Briefing - Cyprus's National Recovery and Resilience Plan: Latest state of play - 01-10-2025
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In absolute figures, Cyprus's amended national recovery and resilience plan (NRRP) is set to receive EU resources amounting to €1 020.2 million in grants and €200.3 million in loans. The grant amount is €15.2 million higher than in the original plan. ThBriefing - Cyprus's National Recovery and Resilience Plan: Latest state of play - 01-10-2025
In absolute figures, Cyprus's amended national recovery and resilience plan (NRRP) is set to receive EU resources amounting to €1 020.2 million in grants and €200.3 million in loans. The grant amount is €15.2 million higher than in the original plan. The difference results from several amendments, which include a downward revision of the grant allocation, the addition of a REPowerEU chapter with new grant resources, and Cyprus's transfer of a portion of its share of the Brexit Adjustment Reserve to the plan. The plan underpins 61 reforms and 75 investment streams that aim to promote the recovery of the Cypriot economy, while addressing structural weaknesses and pursuing major objectives such as the green transition (45 % of the funds) and the digital transformation (24.6 %). It includes measures for the digitalisation of public services, the promotion of digital education and skills, green mobility, renewable energy production and energy efficiency. The measures are to be completed by 2026. Cyprus has so far received 46.5 % of the resources in the form of pre-financing and three payments for grants. This is below the EU average (currently at 55.7 %). The European Parliament, which was a major advocate of the creation of a common EU recovery instrument, participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission's work. This briefing is one in a series covering all EU Member States. Fourth edition. The 'NGEU delivery' briefings are updated at key stages throughout the lifecycle of the plans. Source : © European Union, 2025 - EP