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EU aid to Turkish Cypriots reaches $20.5 million in 2006-2007
2007-09-26 14:43:49

Nicosia, Sep 25 - The EU assistance aimed at encouraging the economic development of the Turkish Cypriot community, during the period from 27 February 2006 to 28 February 2007, involved the contracting of a total of $20.5 million, of which around $18 million were contracted under the operational part of the aid program and $1.8 million for supporting activities.

As regards disbursement, the Commission disbursed to its contractors a sum of around $6 million during the reporting period. Of this amount, around $5.2 million were contracted under the operational part of the aid program and $778,000 for supporting activities. Additionally, the Commission spent around $566 for staff and mission costs.

According to the Annual Report 2006-2007 on the implementation of Community assistance under Council Regulation (EC) No 389/2006 of 27 February 2006 establishing an instrument of financial support for encouraging the economic development of the Turkish Cypriot community, communicated by the European Commission to the European Parliament and the Council, the activities mainly focused on programming the assistance, setting up the implementation mechanism and ensuring continuity with previous EU funded activities to the benefit of the Turkish Cypriot community.

Furthermore, activities previously carried out by UNDP could be seamlessly continued through the signing of grant agreements between the Commission and UNDP in December 2006.

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