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Applications Open For Cyprus Youth Entrepreneurship Awards 2026

by THEFUTURE.TEAM

June 9, 2026

The Cyprus Chamber of Commerce and Industry (Keve) has opened applications for the 2026 edition of its Youth Entrepreneurship Awards, which are being held for the ninth consecutive year.

Overview Under Presidential Auspices

Held under the auspices of President Nikos Christodoulides, the initiative recognises entrepreneurs under the age of 40 across sectors including commerce, industry, services, tourism, shipping, research, innovation, technology and culture. This year’s edition also introduces a new category for young entrepreneurs from the Cypriot diaspora based in Greece and the United Kingdom.

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Comprehensive Eligibility And Criteria

Applications are open to entrepreneurs who have established their own businesses, as well as successors leading family-owned companies. Eligible businesses must primarily operate in Cyprus, while the newly introduced diaspora category applies to entrepreneurs based in Greece and the United Kingdom. The awards are open to both newly established ventures and established businesses undergoing leadership transitions.

Rigorous Evaluation Process

A special committee appointed by Keve will rigorously assess contenders on multiple fronts. Evaluation criteria include entrepreneurship, innovation, business performance, reputation, social responsibility and the development of new products or services. The committee will also assess leadership, personal contribution to business growth and future development plans. Additional factors include environmental responsibility, efficient use of resources, sustainability initiatives, international expansion and job creation.

Awards Ceremony And Strategic Partnerships

Nominations must be submitted by July 17, 2026, through the online application process. The awards ceremony is scheduled for October 7, 2026, and will bring together influential business leaders and innovators from Cyprus and abroad. The initiative is organised in collaboration with Thessalonikis Dromena magazine and supported by the Ministry of Energy, Commerce and Industry and Eurobank.

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Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

by THEFUTURE.TEAM

September 7, 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

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Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.