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Cyta Secures Cyprus’ Digital Future with Strategic LCA1 Data Centre Acquisition

by THEFUTURE.TEAM

May 23, 2025

Strengthening Digital Sovereignty

Cyta has taken a decisive step in bolstering Cyprus’ status as a regional digital infrastructure hub with its acquisition of Simplex’s flagship LCA1 data centre in Larnaca. As the country’s largest privately owned facility, LCA1 spans nearly 1,000 square metres and harnesses a power capacity approaching 1 megawatt, underscoring Cyta’s commitment to industry-leading standards.

World-Class Design and Certifications

The LCA1 data centre has been meticulously designed to meet Tier III standards, seamlessly integrating advanced physical and cyber security protocols alongside robust backup systems to ensure uninterrupted service. The facility’s green credentials are further demonstrated by its renewable energy capabilities. Additionally, the centre proudly meets international benchmarks with ISO 9001, ISO 14001, ISO 27001, and EMAS certifications, and it is a signatory to the Climate Neutral Data Center Pact (CNDCP).

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A Strategic Investment in Technological Infrastructure

According to Cyta, this acquisition fortifies its technological infrastructure, enhancing its capacity to deliver high-availability services to businesses, government entities, and international organizations across the region. Cyta CEO Andreas Neocleous remarked, “This acquisition is not just an investment in technology. It is a statement of intent. We want Cyprus to have control of its digital infrastructure and sovereignty over its data.”

Collaborative Vision for the Future

Neocleous emphasized that the move aligns with Cyta’s broader strategic vision to expedite service delivery while collaborating closely with the State and key stakeholders. “We are committed to building a digital, technologically advanced Cyprus—a progression that benefits everyone,” he added. This sentiment is mirrored by Simplex founder and CEO Michalis Omirou, who expressed confidence in Cyta’s ability to leverage its strong brand and extensive service portfolio to drive innovation and cement Cyprus’ regional digital hub status.

Positioning for Long-Term Success

Cyta’s acquisition of the LCA1 facility arrives amid an expansive phase that includes the growth of its proprietary submarine cable network and the development of a new green data centre. This strategic move not only underpins the company’s future-oriented roadmap but also reinforces Cyprus’ position as a critical nexus in regional data flows.

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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.