Cyprus Achieves Zero Inflation Amid Eurozone Pressures

by THEFUTURE.TEAM

September 19, 2025

Stable Prices in an Unsteady Environment

Amid the current economic landscape, Cyprus has emerged as a standout performer by recording zero year-on-year inflation in August 2025, according to data released by Eurostat. This achievement is particularly notable given that the broader Eurozone experienced an average inflation rate of 2.0% while the European Union overall recorded 2.4%.

European Inflation Landscape: A Comparative Review

Eurostat’s findings reveal that in addition to Cyprus, countries such as France and Italy posted low inflation rates of 0.8% and 1.6% respectively. However, other member states experienced more pronounced inflationary pressures, with Romania, Estonia, and Croatia recording rates of 8.5%, 6.2%, and 4.6% respectively. This diverse range of outcomes underscores the varying economic pressures faced by different nations within the union.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Sectoral Influences on Inflation

Analysis of the Eurostat data indicates that services contributed the most to the upward pressure on inflation at 1.44 percentage points, followed by food, alcohol, and tobacco, which added 0.62 percentage points, and non-energy industrial goods at 0.18 percentage points. In contrast, energy prices exerted a downward effect, reducing the overall inflation rate by 0.19 percentage points.

Month-Over-Month Trends and Historical Context

When compared with July 2025, nine EU member states experienced a decline in annual inflation, four remained stable, and fourteen saw an increase. Meanwhile, the Eurozone’s annual inflation rate slightly receded from 2.2% a year earlier, with the EU rate holding steady at 2.4%.

Conclusion

The data highlights Cyprus’ unique position within the European Union, maintaining price stability amid an environment of varying economic pressures. As stakeholders monitor inflation trends across sectors and regions, the contrasting performance of member states will provide valuable insights for policymakers and investors as they navigate the complex global economic landscape.

The Future Forbes Realty Global Properties

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.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

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.

Breaking news