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Cyprus Seeks Investment: A Strategic Push To The US

by News Editor

March 14, 2025

Nikos Christodoulides, the President of the Republic of Cyprus, is poised to make a strategic visit to three American states aimed at bolstering the island’s investment landscape. This initiative takes center stage as Cyprus pursues its ambition of cementing stronger economic ties globally. Recently addressed in a significant meeting at the Presidential Palace with Alpha Bank representatives from Greece and Cyprus, the urgency of this investment mission was underscored.

President Christodoulides highlighted Cyprus as one of the EU’s fastest-growing economies with a 3.4% growth rate. With public debt reduction as a priority, the target is clear: decrease from 68% to 60% of GDP.

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Emphasizing the Government’s responsible economic strategies, Christodoulides remarked, “We cannot take economic stability for granted, especially given past errors.”

Another focus is tackling workforce limitations through strategic overseas campaigns, such as those launched in London, to attract back highly-skilled Cypriot professionals. Harnessing local talent is expected to propel innovation and enhance the economy’s resilience.

President Christodoulides’ upcoming journey is expected to forge new opportunities, drawing global investors’ attention to Cyprus’ burgeoning market.

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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.