The Cyprus Chamber of Commerce and Industry (CCCI) has signed a Cooperation Agreement with the EU SME Centre aiming to provide substantial support to local SMEs in establishing, developing and maintaining commercial activities in the Chinese market. In a press release on Friday CCCI said that the EU SME Centre is a European Union initiative […]
Experts gathered in Nicosia this week to discuss strategies for enhancing the economic and digital inclusion of women, in a significant event jointly organised by the Union for the Mediterranean and the Office of the Gender Equality Commissioner of Cyprus. This session, which took place on Thursday, served as a crucial forum for addressing the […]
CDB Bank this week announced the commencement of its partnership with the Bank of New York Mellon as its correspondent bank. According to an official announcement by the Cyprus Development Bank Public Company (cdbbank), the Bank of New York Mellon, headquartered in New York, “is one of the largest financial institutions in the United States, […]
The Cyprus Stock Exchange (CSE) has announced the acceptance of the listing of 16,000 13-week Treasury Bills, 3rd issue, Series 2024 (31/05/2024 – 30/08/2024), with a nominal value of €1,000 each, amounting to a total value of €16,000,000. According to the announcement, these bills were issued following an auction held on May 27, 2024. The […]
Royal Jordanian Airlines this week announced that it will operate eight flights per week from Paphos airport to Jordan during the summer season. “From June 13 to September 13, Royal Jordanian will conduct eight weekly flights, providing easy access to Jordan’s rich heritage and stunning natural landscapes,” the airline said. Karim Makhlouf, Chief Commercial Officer […]
Cypriot real estate firm FOX Estate Agency this week announced its official partnership with IQI Global, a leading real estate network and member of the Juwai IQI group. According to the announcement, this strategic collaboration “marks a promising chapter for FOX as it teams up with a global leader in the real estate industry“. Moreover, the […]
Economic sentiment in Cyprus improved in May 2024, with the Economic Sentiment Indicator increasing by 1.6 points compared with April. According to the Economics Research Centre of the University of Cyprus (CypERC), the increase was mainly driven by stronger business confidence in services. The increase in the Services Confidence Indicator was attributed to firms’ improved […]
The increased expectations of the Government and the great importance it attached to the visit of the Emir of Qatar, Tamim bin Hamad Al Thani, were confirmed in the clearest way during his meeting with the President of the Republic, Nikos Christodoulides. According to InBusinessNews sources, during both the private meeting and the extended talks […]
Industrial Production in Cyprus rose by an annual 3.4% in March, marking annual gains for the eleventh consecutive month. According to data published Cystat, the Industrial Production Index in March reached 107.8 units (base 2021=100). For the period January – March 2024, the index recorded an increase of 4.8% compared to the corresponding period of […]
Official data from Cypriot and Polish authorities confirms Paphos as the most popular Cypriot destination for Polish tourists. Polish tourist arrivals in Cyprus surged 45% in 2023 compared to 2022, exceeding 273,500 visitors. Notably, Paphos captured nearly half (49%) of all Polish tourists visiting Cyprus. Unprecedented air connectivity between Paphos and Poland bolsters this trend. […]
PHNOM PENH, May 31, 2024 – Prime Minister Hun Manet today announced that construction of the Funan Techo Canal is set to commence in August. He spoke about the project at the opening of the Buddhist Cultural Centre of Cambodia in Phnom Sruoch district, Kampong Speu province, describing it as “a significant national symbol and […]
Hungary is committed to further boosting investment and trade with Cambodia. The commitment was made by H.E. Tibor Baloghdi, Ambassador Extraordinary and Plenipotentiary of Hungary to Cambodia, during a meeting with H.E. Huot Hak, Minister of Inspection in Phnom Penh, on May 28. H.E. Tibor Balogdhi underlined that further promotion of economic cooperation, investment, and […]
The Council for the Development of Cambodia (CDC) recently organised a meeting to draft a roadmap and form an advisory council for the effective development of the automotive and electronic sectors in the Kingdom. Nut-Un Vaoanra, Deputy Secretary General of the Cambodian Investment Board (CIB) of CDC presided over the technical inter-ministerial meeting to establish […]
The Council for the Development of Cambodia (CDC) has approved four new industrial investment projects worth USD $25 million which are expected to create over 1,200 jobs in the Kingdom’s Southwest. These new projects located in Kampong Speu province and the surrounding regions cover a diverse range of manufacturing activities, including medical equipment, light bulbs, […]
The capital city’s infrastructure upgrades, like the Phnom Penh Autonomous Port, new airport, highways, will prove of great advantage to SME clusters of WorldBridge, said Allen Dodgson Tan, Chief Strategy Officer, WorldBridge. He said this at a meeting with diplomats from various countries at the WorldBridge i4.0 SME Cluster zone in Kandal province, hosted by […]
TOKYO — Cross-border QR code payments made through Cambodia’s Bakong digital financial system are set to boost the use of the Southeast Asian nation’s riel currency, the governor of its central bank told Nikkei Asia on Friday. Over 80% of Cambodia’s economy still operates with the U.S. dollar as part of a dual-currency system, with […]