Opens in a new tab

Breaking news

Toufan Erchiourman Criticizes Energy Strategy, Demands Inclusion Of Turkish Cypriot Rights

In a pointed Facebook post, Turkish Cypriot leader Toufan Erchiourman leveled criticism at President Nikos Christodoulidis over the handling of the “Great Sea Interconnector” project and other recent energy initiatives across Cyprus. Erchiourman emphasized that as equal co-founders of the island, Turkish Cypriots must not be sidelined when decisions have profound implications for energy infrastructure and maritime jurisdictions.

Historic Position And Sovereign Rights

Erchiourman reiterated that the objections expressed well before the election season regarding the Interconnector project are publicly known. He argued that any resolution related to energy or maritime zones must fully acknowledge Turkish Cypriot rights. This perspective underscores his broader assertion that disregarding these rights compromises the foundational principle of equal partnership in governing the island’s future.

A Call For Genuine Dialogue

The leader further clarified his position by stating that he would refrain from engaging with southern comments on a comprehensive solution until substantive negotiations begin. While President Christodoulidis advocates for immediate talks, Erchiourman criticized the simultaneous push for projects such as the Israeli natural gas pipeline, which he contends undermines the credibility of the commitment to a balanced and lasting resolution.

Commitment To A Stable Future

Concluding his remarks, Erchiourman asserted that the Turkish Cypriot side remains steadfast in its efforts to cultivate an environment conducive to a durable solution on the island. However, he warned that any initiative jeopardizing this hard-won stability by ignoring Turkish Cypriot interests will not go unchallenged.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

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.

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.

eCredo
The Future Forbes Realty Global Properties
Aretilaw firm
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter