Eurobank Unveils €2 Million Initiative To Enhance Disability And Autism Support

Eurobank Cyprus has embarked on a transformative venture that strengthens its commitment to social responsibility while expanding critical support services for adults with disabilities. The €2 million initiative will see the creation of a modern day care centre for individuals over the age of 21 with disabilities and two independent living residences tailored for adults with autism.

Project Overview

In collaboration with the Deputy Ministry of Social Welfare, Eurobank’s latest project underscores its dedication to community welfare. The new day care centre is designed to offer a secure and supportive environment, where specialized programmes foster social integration, psychological empowerment, and creative engagement. Meanwhile, the independent living residences will enhance the autonomy and daily well-being of adults with autism, reinforcing a culture of inclusive care.

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Fostering Independence And Social Inclusion

The initiative is distinguished by its dual focus on structured support and independence. The state-of-the-art facilities are being developed with input from expert care providers, ensuring that adults with disabilities receive the compassion and professional guidance they deserve. These efforts align with Eurobank’s broader commitment to enriching social care services and promoting active community participation.

Strengthening Public-Private Partnerships

Once the construction is complete, the operational management of the centre and residences will be transferred to the Deputy Ministry of Social Welfare, which will oversee the execution of tailored programmes and maintain the requisite staffing standards. This collaboration not only exemplifies strategic public-private partnerships but also serves as a model for future initiatives aimed at achieving meaningful social change.

Corporate Responsibility And Vision

CEO Michalis Louis emphasized that Eurobank’s responsibility extends well beyond supporting economic growth. The bank’s dedication to social contributions—especially for communities in need—is an integral part of its mission. This initiative, lauded by Deputy Minister Marilena Evangelou, highlights the importance of collaborative efforts in enhancing the support framework for those with disabilities and autism. Eurobank’s commitment to delivering lasting social impact distinguishes it as both a financial leader and a humanitarian institution in Cyprus.

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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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