October 8, 2024
Government offers financial support to wine industry #IndustryFinance

Government offers financial support to wine industry #IndustryFinance

CashNews.co

Environment commissioner, Antonia Theodosiou, said the government was committed to the financial support of the wine industry.

Speaking at the Afamia – Grape Festival in Koilani, of behalf of the president, Theodosiou explained that “despite the challenges, every effort is being made to support it.” The government also wanted “to enhance the production and promotion of local vine products through financial support as envisaged in the strategic plan of the Common Agricultural Policy (CAP) 2023-2027.”

The government will channel over €22 million to vine growers and winemakers through the Ministry of Agriculture by 2027, she said.

This substantial investment aims to fortify the agricultural economy while boosting Cyprus’ presence in the international market.

Highlighting the cultural significance of the celebration, Theodosiou noted its roots dating back over 40 years, beginning with the first Palouse Festival.

She pointed to the longstanding wine heritage of the region, emphasising that the Krasochoria, (wine villages) of Limassol produced wines that were recognised as Protected Designation of Origin (PDO) products, a testament to their superior quality.

Koilani, celebrated for its exceptional wines and wine products, stands out not only as one of Cyprus’ primary wine producers but also for its unique delicacies, such as the aromatic arkatena and the beloved sweet pastries.

These culinary treasures, added to the list of Intangible Cultural Heritage in 2017, underline the village’s rich gastronomic tradition and Cyprus’ cultural heritage.

She concluded by stressing the government’s commitment to supporting rural communities, through efforts to retain their populations, enhance their economic prosperity, and improve their standard of living.

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