The European Investment Bank is providing Cyprus with a further 100 million euros in funding for a range of road improvements in the country. The EIB credit will cover 50% of the costs of planned renovations and extensions to make road travel in Cyprus easier and safer. The agreement is part of a €200 million […]
Deputy Tourism Minister Kostas Koumis, recently met separately with the British High Commissioner to Cyprus Michael Tatham, and the French Ambassador to Cyprus Clelia Chevrier Kolacko, to explore ways of enhancing cooperation in tourism and boosting arrivals from both countries. During the meeting with Tatham, Koumis underlined the strategic significance of the UK market, calling […]
“Luxury is about space, privacy and authenticity” Few destinations embody the quiet elegance and natural beauty of the Mediterranean quite like Anassa, one of Cyprus’ most iconic luxury resorts. Nestled along the unspoiled coastline of Polis Chrysochous, the hotel has long been celebrated for its timeless design, impeccable service, and unique sense of place. At […]
A new monthly publication by Hermes Airports, Flight Mode, sheds light on how airlines decide to launch new routes, underlining that behind every added destination lies a complex, data-driven strategy involving demand forecasts, commercial performance and network optimisation. Hermes Airports, which manages and controls Larnaca and Paphos international airports, noted in the Flight Mode that […]
Deputy Prime Minister Sun Chanthol, First Vice Chairman of the Council for the Development of Cambodia and head of the working group for tariff negotiations with the United States, stated that setting the tariff rate on Cambodian goods exported to the United States to 19 percent will enable Cambodia to compete with neighboring countries and […]
Synopsis: Outward FDI is also a sign of increased competitiveness, as firms seek to expand their market share, access resources, and acquire new technologies in other countries. Cambodia’s cumulative Foreign Direct Investment (FDI) outflow stood at over $1.7 billion until last year, the World Investment Report 2025, published by the United Nations Conference on Trade […]
Revenue from tourism for the period January-May 2025 is estimated at €955.8m compared to €751.2m in the corresponding period of 2024, recording an impressive increase of 27.2%, according to data published by CySTAT. Based on the results of the Passengers Survey, in May, revenue from tourism reached €373.3m, recording an increase of 20.2% as compared to […]
The next couple of months will see crucial developments regarding the future commercialisation of the Kronos offshore gas field, the energy minister said on Thursday. George Papanastasiou said important talks were held in Nicosia last week between himself and Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources. Taking part in the talks were senior […]
The energy regulator on Thursday gave a provisional green light to the payment by Cyprus of €25 million to the project promoter for the Great Sea Interconnector, the planned subsea electricity cable linking the island to Greece. In a statement, the Cyprus Energy Regulatory Authority (Cera) said it has approved the payment of €25 million […]
Local wines can now be enjoyed with home-cooked dishes Letymbou village is famous for its vineyards, which inspired Theodoros to build his modern boutique winery found just outside the village, near his vineyards. He is the fourth generation to make wine, but the first who dared to promote it on a commercial basis. Established in […]
A good glass of local wine and a full moon sounds like the perfect pair. As long as the person serving it to you knows what makes good wine and Cascadeur in Lympia certain knows all about oenology. Though the popular bar is closing its doors in August, it is travelling to a few villages […]
A business delegation comprising 16 Singaporean companies has expressed strong interest in expanding investment in Cambodia, with a focus on the Kingdom’s growing industrial, technological, and innovation sectors. The delegation met with Hem Vanndy, Minister of Industry, Science, Technology and Innovation (MISTI), to explore new investment opportunities across a range of sectors, including life sciences, […]
Synopsis: The partnership will help mobilise capital and promote financial instruments that support long-term economic growth. The Cambodia Association of Securities Firms (CASF) and the Credit Guarantee Corporation of Cambodia (CGCC) signed a memorandum of understanding (MoU) to deepen cooperation in the securities market, boost investor confidence and expand access to sustainable financing to support […]
Sepaga E.M.I. has announced a new partnership with Cellock Ltd and the launch of the 7 Seas E-Wallet, a mobile banking solution designed specifically for the shipping industry. The announcement marks a significant step in addressing common transactional challenges faced by shipping companies, seafarers and suppliers. The 7 Seas E-Wallet has been developed to enable […]
Keve and Oev call for active support from Cypriot businesses The Cyprus Chamber of Commerce and Industry (Keve) on Thursday issued a statement to clarify the origins and purpose of the “Minds in Cyprus” platform, following what it described as “misleading announcements” that surfaced yesterday. Keve explained that “the platform was created as a result of […]
Cyprus has signed the second tranche of a €200 million loan agreement with the European Investment Bank (EIB), unlocking an additional €100 million to support road infrastructure and sustainable transport projects across the island. The agreement was signed on Thursday at the Finance Ministry by Finance Minister Makis Keravnos and EIB vice president Kyriakos Kakouris. It […]