Wolt Drivers Protest In Limassol Over Falling Pay And Safety Risks

by THEFUTURE.TEAM

March 23, 2026

Labor Protest Highlights Drivers’ Plight

In Limassol, Cyprus, delivery drivers for Wolt have staged a protest, expressing deep concerns over diminishing wages and a lack of corporate support amid escalating safety risks. The protest, which unfolded on Friday, is emblematic of a broader struggle among gig workers against challenging working conditions in the modern delivery economy.

Calls For Change Amid Safety And Wage Concerns

Drivers from across the city joined the protest and warned it could expand to other areas in Cyprus if their demands are not addressed. According to participants, earnings have been under pressure since 2021, while safety concerns have grown, including reports of harassment, physical incidents and interference with deliveries that have led to vehicle damage. One representative described the protest as a call for change, noting that drivers plan to continue raising the issue until concrete measures are introduced.

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Government And Corporate Responses

Authorities introduced additional safety measures in 2024 following a rise in reported incidents, including increased police patrols and the use of the 112 emergency notification system. Wolt said the protest involved a limited number of drivers and described it as a localised event, adding that the platform remains operational despite minor delays. The company also said it is in contact with driver representatives to discuss the issues raised.

The Collective Bargaining Milestone

In July 2024, delivery workers signed their first collective bargaining agreement, covering around 3,000 employees. The two-year deal introduced a minimum wage, a 40-hour working week over six days, a bonus structure linked to wages, and requirements for employers to provide safety equipment. It followed protests in December 2022, when drivers raised concerns over wage reductions amid rising fuel and living costs.

Industry Implications And Future Negotiations

The current agreement is set to expire in July 2026, with preparations for new negotiations already underway. Discussions are expected to focus on wages and safety conditions, as pressure within the sector continues.

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Eurobank Launches First UPI Cross-Border Payment From Greece To India

by THEFUTURE.TEAM

July 10, 2026

Eurobank has launched its first cross-border payment from Greece to India through the Unified Payments Interface (UPI), marking a new step in the bank’s international expansion and its strategy to strengthen financial ties between Europe and India.

The transaction, completed in cooperation with NPCI International, follows the launch of Eurobank’s new payment service. The inaugural payment was made in the presence of India’s Commerce and Industry Minister Piyush Goyal, Eurobank Chief Executive Fokion Karavias and senior executives from NPCI International.

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A Strategic Bet On India’s Digital Payments Ecosystem

According to Eleftherios Vlachogiannis, Eurobank’s head of transaction banking, the service currently supports outgoing payments by Indian citizens living in Greece to recipients in India, representing the first phase of a broader collaboration with NPCI International.

UPI is operated by NPCI International. By integrating the system into its e-banking platform and mobile app, Eurobank enables customers to make real-time transfers.

“The most important aspect is the philosophy behind the initiative,” Vlachogiannis said. “Instead of creating another closed payment system, we are integrating mature and internationally recognised payment ecosystems into the bank’s services so customers enjoy a simple, secure and modern transaction experience.”

He added: “Innovation creates value when it delivers a genuine benefit for the customer.”

Building A Financial Bridge Between Europe And India

The UPI launch follows Eurobank’s opening of a representative office in Mumbai, making it the first Greek and Cypriot bank with a physical presence in India. The bank has also expanded its presence through the India-Greece-Cyprus Business and Investment Council, a technology centre in Pune and partnerships with Indian institutions.

Vlachogiannis said India’s economic growth and closer ties with the European Union support the bank’s long-term strategy. He also pointed to progress in negotiations on the EU-India Free Trade Agreement.

Mumbai Office Serves As A Regional Business Hub

Eurobank’s Mumbai office supports businesses seeking to establish operations between India, Greece, Cyprus and the wider European market. It provides access to banking services, business networks and market support.

For Greek companies expanding into India, the bank offers international payments, foreign exchange management, trade finance and supply chain finance. Indian businesses investing in Greece, Cyprus or elsewhere in the European Union can also access financing and corporate banking services through Eurobank.

Aiming To Strengthen The India-Europe Corridor

Looking ahead, Eurobank said it will continue investing in technology, international payments, trade finance and partnerships with Indian organisations.

“Our ambition is to act not only as a banking services provider but also as a strategic partner for businesses and investors seeking to benefit from the opportunities created by this dynamic market,” Vlachogiannis said.

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