Blue Charter Centre of Excellence to be set in Larnaca

Blue Charter Centre of Excellence to be set in Larnaca

The Commonwealth and the Republic of Cyprus have taken a significant step forward by signing a three-year Memorandum of Understanding (MoU) for the establishment of a Commonwealth Blue Charter Centre of Excellence in Larnaca. This initiative aims to strengthen governance for a sustainable blue economy and support scientific research for ocean protection. Notably, under Cyprus’ […]

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Hellenic Bank and Etyk agree to renew collective agreements

Hellenic Bank and Etyk agree to renew collective agreements

Hellenic Bank and bank workers’ union (Etyk) clinched a deal over collective agreements on Friday, after a government-supported mediation process. Labour Minister Yiannis Panayiotou heralded the development “after a long period of disagreements”. He described it “as an important day for labour relations in the banking sector.” Panayiotou had submitted a mediation proposal which both Hellenic Bank […]

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Lamda Development group achieves record high in 2023 financial results

Lamda Development group achieves record high in 2023 financial results

The Lamda Development group announced a new record high for 2023 on Wednesday. Its consolidated operating result (EBITDA) for 2023 showed profits of 206 million euros, a 69% increase compared to €122 million in 2022. The group’s total EBITDA before asset valuations and other adjustments amounted to a profit of €132 million in 2023, compared […]

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CySEC empowering youth with Financial Literacy initiatives

CySEC empowering youth with Financial Literacy initiatives

The Cyprus Securities and Exchange Commission (CySEC) has called for financial education to be included in the core curriculum in schools as it completed its rich and targeted activities program for this year’s Global Money Week 2024 (GMW 2024). The GMW campaign is an international initiative dedicated to enhancing financial literacy, especially among the youth. As pointed […]

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Cyprus has one of largest increases in RES share in EU, Minister says

Cyprus has one of largest increases in RES share in EU, Minister says

Cyprus has, in the last two years, one of the largest increases in the share of Renewable Energy Sources (RES), among the EU member states, Energy Minister George Papanastasiou has said. He was speaking during the 14th Assembly of the International Renewable Energy Agency (IRENA) in Abu Dhabi on 18 April. In the framework of […]

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Foreign Media: Siem Reap, a budget-friendly summer vacation destination in Asia

Foreign Media: Siem Reap, a budget-friendly summer vacation destination in Asia

According to the Bangladesh-based Daily Star, Siem Reap, a cultural province of Cambodia, has been classified among the five Budget-Friendly Summer Vacation Destinations in Asia. Located in Southeast Asia, Siem Reap is a gem with breathtaking temples, vibrant cafés, and serene canals, the Daily Star commented. One of the most amazing sights in the world, […]

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Garment, footwear exports up 20% to $2.9B in Q1

Garment, footwear exports up 20% to $2.9B in Q1

Cambodia exported garment, footwear and travel goods worth 20 percent more than $2.9 billion in the first quarter, as per a report from the General Department of Customs and Excise. This compared to $2.4 billion in goods sold for the same period last year. Year-to-date (January-March) there was an increase of 23 percent in exports […]

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Cambodia’s trade with Vietnam rises nearly 25%

Cambodia’s trade with Vietnam rises nearly 25%

Neighbouring Vietnam has consolidated its position as the second biggest trade partner of Cambodia after China with trade volume between the two rising by 24.5 percent to reach $2.32 billion in the first three months of this year (Q1, 2024), compared to the same period last year, according to data released by the General Department […]

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Kirirom holds immense promise​ as new tourism draw

Kirirom holds immense promise​ as new tourism draw

With the Royal Government of Cambodia emphasizing tourism as one of the key pillars for achieving Prime Minister Hun Manet’s Pentagonal Strategy, travel and tourism players are unanimous that Cambodia needs more attractions. A promising prospect in this respect is the less well-known potential of Kirirom National Park. Kirirom National Park, with its distinctive pine […]

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