Cyprus net recipient of approximately €133 mln from the EU in 2021

In 2021 Cyprus was the net recipient of approximately 133 million euro from the EU and is consistent in the implementation of programs with the absorption of European funds, Lazaros Lazarou, Cyprus’ member in the European Court of Auditors, said Tuesday.

Lazarou submitted the annual report of his Office to the President of the Republic. This is his last term and he is succeeded by MEP Lefteris Christophorou.

He told the President that from 2004 until the end of 2021, Cyprus was a net recipient of approximately 461 million euro.

Welcoming Lazarou, President Anastasiades said that it is rewarding that a body like the Court of Auditors finds, contrary to what is said, that Cyprus complies with the regulations and directives and is consistent in the implementation of programs with the possibility of absorbing all the of EU grants, without any deviation, malpractice or remarks.

He warmly thanked Lazarou for his work in the past 12 years said that during his tenure he proved himself worthy of the expectations both him and his predecessor who firstly appointed him had. President Anastasiades said that Lazarou made Cyprus really proud and carried out his job appropriately and conscientiously.

He explained that if there was no regulation, on behalf of the Republic, for up to two terms, he would have been reappointed.

Lazarou thanked the President for his kind words saying that it was an honour and a pleasure to have represented Cyprus.