Bank Of Cyprus Fortifies Talent Development With Third Year Of BoC Academy

by THEFUTURE.TEAM

January 9, 2026

Elevating Employee Expertise

The Bank of Cyprus has reaffirmed its commitment to empowering its workforce by announcing the third year of the BoC Academy, an initiative designed to cultivate skills in line with a rapidly evolving banking landscape.

Expanding Academic Horizons

Launched three years ago, the programme was established to strengthen competencies and broaden knowledge across the organisation. Since its inception, the Academy has grown in both scope and academic partnerships, underlining the bank’s proactive approach to staff development.

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Milestones And Strategic Partnerships

The academic year 2024–2025 marked significant milestones, including two graduation ceremonies: the first in June in collaboration with CIM Business School, and a subsequent ceremony in early December with the University of Cyprus. During this period, 26 employees successfully earned professional certificates in seven distinct disciplines, while four staff members secured full scholarships for the MBA postgraduate programme at the University of Cyprus.

Leadership Insight

Demetris Chr. Demetriou, Executive Director of People And Change, emphasized the bank’s collective achievements by stating, “We are proud of our people and what we achieve together.” Demetriou further described the BoC Academy as more than just a programme, calling it a “testament to our dedication and commitment to knowledge and continuous development.”

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.

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