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NextGenerationEU: a Comisión Europea avala o plan de recuperación e resiliencia de 1.2 millóns de euros de Chipre

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The European Commission has adopted a positive assessment of Cyprus’s recovery and resilience plan. This is an important step towards the EU disbursing a total of €1.2 billion in grants and loans under the Recovery and Resilience Facility. This financing will support the implementation of the crucial investment and reform measures outlined in Cyprus’s recovery and resilience plan. It will play a key role in enabling Cyprus to emerge stronger from the COVID-19 pandemic.

O FER está no corazón de NextGenerationEU, que proporcionará ata 800 millóns de euros (en prezos actuais) para apoiar investimentos e reformas en toda a UE. O plan chipriota forma parte dunha resposta coordinada sen precedentes da UE á crise COVID-19, para afrontar retos europeos comúns abrazando as transicións verdes e dixitais, para fortalecer a resiliencia económica e social e a cohesión do mercado único.

Unha economía que funciona para o vicepresidente executivo de Valdis Dombrovskis (retratado) said: “Cyprus has submitted a wide-ranging recovery plan. It contains significant reforms and investments to address its main socio-economic challenges and put the country onto a greener and more digital path. Cyprus intends to invest in energy efficiency and renewable energy, improve its water and waste management, and contribute to the ‘EuroAsia Interconnector’ project to link its electricity network with the Greek one in Crete. It will make considerable investments to boost very high-capacity broadband coverage, promote digital education and skills and digitalise its public services and courts. On the economic side, we welcome its focus on addressing risks from non-performing loans held by banks, improving the working environment for credit acquirers and services, and increasing access to finance and liquidity for smaller businesses. The social dimension features strongly with support for early childhood education and care, along with measures to get more young people into jobs and to promote equal opportunities. Once put into full effect, this plan will allow Cyprus to emerge stronger from the crisis.”

The Commission assessed Cyprus’s plan based on the criteria set out in the RRF Regulation. The Commission’s analysis considered, in particular, whether the investments and reforms set out in Cyprus’s plan support the green and digital transitions; contribute to effectively addressing challenges identified in the European Semester; and strengthen its growth potential, job creation and economic and social resilience.

Securing Cyprus’s green and digital transition  

The Commission’s assessment finds that Cyprus’s plan devotes 41% of the plan’s total allocation to measures that support climate objectives. The plan includes reforms relating to the introduction of green taxation, the liberalisation of the electricity market, facilitating energy renovations in buildings and accelerating electric mobility. The plan further includes a broad range of energy efficiency and renewable energy investments targeting households, enterprises, municipalities and the wider public sector and non-governmental organisations (‘NGOs’). The plan includes investments relating to the mass roll-out of smart meters as well as the EuroAsia Interconnector project, which should aid electricity generation from cleaner sources, in particular renewables.

The Commission’s assessment finds that Cyprus’s plan devotes 23% of its total allocation to measures that support the digital transition. Measures related to the digital transition are spread out throughout the plan. The plan includes considerable investments in connectivity, through a series of measures aiming to ensure coverage with very high-capacity broadband. It promotes digital education and skills by enhancing digital infrastructure and curricula in schools, training teachers, and investing in digital skills training programmes. It also contains projects expected to promote the digitalization of public services and the digital transformation of the courts system.

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Reinforcing Cyprus’s economic and social resilience

The Commission considers that Cyprus’s plan includes an extensive set of mutually reinforcing reforms and investments that contribute to addressing all or a significant subset of the economic and social challenges outlined in the country-specific recommendations addressed to Cyprus.

O plan inclúe medidas para reforzar os servizos públicos de emprego, con especial atención ao emprego xuvenil. Prevé medidas para aumentar a calidade da educación e da formación. O plan tamén apoia a educación e coidado da educación infantil estendendo a educación infantil obrigatoria gratuíta a partir dos catro anos, investindo en centros de coidados infantís acompañados dun plan de acción nacional en educación infantil que ten como obxectivo fomentar a igualdade de oportunidades para todos os nenos e o mercado laboral a tempo completo participación de coidadores, especialmente mulleres. Espérase que a implementación do plan fortaleza a capacidade, a calidade e a resiliencia dos sistemas de saúde e protección civil a través de medidas destinadas a actualizar infraestruturas e equipamentos e establecer sistemas de información dedicados, xunto á promoción de investimentos en sistemas de comunicación e e-Saúde.

