Cyprus Mail
Cyprus

Farmers to get €85m in 2016

SOME €85m will be disbursed to 35,000 farmers in 2016, commissioner for the Cyprus Agriculture Payments Organisation (CAPO) Timis Efthymiou said on Wednesday.

Speaking to reporters after submitting CAPO’s annual report to President Nicos Anastasiades, he added that over the course of the next seven years, farmers and rural communities will receive more than €600m through the organisation and various programmes available.

Meanwhile, a new programme calls for some €25m in funds to be distributed to farmers in the beginning of 2016.

Stressing the need to restructure CAPO, Efthymiou said “our goal is through the restructure of the organisation to timely and accurately hand out the payments in order to avoid any fines.”

In 2014, more than €100m was disbursed from the organisation to farmers with more than 90 per cent of the money stemming from EU funds.

Since its establishment in 2003, it has handed out €1.3bn to farmers.

Efthymiou expressed CAPO’s vision to become one of the most effective organisations across the EU, while he added the importance of implementing a new programme for agricultural development.

 

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