Invest Cyprus Emerges as WAIPA Eastern Europe Director for 2025–2027

by THEFUTURE.TEAM

October 22, 2025

Election Highlights at Sharjah Investment Conference

At the 29th WAIPA World Investment Conference 2025 in Sharjah, United Arab Emirates, a decisive moment unfolded for Eastern Europe. Invest Cyprus was elected as Regional Director for the WAIPA Eastern Europe sector, underscoring the region’s enhanced strategic voice in global investment promotion. Distinguished representatives from over 140 countries converged to set the roadmap for sustaining and expanding international investment efforts in the coming years.

Elevating Global Investment Standards

Since its establishment in 2016 and headquartered in Cyprus, Invest Cyprus has steadfastly championed the island’s appeal as a premier destination for investors. Its election to the WAIPA leadership not only bolsters Eastern Europe’s presence on the global stage but also aligns with the organization’s broader mission to cultivate rigorous, impactful investment promotion strategies worldwide.

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Strategic Insights and Collaborative Vision

The pre-election WAIPA Steering Committee Meeting was a forum for reflective assessment and forward planning. Senior dignitaries, including the presidency and vice-presidencies, examined the achievements of 2025 and recalibrated strategic priorities for 2026. This session emphasized member value, advocacy, and financial resilience—a triad designed to fortify WAIPA’s role in attracting sustainable and transformative investment.

Leadership Commitment and Future Directions

Invest Cyprus CEO Marios Tannousis expressed his gratitude, underscoring the organization’s resolve to enhance regional cooperation and promote disciplined investment strategies. The newly elected WAIPA leadership, which also features key appointments across multiple regions such as KDIPA as president and ProDominicana alongside Invest KOREA as vice-presidents, is set to drive a renewed era of cross-border collaboration and market innovation.

Charting the Path Forward

WAIPA’s evolved leadership framework, now encompassing diverse entities from the Ghana Investment Promotion Centre to the National Investment Council of Honduras, is poised to amplify global cooperation and deliver sustainable economic growth. As the international community grapples with evolving investment dynamics, this recalibrated leadership is pivotal in fostering an environment that is both resilient and forward-thinking, ensuring that investment promotion agencies remain at the forefront of facilitating transformative partnerships.

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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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