Cyprus submits request for the fourth tranche under the RRF

Cyprus submitted a request to the European Commission on Wednesday for the disbursement of the fourth tranche of the Recovery and Resilience Facility (RRF), amounting to €77 million.

The government submitted the request after completing 16 milestones and targets outlined in its national RRF plan, which totals €1.2 billion.

According to an announcement from the finance ministry, Cyprus has so far received €263 million via the RRF. Combined with the expected disbursement of the second and third tranches...