Cyprus eyes €3.5bn in EU funds
Over the next years Cyprus anticipates to have available to it some €3.5 billion in EU funds for development projects, President Nikos Christodoulides said on Monday.
“These are projects which will ...
Cyprus outpaces EU average in EU fund absorption
Cyprus has surpassed the EU average in utilising EU funds through the 2021-2027 multi-annual financial framework, however it still stands at 18.8 per cent of the amount it is entitled to, ...
Cyprus failed to carry out screenings for billions in foreign investment, report reveals
Although Cyprus holds billions of the EU’s foreign direct investments (FDI), it has failed to carry out any screening mechanisms over the funds it received between 2020 and 2022, according to ...
Major digitalisation push for EU audits
The European Court of Auditors’ annual meeting got underway in Paphos on Monday as Cyprus hosted the event, with top officials praising the challenges which have been overcome.
Attendees heard ...
Cyprus increases absorption of EU funds
Over the past two years Cyprus has been a net beneficiary of EU funds, while increasing its rate of absorption of the same, MPs heard on Monday.
A joint session ...