Minister of Finance Constantinos Petrides spoke on revamping the economy via green and digital transition in his speech at Digital Agenda Summit held Wednesday in Nicosia, CNA reports.
The Minister of Finance referred to the Cyprus Recovery and Resilience Plan (RRP), amounting to €1.2 billion, which is expected to mobilize more than €1 billion of private funds.
He furthermore said RRP’s goal, was to strengthen the economy’s resilience and the country’s potential for economically, socially, and environmentally sustainable long-term growth and welfare.
“The Cypriot plan forms part of an unprecedented coordinated EU response to the COVID-19 crisis, to address common European challenges by embracing the green and digital transitions, to strengthen economic and social resilience and the cohesion of the Single Market,” he noted.
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