Eurolife And Karaiskakio Foundation Forge Strategic Partnership To Advance Research And Social Impact

by THEFUTURE.TEAM

November 10, 2025

Eurolife, a leading force in the industry, has officially aligned with the Karaiskakio Foundation in a strategic partnership dedicated to driving advanced research, humanitarian initiatives, and fostering a culture of giving among Cyprus’ emerging talents. This initiative embodies Eurolife’s resolute commitment to corporate social responsibility and its core values of supporting life, health, and hope.

Strategic Partnership With A Vision

The collaboration marks a decisive step forward in strengthening the Foundation’s research and educational endeavors. By investing in projects that emphasize volunteerism and social contribution, Eurolife sets a high standard for corporate citizenship in Cyprus. The firm’s comprehensive approach reflects a dedication to cultivating a new generation that values service and community enrichment.

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Corporate Social Responsibility And Shared Values

Anchored by its robust corporate social responsibility framework, Eurolife’s partnership with the Karaiskakio Foundation is a testament to its broader mission of enhancing societal well-being. As stated by Eurolife’s General Manager, Athena Shipilli Tsingi, the initiative is both an act of responsibility and solidarity, designed to empower communities and uplift human dignity.

Mutual Appreciation And Forward Momentum

Pavlos Kosteas, General Manager of the Karaiskakio Foundation, underscored the significance of this alliance by expressing his gratitude for Eurolife’s support. He highlighted that the long-term, meaningful collaboration is a critical milestone, equipping the Foundation to intensify its mission and drive transformative social impact.

This partnership not only reinforces Eurolife’s commitment to improving lives but also serves as a model for integrating business objectives with community-centric values. Grounded in a vision of a society characterized by care and solidarity, Eurolife continues to invest in initiatives that promote health, scientific advancement, and volunteerism, thereby bolstering social progress and human well-being.

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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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