Cyprus completes five-year EU recovery programme

The Republic of Cyprus is completing the implementation of the five-year Recovery and Resilience Plan (RRP), funded by the European Union. By the end of August, the authorities intend to complete all remaining projects and fully utilise the allocated funds.

To date, the republic has received approximately €589 million, while a further €118 million is expected following a positive assessment by the European Commission. The final funding request will be submitted by 30 September.

The programme’s total budget amounts to €1.02 billion. Of this, 42% is allocated to the green transition, 30% — to the digital transformation, and a further 9% — to education, employment and the social sector.

Over the five years of the programme, hospitals have been modernised, childcare facilities built, solar panels installed in 405 schools, smart water and electricity metering systems introduced, the digitalisation of public services expanded, and projects implemented to protect against flooding and develop sustainable transport. In addition, dozens of programmes supporting businesses, energy efficiency, electric vehicles and rural development have received funding.

The only major unresolved issue is the €46 million payment that has been suspended due to the absence of a law on green taxation. The authorities are negotiating with the European Commission, proposing to replace this commitment with other environmental measures.

After the programme is completed, the Republic of Cyprus will focus on preparing for the EU’s next multiannual budget, which will determine funding for infrastructure, environmental and digital projects in the coming years.