The Republic of Cyprus ranked first, and Greece third, among EU member states in cumulative payments made from the European Social Fund in 2018. This disclosure comes from a statement made by the Cypriot Labor, Welfare and Social Insurance Ministry on Friday.
The Labor Ministry noted that ”according to official European Commission statistical data, Cyprus ranks in the first position among 28 European Union member states” in the reception of the funds.
According to the data, Cyprus received 49 percent of all available EU social funds, or €56,255,218 ($63,630,615) from a total available amount of €114,307,303 ($129,293,677).
Luxemburg ranked second, receiving 46 percent of all available monies, and Greece third, with 41 percent.
Cyprus will continue to benefit from the European Structural and Investment Funds with €917 million ($1,038 billion) being received from 2014 – 2020. This represents an average of €1,069 ($1,210) for every citizen of Cyprus.
Monies from the European Social Fund correspond to 11.5 percent of the total amount Cyprus is set to receive from the European Union this year.