Cyprus Public Sector Elevates Digital Infrastructure With Strategic Lenovo Partnership

The Deputy Ministry of Research, Innovation and Digital Policy in Cyprus has embarked on a transformative initiative with a strategic agreement involving Lenovo and Newcytech Business Solutions Ltd. The collaboration, finalized through the ministry’s department of information technology services, is geared toward enhancing the digital backbone of the public sector over the coming two years, with an option for an additional extension.

Modernizing Public Sector IT Capabilities

The agreement centers on the supply of advanced Lenovo ThinkSystem servers, each capable of being tailored to meet the diverse needs of various government services. These specialized server systems, known for their scalability and robust performance underpinned by artificial intelligence technologies, will provide critical support for data analytics, cloud infrastructure, and automation systems.

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Comprehensive Digital Transformation

Beyond the hardware, the deal encompasses the provision of operating systems, installation, and comprehensive technical support throughout the contract term. This holistic approach is designed to address the increasing complexity of modern IT demands and ensure robust security and operational flexibility.

Strategic Partnership and Execution

Newcytech Business Solutions Ltd, a subsidiary of Logicom Public Ltd and Lenovo’s strategic partner in Cyprus, will facilitate the execution of this project. Their established expertise in integrated IT solutions positions them to effectively manage the customization and deployment of these advanced systems, ensuring the technology evolves in tandem with the public sector’s requirements.

Leadership Insights

Panagiotis Makryniotis, Managing Director of Lenovo for Greece and Cyprus, emphasized the project’s strategic significance: “With this collaboration, we are taking an important step towards strengthening the digital capabilities of the public sector in Cyprus. Our solutions transcend computing power, serving as a modernisation tool designed for security, flexibility, and future readiness in the era of Artificial Intelligence.”

Similarly, Andreas Dermosoniades, Managing Director of Newcytech Business Solutions Ltd, remarked, “This agreement marks a milestone in fortifying the digital landscape of the Cypriot public sector. Our combined expertise with Lenovo’s advanced solutions ensures that government infrastructure will adeptly address the evolving challenges of flexibility, security, and computing power.”

This initiative not only signifies a modernization drive but also reinforces Cyprus’ commitment to leveraging cutting-edge technology to enhance public governance and service delivery.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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