Cyprus Business Now: ESG, Paphos tourism, BoC shares, EU funds, MoU signing

The European Commission has disbursed nearly €76 million to Cyprus, representing the fourth payment under the Recovery and Resilience Facility (RRF), a key part of NextGenerationEU.

In total, the commission has allocated €42.8 billion to five member states (Cyprus, Italy, Portugal, Malta, and Spain) under the RRF.

This latest payment covers 17 milestones and six targets focused on expanding online government services, improving corporate trust with a transparent beneficial ownership