The European Commission announced that it has received the official recovery and resilience plan from Cyprus, which sets out the reforms and public investment projects that Cyprus plans to implement with the support of the Recovery and Resilience Facility (RRF).
Cyprus has requested €1 billion in grants and €227 million in loans under the RRF.
The Cypriot plan is structured around the five policy areas:
– public health and civil protection;
– the green transition;
– economic resilience and competitiveness;
– the digital transition and
– the labour market, education and human capital.
Source: Cyprus News Agency