Thursday, 13 August Cyprus Nicosia +38°
News

European Commission disburses €21.2 million to Cyprus under Recovery and Resilience Facility

European Commission disburses €21.2 million to Cyprus under Recovery and Resilience Facility
Photo: illustrative photo · Cyprus Inform

Nicosia, Cyprus. The European Commission disbursed €21.2 million in grants to Cyprus as the fifth payment under the Recovery and Resilience Facility, the central mechanism of NextGenerationEU. The payment follows a partially approved request, with remaining funds pending completion of one milestone.


Fifth payment under EU recovery programme

The Commission said the funding supports reforms and investments in public administration, justice, transport, tourism, education, healthcare, and energy-efficient renovations.

Payment request and assessment

Cyprus submitted its fifth payment request, totalling €70.5 million, on August 1, 2025. The request covered 19 milestones and targets linked to eight reforms and 11 investments.

The Commission partially approved the request on December 19, 2025, noting that one milestone related to green taxation reform remains outstanding. The remaining funds will be released once this milestone has been met.

Total support

Cyprus’ Recovery and Resilience Facility is supported by a total of €1.02 billion in grants.


What steps will Cyprus take to complete the outstanding milestone on green taxation reform?

Breaking Cyprus news on Telegram Subscribe to be the first to know about the island's key events.
Subscribe
How this material was prepared

This news item was generated automatically by Cyprus Inform from publicly available materials. Report an error →

Leave a comment

Similar newsAll news