Allocation of 100 million Euros to Cyprus from EU funds approved

932 views
1 min read

The allocation of 100 million Euros to Cyprus was approved on Tuesday in the framework of the additional financial support which the government of Cyprus secured for the EU Cohesion Policy at the European Council held in June, Government Spokesman Christos Stylianides said in a written statement.

Stylianides noted that the systematic efforts mad by the President of the Republic Nicos Anastasiades for an additional support by the EU have started to bear fruit, adding that the amount of 100 million Euros is included in the Agreement for the EU 2014 Budget and constitutes the first installment of the additional financial support amounting to 200 million Euros.

According to Stylianides, President Anastasiades has given instructions to the competent Ministries so that as soon as the amount of the 100 million Euros is disbursed to be immediately used for infrastructure projects and with a view to address unemployment in Cyprus.

View all

Latest from Cyprus