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Kornos on the Rise: The €20 Million Transformation Vision

by News Editor

May 27, 2025

Revitalizing Kornos: A €20 Million Investment in Progress

Kornos is poised for a transformative period with groundbreaking projects valued at over €20 million now underway, as confirmed by Lefkara mayor Sofoklis Sofokleous. Aiming to usher in significant changes, this investment heralds a bright future for the community over the next few years.

Investing in Sports and Community Spaces

A key project within this development is the highly anticipated €18 million Sports Centre led by the Cyprus Football Federation (Kop). Recently granted planning permission, construction is set to commence in early 2026, targeting a 2028 completion. This state-of-the-art facility will boast a stadium accommodating 1,500 spectators, multiple training fields, and housing for athletes.

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In conjunction, a €2 million multipurpose venue is under construction, destined to fill a void in the community’s event-hosting capabilities. This venue will be equipped with conference rooms, an event hall, and essential parking amenities.

Embracing Tradition and Modernity

The municipality endeavors to preserve Kornos’ cultural heritage by converting historic sites into interactive museums focused on traditional crafts, like the art of red clay vase making. Education is also being prioritized, with talks underway to establish a Technical School in Kornos, as announced by President Nikos Christodoulides.

Future Prospects

Additional projects include a Citizen Service Centre and new public parks, enhancing lifestyle and community wellbeing. Discover more about how Cyprus continues to evolve with strategic investments in our latest housing market insights.

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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.