» Home    » Cyprus Timeline    » Contact Us    » Links

Embassy News

Spokesman: EU aid regulation defines way to channel money to TCs
2006-03-20 11:45:37

Nicosia, Mar 20 (CNA) – The EU financial regulation for Turkish Cypriots defines the way the funds will be made available in the occupied areas and the provisions of the regulation concerning the control and procedures to channel the financial assistance will be implemented, said here Monday government Spokesman George Lillikas.

Commenting on reports that the head of the European Parliament – Turkey Contact Group conveyed a demand by the Turkish Cypriots to the European Parliament for the EU to establish an office in the occupied areas that will handle the 139 million euros, Lillikas said the EU has an office in the Republic of Cyprus in Nicosia.

He added that based on the “Accession Treaty of the Republic of Cyprus with the EU, the whole of the Republic of Cyprus territory has acceded, and the implementation of the acquis has been suspended in the occupied areas”.

Asked if the financial regulation defines how the money will be made available, Lillikas said “surely it defines them. The regulation’s provisions for both the control and procedures to channel the economic assistance will be implemented, as well as the preconditions set, meaning that no euro will be spent on Greek Cypriot property”.

The EU Committee of Permanent Representatives (COREPER) reached a decision on the financial regulation for the Turkish Cypriots in February, as well as the terms under which the regulation for direct trade with the Turkish occupied areas of Cyprus could be achieved.

Cyprus has been divided since 1974 when Turkish troops invaded and occupied 37 per cent of its territory.

Printer Friendly Page