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Cyprus’ Emerging Robotic Talent Takes Center Stage at Robotex MRC 2025 Awards

by THEFUTURE.TEAM

October 21, 2025

At this year’s Robotex MRC 2025 Awards Ceremony, Cyprus welcomed its next generation of roboticists as they advanced the country’s reputation for technological innovation. Hosted by the Bank of Cyprus and organized by the Cyprus Computer Society (CCS), the event was a powerful demonstration of youth ingenuity and industry collaboration.

Celebrating Youth And Technological Excellence

The ceremony, held on October 15, brought together young innovators, educators, and key partners to honor the winners of the 8th Robotex Cyprus Robotics Competition and the 2nd Minoan RobotSports Competition. The event, supported by President Nikos Christodoulides, was steeped in an atmosphere of enthusiasm and promise. Ahead of the main proceedings, over 400 attendees engaged with interactive activities including an AI Photobooth, the JOEY Memory Game, and Rubik’s Cube contests, enhancing the celebratory spirit with hosted challenges by the Bank of Cyprus.

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Forging Strategic Alliances And Recognizing Dedication

Constantina Achilleos, President of the Youth Organisation and one of the event’s co-organizers, opened the program by warmly welcoming participants and supporters. This was followed by remarks from Marilena Paraskeva, Head of Funding Programmes at the Research and Innovation Foundation (RIF), which, along with the Deputy Ministry of Research, Innovation and Digital Policy, provided diamond sponsorship. These high-level endorsements underscore Cyprus’ steadfast commitment to technological progress and inclusive innovation.

Toumazis Toumazis, CCS’s Projects Officer, detailed the society’s involvement in pivotal European projects aimed at expanding the island’s ICT sector. In recognizing the longstanding contributions of coaches and educators, CCS President Andreas Loutsios presented a Volunteer Award Ceremony that praised the relentless dedication of those who have nurtured young minds since the inaugural Robotex Cyprus in 2017.

National Achievements And International Ambitions

The awards segment of the event highlighted the success of 180 students and professionals who excelled across more than 25 national challenges. Trophies, meticulously designed by Robo, were distributed by representatives from esteemed organizations such as the University of Cyprus, IET Cyprus, the Ministry of Education, Sports and Youth, and more. Corporate partners including the Bank of Cyprus, XM, Neapolis University Pafos, and others played a crucial role in supporting these innovative endeavors.

High-school winners also benefited from academic scholarships provided by leading private universities, linking today’s achievements with future educational opportunities. Several winning teams are set to represent Cyprus on the international stage, with upcoming trips to Estonia for Robotex International in December and the MRC Global Olympiad in Crete in April.

Looking Ahead: Sustained Innovation And Regional Leadership

As Cyprus prepares for the next Robotex MRC Cyprus, scheduled for the last weekend of June 2026, the CCS continues to host a series of esteemed national competitions. Events such as the Bebras Challenge, the Informatics Olympiad, and this year’s FIRST® LEGO® League—centered on the theme of archaeology—affirm the island’s position as a regional hub for technological and educational excellence. Furthermore, the upcoming Junior Balkan Olympiad in Informatics in Larnaca will witness participation from nine countries, reinforcing Cyprus’ growing influence in the global tech arena.

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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.