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Cyprus tops the EU leader board concerning absorption of EURDF funds (Repeat)
CNA - CYPRUS/Nicosia 10/01/2019 16:23


Cyprus for a second year ranked first among the EU member state regarding the absorption of 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 Luxemburg 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).

(CNA)

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