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Ena Foundation Launches New Era of Collective Progress In Cyprus

Introduction

In a landmark initiative aimed at fostering a more equitable and resilient society, the Ena Foundation has officially commenced its operations in Cyprus. This independent, non-profit organization is committed to mobilizing the power of every individual, act, and community to drive collective progress and generate lasting societal impact.

Mission And Vision

Founded by entrepreneur Tasos Papanastasiou and co-founded by Christiana Panagi, the Ena Foundation is inspired by deep-rooted Cypriot and Greek values of unity, integrity, and selfless generosity. The organization is funded primarily through private resources and is dedicated to enhancing social progress through concrete, sustainable initiatives.

Empowering Athlete Careers

Central to its suite of programs is Beyond The Medal, a pioneering initiative designed to support Olympic and Paralympic-level athletes. Recognizing that an athlete’s journey extends well beyond the playing field, the program is structured to promote dual careers by integrating educational advancement with athletic success. With targeted support through the 2028 Olympic Games, the initiative emphasizes the importance of continuous learning and perseverance, as evidenced by the commitment of the first eight athletes who have joined the program.

Grants For Change

The Grants For Change initiative seeks to empower local communities by providing up to €20,000 in funding to projects that foster empowerment and promote the social inclusion of vulnerable groups. Currently under evaluation, selected projects will be announced in mid-November, setting the stage for transformative community impact and sustainable project development.

Envision Together: Revitalizing Public Spaces

Further reinforcing its commitment to social cohesion, the Ena Foundation has introduced Envision Together, a program dedicated to enhancing public spaces. By improving parks and communal infrastructure, the organization aims to create vibrant spaces that encourage social interaction and strengthen community bonds. Upcoming projects under this initiative are poised to redefine communal life and quality of living for local residents.

Leadership And A Call To Action

Driven by a philosophy that success is measured by one’s ability to uplift others, the Ena Foundation’s leadership emphasizes transparency, strategic partnerships, and the power of collective action. As coordinator Anastasia Ellina notes, the foundation is evolving to support innovative, sustainable solutions in partnership with society. Likewise, Constantinos Kkaili reinforces the importance of collaboration in driving social progress.

Conclusion

The Ena Foundation firmly believes that change begins with one person, one act, and one community. By uniting citizens, organizations, and stakeholders in a shared journey toward progress, the foundation sets a new standard for social contribution and tangible change in Cyprus.

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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