The government extended its anti-inflation package for four months, aiming to ease the burden of rising prices on households and businesses. The Council of Ministers approved the extension on Wednesday. The extended measures include: Government Spokesman Konstantinos Lettymbiotis emphasised the administration’s commitment to responsible fiscal policy while providing targeted support. He highlighted efforts to strengthen […]
The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively. According to the CBC’s macroeconomic forecasts (June […]
Cambodia and Singapore still have more room for cooperation for their bilateral benefit, focusing on key potential areas, including vocational training, education, energy security, environmental protection, regional peacekeeping, and regional prosperity. Prime Minister of the Kingdom of Cambodia, Hun Manet, made the remarks while meeting in Singapore this afternoon with Senior Minister Lee Hsien Loong, […]
Cambodia welcome 2.11 million foreign tourists in the first four months of this year, up 23 percent compared to the same period in 2023, according to a Ministry of Tourism’s report. Thailand topped the list of foreign arrivals to Cambodia during the said period with 588,312 visitors, though the figure represents a year-on-year decrease of […]
Prime Minister Hun Manet and Singapore Prime Minister Lawrence Wong have decided to set up a joint working group to promote trade and investment between the two countries and also agreed to operate more direct flights to encourage tourism. The decisions were taken when the two Prime Ministers, accompanied by top officials, met on Tuesday […]
Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. The NBC said, the main source of FDI inflows was China; which accounted for 45.6 percent of total FDI inflows to the region. The NBC said the sources for this data were […]
Firm and salty, Halloumi cheese is best when cooked and can stand up to countless preparations, from grilling to frying. This white cheese originated on the Mediterranean island of Cyprus, and is traditionally made with sheep’s milk, though you’ll also find cow’s and goat’s milk versions, or ones that are made with a combination. Halloumi […]
“We predict that real estate prices in the area will rise by double digits in the coming years,” Bell Real Estate Group claimed yesterday (Sunday) at the launch event of its flagship project in Larnaca, Cyprus. The elegant complex, spread over approximately 4 hectares, includes 7 architecturally designed buildings with 304 low-rise housing units, three pools, ornamental […]
Freedom Holding Corp. (FRHC), the parent company of Freedom24, this week reported record-breaking results for the fiscal year ending March 31, 2024. During this period, the holding company’s revenue doubled to $1.6 billion, while net income rose by 82 per cent to $375 million. The significant revenue growth was primarily driven by increases in interest […]
The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by successive credit rating upgrades, according to reports. According to sources cited by the Cyprus News Agency (CNA), there are indications that the ministry’s goal is to […]
‘I don’t know what Paradise is like, but I hope it smells of Cyprus!’ ALIX NORMAN discovers one of the island’s towns has been named a ‘Best-Smelling City’, and asks what aromas most strongly trigger our memories Watch people disembarking from a plane in Larnaca or Paphos, and it’s immediately clear who’s been to Cyprus […]
Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical Service (Cystat) revealed on Monday. Notably, the figures for this period show a rise in tourist numbers to 421,400 from 420,076 in May 2023, […]
Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical Service (Cystat) revealed on Monday. Notably, the figures for this period show a rise in tourist numbers to 421,400 from 420,076 in May 2023, […]
The Paphos Regional Tourism Board (Etap) hosted on Monday partners of the SMARTIES for SMEs project, in a move that seeks to bolster the competitiveness and resilience of small and medium-sized enterprises (SMEs) in the tourism sector. The initiative, underpinned entirely by European Union funding, seeks to distribute €375,000 among 15 SMEs to foster their […]
Representatives from eight German energy companies will be in Cyprus between 1 – 4 of July, following an initiative of the German Federal Ministry for Economic Affairs and Climate Action. The mission is organised by the Greek-German Chamber of Commerce and Industry with the support of the Cyprus Chamber of Commerce and Industry (CCCI) and […]
Deputy Minister of National Economy and Finance Nikos Papathanasis emphasized at the EU General Affairs Council of cohesion policy ministers that reforms must accompany investments to improve regional competitiveness. The meeting was held on Tuesday in Luxembourg. The session focused on linking the cohesion policy with the EU’s ongoing Strategic Agenda for 2024-2029 and addressing […]