The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
Agriculture Minister Maria Panayiotou has announced a new decree concerning the milk quota for the production of Halloumi with Protected Designation of Origin (PDO) status. The Minister also announced financial measures and tools to support the sector. Additionally, Panayiotou announced the implementation of a new software for goat and sheep milk tracking, set to be […]
Cyprus Public Transport (CPT) marked its fourth anniversary, showcasing its role in transforming public transportation and attracting more passengers. CEO Julio Tiron, speaking at a media event, highlighted the company’s achievements, including daily ridership exceeding 36,000. He added that CPT employs over 600 staff, making it a leading employer. “Four years ago, we took on […]
A delegation of investors and businessmen from Australia and New Zealand recently visited Cambodia to explore potential investment opportunities. The group, led by Cheunboran Chanborey, Ambassador of Cambodia to Australia and New Zealand met with officials of the Council for the Development of Cambodia (CDC) on Monday to gain a deeper understanding of the government’s […]
Home sales in Cyprus surged 31% in 2023 from 2022, the highest increase among European Union countries, according to data released by Eurostat, the EU’s statistical service. This notable growth marks the third consecutive year that home sales in Cyprus have risen, contrasting sharply with trends in most other EU countries, where transactions have generally […]
Cambodia attracted fixed-asset investment of US$3.2 billion in the January-June period of this year, up 194 percent from US$1.1 billion recorded in the same period last year, the Council for the Development of Cambodia (CDC) said in a news release on Friday. A total of 190 investment projects have been approved during the above-mentioned period, […]
Cambodia has registered 1,614 electric vehicles (EVs) as of June 2024, said a news release from the Ministry of Public Works and Transport on Tuesday. The news release said the three most popular EV brands in the Southeast Asian country are China’s BYD, Japan’s Toyota, and Tesla. It added that the kingdom had recorded 658 […]
Cambodia exported 338,654 tonnes of milled rice in the first six months of 2024, a year-on-year increase of 2.7 percent, the Cambodia Rice Federation (CRF) said on Tuesday. The milled rice exports earned the Kingdom a total revenue of $247 million, up 7.8 percent from the same period last year, the report said. The Kingdom […]
Hermes Airports, which manages and operates both the Larnaca and Paphos international airports, on Monday announced that it has received an award for its leadership and HR practices. According to the announcement, the HR Excellence Award was awarded to Hermes during the Annual Congress & General Assembly of ACI Europe, which took place last week […]
Approximately 7,000 people in Cyprus work in forex, although the actual number may potentially be much higher than that, according to recently published research from TradeInformer, a business-to-business news and research portal that covers the global retail trading industry. According to the above figure, this means that approximately 1.65 per cent of Cypriot private sector […]
The Cyprus Statistical Service (Cystat) announced on Monday that the total number of vehicle registrations from January to June 2024 increased by 19.2 per cent, reaching 26,250. This represents a significant rise from the 22,021 vehicles registered during the same period in 2023. Focusing on saloon passenger cars, there’s been an increase of 17.2 per […]
Building permit issuance in Cyprus saw a rise of 8.3 per cent in the period from January to April 2024, compared to the corresponding period of the previous year, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, local authorities issued 2,545 permits in the first four […]
Cyprus has been recognised as a Strong Innovator in the European Innovation Scoreboard for the third consecutive year, according to an announcement released on Monday by the Deputy Ministry of Research, Innovation and Digital Policy. The ministry stated that Cyprus has secured 10th place among EU member states, achieving 106.3 per cent of the European […]
Cambodia has knocked off Ivory Coast to become Vietnam’s biggest supplier of raw cashew nuts. Earlier it was the African nation that held the position. The General Department of Customs of Vietnam made the announcement on Saturday. As per figures in 2024, January to May saw Cambodia take the number one position as Vietnam’s biggest […]
Cambodian Prime Minister Hun Manet stated that France remains one of Cambodia’s largest trade and investment partners among European countries. In the first five months of 2024, Cambodia-France trade volume reached $206.41 million. The premier spoke on Monday during the 2nd Cambodia-France Business Forum opening at Sofitel Phnom Penh Phokeethra. “France remains a key partner […]
Regional Free Trade Agreements such as ASEAN and RCEP, bilateral agreements with China and Korea and bilateral agreements with China and Korea have created massive markets for Cambodia for new investments, said Kith Meng, President of the Cambodia Chamber of Commerce. The Kingdom has been one of the fastest growing economies in the region and […]