Politis

Has Cyprus Reached 'Tomorrow'? Progress in Implementing the Recovery and Resilience Plan 2021-2026

Published January 4, 2026, 05:09
Has Cyprus Reached 'Tomorrow'? Progress in Implementing the Recovery and Resilience Plan 2021-2026

Cyprus is facing difficulties in fully drawing down funds from the EU's Recovery and Resilience Mechanism, mainly due to the delay in implementing the green taxation reform. The European Union has already partially suspended funding, giving Cyprus additional time to take the necessary measures. The Recovery and Resilience Plan 2021-2026 is an important tool for Cyprus's economic development, but its successful implementation depends on the timely and effective application of the agreed reforms. Green taxation, as one of the key elements of the plan, has caused reactions and delays, jeopardizing Cyprus's access to significant financial resources. The article is accompanied by a standard note regarding the website's comment posting policy.