Our project entitled“Developing and enhancing leadership skills for young managers in times of crisis: an innovative training package for European young professionals” is addressed to young people aiming to develop or enhance their leadership skills. In the rapidly changing and unstable business environment that EU firms operate nowadays, there is a fundamental shift in how organizations compete and in how they are managed. In this new era of economic uncertainty, leadership becomes critically important, as great leaders are the basis of all business achievements. Companies globally are striving to identify and develop outstanding leaders to face the challenges of a highly volatile market and do more with less. Thus older models of leadership are not appropriate. This project entitled YOUNG LEADERS will train Young Business Leaders (YBLs-University graduates trying to enter into the workforce, young professionals who want to progress to senior management positions and would-be entrepreneurs) to develop their leadership skills. The main aim of YOUNG LEADERS is to provide a coherent, innovative and complete training package to young people in Cyprus, Lithuania, Bulgaria and Latvia on new leadership skills needed during turbulent economic times. The training material, which will be developed by an academic/research team of Panteion University in Greece, will be transferred to the other four EU partners involved. Each partner will adjust this training package within their local environment, taking into account cultural, language, business-related and other factors that are relevant to their own country. At the end of the project, the final product will be a complete YOUNG LEADERS training package, which will be available both electronically and in hard copy.