The European Commission has disbursed a €730,000 grant to Cyprus for drought and wildfires, both of which affected the island in June 2016, reports said on Friday.
Commissioner for Regional Policy Corina Cretu has said: “In the wake of natural disasters, the EU Solidarity Fund is a concrete expression of European solidarity. Cyprus is set to receive a first EUSF payment following the terrible drought and forest fires of June in order to support reconstruction efforts and regenerate economic activity. This first disbursement of aid shows that we are standing side by side with Cyprus.”
The amount of this advance was calculated based on a preliminary assessment of the application received from Cyprus on September 5, which found that the financial contribution from the EU Solidarity Fund (EUSF) was likely to amount to almost €7.3 million.
In accordance with EUSF rules, the advance payment amounts to 10% of this sum.
Once it has completed the assessment of the application, the Commission will propose a definitive amount of aid, to be approved by the European Parliament and the Council.
Source: CNA
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