"EP’s Committee approves 138 mln euros for Turkish Cypriots
26/04/2006
www.financialmirror.com
Brussels (CNA) -- The European Parliament’s Committee on Budgets has given its consent to grant European funding to the Turkish Cypriot community of the Republic of Cyprus, amounting 138 mln euros.
The EU's financial aid for the Turkish Cypriots will be released gradually.
According to the financial aid regulation, no projects can take place on any Greek Cypriot property in the Turkish occupied northern part of the island.
The Committee on Budgets also approved the release of 180.000 euros for administrative expenses for technical support, that had been spent up to the approval of regulation from the EU Council of Ministers.
On February 27, the EU General Affairs and External Relations Council (GAERC) adopted the financial aid regulation for Turkish Cypriots."
Financial Mirror
