#Recovery and Resilience plan

Finance Minister Makis Keravnos said Thursday that Cyprus stands to receive the first tranche worth €20.9 million from the EU’s Recovery and Resilience Facility, as an advance payment for implementing ...

MPs were out beating their breasts on Thursday, in tears for the poor public who are faced with the new carbon tax slated for early next year plus having to ...

The European Commission on Thursday gave a positive assessment of Cyprus’ modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €1.22 billion – €0.2 billion in loans ...

Cyprus’ accession to the EU was its greatest achievement since the country’s founding, President Nikos Christodoulides said on Friday as he received the EU funding report for 2022. The president ...

By Nick Theodoulou and Elias Hazou Cyprus has become a net recipient of EU funds, reversing a long-standing position of being a net contributor, as the country’s EU funding ...

President Nikos Christodoulides presented the government’s future objectives and major reforms during a long meeting with the ministers at the Troodos presidential residence. The entire cabinet, as well as ...

Cyprus’ fiscal council noted significant delays in the implementation of commitments related to the Recovery and Resilience Plan (RRP), in its interim report published on Tuesday. The council emphasized that ...

Cyprus must achieve the absorption of €960 million in grants and €260 million in loans from the EU, European Council of Auditors member Lefteris Christoforou said on Tuesday after a meeting with ...

Cyprus must accelerate the implementation of its national Recovery and Resilience Plan and reduce its dependence on fossil fuels with a focus on the development of electricity interconnections, the European ...

While the finance minister’s statements that a planned green fuel tax would not be going ahead for now is welcome news for motorists, it is likely that is only ...

Accumulating huge amounts of idle cash By Les Manison In response to the financial crisis of 2012/13 the government in agreement with the troika of international institutional institutions took measures to ...

Education Minister Prodromos Prodromou highlighted the importance of digital skills on Monday during his visit to the digitally supported learning environment at the pedagogical institute. The minister had the opportunity ...

The finance ministry has instructed government ministries and departments to tighten the purse strings, advising that they freeze development projects not already underway in a bid to shore up expenses ...

Cyprus has made further progress in its EU recovery and resilience plan after the cabinet on Monday approved the government’s agreement with the European Commission, the ministry of finance ...

Finance Minister Constantinos Petrides on Wednesday called for political parties to support necessary reforms so that Cyprus can fully utilise the €1.2 billion from the national recovery and resilience plan. Petrides ...