Cyprus is one of the best countries in the European Union at using money from the EU. It is now in fourth place in the EU for using this money well. A committee met on Friday and said that Cyprus has used all the money it was given for its development plans.
Cyprus also used all its money in the last funding period, from 2014 to 2020. This shows that the country is very good at managing this money.
The money is used for important projects. These include clean energy, protecting the environment, and solving water problems. The money also helps to create jobs and fight poverty.
At the meeting, people saw examples of these projects. One project will change an old stadium in Nicosia into a green park for everyone. Another project is to improve schools for job training.
Cyprus is already making plans for the next period of EU funding. This good work helps Cyprus become a stronger and more important country in Europe.