Finance Minister Makis Keravnos on Friday met with Lefteris Christoforou, the Cypriot member of the EU Council of Auditors, who visited Cyprus for a series of meetings with Cypriot officials.

A press release issued by his office, said Christoforou presented to the Cypriot Minister the Council’s recent findings in sectors such as public contacts.

They also exchanged views on projects co-financed by EU Funds and the challenges concerning the absorption of funds earmarked for period of 2021 – 2027 by all member-states, especially the funds associated with Cohesion Policy. The also discussed the reform of the EU fiscal governance rules.

A press release issued by the Finance Ministry said that Keravnos and Christoforou also discussed the performance and prospects of the Cypriot economy and the implementation of EU co-financed projects.

Kervanos outlined to Christoforou the government’s planning aiming at the full absorption of EU funds earmarked for Cyprus both in the EU Recovery and Resilience Fund as well as in the EU Cohesion Policy.

In the context of his contacts, Christoforou also met yesterday with Minister of Labour and Social Insurance Yiannis Panayiotou, Deputy Minister for Tourism Costas Koumis, as well Taxation Commissioner Sotiris Markides.