OPERATIONAL PROGRAMME:

Evaluation of the utilisation of REACT-EU resources by the Republic of Cyprus

The COVID-19 pandemic had severe impacts on the Cypriot economy, as it did on other countries of the European Union, which are reflected in the deterioration of key economic and social indicators.

In the context of supporting the economy against the consequences of the pandemic, Cyprus made use of the additional resources allocated to the country as part of the EU’s assistance for “supporting the recovery from the crisis, including its social consequences, due to the COVID-19 pandemic, and for preparing a green, digital and resilient economic recovery (REACT-EU)”. The resources made available to the Republic of Cyprus under the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU) were allocated to the two Cohesion Policy Operational Programmes (programming period 2014–2020) that were in progress.

The contract had an implementation period of three months and was completed in December 2024. Its cost amounted to €4,400 plus VAT.