With the first €157m already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next €85m which is due to be received in February 2022. The estimated total cost of the Cyprus recovery and resilience plan amounts to €1.2 billion, but the reforms and investments must be made with the milestones that have been set, and must also be completed.
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