Cyprus Shipping Chamber Annual Charity Beach Volley Tournament Unites Industry and Community

by THEFUTURE.TEAM

September 16, 2025

Event Overview

The Cyprus Shipping Chamber (CSC) recently hosted its highly anticipated charity beach volley tournament, held on September 6, 7, and 14 at the Limassol Municipal Beach Sports Centre. Under the patronage of the Minister of Transport, Communications and Works, the tournament has successfully drawn together the shipping sector since 1996, reinforcing its longstanding commitment to societal contributions.

Competitive Spirit and Community Engagement

The event exemplified both competitive zeal and mutual support within the industry. Chamber members demonstrated robust participation, contributing financially to an admirable cause while engaging in spirited and friendly rivalry among peers. This annual gathering has, for 29 consecutive years, served as a unifying platform for the industry, promoting camaraderie and charitable involvement.

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Tournament Outcome and Winner Announcement

The tournament, played against the picturesque backdrop of the Limassol beachfront, culminated in a series of compelling matches. Acheon Akti Navigation emerged as the clear victors, with OSM Thome finishing second, followed by Columbia Group in third and Famine Holdings in fourth. These results underscore the competitive integrity and enthusiastic participation of the members.

Charitable Impact and Gratitude

The net proceeds from the event will be directed to the “One Dream – One Wish” association, an organization dedicated to uplifting children affected by cancer and related illnesses by offering both hope and crucial support to them and their families. The chamber also extended its sincere appreciation to the Cyprus Volleyball Federation, the Cyprus Volleyball and Beach-volleyball Referees Association, the Limassol Municipality, and its member companies for their invaluable contributions and financial backing of this charitable initiative.

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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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