The average gross monthly earnings of employees in Cyprus reached €2,509 during the first quarter of 2025, according to a report from the state statistical service released on Tuesday. This reflects a 5.4 per cent increase compared to €2,382 in the first quarter of 2024. The report also indicated that seasonally adjusted average gross monthly earnings rose by 1.4 per cent in […]
MB Bank (Cambodia) Plc. (“MB Cambodia”) is pleased to bring greater benefits to its customers through a special promotion offering free overseas remittances to Vietnam, available from today until 31 December, 2025. This initiative reflects MB Cambodia’s commitment to providing secure, convenient and affordable financial services for customers, while also contributing to economic growth and […]
Limassol-based marine fuel trading firm Island Oil has opened a new international trading office in Dubai, marking its seventh trading desk globally and strengthening its presence across key marine fuel markets. Chief Operating Officer Vangelis Marinakis said the newly established Dubai office is “an important step towards the full coverage of the marine fuel market […]
MHV Mediterranean Hospitality Venture Plc, a leading player in the hospitality and real estate space, on Monday announced the approval of a new bond loan programme and subscription agreement amounting to a maximum of €20 million. According to a filing on the Cyprus Stock Exchange (CSE), the company confirmed that its board of directors examined […]
Total deposits in Cyprus recorded a net increase of €654.7 million in June 2025, compared to a net increase of €20.8 million in May 2025, according to data released by the Central Bank of Cyprus (CBC). The figures were published in the July 2025 edition of the monetary and financial statistics, which include data from monetary financial institutions […]
The Research and Innovation Foundation (RIF), in collaboration with the Deputy Ministry of Research, Innovation and Digital Policy, on Monday announced the launch of a new flagship funding programme titled ‘AI in Government‘. According the announcement, this initiative “marks a new era of digital transformation in the public sector through the deployment of Artificial Intelligence (AI)”. “The […]
The Bank of Cyprus (BoC) on Monday announced that its board of directors will meet on August 4, 2025, to examine the financial results for the Bank of Cyprus Group for the first half of the year. The meeting will also consider the declaration and payment of an interim dividend for the six months ended June 30, 2025. Moreover, […]
A newly configured archaeological site at the Protaras islands area in Paralimni has opened, the department of antiquities announced on Monday. The site includes the remains of a settlement from the neolithic pottery period (circa 5200-4800 BC), situated on a hill above Vyzakia beach. The site represents the largest excavated and studied settlement from this […]
Cambodia and Thailand have agreed to an immediate and unconditional ceasefire following a high-level special meeting hosted and chaired by Malaysian Prime Minister Dato’ Seri Anwar Ibrahim in Putrajaya, with the support and participation of key international stakeholders, including the United States and China. In a joint press release issued this evening, the governments of […]
The Council for the Development of Cambodia (CDC) yesterday hosted a delegation from AL Mansour Asia for a comprehensive discussion on the Kingdom’s current investment climate, with a specific focus on identifying prospective opportunities across key sectors, including agriculture, industry, infrastructure, and logistics. The meeting at the CDC headquarters saw Sun Chanthol, Deputy Prime Minister […]
1/6 Cambodia’s Angkor Wat, a UNESCO Heritage Site, described in 5 mesmering pictures Angkor Wat is one of the most stunning ancient temples in the world. The place, steeped in history, is a symbol of Cambodia and more than just a historic site. It is a journey through centuries of spirituality, belief, faith, and also […]
The Vice-President of the European Investment Bank (EIB), Kyriakos Kakouris, will be in Cyprus on an official visit on 31 July. According to a press release issued by the Ministry of Finance, the purpose of the visit is to sign the second tranche of a €100 million loan under the €200 million Loan Agreement between […]
The Cyprus Stock Exchange (CSE) announced the results of its semi-annual review (January–June 2025) regarding compliance with minimum market value requirements for companies listed on the Regulated Market. The review ensures that listed entities continue to meet both listing and ongoing obligations. Four companies—LCP Holdings, NET Info, Aiantas Investment, and Top Kinisis Travel—will have the […]
Cyprus has secured a key role in pioneering brain research through the participation of the Cyprus Institute of Neurology and Genetics (CING) in the European project META-BRAIN, formally announced on July 22 to mark World Brain Day. CING, a recognised centre of excellence in healthcare, research and education, has officially joined the research consortium of […]
OpenAI and Oracle (ORCL.N) will develop another 4.5 gigawatts of data center capacity, expanding a tie-up that has promised hundreds of billions of dollars in infrastructure investment to keep the US ahead in the global artificial intelligence race. The ChatGPT maker did not disclose the locations or funding details for the new facilities in its […]
German business activity continued to grow marginally in July, though at a slightly slower pace than in June, as manufacturing output expanded for a fifth consecutive month and services activity stabilised, a survey showed this week. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, fell to 50.3 points in July, down […]