Christodoulides hails Cyprus’ EU budget proposal, Europe still split

President Nikos Christodoulides on Friday hailed Cyprus’ submission of a proposal for the European Union’s next multiannual financial framework – the bloc’s budget for the period covering the years between 2028 and 2034 – saying the submission marks a “significant milestone” in negotiations.

He pointed out that the proposal, known as a “negotiating box”, contained “concrete figures” for “the first time” in deliberations for the budget, and said that it “reflects compromise, ambition and...