Nicosia: The new Multiannual Financial Framework (MFF) was the focal point of discussion during a meeting held on Thursday between Cyprus President Nikos Christodoulides and European Court of Auditors (ECA) President Tony Murphy, alongside ECA Member Lefteris Christoforou.
According to Cyprus News Agency, President Christodoulides emphasized the significance of the proposed European Union budget for the period 2028-2034, describing it as a formidable challenge. He acknowledged the complexities involved in deliberating the MFF but expressed confidence in reaching a consensus. He underscored the necessity of finalizing the discussions by the end of the year, aligning with the positions of the Presidents of the European Council and the European Commission.
President Christodoulides highlighted the requirement for the new MFF to address the present challenges faced by the European Union. He remarked on Cyprus's substantial benefits from EU membership, having received over 4 billion euros for various projects since joining the union, benefiting all citizens. Moreover, he addressed the Common Agricultural Policy, stressing the need for balance and mentioning that a comprehensive discussion is scheduled for March during the European Council meeting.
Post-meeting, Tony Murphy described the talks with President Christodoulides as "very productive," covering several issues related to Cyprus's involvement in the EU. He noted that Cyprus has excelled in absorbing 46% of the Recovery and Resilience Facility (RRF) funds, ahead of the average, with the remainder to be utilized by August. Murphy expressed confidence in Cyprus's ability to complete this task.
Murphy further anticipated significant progress during the Cypriot Presidency, expecting advanced handovers of relevant files. He also expressed optimism about the negotiations and agreements on the 2 trillion euro EU budget for 2028-2034 advancing under Cyprus's leadership in the coming six months.