Keve To Host Lithuanian Women Business Delegation In Nicosia

by THEFUTURE.TEAM

August 11, 2025

Event Overview And Strategic Importance

The Cyprus Chamber of Commerce and Industry (Keve), acting as coordinator for the Enterprise Europe Network Cyprus, is set to host a high-profile women’s business delegation from Lithuania on September 24, 2025. This initiative, organized in collaboration with the Klaipeda Chamber of Commerce and Industry, underscores a commitment to strengthening cross-border cooperation and advancing women’s entrepreneurship within the European economic landscape.

Opportunities For Meaningful Networking And Expansion

Held on the first floor of the Keve building in Nicosia, the event will convene a diverse group of entrepreneurs, senior executives, and representatives from professional associations. Participants will have the invaluable opportunity to engage with Lithuanian business leaders, explore potential collaborative ventures, and tap into new market insights pertinent to the Baltic region. The forum is designed to foster robust international partnerships backed by strategic dialogue and market intelligence.

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Enabling Global Business Connectivity

In line with the objectives of the Enterprise Europe Network, the event advocates internationalization, innovation, and networking, specifically targeting small and medium-sized enterprises and women entrepreneurs. The session, conducted in English and scheduled to commence at 10:00 a.m., will offer a detailed agenda to registered participants by early September. In addition, key Lithuanian companies have been listed in the official circular, serving as a testament to the event’s depth and regional relevance.

Call To Action For Interested Parties

Participation is offered free of charge, and those interested are encouraged to register by September 22, 2025. Organizations that champion entrepreneurship and international relations are also invited to join this initiative, which promises to be a catalyst for strategic European collaboration. For further details, interested parties may contact the organizers directly via phone or email.

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EU Adopts New Package Travel Rules With 14-Day Refund Requirement

by THEFUTURE.TEAM

April 3, 2026

The Council of the European Union adopted updated rules on package travel, introducing stricter requirements for refunds, transparency and consumer protection across member states. Updated provisions revise the existing directive and define obligations for travel providers offering bundled services such as flights, accommodation and transfers.

Clarifying The Package Travel Directive

The updated directive clarifies the definition of package travel and excludes certain linked travel arrangements from its scope. Coverage applies to services sold as a single product, including combinations of transport, accommodation and additional services. This revision standardizes how travel products are classified and clarifies rights and obligations for both providers and consumers at the point of purchase.

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Enhancing Transparency And Consumer Rights

New rules require providers to disclose key information before and during travel, including payment terms, visa requirements, accessibility conditions and cancellation policies. These disclosures aim to reduce disputes and improve consumer awareness. Defined refund timelines include a 14-day period for cancellations due to extraordinary circumstances and up to six months in cases of organiser insolvency. The measures address gaps identified in earlier versions of the directive.

Ensuring Accountability And Trust In Travel Services

Organisers must implement complaint-handling systems and provide clear information on insolvency protection under the updated framework. These provisions aim to improve accountability across the travel sector. Previous disruptions, including the collapse of Thomas Cook and travel restrictions during COVID-19, exposed weaknesses in refund processes and consumer protection. Updated rules respond to those issues.

Implications For Cyprus And The Broader Industry

Tourism accounts for approximately 14% of Cyprus’s GDP, with package travel playing a central role in visitor flows. Major operators such as TUI and Jet2 provide structured travel offerings that support demand. Such operators contribute to revenue stability and help extend the tourism season by securing transport and accommodation in advance. Greater regulatory clarity may support continued sector growth.

A Model For Future Consumer Protection

Clearer rules on vouchers, refunds and insolvency protection now apply across the European Union. These measures aim to reduce consumer risk in cross-border travel. Implementation across member states will determine the impact on both consumers and travel providers. The framework may influence future regulatory approaches in the sector.

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