Filenews 17 September 2024
The payment request covers important steps towards the implementation of 17 reforms and 19 investments, as well as a new milestone for control and controls, which will promote positive change for citizens and businesses in Cyprus in the areas of public health, education, energy efficiency and renewable energy, protection against forest fires and floods, water management, agriculture, research and innovation, financial support to businesses, public administration, anti-corruption and taxation.
The Commission found that a milestone has not been fully met at this stage. It concerns a reform to tackle aggressive tax planning (milestone C3.5R10/M209, "Entry into force of the law on tackling aggressive tax planning"). The Commission therefore proposes to suspend part of the payment, as provided for in Article 24(6) of the RRF Regulation. This procedure gives Member States additional time to meet outstanding milestones while receiving a partial payment linked to satisfactorily fulfilled milestones.
The Commission has now sent its positive preliminary assessment of the milestones and targets it considers to have been satisfactorily met to the Economic and Financial Committee (EFC), which is required to issue its opinion within four weeks.
