The European Commission announced that it has received Cyprus's second payment request under the Recovery and Resilience Facility, involving grants totaling €152 million (excluding pre-financing). This request encompasses reforms and investments in various sectors, primarily focusing on green and digital transitions.

As reported on Monday, the Commission received payment requests last Friday from Cyprus, Romania, and Slovakia.

Cyprus's second request under its national Recovery and Resilience Plan covers a total of 33 milestones and 5 targets. These include reforms and investments in public health, education, energy efficiency, renewable energy sources, protection against forest fires and floods, water management, agriculture, research and innovation, financial support for businesses, digitization of public administration, taxation, and anti-corruption measures.

It is reminded that Cyprus's national Recovery and Resilience Plan encompasses funds totaling €1.22 billion (€0.2 billion in loans and €1.02 billion in grants).

As the announcement recalls, payments under the Recovery and Resilience Facility are based on the implementation by Cyprus, Romania, and Slovakia of the reforms and investments described in their respective national recovery and resilience plans.

The Commission will assess these requests and subsequently send its preliminary assessments to the EU's Economic and Financial Committee (an advisory committee of the EU) regarding the fulfillment of the necessary milestones and targets for the payments.