Cyprus Reinforces Strategic Influence as a Regional Energy and Trade Hub

by THEFUTURE.TEAM

September 26, 2025

Event Overview and Key Insights

The Cyprus Chamber of Commerce and Industry (Keve) hosted a pivotal event titled “The Geostrategic Position of Cyprus in the Modern World,” drawing an influential audience from business, government, and academia. Strategic analyst, mathematician, and author Nikos Lygeros delivered a keynote address that examined contemporary regional dynamics and emerging commercial corridors in the Eastern Mediterranean.

Analyzing Quarter-Century Projects

During his presentation, Lygeros provided an incisive analysis of the Great Sea Interconnector (GSI) project, emphasizing its critical role in enhancing Cyprus’ energy security. He argued that the GSI not only strengthens the nation’s energy grid but also unlocks significant business opportunities by integrating Cyprus with the broader European energy market.

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Emerging Geopolitical Corridors

Lygeros expanded on the development of a novel geopolitical and commercial corridor spanning India, Saudi Arabia, Israel, Cyprus, Greece, and Italy. This emerging network, he noted, solidifies Cyprus’ status as a strategic nexus in the Eastern Mediterranean, fostering regional stability and economic growth.

Policy Endorsements and Strategic Advocacy

In attendance, the President of Keve reiterated the chamber’s commitment to national strategic advice, underscoring the importance of collaborative policy-making for long-term stability. Energy Minister George Papanastasiou also addressed the gathering, highlighting robust government backing for major energy projects that complement Cyprus’ evolving position.

Audience Engagement and Forward-Looking Initiatives

The event concluded with an interactive discussion, reinforcing the high level of engagement among participants on matters critical to the nation’s energy and strategic policy framework. Keve affirmed its dedication to hosting further initiatives that promote strategic foresight and informed dialogue within the business community and beyond.

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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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