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Cyprus Real Estate Agents Council Announces Mandatory Examination for Prospective Agents

by THEFUTURE.TEAM

The Cyprus Real Estate Agents Registration Council has confirmed that written examinations for new candidate real estate agents are scheduled for November 6, 2025. The examinations, an essential step toward licensure under the Republic’s property and planning legislation, will be held on Thursday at 4:30 p.m. at the Pavilion in Nicosia.

Legal Mandate and Industry Standards

Council President Marinos Kineyirou outlined that these examinations are conducted pursuant to Article 11(1)(a)(v) of the Real Estate Agents Law. This process is designed to ensure that all applicants possess the requisite understanding of the country’s complex real estate regulations, including the Immovable Property (Tenure, Registration and Valuation) Law, the Transfer and Mortgage Law No. 9 of 1965, and other pertinent legislations concerning property practices.

Examination Details and Content

The candidates will be assessed through a closed-note, written examination conducted entirely in Greek. The scope of the assessment includes key legal provisions from various laws: the Land and Surveys Department (Fees and Charges) Law, the Sale of Immovable Property (Specific Performance) Law of 2011, the Streets and Buildings Regulation Law, the Town and Country Planning Law of 1972, and the Real Estate Agents Law of 2010. This rigorous evaluation process is set to uphold the integrity and professionalism within the industry.

Eligibility Criteria and Application Process

Eligible candidates must submit their applications online by 2:00 p.m. on September 25, 2025, accompanied by a fee of €100. Applicants are required to meet stringent criteria under Article 11(1) of the Real Estate Agents Law. In addition to being a citizen of the Republic or another EU member state, candidates must not be bankrupt or under any legal incapacity, and must have a clean legal record free from convictions related to dishonesty or moral turpitude (unless formally rehabilitated). Furthermore, the academic prerequisites demand a recognized diploma reflecting a minimum of three years of post-secondary education relevant to the industry, or its part-time equivalent, alongside at least 12 months of professional experience as a registered assistant real estate agent. Postgraduate qualifications obtained after at least one academic year in relevant subjects are also acceptable.

Further Inquiries

Interested parties requiring additional details on the application process are encouraged to contact the Cyprus Real Estate Agents Registration Council at 22666377. This initiative reflects the Council’s commitment to enhancing professionalism and ensuring that prospective agents are adequately prepared to navigate the complexities of Cyprus’s property and planning sectors.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

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.

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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