The Presidency of the Republic of Cyprus has welcomed the announcement of the disbursement of €157 million in pre-financing, as part of the funds and loans to be provided under the EU Recovery and Resilience Facility (RRF), noting that this is a “historic” day for the country and reiterated the government`s commitment to implement the necessary reforms which will lead Cyprus to a new era.
“Today is a historic day for our country,” the Presidency said in a press release referring to the announcement by European Commission President Ursula von der Layen on the disbursement of the funds.
The funds, according to the press release, are 157 million euros which are disbursed to Cyprus by way of pre-financing, adding that the amount is equal to 13% of the grants and loans allocated to the country.
Source: cyprus News Agency