Cyprus News Agency: News in English, 16-10-24

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From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] Eurozone deficit at 1.5% in the Euro area

[02] EU Commission approves new financial assistance programme for the

Turkish Cypriot Community

[01] Eurozone deficit at 1.5% in the Euro area

In the second quarter of 2016, the seasonally adjusted general government deficit to GDP ratio stood at 1.5% in the euro area (EA19), a slight decrease compared with 1.6% in the first quarter of 2016.

In the EU28, the deficit to GDP ratio stood at 1.8%, a slight decrease compared with 1.9% in the previous quarter.

In the second quarter of 2016, total government revenue in the euro area amounted to 46.4% of GDP, a slight increase compared with 46.3% in the first quarter of 2016. Total government expenditure in the euro area stood at 47.9% of GDP, stable compared to the previous quarter. In the EU28, total government revenue was 44.9% of GDP in the second quarter of 2016, compared with 44.8% in the first quarter of 2016. Total government expenditure in the EU28 was 46.7% of GDP, compared with 46.6% in the previous quarter.

CNA/THA/ÌÌ/2016 ...

(CNA)

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[02] EU Commission approves new financial assistance programme for the Turkish Cypriot Community

The European Commission has approved a new €33 million financial assistance program for the Turkish Cypriot community.

This renewed funding is the continuation of a successful EU-funded program with particular emphasis on the economic integration of the island and on improving contacts between the two communities and with the EU. Projects under the Aid Program range from the construction of infrastructure such landfills to grants for Small and Medium Sized Enterprises and Civil Society Organisations, scholarships and support for confidence building measures such as the Committee on Missing Persons.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service.

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.

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