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 Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

by THEFUTURE.TEAM

June 24, 2026

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

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Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).

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