Paphos Honored As A Global Leader In Sustainable Tourism Innovations

by THEFUTURE.TEAM

October 23, 2025

Paphos Takes Center Stage In Global Sustainability

The esteemed Tourism Development and Promotion Company of the Paphos Region has been recognized on an international platform by Green Destinations. Ranked among the Top 100 Green Destinations of 2025, Paphos secured its position for outstanding sustainable tourism practices highlighted in the Culture and Heritage category.

Innovative Approach To Cultural Integration

The accolade celebrates Paphos’ groundbreaking initiative, which amalgamated the promotional efforts of four museums and information centers within the Akamas region into a cohesive package. By leveraging digital platforms and advanced technology, this initiative has not only enhanced tourist engagement but also elevated the recognition of the region’s cultural heritage. Such an integrative approach is a testament to the strategic foresight adopted by regional stakeholders.

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Competing On A Global Scale

A total of 180 exemplary practices were submitted from 33 countries, with each entry scrutinized by an international panel of experts from Green Destinations. The evaluation criteria ranged from narrative quality and innovative potential to sustainability compliance and the socio-cultural impact on local communities. This rigorous assessment underscores a global commitment to responsible tourism practices.

Significance Of The Distinction

Albert Salman, President of the Top 100 Committee, clarified that while inclusion in the list does not imply complete sustainability, it recognizes a significant venture that champions responsible tourism. This honor not only boosts Paphos’ standing on the European map of cultural and sustainable tourism but also highlights local efforts that merge heritage, innovation, and digital transformation.

As global competition intensifies and tourism continues to evolve, Paphos’ recognition serves as a benchmark for how innovation and cultural integration can propel a destination to international acclaim.

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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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