Cyprus & World News

Cyprus to receive aid from European Aid to the Most Deprived

22 April, 2014

Cyprus will receive aid totalling 3.5 million euro from the European Aid to the Most Deprived for the period 2014-2020.

Greece will receive 249.3 million Euro.

The Fund supports Member State schemes providing food to the most deprived people and clothing and other essential goods to homeless people and materially-deprived children. The European Commission proposal has already been approved by the European Parliament amd the European Union`s Council of Ministers.

The Commission foresaw a budget of €2.5 billion for the Fund during the period 2014-2020 as part of its June 2011 proposal for a Multiannual Financial Framework (see IP/11/799). Member States would be responsible for paying 15% of the costs of their national programmes, with the remaining 85% coming from the Fund.

There are 25.4 million children at risk of poverty or social exclusion in the EU. Overall, children are at greater risk of poverty or social exclusion than the rest of the population (27 % against 23 % for the total population).

The Fund has also allocated to Italy 595 million, Spain 499.9 million, France 433, Bulgaria 93, Hungary 83.3, Germany 70, Lithuania 68, Latvia 36, Croatia 32.5 million, Czech Republic 20.7, Ireland 20.2, Estonia 7.1, Denmark 3.5, Luxembourg 3.5 and Malta 3.5 million.