Cyprus News Agency: News in English, 16-10-25

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

CONTENTS

[01] EP to vote on prolonging top-up in EU funding for projects in Cyprus

and EU LNG strategy

[01] EP to vote on prolonging top-up in EU funding for projects in Cyprus and EU LNG strategy

The members of the European Parliament are expected to vote on Tuesday on a special provision whereby the EU would pay up to 85% of project costs in Cyprus until the closure of the 2014-2020 programmes.

They will also vote on plans to prolong a 10% increase in the EU contribution towards project costs in Greece until 30 June of the year following the end of its economic adjustment programme.

It is noted that Article 24 of the Common Provisions Regulation allows the EU Commission to make increased payments under European Structural and Investment Fund (ESFI) programmes- so called "top-ups" - to countries experiencing economic difficulties.

(CNA)

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