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Cyprus Emerges as Digital Leader in the EU with Elevated Connectivity Rates

Robust Digital Adoption in Cyprus

In 2024, Cyprus has distinguished itself as a frontrunner in digital connectivity, with over 76.9 percent of residents aged 16–74 relying on internet-connected devices. This figure notably surpasses the European Union average of 70.9 percent, underscoring Cyprus’ commitment to embracing technology in everyday life.

Comparative Analysis Across the European Union

Leading nations in digital device usage include the Netherlands at 94.8 percent, Ireland at 90.6 percent, and Denmark at 87.0 percent, which reflect their advanced digital infrastructures and consumer eagerness toward connectivity. Conversely, countries such as Poland (46.1 percent), Bulgaria (50.8 percent), and Romania (56.6 percent) lag behind, with Greece, Italy, and Germany recording intermediate figures of 56.8 percent, 63.1 percent, and 69.5 percent respectively.

Device Trends and Emerging Technologies

Among the internet-connected devices, smart TVs dominate usage, with 57.9 percent of EU citizens incorporating them into their living spaces. Meanwhile, wearables have secured nearly 30 percent of the market, reflecting growing consumer interest in health and fitness technology. Additionally, one in five individuals actively uses gaming consoles or internet-connected audio systems. However, the adoption of home automation remains relatively modest, with energy management systems at 14.2 percent, smart appliances at 12.8 percent, and security devices at 11.8 percent. Connectivity in automobiles has seen an uptake at 10.5 percent, while health-related devices and internet-connected toys maintain lower penetration rates at 7.9 percent and 2.3 percent respectively.

Conclusion

The data not only highlights Cyprus’ advanced digital integration compared to the EU average but also illuminates broader trends in digital device usage across Europe. Such insights are crucial for stakeholders seeking to harness digital technologies and capitalize on the evolving consumer landscape.

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

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.

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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