New data from the Cyprus Statistical Service (Cystat) reveals a 4% overall decline in beer factory sales in May 2025 compared to the same month last year. Domestic consumption notably fell by 8%, declining from 4,475,044 litres in May 2024 to 4,115,967 litres in May 2025.
Export Performance Drives Growth
Despite a drop in local demand, beer exports experienced a significant increase, surging by 83.9% to 381,641 litres from 207,531 litres recorded a year earlier. This robust uplift underscores emerging opportunities in international markets even as domestic sales wane.
Total monthly deliveries in May 2025 were 4,497,608 litres, compared to 4,682,575 litres during the same period in 2024. Furthermore, an analysis of the first five months of 2025 shows that combined domestic and export sales fell by 2.4%—a reduction of 378,619 litres—totaling 15,422,120 litres versus 15,800,739 litres in the corresponding period of 2024.
Examining the Broader Impact
When segmented by category, domestic consumption from January to May decreased sharply by 16.1%, while export volumes almost doubled, recording an impressive 96.9% growth. Exports reached 112,983 litres in the early months of the year, up from 57,466 litres, illustrating how external markets are compensating for weakened domestic performance.
Doers Summit Expands To Dubai, Connecting Global Ecosystems
A signing ceremony was held in Dubai, attended by His Excellency Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, and Demetris Skourides, Chief Scientist for Research, Innovation & Technology at the Government of the Republic of Cyprus, underscoring government-level support for cross-border entrepreneurship and innovation.
“Hosting this renowned Summit with The Doers Company aligns with Dubai’s Economic Agenda D33 and our commitment to positioning Dubai as a global leader in economic and digital growth,” said Badr Buhannad, Deputy Director General of Dubai Silicon Oasis.
The Dubai edition aims to bring together over 3,000 participants, including startups, venture capital funds, and ecosystem leaders, catalysing cross-border collaboration and capital access while maintaining the Doers Summit’s experience-led format of high-impact networking, curated content, and actionable deal-making.
Reflect Festival Becomes Doers Summit: A Unified Vision for Global Doers
This expansion to Dubai comes at a pivotal moment for The Doers Company, as it unifies all its flagship events under a single global brand.
Since its inception in 2018, Reflect Festival has grown from a local gathering in Limassol into one of Europe’s leading technology and entrepreneurship events, welcoming over 50,000 founders, investors, and operators across Limassol, Athens, and city meetups throughout Europe. Now, Reflect Festival evolves into Doers Summit, aligning a vision to create a single, global gathering of doers that fosters meaningful connections and builds ecosystems where it matters most.
“Reflect Festival was close to many of us, but evolving it into Doers Summit was about clarity of purpose,” says Stylianos Lambrou, Co-founder and CEO of The Doers Company. “Now, we are building a global gathering that creates the partnerships and opportunities shaping what’s next.”
The move to Dubai marks a natural progression, connecting Europe, the Middle East, South Asia, and beyond while maintaining the experience-led approach that defines Doers Summit: curated content, high-impact networking, and real-world deal-making.
“This is more than scaling an event, it’s scaling a movement,” adds Dusan Duffek, Co-founder and Managing Partner at The Doers Company. “We’re creating moments of convergence where regions connect, ideas collide, and real deals happen.”
With Dubai, Athens, and Limassol now under the unified Doers Summit banner, The Doers Company is laying the groundwork for a truly global ecosystem where doers can continue to learn, connect, and build what’s next, together.
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