EU issues aid to Northern Cyprus

The European Union has sent the first slice of a EUR38.1 million ($48.4 million) aid instalment to Northern Cyprus. The sum forms part of a broader package amounting to EUR139 million ($177 million), which constitutes the bloc’s reward to northern Cypriots for endorsing the unification of the island. Cyprus has been divided since the Turkish incursion 16 years ago. E.U. Enlargement Commissioner Olli Rehn said the aid is designed to bring “the Turkish Cypriot community closer to Europe.” It represents ” another step by the EU toward putting an end to the isolation of this community,” Rehn added.

Source: EU Starts Aid for Northern Cyprus With EU38 Million Installment (Bloomberg)

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