President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said hotel occupancy in July ranges between 80 and 85 per cent, stating that the flow of reservations is normal for this time of year. “We are at the peak of the summer season,” Michaelides told to the Cyprus News Agency (CNA), explaining that July and August […]
Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou participated in the Informal Competitiveness Council of the European Union on Research, which took place in Copenhagen, Denmark, between July 16–17, 2025. According to an announcement released on Friday, the minister held political discussions with a number of his counterparts. During these discussions, the minister is said […]
The national flag carrier – Air Cambodia (K6) flight K6929 landed on July 18 at Siem Reap Angkor International Airport from Shenzhen, China, carrying a whole load of passengers, marking the inauguration of the first direct flight route between Angkor Wat—a UNESCO World Heritage site—and China’s four major first-tier cities: Beijing, Shanghai, Guangzhou, and Shenzhen. […]
EU proposes $2.33 trillion budget BRUSSELS – The European Commission on Wednesday proposed a two-trillion-euro ($2.33 trillion) budget for 2028-2034 for the European Union (EU). The budget proposal would raise EU spending to an average of 1.26% of the bloc’s gross national income, up from around 1.1% during the current 2021-2027 cycle. European Commission President Ursula […]
Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, received a farewell call from Park Jung Wook, Ambassador of the Republic of Korea (ROK) to Cambodia, at the ministry yesterday, upon the conclusion of his diplomatic mission. According to the Ministry of Foreign Affairs and International Cooperation, during the farewell meeting, […]
Synopsis: Both countries underline the need to foster new investment opportunities that would benefit the two countries. Cambodian Ambassador to Bulgaria Chea Chanboribo Tuesday suggested establishing the Cambodia-Romania Chamber of Commerce, envisioning it as a platform to facilitate dialogue and create new investment opportunities for the mutual benefit of both countries. The suggestion was made […]
Preah Khan Reach Svay Rieng Football Club (PKR Svay Rieng) held a groundbreaking ceremony for the upgrade of Svay Rieng Stadium this morning. The stadium was built in 2015 with a seating capacity of around 2,000 which was expanded to about 4,000 spectators in 2023. The ceremony was presided over by club president Dy Vichea, […]
Synopsis: Officials are actively working to attract more foreign investment into the cashew nut sector, particularly in processing and value-added production. Cambodia exported cashew nuts worth over $700 million in the first six months of 2025, an increase of 56 percent compared to the same period last year. According to a report released by the […]
Synopsis: Trade between the Kingdom and UK exceeded $300 million in the first four months of 2025, up nine percent compared to the same period last year. At a total import cost of $10.3 million, cars topped Cambodian imports from Britain last year, according to the latest statistics released by the British Department for Business […]
Synopsis: Both countries are pursuing initiatives to enhance their economic relationship, creating a more favourable environment for trade and investment. Bilateral trade between Cambodia and South Korea has shown impressive growth in the first half of 2025, amounting to $438 million, up 10.7 percent from $396 million in the same period last year, an official […]
Cyprus’ Harmonised Index of Consumer Prices (HICP) rose by 0.5% year-on-year in June 2025, according to data released by Cystat. On a monthly basis, the index increased by 0.4% compared with May. The largest annual price increases compared to June 2024 were recorded in Recreation and Culture (7.5%) and Restaurants and Hotels (5.5%), while Clothing […]
The cost of transitioning to a net-zero emissions economy in Cyprus depends heavily on the chosen policy mix, particularly regarding how carbon tax revenues are used, according to research conducted by the Finance Ministry in collaboration with the University of Cyprus’ Economics Research Centre (CypERC). The findings of this research were published in a European Commission study aimed […]
Cyprus recorded one of the smallest declines in energy use across the EU services sector in 2023, as the bloc’s overall consumption fell by 1.9 per cent compared with the previous year, released on Thursday by Eurostat, the statistical office of the European Union. The EU’s services sector consumed a total of 4 937 petajoules (PJ) last […]
The Paphos regional tourism board (Etap) on Thursday announced a change in leadership, with Michalis Mitas appointed as its new president. Mitas takes over following the conclusion of previous president Kyriakos Drousiotis’ two consecutive terms from 2021 to 2025. At a special session held on Wednesday, the outgoing president said that he was “handing over a financially healthy tourism […]
Cyprus’ property market remained resilient in the first half of 2025, with sales documents rising 16 per cent year-on-year and the total value of property transfers approaching €2.3 billion. Paphos continued its upward trend, posting €485 million in transfer values and a 20 per cent rise in sales documents to 1,653, both for permanent and […]
Germany and Denmark boost Cyprus tourist numbers Tourism in Cyprus continued to strengthen in June 2025, with tourist arrivals rising 3.4 per cent year-on-year to reach 498,527, compared to 482,261 in June 2024, according to the state statistical service. For the first half of the year, tourist arrivals totalled 1,843,013, up 11.5 per cent from 1,652,475 in the […]