Agora 3.0: Steering Digital Healthcare Innovation in Cyprus

by THEFUTURE.TEAM

August 29, 2025

Digital Innovation And Artificial Intelligence

Agora 3.0, a strategic infrastructure initiative funded by the Research and Innovation Foundation, is reinforcing Cyprus’s position as a global nexus for research, technology, and healthcare innovation. The project, highlighted by the recent visit of Dr. Dimitris Skouridis, Cyprus’s Chief Scientist, to the German Oncology Center, underscores significant progress toward redefining medical infrastructure through digitalization.

Under the leadership of Professor Konstantinos Zamboglou, the German Medical Institute is poised to become the first fully digitized hospital in Cyprus. This transformation is marked by the establishment of an Artificial Intelligence Division and the deployment of a high-performance supercomputer, ensuring the secure storage and processing of critical medical data. Concurrently, a pilot collaboration with Aria Health is set to enhance patient communications, providing streamlined access to medical information and personalized care through mobile solutions.

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Commercialization And International Collaborations

The project is now entering its commercialization phase, evolving Agora 3.0 into a testing ground for AI-driven medical devices and diagnostic tools. This initiative is designed not only to afford Cypriot patients access to cutting-edge healthcare technologies but also to serve as an entry point for international AI enterprises targeting the European market.

Partnerships are already underway, with the GMIC subsidiary forging alliances with leading research centers across Bulgaria, Serbia, Germany, and the United States, including a collaboration with Stanford University. These alliances are instrumental in driving innovation and cementing Cyprus’s standing as a leader in the global healthcare landscape.

Cyprus On The Global Stage

In a bold move toward internationalization, the Cypriot delegation is scheduled to participate in the ICC Global Business Summit in India in September 2025. During this summit, memoranda of understanding are set to be signed with ARIA Matrix and the Tata Memorial Cancer Centre, further integrating Cyprus into the global healthcare innovation network.

Professor Zamboglou emphasized that the commercialization of this venture is a catalyst for economic growth, creating new employment opportunities and significantly upgrading the standards of healthcare delivery. This strategic initiative leverages artificial intelligence to enhance patient outcomes and positions Cyprus as an indispensable hub for cutting-edge health technology on the global stage.

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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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