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Government Announces Grant Schemes Worth Over €48 Million For Q1 2023
January 5, 2023
Cyprus will launch projects involving grants and subsidies worth over €48 million for both households and businesses in Q1 2023 via the “Cyprus Tomorrow plan,” Government Spokesperson Marios Pelekanos said on Wednesday.
Pelekanos said “Cyprus tomorrow” constitutes the legacy of the outgoing government incorporating the National Recovery and Resilience Plan amounting to €1.2 billion and the "THALIA” programme amounting to €1.8 billion which reflects the development strategy of the utilization of the resources allocated to Cyprus through the Cohesion Policy Funds for the period 2021-2027. The plan includes 58 reforms and 75 investments, which are estimated to mobilise a further €1.4 billion in private investments.