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Cyprus’ Labour Ministry Highlights AI’s Growing Role In Employment

by THEFUTURE.TEAM

February 21, 2025

At a ministerial conference in Gdańsk, Cyprus’ Labour Minister Yiannis Panayiotou underscored the transformative impact of artificial intelligence on the workforce, calling for policies that drive innovation while preventing new inequalities.

Speaking at the event, organized by Poland’s EU presidency, Panayiotou stressed the need to enhance AI capabilities across the employment sector. He highlighted the importance of equipping both employers and employees with the skills to leverage AI effectively, boosting productivity across Europe’s economy.

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Cyprus has taken proactive steps to ensure responsible AI adoption, including the formation of a dedicated AI Taskforce aimed at integrating AI into the country’s labor market. This initiative aligns with broader European goals of sustainable digital transformation while maintaining social justice principles.

During the conference, Panayiotou met with Oliver Röpke, president of the European Economic and Social Committee (EESC), to discuss AI’s role in reshaping workplaces. Their conversation covered the opportunities and risks AI presents for employees and businesses, a key focus for the ministry as Cyprus prepares for its upcoming European presidency.

With AI rapidly reshaping industries, Cyprus is positioning itself as a leader in responsible AI implementation, ensuring technology serves both economic growth and social fairness.

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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.