Cyprus: EIB backs EUR 245 million of new energy and connectivity investment in 2020, including fibre-optic internet roll-out by Epic Telecom

• Energy transition support includes Vasilikos power plant and gas import facility
• New financing to expand Epic broadband network
• Cyprus largest beneficiary of EIB engagement in Europe relative to GDP

New European Investment Bank financing for priority investment in Cyprus last year totalled EUR 245 million.

2020 represented the fifth largest support for transformational projects in 40 years of EIB engagement in the country. This…