Cyprus Passes Strategic FDI Screening Law to Enhance Investment Security

by THEFUTURE.TEAM

October 31, 2025

The Cyprus Real Estate Development Association has welcomed the House of Representatives’ unanimous approval of a new law designed to regulate foreign direct investments. The legislation, aligning Cyprus fully with the European Union’s screening regulation since October 2020, is a significant step in safeguarding national interests and elevating the island’s investment framework.

Aligning With EU Standards

The new law introduces a stringent review process for investments that could affect national security. Focusing on “sensitive strategic areas,” the legislation establishes a dedicated national mechanism to monitor such investments, ensuring that Cyprus remains compliant with EU regulations.

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Comprehensive Investment Screening

Under this framework, any foreign investment exceeding €2 million is subject to thorough scrutiny. Additionally, property acquisitions will be evaluated when associated with vital infrastructures—a detailed list expected to be finalized in the ensuing months. In the interim, the Finance Ministry will provide provisional guidelines to assist investors.

Clear Definitions and Enforcement Measures

The law clearly differentiates between dual nationals and foreign investors, exempting the former from additional review. Meanwhile, designated foreign investors must notify the relevant national authority prior to proceeding with their investments. Authorities are also empowered to impose conditions or fines to enforce compliance.

Enhancing Market Stability and Confidence

The association emphasized that the introduction of a transparent and consistent regulatory framework will bolster market stability and investor confidence. By striking an equilibrium between protecting national security and fostering an open, competitive investment climate, the legislation reinforces Cyprus’s reputation as a modern and reliable destination for foreign investment.

The Cyprus Real Estate Development Association remains committed to monitoring the law’s implementation and contributing to public discourse, ensuring that the investment environment continues to support the economic and social benefits for the nation.

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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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