Cyprus opposed to significant increase in EU budget ceiling, FinMin says

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Cyprus is not in favour of a significant increase in the ceiling of the EU’s multiannual financial framework (MFF) after 2020, as it is expected that it will become a net contributor to the European budget, Finance Minister Harris Georgiades told MPs on Tuesday. At the same time, he made it clear that Cyprus was not opposed to a small increase in the budget, but said that he was against the introduction of a new package of own resources of the …

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