The energy and trade ministry has this year granted €127 million in the form of schemes, setting the foundation for economic recovery and green energy transition, Minister Natasa Pilides said on Thursday.

The Cypriot IT services market exceeded €100 million in total value this decade, reaching €113.16 million in value during the previous year, a rise of 12.8% since 2018, according to a report by market intelligence firm International Data Corporation (IDC).

The deputy ministry for tourism’s budget for 2022 focuses on six main areas, deputy minister Savvas Perdios said while presenting his ministry’s budget to the House finance committee on Monday.