In a move set to bolster innovation and technological advancement, three dynamic startup ventures, handpicked by the American University of Beirut (AUB) and the Zein AUB Innovation Park, are poised to make Paphos, in southwestern Cyprus, their new home. A delegation representing these firms, together with officials from the AUB, convened with Paphos Mayor Phaedon […]
The Cyprus economy’s growth rate in real terms during the first quarter of 2024 is positive and gross domestic product is estimated at 3.5% year-on-year, according to the flash estimate by the Statistics Department Cystat. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.3%. This is […]
Cambodia and South Korea are poised to strengthen their economic partnership with a plan to establish special economic zones dedicated to Korean companies in Cambodia as the two countries agreed to leverage the Regional Comprehensive Economic Partnership (RCEP) agreement and other free trade agreements for the benefit of all. This initiative, announced after a meeting […]
In a move to bolster economic ties and explore investment opportunities, Deputy Prime Minister Sun Chanthol, who is also the First Vice Chairman of the Council for the Development of Cambodia (CDC), recently met with prominent Korean business leaders in Seoul. This session took place on the sidelines of the official state visit of Prime […]
Cambodian Prime Minister Hun Manet raised two initiatives to promote trade and investment of Korean investors in Cambodia. The premier spoke at the opening ceremony of the Cambodia-Republic of Korea Business Forum on 16 May 2024 in Seoul, South Korea. PM Hun Manet highlighted that Cambodia seamlessly connects investors to a vast market through a […]
Cyprus’ tourism revenue surged by 15 per cent year-on-year in February 2024, marking a significant recovery following a slight 0.9 per cent dip in the first month of the year, according to a report released on Friday by the Cyprus Statistical Service (Cystat). The report, which utilised data collected by the traveller survey, revealed that […]
The Deputy Minister of Shipping underscored the commitment of the Cyprus Shipping Administration to intensify efforts in further supporting the shipping industry, while welcoming the International Investment Conference 2024 held in Limassol on Thursday and Friday. The conference is organized by the UK-Cyprus Business Association, aiming to promote business networking between the two countries. In […]
Some of the island’s leading business executives relayed their experience of doing business in Cyprus at the 2nd Cyprus: The New Global Tech & Innovation Hub Summit, held in Limassol to showcase the island’s key advantages as a business and tech hub. Coordinated by Invest Cyprus CEO Marios Tannousis, the panel discussion was entitled “Sunshine […]
The construction sector is one of the most important pillars of the economy, President Nikos Christodoulides has said, stressing the Government’s intention to support the sector. Speaking at an 8 May dinner on the occasion of the 40th anniversary of the establishment of the Cyprus Land and Building Developers Association (LBDA) the President noted that […]
The real estate market returned to an upward trajectory in April after the muted sales in March. The increase in sales in Nicosia and Larnaca was particularly impressive, while Limassol also moved up, maintaining the lead by a margin. Sales reached 5,000 According to data from the Department of Lands and Surveys, the number of […]
Prime Minister Hun Manet reiterated that his government will support the private sector and that regulatory compliance is not a cat-and-mouse game, where the authorities wait for private sector entities to make a mistake. While addressing the May 9 official launch of the Cambodia Confederation of Investors Association (CCIA), Manet said the government will support […]
Cambodia exported goods worth $8 billion in the first four months this year, up 15.2 percent from $7.60 billion in the same period last year, data from the General Department of Customs and Excise (GDCE) showed on Friday. The Kingdom’s imports also rose by 9.3 percent to reach $8.66 billion during the January to April […]
Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), on Friday met with representatives from Hainan Litree Purifying Technology Co., Ltd. to discuss the company’s interest in expanding its investment in Cambodia’s clean water sector. Cai Yunlong, Chief Executive Officer of Hainan Litree Purifying Technology, reported that the company established in 1992 is renowned […]
Cyprus on Thursday joined in the celebrations for Europe Day with events and ceremonies across the island marking the occasion – with the added significance of May 1 also commemorating the 20th anniversary of the Republic’s accession to the EU. The celebrations kicked off early in the day at Eleftheria Square in the capital, with the […]
PHNOM PENH, April 10, 2024 – Minister Sok Soken led a pivotal meeting this week with the leadership of the Ministry of Tourism to strategize on integrating the “BUILD + 3Ds” initiatives into the Ministry’s long-term action plan. The session concentrated on structuring a three-year action plan (2025-2027), focusing on core objectives, indicators, and directives […]
PHNOM PENH, April 10, 2024 — Cambodia’s exports have seen a significant rise, reaching US$8,005 million in the first four months of this year, marking a 15.2 percent increase from the US$7,606 million recorded during the same period last year. This data was provided by the General Department of Customs and Excise. The report also […]