Cyprus will manage to absorb 100% of the co-financed Cohesion Policy Programs 2014-2020.
According to a press release by the Ministry of Finance, a joint meeting was held on Wednesday in Pafos between the members of the Monitoring Committees on the progress of the implementation of the Programs co-financed by the EU Cohesion Policy Funds about the programs “Competitiveness and Sustainable Development 2014-2020”, “Employment, Human Resources and Social Cohesion 2014-2020” and “THALEIA 2021-2027”.
The meeting, that was attended by representatives from the European Commission, Ministries, local administration, economic and social partners, civil society, research organisations and universities, among others, was chaired by Permanent Secretary of DG Growth at the Ministry of Finance Theodosis Tsiolas.
Tsiolas informed the members about the significant progress made as regards the implementation of the 2014-2020 Programmes and noted that Cyprus is in the top five list of EU member states in terms of absorbing European funds.
It is added that from the available European resources of the “Competitiveness and Sustainable Development” Programme, approximately 88% has been collected by the European Commission to date, while from the total of the available European resources of the “Employment, Human Resources and Social Cohesion” Program » 97% has been collected. He noted that in this programming period all resources will be fully absorbed as well without losing a single euro, the press release concludes.
Source: Cyprus News Agency