Cyprus’ Recovery and Resilience Plan is entering its final stage, with all projects expected to be completed by August 2026, the Finance Ministry’s Directorate‑General for Development said in a statement.
To date, Cyprus has received €589 million from the EU Recovery and Resilience Facility, with another €118 million pending under the final payment request — a disbursement that would bring absorption to roughly 70%.
The ministry highlighted Saturday’s visit by EU Commissioner for Economy and Productivity Valdis Dombrovskis to Nicosia General Hospital, held on the sidelines of the informal ECOFIN meeting hosted under Cyprus’ EU Council presidency. Finance Minister Makis Keravnos, Health Minister Neofytos Charalambides and senior officials accompanied him.
The visit comes at a critical moment, the statement said, as the plan moves toward completion. Dombrovskis was briefed on the installation of €1.3 million in photovoltaic systems at Nicosia General Hospital, part of a wider €10 million investment to improve energy efficiency in public buildings.
He also toured the hospital’s radiology center, upgraded with €2.17 million in funding, within a broader €87 million modernization program for public hospitals under the plan. The commissioner later visited the new Cyprus Blood Centre in Geri, built with €6.2 million from the facility to strengthen the national blood‑donation system.
Keravnos said the health sector has received €114 million in investments through the plan, improving efficiency, accessibility and resilience through upgraded infrastructure, expanded e‑health services and workforce training.
The overall budget of the recovery plan stands at €1.02 billion. Many projects have already been completed, and most remaining ones are in their final stages, while nearly all required legislative reforms have been approved by parliament.
The statement said the plan is on track for timely and successful completion thanks to close cooperation among all involved bodies.