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Cyprus Real Estate Association Champions Sector Reforms and Housing Policy

by THEFUTURE.TEAM

June 24, 2025

Constructive Dialogue With Leadership

In a statement released on Tuesday, the Cyprus Real Estate Developers Association emphasized the pivotal role of the island’s construction industry in driving economic and social progress. The association met with President Nikos Christodoulides, along with high-level government officials including Interior Minister Constantinos Ioannou, Migration Deputy Minister Nicholas Ioannides, Deputy Minister to the President Irene Piki, Government Spokesperson Konstantinos Letymbiotis, and Head of the President’s Press Office Victoras Papadopoulos.

Streamlining Processes for Growth

During the June 23 meeting, key discussion points centered on expediting the issuance of building permits. The association lauded the efforts by the Interior Ministry to simplify procedures and underscored the need for effective local government district operations. This initiative is seen as essential for maintaining the competitive edge of Cyprus’ real estate sector and bolstering the national economy.

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Addressing Housing Challenges

Housing affordability was a focal topic as Chairperson Yiannis Misirlis highlighted the urgency of resolving ongoing housing struggles. The association remains committed to ensuring access to affordable housing and has submitted further proposals aimed at enhancing public housing policy, reflecting a shared commitment between the public and private sectors.

A Vision for a Sustainable Future

In closing, Chairperson Misirlis expressed his gratitude to President Christodoulides for the productive dialogue. He reaffirmed the association’s dedication to contributing responsibly towards a modern, functional, and sustainable real estate sector, reinforcing its role as a critical driver of economic growth in Cyprus.

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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.