Skip to main content
European Commission logo
Representation in Cyprus
Press release29 July 2022Representation in Cyprus

Report on the implementation of the Recovery and Resilience Facility

The European Commission has adopted its review report on the implementation of the Recovery and Resilience Facility (RRF)  the centrepiece of NextGenerationEU.   

Cyprus recovery and resilience plan

18 months on from the introduction of the RRF, the report confirms that major headway has been made in the implementation of the Facility and that the ambitious reform and investment agenda of Member States is well on track.

The report details numerous examples of the investments and reforms financed by the RRF in the 25 national recovery and resilience plans adopted so far. These examples present concrete measures that are contributing to the six policy pillars in the RRF Regulation. All plans exceed the 37% climate target, with some Member States using more than half of their allocation in support of climate objectives. Overall, climate expenditure amounts to about 40% and digital expenditure to about 26%.

The report also includes a special focus on how the RRF will help Member States support gender equality. Finally, the report outlines how the RRF will help deliver on the REPowerEU objectives. Russia's unprovoked and unjustified war of aggression against Ukraine is raising unprecedented challenges. In this context, making the EU's green and digital ambitions a reality is even more urgent. Delivering them will improve the resilience of the Union's energy supply, decrease its dependence on energy imports, and support Europe's just transition.

Thanks to sound reforms and investments, the RRF can make a significant contribution to meet these challenges. Progress in the implementation of recovery and resilience plans can be followed on the Recovery and Resilience Scoreboard

Cyprus: Recovery and Resilience Scoreboard (europa.eu)

Details

Publication date
29 July 2022
Author
Representation in Cyprus