Bioland Promithia Enters The Competitive Electricity Market, Accelerating Cyprus’ Green Energy Transition

by THEFUTURE.TEAM

September 12, 2025

Pioneering A New Energy Landscape

Bioland Promithia, a prominent arm of Bioland Energy Group Ltd, has officially registered in the Competitive Electricity Market (CEM) register, effective October 1, 2025. This strategic move underscores an evolving energy sector in Cyprus, promising enhanced market competition, improved transparency, and a decisive shift toward green energy.

Innovative Pricing And Flexibility

At a recent event organized by Eptagon Group in Larnaca on September 10, Bioland Promithia unveiled plans designed to cater to diverse consumer needs. The company is set to offer tailored electricity supply programmes for residential, commercial, and industrial sectors. By implementing a three-zone flexibility model—day, afternoon, and night—the firm aims to provide cost-effective solutions that align with the unique energy profiles of its clients.

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Expertise And Strategic Vision

Demetris Constantinides, CEO of Bioland Energy Group, highlighted the importance of this initiative as a critical step towards establishing a fair and competitive energy environment in Cyprus. With four years of experience in the CEM Trial and a robust portfolio of corporate clients, Bioland is well-equipped to transition into this new regime. The company projects a significant reduction in electricity tariffs by at least 30 percent within the next three years, a move that promises considerable financial relief for consumers.

Commitment To Sustainability And Innovation

With a 14-year track record in the renewable energy sector, Bioland Energy Group has consistently invested in research and innovation to drive cost-efficiency and sustainability. Drawing on green energy generated from its photovoltaic parks, the company actively supplies businesses under the Transitional Regulation of the Electricity Market. Its impressive roster of commercial and industrial partners already benefits from competitive pricing, reinforcing Bioland’s commitment to advancing Cyprus’ energy transition.

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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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