EAC Supply And Cyprus Energy Agency Launch €5.5 Million AHK+ Grant Initiative For Energy Efficiency Overhaul

by THEFUTURE.TEAM

December 12, 2025

Accelerating the Green Transition

EAC Supply, in collaboration with the Cyprus Energy Agency, has announced the launch of the groundbreaking AHK+ Grant Scheme. Designed to support businesses, local authorities, and vulnerable households in Cyprus, this initiative marks a significant step toward a cleaner, more efficient energy future.

Targeted Upgrades for Immediate Impact

The scheme is strategically divided into two categories. Category A focuses on the rapid replacement of outdated lighting fixtures with modern LED technology. Businesses, organizations, and local authorities are encouraged to upgrade their lighting systems by subsidizing LED panels (60x60cm) at a grant rate of €30 per unit and round LED panels (17cm) at €20 per unit. This targeted investment is crafted to curtail unnecessary energy consumption immediately.

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Enhancing Comfort and Efficiency for Vulnerable Households

Category B is tailored exclusively for vulnerable AHK Supply customers under Tariff 08. By subsidizing the replacement of older, energy-intensive air-conditioning units with high-efficiency models rated A++ or A+++, the scheme ensures that these households not only experience enhanced comfort but also enjoy long-term energy savings. Grants under this category vary between €170 and €470 per unit, reflecting the capacity of the new device installed.

Robust Funding and Streamlined Application Process

Boasting a total budget of €5.5 million, with €4.5 million allocated to lighting and €1 million directed toward air-conditioning replacements, the AHK+ Grant Scheme is set to run for three years. Applications are accepted through the dedicated electronic platform until September 30, 2028, or until the funds are fully depleted. Interested parties should consult the scheme’s official platform and review detailed guidelines available in the official guide.

The Future of Energy Efficiency in Cyprus

This initiative not only promises immediate economic and environmental benefits but also demonstrates a forward-thinking model for energy efficiency. By strategically investing in modern lighting and air-conditioning systems, Cyprus is setting a benchmark for smart energy management and sustainable growth across sectors.

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Sir Stelios Haji-Ioannou Elevates Bi-Communal Business Awards to €500,000

by THEFUTURE.TEAM

January 9, 2026

Empowering Cross-Community Entrepreneurship

Sir Stelios Haji-Ioannou is set to once again champion bi-communal economic collaboration in Cyprus, announcing the 16th edition of the Stelios Bi-Communal Awards for Business Co-operation with an increased total prize fund of €500,000. This prestigious accolade reaffirms Sir Stelios’ enduring commitment to fostering harmonious business relations between Greek Cypriot and Turkish Cypriot entrepreneurs.

Enhanced Financial Incentives for Sustainable Growth

In a strategic move to further strengthen cross-community partnerships, the award structure has been augmented for the second consecutive year. Eighteen entrepreneurs, organized into nine bi-communal teams, will compete for substantial financial backing designed to stimulate reinvestment, growth, and stability in their business ventures.

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Structured Award Categories and Prize Distribution

The awards program delineates three categories of recognition. The Gold category allocates a total of €150,000, awarding €75,000 to each entrepreneur in a winning team. Two teams will share the Silver prize, receiving a cumulative €200,000, each member earning €100,000. Meanwhile, six teams competing for the Bronze award will see a combined allocation of €150,000, translating to €25,000 per team or €12,500 per entrepreneur.

A Clear Path to Application

Applications open on January 8, 2026, and will remain accessible until April 30, 2026. Interested candidates are invited to download the application form and submit the completed document via email to Marios Missirlis at the provided contact address. Eligibility extends to Greek Cypriot and Turkish Cypriot business owners with an annual turnover of at least €10,000 and a functioning business staff beyond the owner. Moreover, applicants must provide documentation substantiating joint business endeavors in both communities. Notably, past winners and previous applicants are encouraged to reapply.

A Celebration of Shared Vision and Prosperity

The winners will be announced by Sir Stelios on June 4, 2026, at the Head Offices of the Stelios Philanthropic Foundation in Nicosia. Sir Stelios emphasizes that these awards transcend mere financial incentives, embodying the transformative power of entrepreneurship to bridge historical divides and cultivate a forward-looking economic landscape in Cyprus.

A Legacy of Peace and Progress

Now marking 16 years of bi-communal cooperation, the Stelios Awards have grown to an impressive cumulative value of €5.3 million. They are a cornerstone in a suite of initiatives by the Stelios Philanthropic Foundation—an organization dedicated to supporting charitable causes and innovative ventures across Cyprus, Greece, the UK, Ireland, Monaco, and France. Alongside the Business Co-operation Awards, the Foundation also extends its support to young entrepreneurs and addresses critical social needs through programs such as the “Food from the Heart” initiative.

Conclusion

In backing these cross-community efforts, Sir Stelios Haji-Ioannou not only invests in business excellence but also promotes dialogue, shared responsibility, and peace. The enhanced prize fund serves not merely as a financial boost but as a powerful endorsement of the role that united, innovative efforts play in shaping a prosperous and cohesive Cyprus.

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