20 May: G7 Conference and the importance for business in the world and especially in Cyprus 

On 20 of May 2025, the leaders of the world’s seven largest economies will meet as part of the annual G7 summit. This summit is a crucial point in shaping policies related to the global economy, trade, climate change and geopolitical challenges. 

The G7, made up of the US, Canada, Germany, France, Italy, Japan and the UK, accounts for about 45% of global GDP. Its importance is even greater in times of uncertainty, as the decisions taken there affect not only member countries, but also the global market. 

In 2025, key issues on the G7 agenda include tackling the economic slowdown, challenges from inflation and the energy transition. According to the World Bank, 2024 saw a slight recovery in emerging markets, but pressures from geopolitical conflict and the climate crisis continue to test the resilience of economies. 

For business, the results of the G7 can have a direct impact, notably through international trade, investment and technology arrangements. For example, decisions to promote green energy create new opportunities in markets for sustainable products and services. According to a recent IEA report, investment in clean energy is expected to reach $1.7 trillion in 2025, providing significant benefits to businesses moving in this direction. 

The G7 remains a pillar of cooperation and coordination, offering directions for a more stable and sustainable global economy. Businesses in Cyprus are invited to closely monitor developments, adapting their strategies with the help of business strategy consultants, to take advantage of the opportunities created, enhancing their resilience and growth.