Economy category powered by

Cyprus requests targeted review of its Recovery and Resilience Plan from the Commission

08:15 - 27 June 2024

Economy Reporter

Cyprus has submitted a request for “a targeted review of its recovery and resilience plan," the European Commission has announced.

“The proposed modifications are linked to objective circumstances which impact the feasibility of implementing the measure concerned” the Commission points out in its press release, without providing further details.

The Cypriot recovery and resilience plan amounts to 1.2 billion euro, including 1 billion euro in grants and 200 million euro in loans. The plan includes 282 milestones and objectives, 61 reforms and 75 investments.

To date, the Commission has disbursed more than 21% of the funds allocated to Cyprus under the Recovery and Resilience Facility, i.e. more than 260 million euro, including pre-financing.

(Source: CNA)

News Feed

Read More

Altia: Successful Annual Business Lunch with Real Estate Partners
Tender for 5-star Hotel & Apartments in Geroskipou
Cyprus’ Generation Z Speaks: First insights from Leonidas Alexandrou’s landmark study
Final investment on Cyprus gas project could come next year, says TotalEnergies CEO
Jamie Oliver Kitchen Limassol presents: A unique wine tasting experience with Santa Margherita
RSM Cyprus walks the path of hope with 'Christodoula's Suitcase,' organised by the Cyprus Anti-Cancer Society
Public consultation launched for new 'AI in Gov’t' programme
The award-winning products at the 12th IN Business Grocery Retail Awards (pics)
Cyprus Marine Club hosts Green Energy Group speaker
First Corporate Padel Tournament in Cyprus