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Cyprus Stock Exchange Initiates Certification Process For Energy Clearers

by THEFUTURE.TEAM

June 23, 2025

The Cyprus Stock Exchange (CSE) has unveiled a significant development in the energy sector with the introduction of a mandatory certification process for energy clearers within the competitive electricity market (CEM). This strategic initiative aims to bolster market integrity and operational transparency.

Structured Certification And Examination

The certification process commences with an online seminar scheduled for July 3, 2025. During this session, participants will gain an in-depth understanding of the clearing terms that govern the competitive electricity market. A subsequent written examination, set for July 15, 2025, will assess the applicants’ proficiency in these regulatory frameworks through a multiple-choice format.

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Mandatory Prerequisite For Clearing Membership

Certification is a compulsory criterion for all entities aspiring to become registered Clearing Members in the CEM. The CSE has emphasized the importance of submitting applications promptly, as the registration process involves several stages and requires collaboration with multiple competent authorities beyond the CSE.

Application Guidelines And Fee Structure

Prospective applicants must complete their registration by sending a request to Energyclearing@cse.com.cy no later than July 2, 2025, along with a fee of €150. Payments are to be directed to one of the designated accounts at either the Bank of Cyprus Public Company Ltd or Hellenic Bank Public Company Ltd, as detailed on the CSE’s official website.

Comprehensive Preparatory Materials

To ensure full preparedness, the CSE has published the key topics that will be addressed during the seminar and examined in the written test. These include critical segments from the CEM Regulations such as Appendix 1.3 on “Market Clearing Position Terms,” along with its sub-sections focusing on risk management procedures and enforcement measures. In addition, candidates must familiarize themselves with various technical procedures covering membership acquisition and exit, monetary settlements, professional competencies, and the operational protocol of the Default and Crisis Management Committee.

All relevant materials are available on the official Cyprus Stock Exchange website under the electricity market regulations section, providing a valuable resource for prospective energy clearers as they prepare for the certification process.

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Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

by THEFUTURE.TEAM

September 12, 2025

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

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Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.