Brussels, 28/06/2016 (Agence Europe) - The European Commission announced on Monday 27 June that it had extended the special modifications to European structural and investment (ESI) funding for Cyprus and Greece, both countries having been particularly badly affected by the financial crisis.
Cyprus will enjoy an extension of an 85% EU co-financing rate. The 2014-2020 ESI funds regulation originally provided for Cyprus to benefit from an EU co-financing rate of 85%, the maximum legal rate...