Cyprus Secures Top 10 Ranking Among World’s Premier Island Destinations

by THEFUTURE.TEAM

October 22, 2025

Cyprus Emerges as a Global Contender

A recent report by the National Bank of Greece (NBG) has positioned Cyprus among the elite top 10 island destinations worldwide, ranking 10th based on tourist arrivals. Sharing the spotlight with renowned names such as Bali, Hawaii, and Tenerife, Cyprus’ growing international appeal underscores its competitive edge in the global tourism market.

Understanding the Competitive Landscape

The NBG report reveals a detailed ranking that sees Mallorca leading the list, followed by Phuket and Hawaii. Joining the top tier are exceptional destinations including Bali, Tenerife, Crete, Sicily, Ibiza, and the Canary Islands. Notably, the second segment of the ranking highlights other favorites, with Rhodes, Corfu, Kos, and the Bahamas completing the top 20.

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Strategic Investment: A Catalyst for Sustainable Growth

Beyond mere visitor numbers, the study emphasizes the critical role of strategic infrastructure investment in sustaining competitive tourism destinations. Drawing parallels with Greece’s ongoing challenges, the report outlines an urgent requirement for approximately €35 billion over the next decade to modernize sectors such as transport, energy, water, and waste management. This capital injection is deemed essential to manage the seasonal influx—up to 50%—and to mitigate additional environmental and operational burdens inherent to island economies.

Economic Impact and Future Prospects

Should these investments be realized, the potential economic returns are substantial. The report projects tourism receipts could escalate by 45%, with GDP rising from €24 billion to nearly €30 billion by 2035. Such growth would not only bolster employment and exports but also enhance overall economic resilience, establishing a robust framework for future prosperity in the region.

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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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