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Cyprus’ Emerging Robotic Talent Takes Center Stage at Robotex MRC 2025 Awards

At this year’s Robotex MRC 2025 Awards Ceremony, Cyprus welcomed its next generation of roboticists as they advanced the country’s reputation for technological innovation. Hosted by the Bank of Cyprus and organized by the Cyprus Computer Society (CCS), the event was a powerful demonstration of youth ingenuity and industry collaboration.

Celebrating Youth And Technological Excellence

The ceremony, held on October 15, brought together young innovators, educators, and key partners to honor the winners of the 8th Robotex Cyprus Robotics Competition and the 2nd Minoan RobotSports Competition. The event, supported by President Nikos Christodoulides, was steeped in an atmosphere of enthusiasm and promise. Ahead of the main proceedings, over 400 attendees engaged with interactive activities including an AI Photobooth, the JOEY Memory Game, and Rubik’s Cube contests, enhancing the celebratory spirit with hosted challenges by the Bank of Cyprus.

Forging Strategic Alliances And Recognizing Dedication

Constantina Achilleos, President of the Youth Organisation and one of the event’s co-organizers, opened the program by warmly welcoming participants and supporters. This was followed by remarks from Marilena Paraskeva, Head of Funding Programmes at the Research and Innovation Foundation (RIF), which, along with the Deputy Ministry of Research, Innovation and Digital Policy, provided diamond sponsorship. These high-level endorsements underscore Cyprus’ steadfast commitment to technological progress and inclusive innovation.

Toumazis Toumazis, CCS’s Projects Officer, detailed the society’s involvement in pivotal European projects aimed at expanding the island’s ICT sector. In recognizing the longstanding contributions of coaches and educators, CCS President Andreas Loutsios presented a Volunteer Award Ceremony that praised the relentless dedication of those who have nurtured young minds since the inaugural Robotex Cyprus in 2017.

National Achievements And International Ambitions

The awards segment of the event highlighted the success of 180 students and professionals who excelled across more than 25 national challenges. Trophies, meticulously designed by Robo, were distributed by representatives from esteemed organizations such as the University of Cyprus, IET Cyprus, the Ministry of Education, Sports and Youth, and more. Corporate partners including the Bank of Cyprus, XM, Neapolis University Pafos, and others played a crucial role in supporting these innovative endeavors.

High-school winners also benefited from academic scholarships provided by leading private universities, linking today’s achievements with future educational opportunities. Several winning teams are set to represent Cyprus on the international stage, with upcoming trips to Estonia for Robotex International in December and the MRC Global Olympiad in Crete in April.

Looking Ahead: Sustained Innovation And Regional Leadership

As Cyprus prepares for the next Robotex MRC Cyprus, scheduled for the last weekend of June 2026, the CCS continues to host a series of esteemed national competitions. Events such as the Bebras Challenge, the Informatics Olympiad, and this year’s FIRST® LEGO® League—centered on the theme of archaeology—affirm the island’s position as a regional hub for technological and educational excellence. Furthermore, the upcoming Junior Balkan Olympiad in Informatics in Larnaca will witness participation from nine countries, reinforcing Cyprus’ growing influence in the global tech arena.

Mercedes-Benz Posts Higher Profit Despite China Slowdown

Mercedes-Benz reported stronger-than-expected second-quarter results, lifting its shares on Tuesday despite mounting pressure from Chinese automakers and a weaker outlook for sales and revenue.

The earnings provided a boost for Europe’s auto sector, where manufacturers continue to grapple with tariffs, softer demand and intensifying competition from Chinese rivals. Volkswagen, Mercedes-Benz and BMW have all accelerated restructuring efforts in response.

Cost Discipline Lifts Quarterly Profit

Mercedes-Benz shares rose as much as 5.9% following the results before trimming gains to trade 3.5% higher by 1118 GMT. The company reaffirmed its profit margin guidance for its core passenger car business after reporting an adjusted return on sales of 4.0% for the second quarter, above market expectations and within its 3% to 5% target range.

“In an environment where some automakers are ringing alarm bells on their competitive positioning, Mercedes delivered a clear and confident message,” Morningstar analyst Rella Suskin said.

Second-quarter operating profit increased 22% to €1.5 billion ($1.7 billion), despite a 3% decline in revenue. Lower administrative and research and development costs, together with strong performances from the financial services and vans divisions, supported earnings, while the results also included a €131 million gain related to the planned sale of leasing subsidiary Athlon.

China Remains The Key Pressure Point

Despite stronger profitability, Mercedes continues to face a challenging market environment. Sales in China fell 30% during the second quarter, prompting the company to abandon earlier expectations for stable car sales and group revenue. It now expects both to decline slightly from a year earlier.

BMW also lowered its outlook in June following a deeper-than-expected slowdown in China, highlighting the pressure facing Germany’s premium carmakers. At the same time, Mercedes said Chinese manufacturers are increasingly expanding into European markets, although Chief Executive Ola Kaellenius said their focus remains on higher-volume segments rather than the premium market.

“But that is not a reason to sit back and be relaxed,” he said.

Manufacturing Shift Continues

Mercedes is also reshaping its manufacturing footprint. The company said its German factories will undergo a more aggressive push toward leaner production, although it declined to provide further details while talks with labour representatives continue. Production is also being expanded in lower-cost Eastern European locations, including Hungary, where the company is increasing capacity at its Kecskemet plant, as well as in Poland.

Chief Financial Officer Harald Wilhelm said the full-year margin for the passenger car division is expected to come in at the lower end of the company’s guidance range, reflecting a higher share of electric vehicle sales in Europe, which remain more expensive to produce and continue to weigh on profitability.

“We must continue to work flat out to reduce costs so that we can remain competitive on the prices of our products,” Kaellenius said.

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