The Industrial Turnover Index increased by 2.6% in June 2024 on an annual basis, Cystat said. The index reached 136.6 units (base year 2021=100). For the period January to June 2024, the index recorded an increase of 2% compared to the same period in the previous year. In manufacturing, the Industrial Turnover Index for June […]
The Cyprus Information Technology Enterprises Association (CITEA) announced this week that it has signed a cooperation agreement with the Dubai World Trade Centre (DWTC). This agreement paves the way for Cypriot IT companies to participate in the prestigious GITEX technology exhibition, held annually in Dubai. This agreement marks a significant step forward for Cyprus’ growing […]
The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that the Shorewinner project, a pioneering effort to advance skills in the offshore renewable energy sector, is set for its official launch in Cyprus. The chamber will host the event at its premises in Nicosia on September 26. It is scheduled to start at 11:00 and conclude at […]
Alessandro Camilotti joins from Swedish financial technology company Klarna Digital banking platform FINOM, which also has offices in Cyprus, announced the appointment of Alessandro Camilotti as its new chief financial officer on Thursday. The Amsterdam-based firm explained that Camilotti’s appointment aims to bolster the executive team as FINOM scales its operations across the European Union. […]
Cyprus’ Turnover Value Index for the transport and storage sector reached 139.4 units in the second quarter of 2024, marking an increase of 1.8 per cent compared to the same period last year. The Cyprus Statistical Service (Cystat), which released its latest transport and storage sector report this week, noted that 2021 serves as the base year with a value […]
A large environmental and social initiative for Paphos and its neighbouring urban areas is advancing as architectural plans are being drawn up for the Eastern Linear Park. Situated along the borders of Paphos, Geroskipou, and Konia, the park will extend from the Limassol-Paphos motorway’s terminal roundabout to the Limnaria area in Kato Paphos. The project […]
The Bay of Lights, a transformative USD 16 billion coastal township development project, took center stage at the inaugural Singapore Business Expo 2024, coinciding with Singapore’s 59th Independence Day celebrations. Showcased as the groundbreaking project, the Bay of Lights is poised to transform Cambodia’s coastal economy and create ripple effects across the Southeast Asia region. Transforming […]
The Council for Development of Cambodia (CDC) is gearing up for an official trip to the United States to highlight the favourable investment climate that exists in Cambodia and attract potential investors from American companies to Cambodia. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, will […]
The benefits of investing in ASEAN and Cambodia are clear and compelling, Australian businesses were told recently by Sok Siphana, Senior Minister in charge of Special Missions, Chairman of the Trade Policy Advisory Board (TPAB) and Chairman of the Committee on the Promotion of Resolutions of Private Sector Issues. In his closing keynote address at […]
The Director General of the Council for the Promotion of International Trade Shanghai (CPIT Shanghai) Zhou Minhao, confirmed to Sun Chanthol, the First Vice President of the Council for the Development of Cambodia (CDC), aiming to explore the possibility of participating in the promotion of tourism, as well as trade and private investment between Shanghai […]
Cambodia recorded 3.53 million air travellers during the first seven months of this year, up 20%, if compared to the same period last year, said a State Secretariat of Civil Aviation’s report on Wednesday. The report said international and domestic airlines had operated 33,439 flights to the Kingdom’s three international airports during the January-July period […]
Deputy Prime Minister Sun Chanthol, first vice-president of the Council for the Development of Cambodia (CDC), has expressed a desire to see more US and EU investment in Cambodia as the CDC prepares to launch a mission in the US to attract companies there later this month. He made the remarks during a meeting with […]
The Turnover Index in Transport and Storage for the second quarter of the year showed an annual increase of 1.8%, reaching 139.4 points. According to the Statistical Service, compared to the second quarter of the previous year, increases were recorded in the following economic activities: land transport (6.7%), water transport (6.4%), postal and courier activities […]
Saudi Arabia’s Transport Minister Saleh Al Jasser visited the Eurogate Container Terminal in Limassol this week to review its upgraded infrastructure and operations. According to Eurogate, During the visit, Al-Jasser, accompanied by Cyprus’ Transport Minister Alexis Vafeades and Deputy Minister of Shipping Marina Hadjimanolis, toured the terminal. He was briefed by Chief Operating Officer Alexandros […]
The Deputy Ministry of Tourism this week announced the launch of the second round of its grant scheme for the revival of rural, mountainous, and remote areas. The scheme is aimed at enhancing and upgrading Cyprus’ tourism product through the creation of authentic experiences. The announcement also said that the scheme follows a relevant decision by the Council of Ministers.Interested […]
Administrative, support and real estate services in Cyprus performed well during the second quarter of 2024, according to the latest services turnover value index report. Specifically, according to the Cyprus Statistical Service (Cystat), administrative and support service activities saw an increase of 11.3 per cent compared to the same period in 2023. Real estate activities […]