The Commissioner for State Aid Control Stella Michaelides on Wedneday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and Medium Enterprises (SMEs)”, according to which the total amount for aid granted has been set at €400,000. At the same time, the plan sets €30,000 as the minimum investment […]
Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign investments for the government of the Republic of Cyprus. He also extended a warm welcome to the recent business activities of the bank in Cyprus. According to […]
Around mid-May, the Cypriot Energy Regulatory Market (CERA) will put draft regulatory decisions in relation to the operation of the competitive electricity market in Cyprus for public consultation. In its announcement, CERA also states that with the contribution of specialized consulting services, it has recently completed the investigation of good practices at the European level […]
The Council for the Development of Cambodia (CDC) said a meeting was held on Tuesday to promote green investment. In view of rapid climate change and interest in the investor community towards greener investments, Sun Chanthol, Deputy Prime Minister and Vice President of Cambodia Development Council held a meeting with companies. Some of these companies […]
The Ministry of Environment (MoE) in collaboration with Leader Energy Holding Berhad known as ‘Leader Energy’ and River Ocean Cleanup (ROC) on Wednesday officially kicked off a five-year transformative project aimed at river cleanup operations along the Mekong, Tonlé Sap and Bassac rivers to produce renewable energy. The ‘Five-Year Cambodia Rivers Cleanup Mission’ was presided […]
The ‘Cambodia Malaysia China High-Tech Park’ spanning over an area of up to 100 hectares, with a potential expansion of up to 2,000 hectares is to be built at an estimated cost of $300 million in Kandal province. IQI Global and Cambodia’s Premium Housing Group signed a Memorandum of Understanding (MoU) to the effect during […]
Cambodia Association of Travel Agents (CATA) on Tuesday requested the Ministry of Tourism (MoT) to arrange trips for groups of international tourists and investors to explore the Kingdom this year. It also urged the ministry to facilitate their transportation as well as introduce the tourism potential investment sectors aimed at contributing to the socioeconomic development […]
Efforts to transform Cyprus into an innovation-led economy resulted in a partnership combining technology and sports Cypriot football club Pafos FC is poised to revolutionise the way its players train and perform on the field by partnering with i-BrainTech, a sports technology company specialising in athletic brain training. It should be noted that i-BrainTech’s decision to expand its operations to […]
Cambodia and the Hong Kong Special Administrative Region (SAR) will promote their relationship, particularly in terms of trade and investment. This was the topic of discussion in Hong Kong on March 19 between Sok Sopheak, Secretary of State at the Ministry of Commerce, and Ms Agnes Chan, Deputy Chairman of Hong Kong General Chamber of […]
The successful candidate with work closely with other colleagues and will provide support throughout the implementation of the agreed action plan for achieving results for the agency’s three-fold mandate: investment promotion, facilitation of investors and aftercare services. “We’re on the lookout for a dynamic Investment Promotion Advisor to join our team in Nicosia,” Invest Cyprus […]
The Indonesian Government is planning to import 22,500 tonnes of rice from Cambodia to complement domestic stocks in meeting the needs ahead of Eid al-Fitr, the National Food Agency (Bapanas) stated. “We are prioritising domestically-produced rice. However, we decided that Bulog (state-owned logistics firm) will procure rice from abroad this time. We will import 22,500 […]
In a major push for socioeconomic development and generating more job opportunities, the Royal Government of Cambodia (RGC) earmarked a three-year rolling plan for the Public Investment Programme (PIP) to complete 617 projects at the cost of $11.69 billion. Presiding over the 6th Plenary Meeting of the Council of Ministers, Prime Minister Hun Manet said, […]
Cambodia earned $215 million from the exports of rubber articles in the first two months of this year, an increase of 90 percent compared to the same period last year, according to the latest trade data of the General Department of Customs and Excise (GDCE). The data indicated that the rising trend in Cambodia’s rubber […]
AIQAR, an electric vehicles (EVs) distributor has collaborated with EV Energy Tech to provide free fast charging facilities for the whole year aimed at accelerating the adoption of electric transport over internal combustion engine vehicles signalling a promising future for the EV industry in the Kingdom. This happened yesterday as AIQAR launched its fast charging […]
Lao Airlines, the national airline of Laos, yesterday, resumed the operation of direct flights between Vientiane and Phnom Penh, offering a three-times-a-week service, scheduled every Tuesday, Thursday and Saturday. A Lao Airlines flight with 116 passengers on board arrived at the Phnom Penh International Airport on March 19 and it was given a ceremonial welcome. […]
The project to electrify Cambodia’s river systems, which is expected to cost a total of $600 million over five years, received its first tranche of $120 million in funding. The funding came in from the commercial arm of a major multilateral bank. Currently, this project is being pitched to investors, focused on renewable energy projects, […]