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Alpha Bank: A Catalyst For Growth In Cyprus’ Real Estate Market

by News Editor

March 13, 2025

Alpha Bank’s ambitious vision is reshaping the financial landscape in Cyprus. Aiming to become the premier banking choice for Cypriot businesses and households, the bank is also using its strategic position as a springboard for international expansion. During a significant four-day visit, decoding the intricate market dynamics, the top brass of Alpha Bank met with key political and business leaders, including the President of Cyprus.

Strategic Moves And Expansion Plans

In light of its agreement to acquire Astrobank’s operations, Alpha Bank is gearing up for a robust expansion in the Cypriot market. The bank’s leadership, including Chairman Dimitris Tsitsiragos and Group CEO Vassilis Psaltis, outlined plans for organic growth in business and mortgage loans, alongside the introduction of innovative financial products and services.

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Innovative Solutions For Businesses

At a special event in Cyprus, the bank showcased its competitive edge, focusing on pioneering banking solutions that empower Cypriot businesses to thrive globally. Through its collaboration with UniCredit, Alpha Bank offers access to an expansive European network, specialized financing solutions, and innovative cross-border banking expertise.

As Cyprus endeavors to become a robust economic center, Alpha Bank’s initiatives promise a more dynamic financial ecosystem. The bank not only supports businesses but also helps households secure their futures and realize their dreams.

The Future Forbes Realty Global Properties

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.