Larnaca District Sees 53% Surge In Construction Applications Amid Digital And Regulatory Reforms

by THEFUTURE.TEAM

September 10, 2025

Digital Transformation And Enhanced Services Fuel Growth

The Larnaca District Local Government Organisation (EOA) reported a 53% increase in building applications for January through July 2025 compared to last year, marking a significant upswing in construction activity. A total of 1,295 applications were submitted in the first seven months of 2025, up from 844 in 2024 and 749 in 2022.

Government Policies And Strategic Urban Initiatives

This robust increase is driven by a series of strategic measures. The full implementation of the digital system Hippodamos, which facilitates round-the-clock electronic submissions, has streamlined the application process significantly. In addition, proactive government housing policies and targeted revisions to urban planning incentives have further fueled the rise in applications. The introduction of the Urban Planning Amnesty Plan, aimed at legalising unauthorised constructions, has also contributed to this growth by encouraging a surge in permit submissions.

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Renewable Energy Policy And Operational Readiness

Another pivotal factor is the transition from Order 1/2020 to Order 4/2025, marking policy updates that support the utilisation of renewable energy sources. These regulatory changes not only bolster sustainable development but also incentivise higher application volumes. In response to the increased demand, EOA staff are working intensively to expedite permit issuance, ensuring that both citizens and investors benefit from improved service delivery.

Conclusion

This notable surge in building applications underscores a progressive shift in the urban development landscape of Larnaca, driven by digital transformation, strategic policy reforms, and a commitment to sustainability. Investors and stakeholders alike are likely to find renewed opportunities as these trends continue to evolve.

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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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