Keve To Host Lithuanian Women Business Delegation In Nicosia

by THEFUTURE.TEAM

August 11, 2025

Event Overview And Strategic Importance

The Cyprus Chamber of Commerce and Industry (Keve), acting as coordinator for the Enterprise Europe Network Cyprus, is set to host a high-profile women’s business delegation from Lithuania on September 24, 2025. This initiative, organized in collaboration with the Klaipeda Chamber of Commerce and Industry, underscores a commitment to strengthening cross-border cooperation and advancing women’s entrepreneurship within the European economic landscape.

Opportunities For Meaningful Networking And Expansion

Held on the first floor of the Keve building in Nicosia, the event will convene a diverse group of entrepreneurs, senior executives, and representatives from professional associations. Participants will have the invaluable opportunity to engage with Lithuanian business leaders, explore potential collaborative ventures, and tap into new market insights pertinent to the Baltic region. The forum is designed to foster robust international partnerships backed by strategic dialogue and market intelligence.

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Enabling Global Business Connectivity

In line with the objectives of the Enterprise Europe Network, the event advocates internationalization, innovation, and networking, specifically targeting small and medium-sized enterprises and women entrepreneurs. The session, conducted in English and scheduled to commence at 10:00 a.m., will offer a detailed agenda to registered participants by early September. In addition, key Lithuanian companies have been listed in the official circular, serving as a testament to the event’s depth and regional relevance.

Call To Action For Interested Parties

Participation is offered free of charge, and those interested are encouraged to register by September 22, 2025. Organizations that champion entrepreneurship and international relations are also invited to join this initiative, which promises to be a catalyst for strategic European collaboration. For further details, interested parties may contact the organizers directly via phone or email.

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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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