Cyprus Strengthens Global Market Position at World Food India 2025

by THEFUTURE.TEAM

October 13, 2025

Global Spotlight On Cypriot Excellence

Cyprus made a decisive impact at the prestigious World Food India 2025, held from September 25 to 28 in New Delhi. The country showcased its renowned culinary treasures, positioning its food and beverage industry at the forefront of the global agri-food sector.

Strategic Partnerships And Market Expansion

Represented by the Ministry of Energy, Commerce And Industry through the Cyprus Commercial Centre in New Delhi, Cyprus reaffirmed its commitment to promoting high-quality products and establishing enduring trade partnerships with India and the broader Asian market. This participation underscores the nation’s strategic intent to leverage its Mediterranean heritage as a competitive asset in the international arena.

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Exhibition Highlights And Culinary Mastery

Organized by the Indian Ministry of Food Processing Industries, the expo brought together over 90 countries and 2,000 exhibitors, cementing India’s status as a global hub for food innovation and commerce. Among the highlights was the presentation of chaloumi—a national product—accompanied by traditional offerings such as koumantaria, olive oil, and natural fruit juices. Interactive tastings, including the popular grilled chaloumi pita with tomato, allowed visitors to experience firsthand the authentic flavors that define Cypriot cuisine.

Engaging Global Trade Leaders

The Cyprus booth attracted a diverse array of importers, chefs, distributors, and entrepreneurs, alongside significant interest from government officials, diplomatic delegations, and food industry professionals across multiple nations. Such engagement signals promising opportunities for introducing Cypriot products to the dynamic Indian market.

Championing Quality And Authenticity On A Global Stage

According to the Ministry, participating in this international expo has not only boosted the recognition of Cypriot Mediterranean products but also expanded the country’s presence in Asia. By establishing chaloumi and other local specialties as emblems of superior quality and authentic heritage, Cyprus is poised to lead in a competitive global market.

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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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