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CySEC Advances Financial Literacy in Cyprus as Global Money Week 2025 Unfolds

by THEFUTURE.TEAM

May 29, 2025

Empowering the Next Generation

The Cyprus Securities and Exchange Commission (CySEC) has significantly advanced financial literacy among young Cypriots, reaching more than 1,700 students through a series of meticulously structured lectures. Undertaken as part of Global Money Week 2025, this initiative has engaged both primary and secondary school students across the nation, emphasizing the critical importance of sound money management and digital financial safety.

Engaging Educational Outreach

Over the past eighteen months, CySEC has orchestrated three rounds of educational sessions, with the latest two-month period alone drawing over 600 participants to interactive, officer-led discussions. These sessions laid a strong foundation in fundamental financial concepts—covering the virtues of saving, prudent money management, and the necessity for well-informed financial decisions. Notably, secondary school students received enhanced guidance on navigating digital pitfalls, including safeguarding against online scams and the potentially misleading influence of social media figures.

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Strategic Digital and Media Integration

CySEC’s comprehensive approach extends beyond the classroom. In parallel with school lectures, the commission has rolled out dedicated sessions for parents and educators while also launching a new section on its official website’s Financial Education Hub. This repository of educational materials is designed to further bolster financial literacy initiatives.

Media outreach has played a pivotal role in amplifying the campaign’s message. CySEC Chairman George Theocharides, alongside Elena Karkoti and Vice-Chairman Panikkos Vakkou, contributed to extensive coverage through television appearances on major national channels, incisive opinion pieces in print and digital platforms, and a targeted two-week social media effort. These strategic communications have been essential in extending the campaign’s reach, highlighting contemporary challenges such as digital financial risks and the nuances of modern money management.

Leadership and Forward Vision

Chairman Theocharides, who also engaged audiences at the University of Limassol during Global Money Week, praised the scale and quality of the educational programs. “This year’s program focused on the risks present in the digital financial environment—protecting against online scams, recognizing the perils of finfluencers on social media, and ensuring investor protection from misleading practices,” he noted. He further asserted that the enthusiastic response from young people reinforces CySEC’s commitment to ongoing educational efforts.

Overall, CySEC’s initiative underscores a robust, forward-thinking strategy aimed at fostering financial literacy from an early age. By integrating traditional classroom outreach with cutting-edge digital communication strategies, the commission is setting a benchmark in educational excellence and providing a roadmap for financial security in a rapidly evolving digital era.

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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.