Breaking news

Cyprus Gears Up for a Hi-Tech Future: Innovation Takes Center Stage

by News Editor

May 16, 2025

Cyprus is making waves in the tech industry with a dedicated approach to nurturing innovation and technological advancement. At the forefront of this movement, President Nikos Christodoulides has pledged strong government support for entrepreneurs at the recent Reflect Festival 2025, held in Limassol.

Reflect Festival 2025: A Confluence of Ideas

This two-day event attracted over 10,000 participants, including more than 250 investors and an equal number of speakers from around the globe, underscoring Limassol’s burgeoning reputation as a tech hub not just for Cyprus but the entire region. The island nation stands out with a multilingual skilled workforce and competitive access to European markets.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

A Growing Tech Ecosystem

With an eye on the future, Cyprus has launched strategic initiatives to strengthen its tech ecosystem, aiming to reduce bureaucratic hurdles and enhance the regulatory environment. This initiative aligns closely with ongoing efforts to leverage Cyprus joining the Schengen Area, fostering stronger connections within Europe.

Seizing Global Opportunities

President Christodoulides is actively promoting Cyprus as an emerging tech hub, from Silicon Valley to London. Feedback from international engagements has been promising, fostering potential dialogues and partnerships with tech communities across the globe.

A Bright Future Beckons

Leveraging its thriving economy and strategic global collaborations, Cyprus offers immense growth potential and is poised to become a magnet for innovation. As President Christodoulides emphasized, building such an ecosystem requires collaboration between the government and the innovative minds driving change in the tech world.

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.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

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.