Cyprus among the first countries in absorption of EU funds, according to European Court of Auditors

Cyprus ranks among the first countries as regards the absorption of EU funds, and the European Court of Auditors has no comments on this issue, Court Member, Lazaros Lazarou, said on Thursday after handing over the 2019 annual report of the European Court of Auditors to Cyprus President, Nicos Anastasiades.

“Cyprus is performing excellent in terms of absorption of (amounts from EU funds), is at the highest level compared to other countries, and both as an EU Auditor and as a Cypriot citizen I am proud of the way state agencies are managing European funds. We do not have any comments on this issue,” Lazarou said.

Source: Cyprus News Agency