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Cyprus Energy Minister Concerned Over Potential Withdrawal Of €657 Million EU Subsidy

by THEFUTURE.TEAM

July 5, 2024

Cyprus’ Energy Minister has expressed significant concern regarding the potential withdrawal of a crucial €657 million subsidy from the European Union, earmarked for the EuroAsia Interconnector project. This development poses a substantial risk to Cyprus’ energy strategy, potentially undermining efforts to enhance energy security, diversify energy sources, and transition to a more sustainable energy future.

The EuroAsia Interconnector aims to link the electricity grids of Cyprus, Israel, and Greece through a subsea cable. This project is designed to end Cyprus’ energy isolation, integrate renewable energy sources, and provide a reliable energy supply. It is also strategically important for the EU, contributing to broader goals of energy security, market integration, and sustainability within the region.

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The Energy Minister’s concerns arise from indications that the European Commission might reconsider the funding due to delays and uncertainties surrounding the project’s implementation. The potential withdrawal of the subsidy would jeopardise the project’s viability and the benefits it promises. The minister emphasised the critical nature of the funding for overcoming the financial and logistical challenges inherent in such a large-scale infrastructure project.

Cyprus has been aligning its energy policies with EU directives, focusing on reducing greenhouse gas emissions, increasing renewable energy, and improving energy efficiency. The EuroAsia Interconnector is crucial for these efforts, expected to facilitate the integration of renewable energy, reduce reliance on fossil fuels, and lower electricity costs for consumers. Losing EU support would complicate these objectives, potentially delaying Cyprus’ energy transition.

The Cypriot government is likely to intensify diplomatic efforts to reassure the European Commission of its commitment to the project. This may involve presenting revised timelines, demonstrating progress, and addressing any concerns about project management. Ensuring transparency and effective communication with EU officials will be crucial.

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Elevating Infant Nutrition: Nara Organics Unveils Premium Organic Formula

by THEFUTURE.TEAM

July 30, 2025

The Origins Of A Vision

When Esther Hallam welcomed her daughter Nara into the world, she immediately confronted a formidable challenge: identifying a trustworthy, high-quality organic infant formula. In a U.S. market dominated by cost-cutting practices—such as the use of skim milk supplemented with oils to meet nutritional standards—Hallam observed a disconnect between established availability and uncompromised quality. Research linking corn syrup to obesity and palm oil to reduced calcium absorption only reinforced her resolve to seek a safer alternative.

Redefining Industry Standards

Frustrated by the limitations of existing options, Hallam devoted seven years to developing an organic, whole-milk formula with the expertise of leading scientists and pediatric nutritionists. Nara Organics distinguishes itself by offering the highest percentage of milk fat of any formula on the U.S. market and a significantly reduced reliance on plant-based oils. The carefully selected blend of organic sunflower, coconut, and rapeseed oils not only meets nutritional needs but also minimizes potential health risks inherent to additives like palm oil, soy, and corn syrup.

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Manufacturing Excellence In Germany

Rather than manufacturing domestically—a decision influenced by previous concerns over Cronobacter contamination in American facilities—Nara Organics leverages the advanced, oxygen-controlled production environment of a German facility, widely regarded as the birthplace of powdered infant formula. Chief Marketing Officer Meika Hollender detailed that their unique manufacturing process, which minimizes oxygen exposure during can sealing, substantially extends shelf life and preserves formula integrity, setting a new standard in infant nutrition.

Strategic Investment And Market Impact

Backed by $32 million from prominent investors including AlleyCorp, BBG Ventures, Corazon Ventures, Gingerbread Capital, and Torch Capital, Nara Organics has also garnered support from high-profile celebrity investors such as Serena Williams, Gina Rodriguez, and Nicky Hilton. This robust investment positions the company at the vanguard of an organic infant formula market projected to grow from $20.7 billion in 2023 to $37 billion by 2032.

Enhancing Consumer Accessibility And Community Commitment

Nara Organics is available for purchase directly via its website, subscription models, and a dedicated mobile app that assists parents in tracking essential aspects of infant care. To underscore its commitment to community well-being, the company is donating over 1,400 cans of formula to the Good+ Foundation, which strives to alleviate multi-generational poverty by providing essential services to under-resourced families.

By merging state-of-the-art production with a commitment to organic, high-quality ingredients, Nara Organics is poised to redefine the benchmarks of infant nutrition in a competitive, evolving market.