The Ministry of Tourism has outlined strategic initiatives to enhance and promote the country’s diverse tourism offerings, targeting 7.5 million foreign tourists in 2025. “The tourism sector is projected to see a significant increase in foreign tourists to reach the targeted goal of 7.5 million in 2025,” Minister Huot Hak said in the ministry’s annual […]
The Cyprus property market displayed stabilising trends in the fourth quarter of 2024, according to the RICS Cyprus Property Price Index by KPMG Cyprus, which tracks real estate price trends across all districts. The data revealed moderate increases in all property categories nationwide during the final quarter of last year. When compared to the third […]
President Nikos Christodoulides this week said that Cyprus’ industrial sector’s “vast potential” has yet to be fully exploited. Speaking at the official dinner of the Agios Athanasios Industrialists’ Association in Limassol on Tuesday evening, Christodoulides said that the government is revising its industrial policy, focusing on internationalisation and expanding Cyprus’ industrial presence abroad. Addressing attendees, including Transport Minister Alexis Vafeades, […]
DMA spurs 15-fold growth Cyprus-based Aloha Browser on Wednesday reported an impressive surge in European downloads, experiencing up to 15-fold growth in the year following the implementation of the EU’s Digital Markets Act (DMA). Founder of Aloha Browser, Andrew Frost Moroz, attributed the company’s rapid growth to both regulatory changes and Cyprus’ conducive business environment. “Cyprus’ progressive business environment […]
A productive discussion aimed at enhancing trade and economic relations among Cambodia, European member states, and Mexico took place as H.E. Ros Seilava, Secretary of State and Secretary-General of the General Secretariat for the Steering Committee of Public Financial Management Reform of the Ministry of Economy and Finance, H.E. Houl Bonnaroth, Director General of the […]
Cambodia and Denmark have reaffirmed their commitment to strengthening and expanding diplomatic relations, with a particular focus on maritime transport and port development. This was highlighted during a courtesy meeting and working discussion yesterday at the CDC’s office between Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of […]
Invest Cyprus, in collaboration with the Municipality of Nicosia, organised a networking event titled “Why Nicosia” on 25 February, aimed at bringing together the capital’s investors and institutional stakeholders to network and exchange views. The event was a platform to showcase Nicosia’s unique selling points as a premium destination for foreign direct investment and the […]
The Cyprus Securities and Exchange Commission (CySEC) on Tuesday marked ten years of social responsibility efforts, reinforcing its commitment to community support and sustainable development. According to an announcement, the commission has implemented a number of targeted initiatives over the past decade, “aimed at strengthening social cohesion and assisting vulnerable groups”. “We do not view corporate social […]
Invest Cyprus, in collaboration with the Nicosia Municipality, hosted a networking event this week titled ‘Why Nicosia’, aiming to connect investors with key institutional stakeholders. According to an announcement released on Tuesday, the event provided a platform for networking and exchanging views, reinforcing Nicosia’s position as a prime destination for foreign direct investment and corporate […]
The agreement for the sale of Ermes Department Stores’ investment in Superhome Centre DIY was finalised on Monday. In a statement issued by Ermes today, following its previous announcement on January 31, 2025, the company informed shareholders and the investment community that the transaction for the disposal of its stake in Superhome Centre (DIY) Limited […]
Limassol continues to lead the office rental market in Cyprus, with prices averaging €29 per square metre, while Nicosia remains a more affordable alternative at €13 per square metre, according to a report by Landbank Analytics. The analysis, compiled from major real estate platforms in January 2025, provides a comprehensive breakdown of office, retail, and […]
Prime Minister Hun Manet welcomed General Ronald P. Clark, Commander of the United States Pacific Command, for a courtesy call and discussions at the Peace Palace on February 24, 2025. Gen Clark is visiting Cambodia from February 24 to 25 at the invitation of General Mao Sophan, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces […]
Cambodia’s manufacturing sector experienced a robust growth in 2024 with the number of manufactures reaching a new high of 2,316 as of November last year, a report from the Ministry of Industry, Science, Technology, and Innovation showed. The report issued last week showed a significant increase of 210 factories in the manufacturing sector, or 10 […]
Numbers continue to grow as the 4th week of Phnom Penh’s Walk Street took place at the weekend. Additional attractions included more traditional dances, a display of Chapi Dang Veng souvenirs, painting groups, and exhibitions in front of the Royal Palace. The Phnom Penh Municipal Administration has put the Walk Street into trial operation two […]
The tourism industry contributed 9.4 per cent to Cambodia’s gross domestic product (GDP) last year, making the sector one of the key drivers of the country’s economy, according to a report from the Ministry of Tourism released on February 24. Cambodia has seen a positive surge in foreign tourist arrivals in 2024, significantly aiding the […]
Yin Li, a senior member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Secretary of the CPC Beijing Municipal Committee, expressed confidence in Cambodia’s continued economic growth and development. Yin registered his appreciation during a meeting with Prime Minister Hun Manet at the Peace Palace yesterday. Both leaders also […]