Dialogos

Christodoulides: New EU Multiannual Financial Framework 2028-2034 a Major Challenge

Published January 8, 2026, 12:04
Christodoulides: New EU Multiannual Financial Framework 2028-2034 a Major Challenge

President Christodoulides described the new EU Multiannual Financial Framework (MFF) for the period 2028-2034 as a “major challenge.” The discussion regarding the MFF is difficult, but the President expressed optimism about reaching consensus, emphasizing the need to complete the process by the end of the year. Cyprus has received over €4 billion from the EU for projects benefiting all its citizens. Simultaneously, the President of the European Court of Auditors, Tony Murphy, stated that Cyprus is absorbing funds from the Recovery and Resilience Facility at a rate above the average, having absorbed 46% of the approximately €1 billion allocated to the country, with the goal of full absorption by August.