Cyprus Recovery plan to create 15,000 jobs

07 May 2021

Cyprus Recovery plan to create 15,000 jobs

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.
 
 
 
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