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Cyprus’ Labour Ministry Highlights AI’s Growing Role In Employment

At a ministerial conference in Gdańsk, Cyprus’ Labour Minister Yiannis Panayiotou underscored the transformative impact of artificial intelligence on the workforce, calling for policies that drive innovation while preventing new inequalities.

Speaking at the event, organized by Poland’s EU presidency, Panayiotou stressed the need to enhance AI capabilities across the employment sector. He highlighted the importance of equipping both employers and employees with the skills to leverage AI effectively, boosting productivity across Europe’s economy.

Cyprus has taken proactive steps to ensure responsible AI adoption, including the formation of a dedicated AI Taskforce aimed at integrating AI into the country’s labor market. This initiative aligns with broader European goals of sustainable digital transformation while maintaining social justice principles.

During the conference, Panayiotou met with Oliver Röpke, president of the European Economic and Social Committee (EESC), to discuss AI’s role in reshaping workplaces. Their conversation covered the opportunities and risks AI presents for employees and businesses, a key focus for the ministry as Cyprus prepares for its upcoming European presidency.

With AI rapidly reshaping industries, Cyprus is positioning itself as a leader in responsible AI implementation, ensuring technology serves both economic growth and social fairness.

Bank Of Cyprus Named Best Sub-Custodian Bank In Cyprus 2026 By Global Finance

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Bank of Cyprus has been named “Best Sub-Custodian Bank in Cyprus 2026” by Global Finance, one of the world’s leading international financial publications, reinforcing the Bank’s strong position in Cyprus’ custody and post-trade services market.

The award recognizes excellence across key areas of asset servicing, including operational efficiency, technology, client service and regulatory expertise. The award highlights financial institutions that consistently provide high-quality custody solutions and effectively respond to the increasingly complex needs of institutional and private investors.

The distinction reflects Bank of Cyprus’ commitment to safeguarding client assets and delivering reliable, high-quality custody and depositary services to institutional and private investors. It also acknowledges the Bank’s ongoing investment in innovative, client-focused post-trade solutions, underpinned by strong governance, regulatory compliance and extensive market expertise.

Recognising Excellence in Asset Servicing

Commenting on the recognition, Despina Kyriakidou, Treasury Director at Bank of Cyprus, said:

“This award is an important recognition of the expertise, commitment and consistently high standards of our teams. Custody and depositary services are fundamentally built on trust, reliability and the ability to navigate an increasingly complex investment and regulatory environment. At Bank of Cyprus, we continue to invest in our capabilities and technology, while remaining focused on the evolving needs of our clients. This distinction by Global Finance reinforces our commitment to providing secure, efficient and high-quality solutions to institutional and private investors.”

Comprehensive Custody And Depositary Services

Bank of Cyprus is a leading provider of custodian services to institutional and private investors, supported by a highly experienced and specialised team with extensive knowledge of the local and international investment environment. The Bank supports a broad range of investment activities through comprehensive asset safeguarding and tailored servicing solutions.

Its offering also includes specialised Depositary services for Collective Investment Funds, including UCITS and Alternative Investment Funds (AIFs), providing cash monitoring, safekeeping and oversight services that support domestic and international clients in navigating increasingly complex global markets safely and efficiently.

The award further strengthens Bank of Cyprus’ position as a trusted partner to the financial and investment industry and reflects its ongoing commitment to service excellence, innovation and the highest standards of asset servicing.

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