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Celebrating Innovation: Keve’s 2025 Young Entrepreneurship Awards in Cyprus

The Cyprus Chamber of Commerce and Industry (Keve) has opened the nominations for the 8th annual Young Entrepreneurship Awards 2025. Held under the auspices of President Nikos Christodoulides, the awards celebrate visionary Cypriots under 40 who are transforming the nation’s economic and social landscapes.

Honoring Vision and Leadership

In collaboration with Thessalonikis Dromena, Hellenic Bank, and the Cyprus Youth Organisation, with support from the Ministry of Energy, Commerce and Industry, Keve seeks to acknowledge both self-made entrepreneurs and heirs of family businesses who demonstrate notable leadership, creativity, and social impact. These efforts resonate in various sectors such as commerce, tourism, shipping, and the arts.

Award Criteria and Emphasis

Judging will focus on originality, measurable results, and personal involvement, with particular attention to social and corporate entrepreneurship initiatives. Promoting resource efficiency and developing green skills are crucial this year, alongside international outreach and export readiness.

Apply Now by June 16 using this form. Celebrate these entrepreneurial journeys during the ceremony on October 8.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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