Budgetary Control committee of European Parliament to visit Cyprus to look into use of EU funds

The committee on Budgetary Control (CONT) of the European Parliament will conduct a fact finding mission to Cyprus from the 19th to the 21st of September, it has been officially announced.

The members of the CONT committee are due to meet on September 5th to prepare the fact finding mission.

CNA learns that the mission will look into information shared by the European Commission with the CONT committee in a hearing last year, concerning systemic weaknesses found in the handling of EU funds by Cypriot authorities.

The MEPs that will take part in the mission are expected to take stock of any potential weaknesses and their possible causes.

The amounts in the cases under discussion tended to be small due the relative size of the economy, and thus had not been observed so far, according to the same sources.

Source: Cyprus News Agency