Cyprus has secured €76 million from the European Union’s Recovery and Resilience Facility, marking a significant milestone in the island’s post-pandemic economic revival. The funding, aimed at supporting economic recovery and promoting sustainable growth, forms part of the EU’s broader effort to help member states rebound from the impacts of the COVID-19 crisis. This injection of capital is expected to bolster key sectors across Cyprus, driving innovation, digital transformation, and green initiatives aligned with EU priorities.
Cyprus Allocates EU Recovery Funds to Boost Tourism and Green Energy Sectors
The government of Cyprus has strategically directed the recent €76 million injection from the EU recovery fund towards revitalizing its key economic pillars: tourism and green energy. These sectors are seen as pivotal for the island’s sustainable development and economic resilience post-pandemic. In tourism, investment will focus on modernizing infrastructure,…
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Author : Ava Thompson
Publish date : 2025-08-08 18:58:00
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