Insider Economy Cyprus tops the EU leader board concerning absorption of EURDF funds

Cyprus tops the EU leader board concerning absorption of EURDF funds

For the second year, Cyprus ranked first among the EU member state regarding the absorption of funds from the EU Regional Development Fund in 2018 and sixth concerning its absorption capacity from all EU funds.

According to EU data, Cyprus achieved an absorption rate of 46%, followed by Finland with 36% and Luxembourg with 35%.

A press release issued by the Finance Ministry says that based on the certified cumulative payments, Cyprus not only achieved full absorption of EU funds but also is ranked among the member-states with the best performance in the current Multiannual Financial Framework (2014-2020).

Finance Minister Harris Georgiades, expressed satisfaction and congratulated the competent authorities “for the outstanding job done,” the Finance Ministry said.

He also underlined the significance of these funds to secure sustainable growth, noting the government’s and the competent services’ readiness to continue efforts towards that end.

(Cyprus News Agency)

Top Stories

Armenian community in Cyprus holds Karabakh protest

  The Armenian community in Cyprus held an all-day protest today, condemning the Azeri attack on Nagorno Karabakh. The march went through various areas of Nicosia,...

Spain decrees new state of emergency in COVID-19 fight

  Spanish Prime Minister Pedro Sanchez announced a new state of emergency in an effort to curb soaring coronavirus infections, imposing local nighttime curfews and...

Iraqi forces use water cannon, tear gas against protesters in Baghdad

  Iraqi security forces fired water cannon and tear gas at anti-government protesters on Sunday to prevent them crossing barricades on a bridge leading towards...

Lebanese Christian cleric to Hariri: avoid ‘secret deals’ in forming cabinet

  Lebanon’s top Christian cleric urged Prime Minister-designate Saad al-Hariri to avoid back-door deals and quickly form a new government that will start lifting the...

Pope Francis names new cardinals, including 9 that will eventually elect successor

  Pope Francis named 13 new Roman Catholic cardinals, including nine under the age of 80 who are eligible to enter a conclave to elect...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...