Nicosia expected to receive €150 million by beginning of July once Recovery Fund is approved, FinMin says

Nicosia is expected to receive €150 million from the EU Recovery Fund once it has been approved around the end of June or beginning of July, Finance Minister Constantinos Petrides has said, adding that the government has already started going ahead with public tenders for a number of projects.

Petrides was replying to journalists questions, in statements after signing an Agreement for the Avoidance of Double Taxation between Cyprus and Holland, on Tuesday.

He said that the government has already started the implementation of the Recovery Fund and that public tenders have been published for some of the projects.

Source: Cyprus News Agency