European Commission releases 120 million euros to Cyprus

The European Commission has disbursed approximately 120 million euros to Cyprus under the Recovery and Resilience Facility, part of the broader NextGenerationEU initiative. This payment follows the successful fulfillment of milestones and targets associated with the country's sixth payment request, which was initially submitted on December 17, 2025, and received a positive assessment from the Commission in July 2026.

The funding supports several key reforms, including the implementation of a new school evaluation system, the creation of a cross-border patient health data exchange, and the introduction of flexible working arrangements within the public sector. Additionally, the funds cover the expansion of electronic services for building permits and the development of research infrastructure for renewable energy and smart grids at the University of Cyprus.

These measures are designed to enhance public administration efficiency, digitize state services, and support green energy transitions. The disbursement serves as a critical step in Cyprus's long-term economic sustainability plan, ensuring the country meets its structural commitments to the European Union.