Cyprus’ Composite Leading Economic Index (CCLEI) experienced a mild acceleration in August, recording a year-on-year increase of 0.8 per cent. This follows year-on-year increases of 0.5 per cent and 0.4 per cent in July and June 2024, respectively. According to a statement from the University of Cyprus’ Economics Research Centre (CypERC), which compiles the index, […]
Cyprus’ shipping registry has seen a 12 per cent increase in sea-going vessels, according to Deputy Minister of Shipping Marina Hadjimanolis. Hadjimanolis’ update on the Cypriot shipping registry was delivered during a visit to Athens, from September 18 to 20, where she also met key maritime industry figures to discuss future collaborations. Moreover, the deputy […]
The Cyprus Chamber of Commerce and Industry (Keve) and Invest Cyprus on Monday co-organised a forum that sought to promote the island as a place through which Lebanese businesses can gain access to the European Union. The organisers said that the event, titled ‘Discovering Cyprus: A Hub for Business Growth and Opportunities’, marked a “significant […]
The Bank of Cyprus on Monday officially resumed trading on the main market of the Athens Stock Exchange (ATHEX) after a seven-year absence. According to an announcement by the bank, “the milestone was marked by the traditional ringing of the bell, symbolising the start of the trading session”. In addition, the bank said that “this […]
The Women’s International Shipping & Trading Association (WISTA International) is set to hold its 50th annual general meeting and Conference from October 9 to 11 at the Amathus Beach Hotel in Limassol. The event will bring together 300 global leaders to discuss innovation, diversity, and sustainability in the maritime and trade industries. This conference will […]
The Bank of Cyprus on Monday officially resumed trading on the main market of the Athens Stock Exchange (ATHEX) after a seven-year absence. According to an announcement by the bank, “the milestone was marked by the traditional ringing of the bell, symbolising the start of the trading session”. In addition, the bank said that “this […]
Cyprus’ wholesale trade and motor vehicle sectors grew during the second quarter of 2024, according to a report released on Monday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index for wholesale trade rose by 7.7 per cent compared to the same period last year, while the index for the sales and repair […]
Cyprus needs a long-term energy strategy with well-defined objectives, according to the chairman of the Cyprus Energy Regulatory Authority (Cera) Andreas Poullikas. “The provision of affordable energy services is key to sustainable development,” Poullikas said in a recently published analysis piece. However, he also noted that the key challenge facing countries today is to develop […]
Aspiring entrepreneurs will gather in Nicosia on Tuesday for the Startup World Cup Nicosia Finals, an event offering Cypriot startups the chance to showcase their ideas on a global stage. Organised by The Future Leaders Club and presented by Asbis, the event will take place at the ‘CIM – Cyprus Business School’ from 17:00 to […]
Greek and Cypriot energy regulators have approved €550 million in recoverable revenues for IPTO, Greece’s power grid operator, for 2024-2025, clearing a major regulatory obstacle for the Greece-Cyprus electrical interconnection project. This decision paves the way for IPTO to issue a full notice to proceed to cable manufacturer Nexans, effectively resolving an impasse that had stalled the project. […]
Cyprus leads the EU in aeroplane use, according to Eurostat data published on the occasion of the European Mobility Week. The data show Cyprus has a high reliance on air travel, with 23.2% of passenger kilometres attributed to this mode of transport. Air transport has seen a notable increase EU-wide, rising by 6% compared to […]
Finance Minister Makis Keravnos on Saturday hailed rating agency Morningstar DBRS’ decision to give Cyprus a credit rating of BBB (high) and upgrade the island’s outlook from “stable” to “positive”. Reacting to the news, he said the government “will continue to … promote the appropriate financial plans which will allow the maximum possible utilisation of all the […]
AirAsia Cambodia is set to spread its wings by adding a new route from Siem Reap to Singapore commencing from 9 November 2024. Fares are on sale today between Siem Reap to/from Singapore today for the travel period from 9 November 2024 starting from just USD109* all in fare/one way. As one of the world’s […]
PHNOM PENH: Cambodia’s economy has consistently demonstrated remarkable growth, averaging 7% annually in the decade preceding the COVID-19 pandemic. Despite global challenges, the country’s economy is projected to expand by 5.2% in 2023, solidifying its position as a dynamic investment destination (General Department of Public-Private Partnerships, GDPPP) . The Cambodian government has created a business-friendly […]
A day after he was appointed as Minister for Tourism, Huot Hak held two meetings with the private sector on Saturday outlining measures to give a fillip on increasing the number of foreign tourists. Hak held wide-ranging discussions with the Cambodia Association of Travel Agents (CATA) and Cambodia Destination Management Companies (CAM-DMC). Key issues were […]
Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. This was revealed in the General Department of Customs and Excise report on Saturday. Trade with RCEP […]