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Italy Advances Plans For Ambitious Low-Orbit Satellite Constellation

Italy is charting a bold course in the space race, ramping up efforts to establish its low-orbit satellite constellation. In a significant development, the country has moved into phase 2 of its project, progressing beyond early feasibility studies, according to a source close to the matter.

This constellation, designed for both civil and military applications, will feature over 100 satellites. But what sets it apart is its interoperability—intended to work seamlessly with existing global satellite networks, rather than operating in isolation. “The goal is integration, not independence,” the source clarified, noting that the constellation’s debut is unlikely to occur before 2031.

In early March, Italy’s space agency submitted a preliminary feasibility report to the government, ahead of the initially set summer deadline. With phase 2 now underway, Italy is entering negotiations with key industry players, including Leonardo, the state-backed aerospace and defense giant. Leonardo is expected to play a critical role in the design and construction of the satellite network.

While details remain scarce, the project reflects Italy’s growing ambition to bolster its presence in space and enhance its strategic capabilities. The involvement of major defense contractors signals the project’s dual-use nature, aimed at serving both civilian needs and military requirements.

As the clock ticks towards 2031, Italy’s satellite constellation will be a key piece in its evolving space strategy. For now, all eyes are on the next steps as the country takes bold strides toward solidifying its role in the new space economy.

Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

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.

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.

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