As the Khmer New Year holiday approaches this weekend, officials and key insiders have placed high hopes that people travelling during the holiday will contribute to developing the tourism sector in the top destinations nationwide. Main tourism destinations from the cultural landscape in Siem Reap province to coastal provinces sit in the country’s southwestern part, […]
Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to utilize it daily. Consequently, this strategic initiative aims to harness the power of GenAI to boost productivity, expedite service delivery, and foster innovation. Designed […]
The I-STARS project, aimed at promoting sustainable tourism in Europe, has completed the selection process of a total of 125 tourism businesses from Cyprus, Greece, Ireland, Italy, and Spain, each receiving grants of up to €5,600. The I-STARS project initiated an open call in July 2023, inviting businesses from various tourism sectors to apply for […]
The Ministry of Energy, Commerce and Industry has announced the second phase of the New Business Activity Support Plan, amounting to €20 million. This Plan forms part of the “THALEIA” Programme for 2021-2027 and is co-financed by the European Regional Development Fund (ERDF), the European Social Fund (ESF) of the EU, and the Republic of […]
There is increased interest in organised trips from Poland to the free Famagusta area, tourism officials said after participating in a recent travel expo in the country. The Famagusta Tourist Development and Promotion Company said that together with hotels from the area, it represented the free Famagusta district in the Roadshow organised by the Deputy […]
The CIM Summit took place on April 6th, 2024, at the Bank of Cyprus Headquarters in Nicosia. The theme of the summit was “The Future of Business: Adapting to a Changing Landscape”. In a time marked by rapid technological advancements, cultural shifts, and global challenges, companies must remain vigilant to react and adapt to these […]
Cyprus was the first country in the EU in terms of the rate of absorption from EU Cohesion Funds for the period 2014 to 2020, according to data presented by the Permanent Representative of Cyprus to the EU, Christina Rafti, during a discussion at the European Parliament’s Committee on Regional Development (REGI). In total, Cyprus […]
The Fredriksen Group, led by shipping magnate John Fredriksen, is contemplating moving a significant portion, if not all, of its shipping operations from Norway to Cyprus, citing dissatisfaction with Norway’s framework conditions. In a Finansavisen newspaper interview, Fredriksen expressed frustration over the nature of Norway’s regulatory environment, including sudden rule changes, fees and taxes, which […]
Cambodia’s economy is forecast to grow at 5.8 percent in 2024 and 6.0 percent in 2025, fueled by a further rebound in tourism and strong manufacturing prospects, according to the latest edition of the Asian Development Bank’s (ADB) flagship economic report released on April 11. “Despite global economic challenges, Cambodia’s economy performed well in 2023,” […]
Cambodia Investment Review The Cambodian economy is set to experience an acceleration in growth rates in the next two years, buoyed by a returning tourism sector and robust manufacturing activities, the Asian Development Bank (ADB) outlined in its latest Asian Development Outlook (ADO) report for April 2024. The forecasted growth rates of 5.8% for 2024 […]
Traditions of one of the island’s historic villages combine with the future of art in a new space. SARA DOUEDARI meets the visionaries behind the gallery where old meets new among lemon and olive trees Down an alley in the village of Lefkara, a traditional brick building stands, leading into a gallery space that contrasts […]
Drawing parallels to Singapore’s iconic Merlion, the half-man half-lion sculpture that has become synonymous with the city-state, the newly unveiled statue of a seahorse has shot to national prominence. The hitherto unheralded small town of Kampot now boasts of a tourist attraction as emblematic as the Merlion. The statue standing at a height of 8 […]
Cyprus is in place to become a regional centre for technology and innovation, according to Deputy Minister of Research, Innovation and Digital Policy, Nikodemos Damianou said at the 14th Nicosia Economic Congress. “Today, with the actions we have taken, we are in a better position than ever to be able to speak in a meaningful […]
Deputy Minister of Tourism, Kostas Koumis has stressed the importance of international collaboration to overcome the widespread challenges facing the tourism sector. Speaking at the 70th Session of the Europe Commission of the World Tourism Organisation (UNWTO) in Tirana Koumis emphasised the commonality of issues across European tourist destinations. He pointed out that these challenges, from the […]
There was increased interest in organised trips from Poland to the Famagusta district during a roadshow in Poland by the Famagusta Tourism Board (Etap) and hoteliers of the district. The Roadshow organised by the deputy ministry of tourism, between April 8 and 10 visited Warsaw, Krakow, and Katowice. During these sessions, Etap Famagusta engaged with leading Polish tour […]
Members of the recently elected Board of the Cyprus Investment Funds Association (CIFA) met with the President, George Theocharides, the Vice President, George Karatzias, and key executives from the Cyprus Securities and Exchange Commission (CySEC), marking a significant stride towards enhancing collaboration and fostering mutual objectives concerning the funds industry in Cyprus. Importantly, the discussions […]