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Cyprus-Israel Electricity Link Agreement: A Game-Changer in Energy Security

by News Editor

May 5, 2025

An influential agreement to integrate the electricity grids of Cyprus and Israel is projected to be signed by 2025, as confirmed by the Israeli Prime Minister’s office. This ground-breaking deal is a pivotal element of the India-Middle East-Europe Economic Corridor (Imec), a broader initiative enhancing energy connections across continents.

Laying the Foundation for Energy Security

In a recent meeting, Israel’s Prime Minister Benjamin Netanyahu and Cyprus President Nikos Christodoulides, alongside their energy ministers, discussed the plan to lay an undersea cable. This vital infrastructure will not only connect the two nations but will also link Cyprus to mainland Europe, expanding routes for energy exchange between East and West.

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The interconnection is necessary for energy security, particularly for Israel, often referred to as an ‘energy island’ due to its isolated power grid. This strategic link offers a new avenue for energy distribution and security.

Broader Implications of the Imec Initiative

Once integrated, this electricity link will contribute significantly to the worldwide Imec initiative, a U.S.-led project designed to solidify ties between India, the Middle East, and Europe. The plan also included deep discussions on how to resolve the shared Aphrodite-Ishai natural gas field, with a final agreement anticipated soon.

Such developments complement ongoing discussions about the energy landscape and market dynamics, similar to how OPEC+ decisions affect oil prices, as highlighted in another analysis.

Humanitarian Aspects at the Forefront

Leaders also emphasized humanitarian efforts in Gaza, with President Christodoulides advocating for a consistent aid channel through Cyprus, proposing an ongoing framework for humanitarian collaboration.

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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.