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 […]
Greece and Cyprus have announced their cooperation in order to jointly promote their participation in the ‘European Transport Corridors,’ with mutual benefits and the strengthening of port infrastructure in both countries. This was announced after a meeting at the Ministry of Transport on the afternoon of 18 October, between the Minister of Transport, Communications and Works, Alexis […]
An inaugural event was held by the Republic of Cyprus mission in Mumbai, themed ‘The Cyprus-India Experience: Perspectives,’ which was spearheaded by Viraj Kulkarni, an entrepreneur and governance consultancy expert of global repute. Kulkarni’s leadership as Honorary Consul is expected to accelerate progress in fostering stronger ties between Cyprus and India, particularly in tourism and […]
New home sales in Cyprus reached €1.9 billion during the first nine months of 2024, according to a report from Nicosia-based firm Landbank Analytics. According to the report, this figure represents a 25 per cent increase compared to the same period in 2023. The report, based on sales contracts submitted to the Department of Lands […]
Cambodia’s international trade with 170 countries exceeded $52 billion from August 2023 to July this year, an increase of 9.4 percent compared to the same period last year, said Neth Pheaktra, Minister of Information (MoI). Presiding over the Cambodia Footwear Association (CFA) annual member gala dinner on Saturday, Pheaktra appreciated the collaboration between the CFA […]
Peace, political stability, macroeconomic stability and multilateral and bilateral free trade agreements have played a critical role in attracting foreign direct investment (FDI) and fostering economic growth in the Kingdom, said Sun Chanthol, Deputy Prime Minister and First Vice- President of Council for the Development of Cambodia (CDC). He emphasized Cambodia’s favourable investment climate during […]
The Kingdom exported 248,535 tonnes of rubber products earning more than $397 million in the first three quarters of 2024, according to a report released by the General Directorate of Rubber on Friday. According to the report, Cambodia exported 248,535 tonnes of rubber latex in the first nine months of 2024, an increase of 5,881 […]
There’s a broad consensus on Cambodia that it has become one of the attractive destinations of the world. In gist, it has become the apple of the eye for global investors. Going by the latest report of the Council for the Development of Cambodia – a nodal body for approving foreign investments – the country […]
Cyprus has developed into a modern, effective and comprehensive shipping hub and is now the biggest shipping management centre in Europe and one of the three largest in the world, Deputy Shipping Minister Marina Hadjimanoli said on Saturday. She was speaking at the opening of the fourth Thalassa festival in Limassol inaugurated by her and […]
Cyprus has emerged as a standout performer in the European Union’s latest life satisfaction survey, showing a marked improvement over the past decade. According to recent Eurostat data, Cyprus saw the largest increase in life satisfaction among EU member states, with its score rising from 6.2 to 7.5 out of 10. This surge places Cyprus […]