Average monthly earnings up 5% in Q4 2024

Average monthly earnings up 5% in Q4 2024

Average monthly earnings in Cyprus increased by 5% in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by CySTAT. On a quarterly basis, and after adjusting for seasonal fluctuations, earnings rose by 1.2% in Q4 2024 compared to the previous quarter. Specifically, the average monthly earnings […]

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10 of the best places to visit in Cyprus

10 of the best places to visit in Cyprus

It’s not just the beaches and nightlife that bring visitors year after year — centuries of history and culture amid spectacular scenery make this the perfect destination Xenia Taliotis Friday May 23 2025, 5.00am BST, The Times Every generation of my family has been born in Cyprus and the magnetic pull of its blue-flag beaches, […]

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MME moots regulations for EV charging services

MME moots regulations for EV charging services

The Ministry of Mines and Energy (MME) is holding consultations with the private sector to highlight the requirement for a comprehensive regulatory framework for EV charging services in the Kingdom. This was stressed at an event organised by the MME under the theme ‘Principles and Procedures for Managing and Regulating the Development and Provision of […]

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BRI-backed industrial zone in Cambodia boosts economic growth, improve local livelihoods: PM

BRI-backed industrial zone in Cambodia boosts economic growth, improve local livelihoods: PM

Cambodian Prime Minister Hun Manet said here on Thursday that the Sihanoukville Special Economic Zone (SSEZ) has boosted the kingdom’s trade and economic growth and improved local livelihoods. The 11-sq-km SSEZ, jointly ventured by Chinese and Cambodian companies, is a flagship project under China’s Belt and Road Initiative (BRI). Hun Manet made remarks during a […]

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Cambodia’s Workforce at a Crossroads: Navigating the Transition from Low-Cost Labour to High-Value Industries

Cambodia’s Workforce at a Crossroads: Navigating the Transition from Low-Cost Labour to High-Value Industries

For years, Cambodia’s economic narrative was characterised by rapid growth fuelled primarily by low-cost labour and foreign direct investment (FDI), particularly in the garment manufacturing sector. Factories proliferated across the country, export volumes soared and employment opportunities flourished, creating the foundation for a decade of impressive GDP growth. However, as the global economic landscape evolves, […]

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Factory numbers up 12.5% under Manet

Factory numbers up 12.5% under Manet

In the first 20 months of Prime Minister Hun Manet’s seventh-mandate government, the number of large factories in Cambodia has swelled by an eighth. The Kingdom was home to approximately 40,300 large enterprises in August 2023, when the government was formed. By April this year, that figure had increased to 45,386. Heng Sour, Minister of […]

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Campaign to bring Cypriots back home

Campaign to bring Cypriots back home

Cyprus President Nikos Christodoulides has issued a heartfelt invitation to Cypriots living abroad: Come home and help build the future of Cyprus. Speaking in London to more than 750 Cypriot professionals at the “Minds in Cyprus” event, the president unveiled a national action plan designed to bring talented expats back to the island. The goal […]

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ASBISc revenue rises 33 per cent in April to $255 million

ASBISc revenue rises 33 per cent in April to $255 million

ASBISc Enterprises on Thursday announced estimated consolidated revenues of approximately $255 million for April 2025, marking a 33 per cent increase compared to the same month last year. In an announcement submitted to the Cyprus Stock Exchange (CSE), the company disclosed the figures as part of its commitment to regular revenue updates. The company clarified that the reported data is […]

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This Cambodian beach town costs less than your Netflix subscription (and delivers paradise for just $6 a night)

This Cambodian beach town costs less than your Netflix subscription (and delivers paradise for just $6 a night)

This idyllic coastal town in Cambodia might be the best travel deal you’ll find this year. For just $6 per night—less than what you pay for a standard Netflix subscription—you can wake up to pristine beaches, swaying palm trees, and the gentle sound of waves lapping against golden shores. The under-the-radar paradise that costs less […]

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Cyprus average wage hits €2,813 in fourth quarter of 2024

Cyprus average wage hits €2,813 in fourth quarter of 2024

Average monthly earnings in Cyprus rose by 5 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by the Cyprus Statistical Service (Cystat). When compared to the previous quarter, and after adjusting for seasonal fluctuations, average monthly earnings increased by 1.2 per cent in the fourth quarter of 2024. Specifically, […]

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Investors from Hungary urged to explore opportunities in Cambodia

Investors from Hungary urged to explore opportunities in Cambodia

Investors from Hungary have been urged to explore opportunities in the Kingdom’s various economic sectors from agriculture to information technology. This came as Khuon Sudary, President of the National Assembly, received Tibor Baloghdi, Ambassador of Hungary to Cambodia, on Tuesday at the National Assembly Palace. They acknowledged growing economic ties between the two nations, encompassing […]

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