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Cypriot SMEs Secure €138,878 To Propel Sustainable Tourism

by THEFUTURE.TEAM

December 11, 2025

Investment In Sustainability

The Cyprus Chamber Of Commerce And Industry (Keve) has announced a strategic allocation of €138,878 under the EU-funded I-STARS initiative, empowering 25 small and medium-sized tourism enterprises to integrate sustainability into their core operations. This well-timed intervention is designed to accelerate the green transition of Cyprus’ tourism sector.

Empowering Businesses With Targeted Support

Through a combination of targeted funding, technical guidance, and personalized support, the participating SMEs have successfully embarked on a comprehensive sustainability journey. The initiative has enabled these companies—from restaurants and hotels to travel agencies and resorts—to craft tailored action plans that enhance their environmental performance and overall operational resilience.

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Comprehensive Audits And Greener Practices

Key to the project were detailed food waste and energy audits, which have not only led to significant waste-reduction measures but also uncovered numerous energy-saving opportunities. By adopting these best practices, the firms have firmly positioned themselves to meet both immediate and long-term environmental goals.

Industry-Wide Impact And Strategic Alignment

The initiative underscores the fact that even small businesses can drive transformative change when equipped with the right tools and incentives. Participants have worked diligently to secure sustainability certifications and align their practices with international standards, thereby reinforcing the credibility and competitiveness of the region’s tourism industry.

Regional Collaboration And Future Prospects

The I-STARS project extends beyond Cyprus, also benefiting tourism enterprises in Greece, Ireland, Italy, and Spain. This cross-regional effort not only fosters innovation but also ensures the enduring resilience of the European tourism ecosystem. To further illustrate its success, Keve has released a series of short videos on its YouTube channel, highlighting inspiring stories of local businesses that have embraced the green transition.

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Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

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The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”