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Cyprus Recovery plan to create 15,000 jobs
May 7, 2021
The Cyprus National Recovery and Resilience Plan is expected to create about 15,000 jobs, according to a preliminary review by the University of Cyprus.
The plan, which allocates EU funds of €1.25 billion, is also expected to increase GDP by 2.8 per cent by 2026, according to the report.
A full description of how the plan will work is expected from finance minister Constantinos Petrides in May. The minster is to give a press conference which will provide specifics about projects that the plan will fund.