Commission President Ursula von der Leyen said: “I am delighted to present the European Commission’s positive assessment of Cyprus’s recovery and resilience plan. The plan will have a real, meaningful impact on securing Cyprus’s green and digital transitions. A significant part of the funds will be devoted to fight climate change, including the protection against forest fires. Further measures to promote energy efficiency, sustainable mobility, improve education and training and expand connectivity will leave Cyprus well placed to benefit from the opportunities and face the challenges that the twin transition present. I am proud that NextGenerationEU will provide €1.2 billion to support these crucial projects.”

Espérase que o establecemento dunha axencia nacional de promoción e a introdución de programas e esquemas de financiamento melloren o acceso ao financiamento e á liquidez, especialmente para as pequenas e medianas empresas. Espérase que os esquemas de subvencións para investigación e innovación, así como o establecemento dunha oficina central de transferencia de coñecemento, aumenten os investimentos en investigación e innovación. O plan ten como obxectivo reducir os riscos no sector bancario relacionados cos préstamos improductivos herdados a través dun plan de acción dedicado, así como a través de medidas para mellorar o ambiente de traballo dos adquirentes de crédito e administradores de crédito.

The plan represents a comprehensive and adequately balanced response to Cyprus’s economic and social situation, thereby contributing appropriately to all six pillars referred to in the RRF Regulation.

Apoiando proxectos emblemáticos de investimento e reforma

O plan chipriota propón proxectos nas sete áreas emblemáticas europeas. Trátase de proxectos de investimento específicos que abordan cuestións comúns a todos os Estados membros en áreas que crean emprego e crecemento e son necesarias para a transición xemelga. Por exemplo, Chipre propuxo investir 40 millóns de euros para promover investimentos en eficiencia enerxética en pemes, municipios e sector público en xeral e 35 millóns de euros na expansión de redes de moi alta capacidade en áreas non atendidas.

A avaliación tamén constata que ningunha das medidas incluídas no plan prexudica significativamente o medio ambiente, de acordo cos requisitos establecidos no Regulamento FERR.

Os sistemas de control establecidos por Chipre considéranse adecuados para protexer os intereses financeiros da Unión. O plan ofrece detalles suficientes sobre como as autoridades nacionais evitarán, detectarán e corrixirán os casos de conflito de intereses, corrupción e fraude relacionados co uso de fondos.

Economy Commissioner Paolo Gentiloni said: “With the approval by the Commission of Cyprus’s recovery and resilience plan, the country takes a step closer to accessing €1.2bn in funding to support the renewal of its economy. Cyprus is seizing the opportunity offered by NextGenerationEU to make important progress with the climate transition and in boosting its digital competitiveness. Particularly beneficial to Cyprus will be the projects connecting the island to the Greek electricity and high-capacity broadband networks. I also welcome the commitments to addressing those features of Cyprus’s tax system that facilitate aggressive tax planning.”

Próximos pasos

The Commission has today adopted a proposal for a Council Implementing Decision to provide €1.2bn in grants and loans to Cyprus under the RRF. The Council will now have, as a rule, four weeks to adopt the Commission’s proposal.

The Council’s approval of the plan would allow for the disbursement of €157m to Cyprus in pre-financing. This represents 13% of the total allocated amount for Cyprus.

A Comisión autorizará novos desembolsos baseados no cumprimento satisfactorio dos fitos e obxectivos expostos na Decisión de execución do Consello, que reflicta o progreso na execución dos investimentos e reformas. 

Máis información

Questions and Answers: European Commission endorses Cyprus’s recovery and resilience plan

Instalación de recuperación e resiliencia: preguntas e respostas

Factsheet on Cyprus’ recovery and resilience plan

Proposta de Decisión de execución do Consello sobre a aprobación da avaliación do plan de recuperación e resiliencia para Chipre

Anexo á proposta de decisión de execución do Consello sobre a aprobación da avaliación do plan de recuperación e resiliencia para Chipre

Documento de traballo do persoal que acompaña a proposta de decisión de execución do Consello

Instalación de recuperación e resiliencia

Regulamento da instalación de recuperación e resiliencia

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