Cyprus Hosts Prestigious Junior Balkan Olympiad 2025, Showcasing Future Programming Leaders

by THEFUTURE.TEAM

October 31, 2025

The Cyprus Computer Society (CCS), in tandem with the Ministry of Education, orchestrated an exceptional event this week by hosting the Junior Balkan Olympiad in Informatics (jBOI) 2025 at the Tassos Mitsopoulos Lyceum in Aradippou. The competition, held on Wednesday, united delegations from nine Balkan nations to celebrate emerging talent and foster competitive programming skills among secondary school students.

Uniting Talent Across the Balkans

The jBOI, an annual programming challenge, brings together outstanding young minds aged 10 to 15 from across the region. Participants are tasked with deciphering complex algorithmic problems in accordance with the International Olympiad in Informatics (IOI) standards. The event underscores the importance of cultivating critical digital skills, with Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou emphasizing that his own journey into programming began in his youth. His remarks resonated with the audience, highlighting the long-term benefits of rigorous academic and technical training.

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Ceremonial Honors and Cultural Exchange

The closing ceremony, conducted at Larnaca Municipality’s Multipurpose Centre for Social Welfare and Employment, featured accolades from notable dignitaries including Deputy Mayor Iasonas Iasonidis and Inspector of Informatics for Secondary Education Michalis Farazis. The President of CCS, Andreas Loutsios, extended his gratitude to all contributors, celebrating a week marked by inspiration, competitive spirit, and vibrant cultural exchanges. A musical performance by students from the Mikis Theodorakis Music School of Larnaca added a creative flair to the proceedings.

Exemplary Performances and National Achievements

The event’s competitive facet culminated in an awards ceremony honoring the region’s finest. Cyprus’ delegation, admirably led by Secondary School teachers Akis Sykpetritis and Demetris Livadiotis, garnered significant success, with pupil Mariza Paspalli securing a Gold medal and Alexis Tsangaris along with Petros Vourmas earning Bronze medals. This victory extends Cyprus’ impressive record to eight medals and one honorary distinction across the five international Informatics Olympiads of 2025.

Beyond The Competition

Participants also experienced Cyprus’ rich cultural heritage, touring the historical center of Larnaca, visiting Lefkara, and engaging in interactive activities organized by JetBrains. This blend of rigorous academic competition and cultural immersion not only celebrates technical expertise but also enriches the perspective of these future innovators.

An Ongoing Tradition Of Excellence

The seamless organization of the jBOI 2025, overseen by the Organising and Scientific Committees alongside the dedicated members of the Cyprus Computer Society and educators from the Ministry of Education, Sport and Youth, reinforces Cyprus’ long-standing reputation for delivering exceptional international events. As anticipation builds for the forthcoming Pancyprian Informatics Olympiad, the jBOI 2025 stands as a testament to the nation’s commitment to nurturing the next generation of technological leaders.

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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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