Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a recent Eurobarometer survey published by the European Commission. The survey highlighted the need for targeted support to help SMEs expand […]
The Retail Trade Turnover Value Index in Cyprus saw a 3.1 per cent increase in September 2024 compared to the same month in 2023, according to a report from the Cyprus Statistical Service. During the same month, the Retail Trade Turnover Volume Index also rose by 3.3 per cent year-on-year, indicating an overall growth in […]
Cambodia is boosting its tourism sector with visa-free travel for 11 countries, including Thailand, Vietnam, Indonesia, Malaysia, and Seychelles as of October 2024. This initiative enhances regional connectivity and invites more visitors to explore Cambodia’s rich cultural heritage, stunning landscapes, and historic sites. Located in Southeast Asia, Cambodia is known for its deep-rooted history from the […]
November is an exciting month events-wise. Street food, book festivals, markets, concerts and all sorts of cultural happenings are taking place all over the island. Cinephiles can now also look forward to Japanese film nights as the Embassy of Japan is once again organising a series of screenings in Nicosia and Limassol. Four screenings are […]
Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents made at least one trip involving an overnight stay, reflecting an 8.4 per cent increase from 2022. The data shows that while […]
Cambodia’s famed Angkor Archaeological Park earned $35.98 million from ticket sales in the first 10 months of 2024, up 29 percent from $27.88 million over the same period last year, said an official report on Friday. The UNESCO-listed Angkor attracted 774,203 international tourists during the January-October period this year, up 28.4 percent from 602,570 during […]
A series of actions and projects to support, highlight and strengthen tourism in Cyprus, is anticipated to be promoted and implemented in 2025 by the Deputy Ministry of Tourism, according to its Budget, as it was recently submitted to the Parliament for discussion and voting. Among other things, the Deputy Ministry will carry out advertising […]
The Ministry of Development announced the approval of 271 investment projects throughout Greece, with a total budget of 858 million euros. According to a statement, the approvals concern two cycles of tourism (162 investments) and one cycle of manufacturing (109 investments) of the Investment Incentives Law of 2022. Businesses will receive €224 million as a […]
The Cyprus Mail speaks with Paschalis Nicolaou, a multilingual specialist in international business with extensive experience as a China market consultant. With fluency in Mandarin and a strong foundation in both Cypriot and Chinese business practices, Nicolaou has developed a niche for bridging cultural and commercial divides between Cyprus and China. His journey began with a […]
Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents made at least one trip involving an overnight stay, reflecting an 8.4 per cent increase from 2022. The data shows that while […]
On 30 October, Chinese tyre manufacturer Sailun announced it is building an industrial park in Cambodia called the “Cambodia Kampot Special Economic Zone Project” (Kampot SEZ). Furthermore, Sailun said that it is preparing to set up a wholly-owned subsidiary, Kampot Bay Investment Co., Ltd., in Cambodia, which will be responsible for implementing the Kampot SEZ. […]
A team from Amazon Prime is currently in Cyprus as one of the reality shows it has invested in, the Danish version of Roast on the Coast, is filming in Paphos, with the Director and Chairman of the Cyprus Film Commission, Lefteris Eleftheriou, revealing that he has met with the officials who he said are […]
Siem Reap Angkor International Airport (SAI) is gearing up for a significant boost in international connectivity as three more airlines have confirmed their plans to launch direct flights to the Siem Reap province, home of famed ancient temples. Domestic airline Sky Angkor Airlines will serve its direct flight between Siem Reap Angkor International Airport to […]
The German Federal Ministry for Economic Cooperation and Development (BMZ) and the Council for the Development of Cambodia (CDC) yesterday discussed economic relations and government policies to strengthen development cooperation and forge stronger partnerships. Chhieng Yanara, Senior Minister in Charge of Special Missions and also Second Vice-Chairman of CDC received a courtesy call from a […]
The office of the council of ministers said Cambodia’s GDP per capita in 2025 is expected to rise to $2,924—a rise of over 40 percent over the projected 2024 figures. Economic growth is expected to reach 6.3 percent. This would bring the current GDP to nearly $51.398 billion. The industrial sector is projected to grow […]
“We will be seeing the economic impact of Find Me Falling in the millions of euros for years to come” In this exclusive interview with the Cyprus Mail, Dionysios Manganis, Executive Producer at Green Olive Films, and Simos Manganis, Founder and CEO, delve into the rise of Cyprus as a competitive player in the global film […]