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AI Wave Initiative Set To Propel Cypriot Digital Transformation

by THEFUTURE.TEAM

June 30, 2025

Overview Of The AI Wave Initiative

The Research and Innovation Foundation (RIF) has embarked on a strategic market sounding exercise, inviting Cypriot enterprises to assess the potential of its forthcoming funding programme, Ai Wave. This pioneering initiative is designed to support businesses in integrating advanced artificial intelligence technologies, thereby augmenting operational efficiencies and modernizing traditional business models.

Driving Digital Transformation

Central to the AI Wave programme is the ambition to catalyze digital transformation across Cyprus’s diverse business landscape. By facilitating the adoption of cutting-edge AI solutions, Rif aims to propel productivity improvements and significantly upgrade operational frameworks of enterprises across all sectors.

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Engaging With The Market

Rif is actively soliciting feedback from a wide spectrum of Cyprus-based companies—from small enterprises to large conglomerates—that are interested in tailor-made AI implementations. This initiative also welcomes participants aiming to adopt proven AI solutions developed in previous RIF-funded projects. All responses will be treated with the utmost confidentiality and will exclusively serve the purpose of refining this innovative programme.

How To Participate

Interested businesses are encouraged to contribute to this transformative effort by completing the online questionnaire available until July 11, 2025, at 13:00. Participation provides a unique opportunity to influence the development of a programme poised to redefine operational excellence in the region. Access the survey via the following link: Complete the Questionnaire.

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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.