Cyprus can double its tech sector within a few years, says seasoned investor 

Cyprus can double its tech sector within a few years, says seasoned investor 

Talent and infrastructure are the keys to global tech success    Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector contributing up to 15 per cent of the country’s GDP and generating approximately €4 billion in revenue in […]

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‘Govt committed to achieve sustainable economic growth’

‘Govt committed to achieve sustainable economic growth’

Chea Vanyuth / Khmer Times Prime Minister Hun Manet yesterday underlined the Royal Government’s commitment to achieving sustainable economic growth. In his keynote address at the ‘Cambodia Outlook Conference 2025’ themed ‘Cambodia’s New Growth Strategy Priorities for High Quality and Sustainable Development’ in Phnom Penh, Mr Hun Manet outlined a comprehensive roadmap to ensure the […]

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39,300 Aussie tourists visited Cambodia

39,300 Aussie tourists visited Cambodia

Sreekanth Ravindran / Khmer Times Cambodia is fast emerging as one of the favourite tourist destinations for Australian tourists with 39,300 short-term tourists visiting the Kingdom last year, according to Australian Bureau of Statistics (ABS). The length of tourism trips (involving at least one overnight stay) falls into two categories: long tourism trips are trips […]

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Cyprus to deploy renewable energy storage systems starting in 2026

Cyprus to deploy renewable energy storage systems starting in 2026

newsroom 4 March 2025 Cyprus will begin implementing renewable energy storage systems in 2026 at the earliest, Energy Minister George Papanastasiou announced during parliamentary discussions on Tuesday, addressing the country’s growing need to manage excess green energy production. The planned battery storage infrastructure, to be installed between 2026 and 2030, will have a total capacity of 160 megawatts […]

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Cyprus economic growth in 2024 estimated at 3.4%

Cyprus economic growth in 2024 estimated at 3.4%

Newsroom 05.03.2025 • 03:37 According to the first estimate for the year 2024 by the Statistical Service of Cyprus (CyStat), the growth rate of the island’s economy in 2024 was positive and is estimated at 3.4% in real terms. At current prices, the percentage change in gross domestic product amounted to 6.6%. Unmute Remaining Time -0:00Fullscreen Cyprus Economy

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Andreas Pishias: CIBA has always supported the effective overhaul of the Tax Framework

Andreas Pishias: CIBA has always supported the effective overhaul of the Tax Framework

“The Cyprus International Businesses’ Association (CIBA) always supported the effective overhaul of the Republic of Cyprus’ Tax Framework in order to increase competitiveness of the Economy, always in line with EU Law and the procedural as well as substantive pre – requisites under the obligations towards EU,” Andreas Pishias says, speaking on behalf of CIBA’s […]

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Cyprus posts €1.5 billion surplus for 2024

Cyprus posts €1.5 billion surplus for 2024

BusinessTuesday 04 March | 13:340 Comments By Kyriacos Nicolaou Share: Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp increase from the €631.5 million surplus recorded in 2023, which accounted for 2 per cent of GDP. Total […]

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Tourism brings €3.2 billion to Cyprus in 2024

Tourism brings €3.2 billion to Cyprus in 2024

Tourism revenue in Cyprus saw a significant year-on-year increase of 17 per cent in December 2024, according to a report released on Tuesday by the state statistical service. Based on data collected from the traveller survey, which the service processes to produce its findings, tourism earnings for the month reached €86.9 million, up from €74.3 million in December 2023. For the entire year of […]

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