Cyprus most prosperous of EU candidate countries

Published March 18th, 2001 - 02:00 GMT

The head of the Cyprus' delegation to the accession talks with the European Union, George Vassiliou, is leaving for Brussels Monday, March 19, to take part in a meeting organized by the European Parliament Foreign Affairs Committee and to discuss issues relating to the accession negotiations, according to the CNA news agency.  

 

Advocating Cyprus’ appeal to the EU, is an encouraging figure recently released by the European Commission statistical office. According to an EC survey, Cyprus ranks first among the 13 candidate countries bidding to join the European Union as far as economic indicators are concerned.  

 

It was concluded that, for the years 1995 to 1999, Cyprus’ per capita GDP, adjusted according to purchasing power parities, stands at 82 percent of the average figure within EU member states. GDP per capita, an indicator of the relative prosperity of countries, averaged for all the candidate members in the year 1999, equals one third of the figure for the EU. 

 

The survey further indicates that economic growth among the EU candidate countries was on average 1.5 percentage points higher than in the EU itself. The current candidate list registers Bulgaria, Cyprus, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Romania, Slovenia, Slovakia, the Czech Republic and Turkey. 

 

However, when it comes to the value of the GDP (Gross National Product), the performance of these future-EU members is somewhat less impressive. EU statistics indicate that in 1999, the value of GDP in the candidate states reached €525 billion, compared with €7,965 billion in the EU—that is approximately seven percent of the total EU GDP. — (Albawaba-MEBG)

© 2001 Mena Report (www.menareport.com)


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