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Minister of Finance Constantinos Petrides welcomed the EU Summit decisions on the next EU budget and the Recovery Fund noting it is “particularly beneficial” for Cyprus. Cyprus will receive more than €2.7 billion from the next EU budget and the Recovery Fund, he noted. In a written statement, Petrides said the Cypriot authorities have begun drafting of the national recovery fund, adding that vision and consensus is needed if Cyprus was to absorb the available funds in the maximum extent possible. As Petrides …
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