Cyprus outperforms EU peers in managing public debt Cyprus’ gross government debt-to-GDP ratio stood at 70.5 per cent at the end of the second quarter, reflecting a drop both on an annual and quarterly basis. In contrast, the eurozone’s debt ratio stood at 88.1 per cent, while the average for the European Union was slightly […]
Hellenic Bank has announced the launch of new and upgraded service points designed to bring innovation to banking transactions. The new branches, equipped exclusively with advanced ATMs, will be located in strategic areas across Nicosia, Limassol, Larnaca, and Paphos. Specifically, the new ATMs can be found at the below locations: According to the bank, this […]
Cyta this week unveiled its new corporate identity, emphasising technological innovation and a customer-centric approach. During an event at the Cyprus Planetarium on October 21, the company showcased its renewed philosophy, focused on continual growth and better service for its customers. Cyta’s CEO Andreas Neocleous highlighted that this shift is not just visual but reflects […]
The Cyprus Securities and Exchange Commission (CySEC) on Tuesday released a statement requiring Cyprus Investment Firms (CIFs) to adopt the European Banking Authority (EBA) guidelines on the application of the group capital test, which will take effect on January 1, 2025. According to the commission, these guidelines aim to establish uniform regulatory practices for calculating […]
Cambodia has agreed with the Thai government’s initiative to facilitate cross-border travel for tourists from six countries in the region through a single visa policy called “6 Countries, 1 Destination”, positioning Thailand as a regional tourism hub, according to a source at Government House. The move came after talks between Cambodian Minister of Tourism Huot […]
A team of nine Cambodian high school students secured 2nd place at the 2024 FIRST Global Challenge, held in Athens, Greece, from Sept. 26-29, 2024. Competing against teams from over 190 countries, the Cambodian students showcased exceptional robotics skills. At a reception on Oct. 21, 2024, at the Ministry of Industry, Science, Technology & Innovation […]
Prince Bank is proud to announce its latest accolade of being named the ‘Best Bank for SMEs in Cambodia 2024’ by Euromoney. This recognition reflects Prince Bank’s dedication to offering innovative financial solutions tailored to the needs of small and medium-sized enterprises (SMEs) in Cambodia, further cementing the bank’s role in supporting local businesses and […]
First up was Larnaca itself, where the new Rise Street Art Hotel has brought a fantastic funkiness to the city AS Britain shivered, I was wandering along a sandy beach in Cyprus in dazzling 21C sunshine. At the water’s edge, a family relaxed on sunloungers while a man struck yoga poses. And even in winter, […]
‘This is a place where resilience runs deep, where every struggle only makes us stronger’ In Cyprus, legend tells of a warrior so mighty that his strength reshaped the very land… Digenis Akritas is our hero: a mythical figure who saved Cyprus from the invading Saracens. As he leapt across the sea to protect the […]
Authorities in Kato Paphos are embarking on a project to construct a modern four-lane highway. The road will stretch from the Tombs of the Kings in Kato Paphos to Coral Bay in Peyia, addressing long-standing infrastructure needs in this popular tourist region. Government departments, planners, and authorities have begun coordinated efforts to realise this significant […]
The Techo Takhmao International Airport (TIA), which is now nearing construction completion in Kandal Province’s Takhmao district, is a large-scale airport development that might just transform Cambodia’s capital city, Phnom Penh, into the “new Singapore” of the region, observed an op-ed article published by UK-based media outlet the Daily Express. The article published on October […]
Australia Friday pledged cooperation across various sectors to assist the Royal Government of Cambodia (RGC) in its transition from the least developed countries (LDC) status. The commitment was made during the discussion between Prime Minister Hun Manet and Derek Yip, newly appointed Australian Ambassador to Cambodia in Phnom Penh. Congratulating the newly appointed ambassador, Mr […]
The Cambodia Development Council (CDC) spelt out elaborate plans to visit several European Union (EU) countries as part of its ongoing ‘Knock-on-Door’ mission to attract potential investors to the Kingdom. The delegation aims to showcase Cambodia’s favourable investment climate and attract potential investors from the EU to explore opportunities in the Kingdom. The information was […]
The 9th National Skills Competition 2024, organized by the Ministry of Labor and Vocational Training (MLVT), began yesterday aimed at engaging the next generation in understanding the importance of skills while attracting key investors from both domestic and international markets. Heng Sour, Minister of Labor and Vocational Training, presided over the opening ceremony of the […]
Cyprus’ nominal GDP amounted to €31.34 billion in 2023 (current prices) marking an annual increase of 6.5%, according to a major revision for 1995-2022 and a revised estimate for 2023, released by CySTAT. Cyprus’ real GDP (measured in volumes), expanded by 2.6% (instead of the previous 2.5%) amounting to €26.96 billion. The top five sectors […]
The government is monitoring developments in the economy and always responds in the context of the capacity of the economy and the public finances, Finance Minister Makis Keravnos has said, adding that the government is not dragged by “slogans and pressures.” The Finance Minister will on 21 October take part in a meeting between the […]