Minister of Labour and Social Insurance Yiannis Panagiotou has announced that the social partners (Trade Unions and Employers) have agreed on his proposal over the issue of participation of third-country nationals in the Cyprus labour market. The three-point agreement paves the way for the discussion aiming to shape an “agreed content” regarding the updating of […]
Cooperation between the Ministry of Finance and the Central Bank of Cyprus is necessary to keep the country’s economy in the right framework of financial stability, especially under the current geopolitical conditions, Finance Minister Makis Keravnos has said. He was speaking on 22 April, following his meeting with the newly appointed Governor of the CBC, […]
Recognising the vital role of official development assistance (ODA), the Council for the Development of Cambodia (CDC) organised a consultative discussion to finalise the draft guideline for partnership mechanisms and tools to strengthen relationships with development actors that will contribute significantly to socio-economic development. Rith Vuthy, Secretary-General of the Cambodian Development and Cooperation Board (CDCB) […]
PHNOM PENH, April 24, 2024 — Nestled on the banks near Siem Reap and Battambang’s Ek Phnom district, Prek Toal village within the Tonle Sap Lake area continues to attract both domestic and international tourists, eager to experience its unique ecotourism offerings. Despite geographical challenges, the destination remains a vibrant hub for those interested in […]
Indonesia is keen on expanding trade cooperation with Cambodia to agricultural products other than rice. Rice has already helped Indonesia to become the number six trading partner for Cambodia. Digital and green energy are the two new areas in which Indonesia is keen to cooperate with Cambodia, said Indonesian Ambassador to Cambodia Santo Darmosumarto at […]
In an effort to build a Cambodia-China Community (CCC) – enriched by the diamond hexagon cooperation – the two countries agreed to expedite the formulation of a master plan for the ‘Industrial and Technological Corridor’ (ITC) and ‘Fish and Rice Corridor’ (FRC) to promote imports of the Kingdom agriculture products to the People’s Republic of […]
The archaeological site at the Paphos gate on the western edge of Nicosia’s walled city is now open for visitors. “Through the antiquities department’s excavations in the area, the importance of the gate is one of the main access points to Nicosia’s walled city,” Deputy Culture Minister Vasiliki Kassianidou said. She said the gate had “timeless […]
The Old municipal market of Nicosia has been getting a revamp. Recently renovated as the CYENS Centre of Excellence took hold of the downtown building, the market is now ready to reveal its new look. A grand opening event on Tuesday will bring together politicians, performers and the public. Almost 60 years after its construction, […]
The ongoing debate over multiple pensions for former and current state officials has taken center stage in Cyprus, with the Cypriot government facing criticism from political parties and the country’s Audit Office. Finance Minister Makis Keravnos convened a meeting with parliamentary parties to address the issue, but only representatives from two parties attended. The absence […]
Cyprus ended 2023 with a fiscal surplus of 918.7 million euros, the country’s Statistical Service (CyStat) said on Monday. However, the country still has a significant debt of €23.03 billion, which is about 77.3% of its total economic output. On the revenue side, Cyprus saw a big boost in the money it collected. Total revenue […]
Travel Expo Cyprus 2024, organised by the Association of Cyprus Travel and Tourism Agents (ACTA), kicked off during the weekend, April 19 to 21, with a wave of optimism for the new tourist season. The exhibition, attended by 45 exhibitors, was inaugurated at the state fair grounds in Nicosia. The event saw the joint inauguration by the Deputy […]
The first quarter of 2024 has ended with an increase of 5. 4%, in tourist arrivals, compared to last year, Deputy Minister of Tourism Costas Koumis has confirmed. He was speaking to reporters on the sidelines of the 20 April Fish Festival taking place in Polis Chrysochous of Paphos district. “You understand that we are […]
The Ministry of Finance, the Swiss depository, SIX, and the Cyprus Stock Exchange have announced the ‘Go Live’ of the dual- listing of the EMTN of the Republic of Cyprus at the Cyprus Stock Exchange. The first Trading Day in the EMTN officially commenced on 27 March. According to a Ministry of Finance press release, […]
Here are the top business stories in Cyprus from the week starting April 15: In recent developments from Cyprus, Marinos Christodoulides, President of the Cyprus Stock Exchange (CSE), emphasised the significance of enhancing the bond market and introduced European Medium-Term Notes (EMTNs) by the Republic of Cyprus into the CSE. These initiatives are part of broader ambitions to expand […]
A privately-owned cardboard manufacturing facility has been given the green light for its upcoming investment plans by the Preah Sihanouk Provincial Sub-Committee on Investment, said Kouch Chamroeun, Governor of Sihanoukville Province recently. The company, Cooper Packing (Cambodia) Co., Ltd., intends to construct the factory in O’Chamnar Village, O’Oknha Heng commune, in Sihanoukville province’s Prey Nob […]
The Ministry of Tourism (MoT) and Henan Provincial Administration signed an agreement on Monday to strengthen people-to-people connectivity between the two nations to boost tourist flow with Henan province, which is home to many heritage sites including the ruins of Shang dynasty city and the Shaolin Temple. Sok Soken, Minister of Tourism, held a meeting […]