Regional Tourism Board Leads European Initiative to Preserve Intangible Heritage

by THEFUTURE.TEAM

October 31, 2025

Overview Of The European Initiative

The Nicosia Regional Tourism Board has taken a decisive step in preserving Europe’s rich cultural traditions by actively participating in the “Hands Across Generations – Preserving Intangible Heritage through Intergenerational Craft Exchange” project. The initiative, under the auspices of the Erasmus+ VET programme, aims to transfer traditional craft skills from seasoned artisans to vocational education apprentices, ensuring that these valuable techniques are adapted to meet modern digital demands.

Project Kick-Off In Carlow, Ireland

The project’s inaugural meeting was held on October 21–22, 2025, in Carlow, Ireland, hosted by the Carlow Municipal District. As the lead partner, the district set the stage for a collaborative effort focused on safeguarding the continent’s intangible cultural heritage through a structured intergenerational exchange.

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Sustainable Craftsmanship And Digital Integration

Over a 24-month duration from September 2025 to August 2027, the project will implement a variety of activities including research, mentoring workshops, digital literacy training, and cultural events. A standout component of the initiative is the creation of the Digital Heritage Toolkit—a multilingual platform that will offer free educational resources to artisans, vocational schools, and local communities. This digital pivot is designed to enhance the sustainability and reach of traditional craft techniques.

Strengthening European Collaboration

The project brings together a consortium of seven partners from across Europe. Alongside the Nicosia Regional Tourism Board, participants include organizations from Greece, Italy, Finland, Spain, and Lithuania. Coordinated by Carlow County Council, this pan-European partnership is committed to fostering intergenerational cooperation, creativity, and social inclusion, thereby reinforcing the cultural fabric of the continent.

Looking Ahead

By nurturing the transmission of traditional craftsmanship within a modern, digital context, the initiative stands as a prime example of how heritage preservation can drive innovative educational and economic outcomes. This project not only preserves historical know-how but also paves the way for a dynamic integration of cultural traditions within today’s digital economy.

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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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