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Cyprus Retail Sector Defies Regional Trends With 8.5% YoY Growth In July 2025

Cyprus’s retail trade volume surged in July 2025, outpacing the broader euro area and European Union declines, according to Eurostat data. The island’s impressive performance contrasts starkly with regional trends and underscores its strategic market resilience.

Resilient Performance Amid Regional Setbacks

While the euro area recorded a seasonally adjusted 0.5% drop and the EU saw a 0.4% decline from June to July 2025, Cyprus achieved an outstanding 8.5% year-on-year increase in total retail trade volume. In comparison, Portugal and Bulgaria reported moderate gains of 6.1% and 6.0% respectively, with Slovenia experiencing a slight contraction.

Divergent Monthly and Annual Trends

The data further reveal nuanced shifts across sectors. In the euro area, retail trade in food, drinks, and tobacco fell by 1.1% on a monthly basis, while non-food products excluding automotive fuel edged up by 0.2%. Automotive fuel sales in specialized outlets declined by 1.7%. Similar patterns were observed across the EU, illustrating a cautious consumer outlook amidst fluctuating market conditions.

Regional Leaders And Challenges

Among member states, Croatia, Estonia, and Germany faced the most significant monthly declines, dropping by 4.0%, 2.0%, and 1.5% respectively. In contrast, Lithuania, Latvia, and the Netherlands registered monthly increases of up to 1.5%. Annual sectoral comparisons highlight modest expansion: in the euro area, food, drinks, and tobacco grew by 0.9%, non-food products by 3.1%, and automotive fuel by 2.3%, with the EU reflecting similar gains.

Strategic Implications For Investors And Policymakers

Eurostat’s findings underscore the robustness of Cyprus’s retail sector, which has demonstrated a rare capacity to thrive even as other regions grapple with economic headwinds. This compelling performance not only provides an important signal for local economic recovery, but also positions Cyprus as a focal point for investors and strategic policymakers seeking stability and growth in a fluctuating market.

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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