Recovery and Resilience Plan
The Cyprus Recovery and Resilience Plan (RRP) for the period 2021-2026 was submitted to the European Commission in May 2021 and its positive evaluation was approved by the EU Council in July 2021. Since then, as per the designated procedure followed by all Member States, the Plan has undergone several amendments, the latest of which was approved in December 2025.
The strategic goal of Cyprus’ RRP is “the enhancement of the resilience of the economy and of the country’s potential for economically, socially and environmentally sustainable long-term growth and welfare”.
The RRP with a total budget of €1.02B, is financed through grants under the European instrument, promotes the implementation of 128 measures (67 investments and 61 reforms), to be completed by the end of August 2026, across 6 policy pillars aligned with the strategic objective and priorities of the Plan:
Public Health, Civil Protection and Lessons learned from the Pandemic
€116.0M
Accelerated Transition to a Green Economy
€316.1M
Strengthening the Resilience and Competitiveness of the Economy
€310.4M
Towards a Digital Era
€82.5M
Labour Market, Social Protection, Education and Human Capital
€91.1M
REPowerEU
€104.6M
The RRP interventions aim to address the key challenges identified by the European Commission for the cypriot economy, as reflected in the Country Reports and Country-Specific Recommendations issued under the European Semester. Particular emphasis is placed on the green (42% of the RRP resources) and the digital transition (30% of the RRP resources), as well as on the enhancement of economic resilience and long-term growth, the creation of new employment opportunities, the promotion of social and territorial cohesion.
All interventions under Cyprus’ RRP, including their milestones and targets set in the context of the Plan, are described in the Annex to the Council Implementing Decision (EU) on the approval of the Cyprus Plan.