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Green Business Innovation Challenge: Empowering Sustainable Enterprise

Overview

The Cyprus Chamber of Commerce and Industry (Keve) has extended an exclusive invitation to local enterprises for an upcoming workshop designed to accelerate sustainable practices and enhance competitive edge. Under the auspices of the European SUSTAINET project and the Erasmus+ initiative, this event marks a significant step toward bolstering the green transition in the region.

Fostering Innovation and Corporate Responsibility

Entitled the Green Business Innovation Challenge, the workshop will bring together small and medium-sized enterprises (SMEs) with industry experts, mentors, and key stakeholders within the sustainability ecosystem. Participants will explore cutting-edge trends in sustainable business and learn how to leverage Corporate Social Responsibility as a strategic tool for market differentiation.

Interactive Collaboration and Expert Guidance

Slated for Friday, March 27, 2026, from 09:00 to 15:30 at the Elias Beach Hotel in Limassol, the event will proceed in a face-to-face format with sessions conducted in Greek. Delegates will engage in interactive sessions and co-creation workshops to devise pragmatic solutions to real-world business challenges, while also tapping into expert guidance and networking opportunities with institutional bodies and other industry leaders.

Unlocking Funding Opportunities and Sustainable Practices

The program is set to illuminate how sustainable practices can enhance overall business competitiveness, complemented by detailed insights into modern green business methods and potential funding opportunities for companies transitioning to eco-friendly operations. The initiative is further supported by the pilot development of Green Business Innovation Centres in Cyprus, Greece, and Bulgaria, which serve as robust infrastructural hubs to foster sustainable entrepreneurship.

Registration and Further Details

Although the workshop is free, registration is mandatory and must be completed by March 25, 2026. More comprehensive information about the SUSTAINET project and its strategic objectives is available on the official project website.

Cyprus’ Poverty And Social Exclusion Risk Stands At 17.1%

Cyprus recorded a poverty or social exclusion risk rate of 17.1% in 2025, below the European Union average of 20.9%, according to new Eurostat figures. Across the bloc, however, more than 92 million people continued to face the risk, highlighting persistent social and economic inequalities.

More Than 92 Million People At Risk Across The EU

A total of 92.7 million people across the EU were at risk of poverty or social exclusion in 2025, equivalent to just over one in five residents.

Cyprus is treated as a single statistical region because of its size, unlike many member states divided into multiple regions for comparison. Its national figure therefore provides an overall picture but does not capture differences between districts or communities.

Regional Gaps Remain Stark Across Europe

The risk varied considerably across the EU, with the highest rates concentrated largely in southern, eastern and outermost regions. In 24 of the 243 regions with available data, at least 31.5% of the population faced poverty or social exclusion.

These regions were located in Spain, Bulgaria, Greece, Italy, France and Romania, as well as Brussels in Belgium and Bremen in north-western Germany.

French Guiana recorded the highest rate, at 54.8%, followed by Calabria in southern Italy at 45.3% and Sicily at 44%. Melilla, a Spanish autonomous city, recorded 43.7%, while Réunion, another French outermost region, stood at 42.3%.

Central Europe Records The Lowest Rates

At the other end of the scale, 24 regions reported poverty or social exclusion risk rates below 13% in 2025. These included five eastern EU capital regions: Bratislava in Slovakia, Warsaw in Poland, Prague in the Czech Republic, Budapest in Hungary and Zagreb in Croatia.

Other regions with low rates were concentrated in northern Italy, the Czech Republic, northern Belgium, Hungary, Poland and Austria, illustrating the uneven distribution of economic security across Europe.

Cyprus Remains Below The EU Average

Cyprus’ rate of 17.1% places it below the EU average, although it remains higher than the levels recorded in the bloc’s lowest-risk regions.

The figures suggest that Cyprus performs relatively well compared with the wider EU, but poverty and social exclusion remain significant challenges across the bloc, affecting more than 92 million people.

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