Cyprus pays €2.5bn into EU budget in 13.5 years, Treasury says

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Cyprus pays €2.5bn into EU budget in 13.5...
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By Stelios Orphanides

Cyprus has transferred more than €2.5bn to the European Union and received €1.4bn in grants since it became a member in 2004, the Treasury of the Republic said on Wednesday.

The above figures “do not include other grants paid by the EU directly to public corporations”, including the Cyprus Agricultural Payments Organisation (Capo), a body tasked with paying subsidies to farmers, Stelios Anastasiou, an accountant at the Treasury said in an emailed statement.

Since May 2004, Capo has received a total of €803m, Anastasiou said.

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This article was automatically added to our system 20-12-2017

Cyprus pays €2.5bn into EU budget in 13.5 years, Treasury says


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