Appointment of the Board of Directors of the Cyprus Development Organization and Its Responsibilities
July 30, 2026
The new Board of Directors of the Cyprus Development Organization is expected to begin its work immediately after being appointed. It must be appointed by the end of August to release funds from the Recovery Fund. The Council will define the investment strategy and manage the organization's affairs. Appointments will be based on recommendations from the Minister of Finance. Strict rules will apply to avoid conflicts of interest among board members.