Nicosia, Cyprus. The Ministry of Energy announced three sponsorship schemes worth €1.7 million to support private participation by Cypriot businesses in exhibitions and trade events in Cyprus and abroad. Applications will be accepted from June 3 to July 15, 2026, for eligible actions taking place during 2026.
Scheme approval and scope
According to the ministry, the Council of Ministers approved the schemes on May 19, 2026, following a proposal by Energy Minister Michalis Damianou.
The schemes fall under de minimis aid and cover Cypriot enterprises active in the processing and/or trading of industrial products, the processing and/or trading of agricultural products, and the provision of services.
Budget and objective
The ministry said the three schemes have a total budget of €1.7 million for the 2024-2026 period.
It said the goal of implementing the schemes is to strengthen the extroversion of Cypriot enterprises, support their penetration into international markets, and increase their exports.
Eligible participation
The support concerns private participation by businesses in trade fairs organised in Cyprus and abroad, as well as online and virtual trade fairs held abroad.
It also covers participation in business and commercial events, meetings and conferences organised abroad for networking and the promotion of products and services.
Retroactive application and clarification
The schemes will also apply retroactively to beneficiaries who took part in eligible actions during 2024 and 2025, provided they meet the required criteria.
The ministry clarified that the announcement concerns only the 2024-2026 period and does not create any obligation for similar schemes to be announced in future years.
Application materials
The information guide and participation application are available from the ministry.