European Commission adopts positive assessment of Cyprus recovery and resilience plan

The European Commission adopted on Thursday a positive assessment of Cyprus` recovery and resilience plan, worth €1.2 billion in grants and loans under the Recovery and Resilience Facility (RRF), to support the implementation of the crucial investment and reform measures outlined in Cyprus` recovery and resilience plan, enabling Cyprus to emerge stronger from the COVID-19 pandemic.

The Cypriot plan forms part of an unprecedented coordinated EU response to the COVID-19 crisis, to address common European challenges by embracing the green and digital transitions, to strengthen economic and social resilience and the cohesion of the Single Market.

Source: Cyprus News agency