Cyprus’ National recovery and resilience plan aims to strengthen the resilience of Cyprus’ economy and the country`s potential for economic, social and environmentally sustainable long-term growth and prosperity, said Director General of the Ministry of Finance, George Pantelis. He added that compared to the baseline scenario, the country`s GDP will be increased by 7 percentage points more during the five years of implementation of the plan.
Speaking at the online discussion on “Europe Recovery Plan, an Economy at the Service of the People”, organized by Oxygono and Europe Direct Larnaca, Pantelis stressed that the reforms and investments that will be made through the Plan are estimated to increase productivity in the medium term, while in relation to GDP it is estimated that from 10.
Source: Cyprus News Agency