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 […]
Plans are underway for a €50 million mixed-use development project, “Hyperion Limassol,” at Limassol’s historic Old Port. The project’s centrepiece will be a 36-cabin observation wheel, similar to the London Eye, offering panoramic views from an estimated height of 147 meters above sea level. The project will be constructed on land created by reclaiming the […]
Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday. Thailand was the biggest tourism market for the Kingdom during the period with 588,312 visits from the neighbouring country, though it constituted a year-on-year […]
Prime Minister Hun Manet yesterday called for acceleration of modernisation of Phnom Penh city with the latest technologies, modern and smart devices including security cameras, solar panels and automatic irrigation systems in public parks. He told the Phnom Penh Municipal Administration (PPMA) that the capital city must enhance the city’s beauty and attractiveness and aspire […]
Prime Minister Hun Manet said yesterday that the Cambodian economy will grow in 2024 and achieve even higher growth in 2025, with all sectors showing fast recovery. Mr Hun Manet was speaking during the groundbreaking ceremony for the construction of the twin flyovers at Samdech Techo Hun Sen Blvd, on the border between Phnom Penh […]
Cambodia reported more than 2.5 million air travelers during the first five months of 2024, a year-on-year increase of 22 percent, Mao Havannall, minister in charge of the State Secretariat of Civil Aviation, said on Sunday. He said thirty-one international and domestic airlines have operated flights to the kingdom’s three international airports. Havannall added that […]
Senate President Hun Sen recently called for steps to further strengthen economic ties between Cambodia and Malaysia even as he expressed satisfaction with the growth of investment from Malaysia and the bilateral trade volume, especially Malaysia’s purchase of rice from Cambodia. Mr Hun Sen said this when he received a courtesy visit from Shaharuddin Onn, […]
Germany has opened an Honorary Consulate in Siem Reap province to promote cooperation with Cambodia. Ambassador of Germany to Cambodia Stefan Messerer, and Deputy Governor of Siem Reap province Yun Linne, co-presided over the inauguration ceremony of the Honorary German Consulate in Siem Reap City on Monday. Linne said that Siem Reap authorities pledged at […]
The Online Business Registration (OBR) service, an information technology nursery of the Ministry of Economy and Finance (MEF), approved 36,509 applications worth 46 trillion riels ($11.13 billion) in four years, of which 38 percent of the commercial owned by women, said a MEF release. Celebrating the fourth anniversary of the OBR service on Sunday, the […]
Cyprus experienced an increase of 9.4 per cent in beer sales in May, compared to the same month of the previous year, reaching 4,682,575 litres in total, a result of a rise in domestic demand, according to the Cyprus Statistical Service (Cystat). According to the Cystat report, which was released on Monday, beer sales intended […]