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Cyprus Ranks Among Lowest in EU Renewable Electricity Generation Amid Declines

by THEFUTURE.TEAM

June 23, 2025

Overview Of EU Renewable Energy Trends

Recent data from Eurostat reveals significant shifts within the European Union’s renewable energy landscape during the first quarter of 2025. Despite the overall EU average reaching 42.5% in net electricity production from renewable sources, a noticeable decline from 46.8% in the previous year, Cyprus found itself near the bottom of the member state rankings.

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Cyprus’ Position In The Renewable Energy Spectrum

Cyprus has recorded the fourth lowest share of renewable energy, trailing behind nations such as the Czech Republic, Malta, and Slovakia. This ranking underscores the challenges faced by the island nation in its transition towards a greener energy mix, particularly in an era when wind and hydroelectric power have experienced significant setbacks.

Comparative Analysis Among EU Member States

Conversely, leading the charge are Denmark with an impressive 88.5% and Portugal at 86.6%, followed by Croatia at 77.3%. The stark contrast in performance highlights not only diverging national strategies for renewable integration but also the varying levels of technological and infrastructural readiness across the EU.

Underlying Factors And Sectoral Implications

Eurostat attributes the overall reduction in renewable share predominantly to a downturn in hydroelectric and wind power generation. Notably, Greece witnessed a dramatic 12.4% drop, Lithuania 12%, and Slovakia 10.6%. These declines signal a broader trend of volatility in renewable sources, potentially influenced by seasonal fluctuations, infrastructure challenges, or broader economic dynamics affecting investment in green technologies.

Concluding Thoughts

As EU nations navigate these challenges, the divergent performances offer key insights into the trajectory of renewable energy investments and policies. For Cyprus, the data serves as a clarion call to reassess and reinvigorate efforts in its renewable sector, ensuring alignment with both environmental objectives and long-term energy security goals.

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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.