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Cyprus HRDA Launches Pivotal EU-Funded Training Initiative for NEETs

by THEFUTURE.TEAM

The Human Resource Development Authority of Cyprus (HRDA) has embarked on a major initiative aimed at transforming the prospects of young people classified as NEETs (not in education, employment, or training). Through a public tender process, HRDA has formalized an agreement with the M.M.C Management Center Ltd and EDITC Ltd Consortium to implement comprehensive training programmes across Cyprus.

EU-Funded Programme Under the Cohesion Policy

The project, entitled “Training Programmes For Young People Not In Education, Employment Or Training (NEETs),” is executed under the Cohesion Policy Programme “Thalia 2021-2027” and benefits from co-funding by the European Union. The initiative is set to reach 2,800 young individuals across all provinces, with a target completion date of October 15, 2028.

Comprehensive Curriculum Designed For Modern Workforce Demands

The training modules have been meticulously designed to cover essential areas, ranging from fundamental linguistic and mathematical proficiency to advanced horizontal skills. These horizontal competencies include communication, problem-solving, critical thinking, teamwork, time management, creativity, interpersonal relations, as well as practical job-related skills such as curriculum vitae preparation and interview techniques.

Eligibility And Support Measures

The programmes are open to individuals aged 15 to 29 who are registered as NEETs and are currently listed as unemployed in the register maintained by the Public Employment Service (PES) of the Ministry of Labour and Social Insurance. Importantly, participants will not bear any costs for the training. In addition to receiving a training allowance, they will also be provided with supplemental financial support to cover travel and other related expenses.

Driving Economic and Social Transformation

This initiative is not only a significant move towards enhancing the employability of Cyprus’s youth but also reinforces the country’s commitment to fostering inclusive growth and social development. By equipping young people with essential skills and competencies, the programme positions them to navigate the evolving demands of the modern labour market.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

by THEFUTURE.TEAM

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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