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President: €48m European funding for Cypriot companies for defense

Published February 26, 2026, 14:08
President: €48m European funding for Cypriot companies for defense

Cypriot companies in the defense and dual-use sector have attracted approximately €48 million in direct funding, enhancing their technological capabilities and production capacity. Cyprus has established itself as a reliable partner in the European defense supply chain. President Christodoulides announced that 18 Cypriot companies are participating in 44 European defense programs, with a total budget of €600 million. The President emphasized the importance of strengthening the defense industry, especially in a period of geopolitical instability and given the Turkish occupation of Cyprus. The government is committed to continuing to support the sector, as its success is a strategic advantage for Cyprus and Europe.