The Council for the Development of Cambodia (CDC) held a meeting with representatives from RMA (Cambodia) and Minebea (Cambodia) to prepare for the 3rd meeting of the Advisory Council for the development of the automotive and electronics sectors. Nut-Un Voanra, Deputy Secretary General of the Cambodian Investment Board (CIB) of CDC and Head of the […]
The Deputy Secretary General of the Cambodian Investment Board (CIB) Suon Sophal, today led a working group to meet and discuss with Li Yongjun, Director-General of the General Department of Economic Cooperation and Overseas Investment of the Ministry of Commerce of China, with the aim of exchanging views on investment cooperation and the development of […]
Larnaca’s Tourism Board (ETAP) has announced an ambitious plan to enhance the region’s tourism infrastructure for 2025, building on its success as Cyprus’s third most popular destination despite having significantly fewer accommodation options than competing regions. With just 5,817 beds compared to Limassol’s 9,874, Paphos’s 27,441, and Famagusta district’s 37,809, Larnaca has seen tourist arrivals increase […]
The Presidency of the Republic of Cyprus has described the achievement of the government’s goal of creating conditions for full employment within the first two years of governance as a significant labour achievement with a strong positive impact on the economy and society. More specifically, in a post on X, the Presidency reports that unemployment […]
The Research and Innovation Foundation (RIF) on Monday announced a new call for proposals under its Fast Track Innovation programme. According to the announcement, the programme aims to support existing businesses that wish to invest in the development and commercialisation of innovative products and services. It has a total budget of €2 million. “The Fast Track Innovation programme is open to businesses […]
Cyprus’ general government surplus for January 2025 stood at €566.9 million, equivalent to 1.6 per cent of GDP, according to preliminary data released on Monday by the state statistical service. This represents an increase compared to January 2024 but a decline in relation to December 2024. In January 2024, the surplus had reached €476.5 million or 1.4 per […]
Deputy Prime Minister Hun Many has announced that the upcoming blessing ceremony for the prosperity and well-being of the Kingdom of Cambodia, scheduled for April, will be a historic event for the nation. Many, who also serves as the Minister of Civil Service and President of the Union of Youth Federations of Cambodia (UYFC), shared […]
The Cambodia Securities Exchange (CSX) will welcome the listing of green and sustainability bonds from three companies that will raise funds from the stock market in 2025. Sou Socheat, Director-General of the Securities and Exchange Regulator of Cambodia (SERC) shared the information during a capacity-building workshop held in Phnom Penh. The Cambodia Sustainable Bond Accelerator […]
The Council for the Development of Cambodia (CDC) is working on the decentralization of the investment project registration process to the sub-national level to enhance a smoother and more efficient investment environment. CDC held a meeting to the effect on Friday with working groups from the Ministry of Interior on reviewing the connection of data […]
Ambassadors and Consuls General of Cambodia abroad have reaffirmed their commitment to further promote the country’s tourism potential to the world during their missions. This commitment was made during a meeting on March 9 between Huot Hak, Minister of Tourism, and a delegation of 19 Cambodian ambassadors, Permanent Missions, and Consuls General. In the meeting, […]
US Ambassador to Cyprus Julie Davis has stressed the crucial role of American investments in the economic development of Cyprus, highlighting opportunities in tourism, real estate, investment in higher education, sustainable energy and the attraction of international business centres. Davis was speaking during an event entitled “USA – Cyprus: strengthening trade and economic ties”, held at […]
The Cypriot real estate market saw significant activity in January 2025, with the 50 largest property transactions amounting to €30.1 million, according to real estate analytics firm Ask Wire. The company on Friday reported that the ten most expensive sales nationwide totalled €12.1 million during this period. The highest-value transaction was a house in Mouttagiaka, […]
US Ambassador to Cyprus Julie Davis this week highlighted the crucial role of American investments in Cyprus’ economic development. Speaking at an event at Neapolis University Paphos titled “USA – Cyprus: Strengthening Trade and Economic Ties,” Davis highlighted opportunities in tourism, real estate, the higher education sector, sustainable energy, and the attraction of international business hubs. According to […]
The Deputy Ministry of Tourism has expressed satisfaction with its participation at the ITB Berlin tourism conference this week, where minister Kostas Koumis led the Cypriot delegation. According to an official announcement, the meetings aimed at enhancing tourism from Germany yielded significant advancements, including a substantial rise in airline seats scheduled for 2025. Koumis engaged […]
Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per cent. In addition, profit before tax reached €258.7 million, with the announcement stating that the results “reaffirm the bank’s sound performance and resilience”. In addition, it highlighted its […]
Here are the top business stories in Cyprus from the week starting March 3: 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 […]