Cyprus ranks among the First Countries as regards the Absorption of EU Funds

According to the official statistics of the European Commission (January 2023 – Cohesion Open Data Platform), for the programming period 2014-2020, Cyprus remains among the first EU countries as regards the absorption of funds from the EU Cohesion Policy Funds. More specifically, Cyprus ranks 5th with a percentage of around 90%, which is more than the EU average (78%).