EU ANNOUNCES 12 MLN EURO TRNC AID PACKAGE

Under the measures, the Turkish Cypriot Chamber of Commerce will be responsible for the exportation of non-agricultural products to the EU markets. Some 9 million euros of the package will be allocated for improving the TRNC’s infrastructure, with the remaining aid allocated for Turkish Cypriot nongovernmental organizations (NGOs). However, the draft fails to meet both Lefkosha and Ankara’s expectations of the EU, falling short of fully lifting the economic embargo on the country.