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Omiros Dairy Group Expands International Footprint With Strategic Cyprus Acquisition

Acquisition Marks A Strategic Milestone

Greek dairy powerhouse Omiros has taken a decisive step in its international expansion by acquiring the renowned Cypriot dairy company A. Hadjipieris Ltd through its subsidiary, Omiros Dairies Cyprus. This move not only fortifies its global presence but also strengthens its positioning in the Protected Designation of Origin (PDO) niche, celebrated worldwide for its high-quality dairy products.

Investment And Expansion Plans

The acquisition adds a third production facility to Omiros’ portfolio—the first establishment outside Greece—underscoring the firm’s commitment to growth and modernisation. With an initial investment phase valued at €5 million, the company is focusing on immediate expansion and facility upgrades, aiming to achieve an annual production capacity of 5,500 tonnes of PDO halloumi. Omiros has also outlined plans to secure industrial land for a state-of-the-art factory that is expected to boost capacity to 12,000 tonnes annually within three years, supporting job creation and local economic development.

Commitment To Local Values And Strategic Growth

Under the stewardship of Ioannis Billis, a seasoned dairy industry executive with substantial expertise in both Greece and Cyprus, the Cyprus project will not only drive operational growth but also reflect the enduring values of local tradition and cultural identity. The acquisition signals a pivotal moment as the third generation of the Giannitsis family embarks on a new journey, marked by innovation and excellence in the halloumi sector.

Path To International Leadership

Enhancing its strategic focus through subsidiaries such as Agrolact and Omiros Dairies Cyprus, the Omiros Group is evolving into a modern, vertically integrated, export-oriented enterprise. With a heritage of over forty years and a presence in more than twenty international markets, Omiros is well positioned to lead globally in the production of high-quality traditional dairy products. This ambitious expansion, with total projected investments in Cyprus reaching €30 million over the next five years, reaffirms Omiros’ commitment to fostering long-term growth and supporting the broader Cypriot economy.

AI Adoption Makes Employee Performance Harder To Assess, Survey Finds

Companies have rapidly adopted AI tools to improve productivity, but the technology is creating new challenges for managers, who say it is becoming harder to evaluate work, supervise teams and maintain control.

More than half of senior leaders surveyed said assessing employee performance had become more difficult since their organisations adopted AI, according to a Nielsen survey of 1,700 directors and senior managers across seven countries, commissioned by work-management software company Monday.com.

AI Makes Performance Harder To Measure

AI allows employees to produce polished work more quickly, making it harder for managers to distinguish between human effort and machine-generated output. Nearly half of respondents said they now spend more time reviewing and guiding their teams’ work.

Despite these challenges, enthusiasm remains high: 94% said they were excited about using AI to improve work.

Michal Miller Levi, head of market research and customer insights at Monday.com, said organisations were struggling to adapt their processes at the same pace as the technology.

“AI works very well for [managers] individually, but they also have a different role as managers. They need to drive the organization as well […] Their struggle is [due to] the fact that AI is just moving faster than the organizational processes,” she told TechCrunch.

Performance Reviews And AI Bias

AI is also changing how employee performance is evaluated. According to the survey, 78% of respondents had changed their performance criteria since adopting AI, placing greater emphasis on prompt-writing, deciding which tasks to delegate to AI and experimenting with new working methods.

At the same time, AI is increasingly involved in the evaluation process itself. Some 46% of managers said they use AI to inform decisions, while 39% use it to draft performance reviews.

This raises concerns about fairness and algorithmic bias. Research from the Luxembourg Institute of Socio-Economic Research found that, without clear objective standards, large language models tend to rate performance in ways that mirror human evaluators. A separate paper published in early 2025 found that AI models could exhibit biases against Black male candidates, with differences across social groups.

Levi said companies had yet to establish the right frameworks for managing these risks.

AI Adds To Managers’ Workloads

Managers are increasingly responsible for assigning tasks to AI agents, reviewing their output and intervening when systems make mistakes. This creates an additional layer of oversight, or “invisible labour”, on top of their existing responsibilities.

The software environment is also becoming more complex. Some 57% of managers said their organisations now use more tools than before AI adoption, while 51% reported greater interdependence between those tools. Only 29% described their AI infrastructure as fully optimised and centralised.

Rather than consolidating software, many companies are dealing with more applications, integrations and unauthorised AI tools used outside approved systems.

Governance Becomes The Next AI Challenge

The survey suggests that oversight will become even more important as businesses deploy increasingly autonomous AI agents. Some 58% of managers expect to oversee more AI agents than human employees within the next year, while 46% are concerned about losing control over their agents’ actions. Another 35% worry about being held responsible for decisions made by AI.

Levi said managers wanted human involvement in critical tasks and decisions, with AI supporting rather than replacing human judgement.

The findings point to a broader challenge for businesses: boosting productivity is only part of successful AI adoption. Companies also need clear processes, reliable infrastructure and accountability frameworks to ensure that faster output does not come at the expense of effective management.

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