Andreas Pishias: CIBA has always supported the effective overhaul of the Tax Framework

Andreas Pishias: CIBA has always supported the effective overhaul of the Tax Framework

“The Cyprus International Businesses’ Association (CIBA) always supported the effective overhaul of the Republic of Cyprus’ Tax Framework in order to increase competitiveness of the Economy, always in line with EU Law and the procedural as well as substantive pre – requisites under the obligations towards EU,” Andreas Pishias says, speaking on behalf of CIBA’s […]

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Cyprus posts €1.5 billion surplus for 2024

Cyprus posts €1.5 billion surplus for 2024

BusinessTuesday 04 March | 13:340 Comments By Kyriacos Nicolaou Share: Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp increase from the €631.5 million surplus recorded in 2023, which accounted for 2 per cent of GDP. Total […]

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Tourism brings €3.2 billion to Cyprus in 2024

Tourism brings €3.2 billion to Cyprus in 2024

Tourism revenue in Cyprus saw a significant year-on-year increase of 17 per cent in December 2024, according to a report released on Tuesday by the state statistical service. Based on data collected from the traveller survey, which the service processes to produce its findings, tourism earnings for the month reached €86.9 million, up from €74.3 million in December 2023. For the entire year of […]

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CIBA reviewing proposed Cyprus tax reform measures

CIBA reviewing proposed Cyprus tax reform measures

The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official statement. Following its review, the statement said, CIBA will present its views and recommendations to president Nikos Christodoulides and Finance Minister Makis Keravnos. “These proposals will be made public immediately after submission,” the association said. Moreover, the association […]

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Cyprus celebrates Green Monday

Cyprus celebrates Green Monday

Cypriots are heading to the countryside today to celebrate Green Monday, a public holiday that marks the start of Lent with fasting foods and outdoor festivities. The day is rooted in both religious and cultural traditions, bringing together families and friends for picnics, games and kite-flying. Municipalities and communities across the island are organising events featuring […]

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Local authorities back $527M 5-star hotel and commercial centre project in Preah Sihanouk – Khmer Times

Local authorities back $527M 5-star hotel and commercial centre project in Preah Sihanouk – Khmer Times

Peninsula Bay Investment Co., Ltd. is investing $527 million in a 5-star hotel and commercial center project in Preah Sihanouk province, and local authorities are strongly supporting the project. On Wednesday, Long Dimanche, Deputy Governor of Preah Sihanouk province, presided over a meeting to discuss and gather feedback on the full environmental impact assessment study […]

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Cambodia commits to actively engage in the ASEM process

Cambodia commits to actively engage in the ASEM process

Cambodia reaffirmed a firm stance on continued active engagement in the Asia-Europe Meeting (ASEM) process, contributing to the ongoing strengthening of Asia-Europe relations, said Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn. “Despite the current challenges, Cambodia, as an active member and Chair of the 13th Asia-Europe Meeting Summit in […]

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VIDEO: Miss Global 2025 beauties thank Cambodia for warm welcome

VIDEO: Miss Global 2025 beauties thank Cambodia for warm welcome

Contestants in the Miss Global 2025 beauty pageant have thanked Cambodia for a warm welcome and charming hospitality. The Miss Global organisation stated: Thank you Cambodia for such an unforgettable experience filled with smiles, friendships, and meaningful memories. Every moment here has been truly special and will always stay in my heart. ❤️ Now, onto the next adventure—see […]

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K-water Explores Investment in Cambodia’s Water Resource Management (VIDEO)

K-water Explores Investment in Cambodia’s Water Resource Management (VIDEO)

The Korean Water Resources Corporation, known as K-water, a Korean government agency responsible for comprehensive water resource development and the provision of both public and industrial water in South Korea, is exploring investment opportunities in Cambodia’s water resource management sector. Yun Seog-dae, President of K-water and Chairman of the Asian Water Council (AWC), and his […]

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Govt highlights PM’s recent diplomatic and economic achievements

Govt highlights PM’s recent diplomatic and economic achievements

Prime Minister Hun Manet’s recent diplomatic and economic achievements were highlighted, reinforcing Cambodia’s role in regional and international platforms, strengthening foreign relations, and boosting economic resilience. Jean-François Tain, Minister Delegate Attached to the Prime Minister in charge of Foreign Affairs and International Cooperation, emphasised Cambodia’s evolving role in global affairs and economic strategy during the […]

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Trust drives investment and growth, Many says

Trust drives investment and growth, Many says

Hun Many, Deputy Prime Minister and Minister of Civil Service (MCS), Saturday said that the trust between the Royal Government of Cambodia (RGC) and the private sector drives investments and fosters continuous growth in the Kingdom. Addressing the opening ceremony of the ‘Auto Show 2025’ attended by the delegation of Cambodian Oknha Association (COA) led […]

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