By Nicolas Christodoulides, Senior ESG Analyst BOC is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces Stainability is often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs. One of the main threats to future generations is climate change, […]
Cablenet has broken the 10 per cent market share barrier in mobile contract subscriptions, climbing to third position, according to a report published by the Office of the Commissioner for Electronic Communications and Postal Regulation (OCECPR). The company noted that the report, which covers the period until the end of 2023, is “fully aligned with […]
The accommodation and food service sector was the second-largest contributor to both the economy and employment in Cyprus in 2021, according to Eurostat, the EU’s statistical service. Specifically, accommodation and food service activities had the largest contribution to the added value of the business economy in Greece, accounting for 6.5 per cent of the added value […]
The Cyprus Statistical Service (Cystat) on Tuesday released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the same period in 2022. According to the report, the average gross monthly earnings were estimated to stand at €2,693 during the fourth quarter of 2023, marking a noteworthy rise from €2,535 in the fourth quarter of […]
Capital Intelligence Ratings has revised the outlook on the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) to Positive from Stable. At the same time, it has affirmed the sovereign’s LT FCR and Short-Term FCR (ST FCR) at ‘BBB-’ and ‘A3’, respectively. The revision of the outlook reflects the faster than projected decline in general government […]
In order to contribute to the promotion of Cambodia’s prestige and resilience by turning Cambodia into a leading global tourism destination with diversity, full of opportunities, and warmth, and to celebrate the traditional Khmer New Year from April 13–16, 2024, the Ministry of Tourism instructed the Capital and Provincial Departments of Tourism to continue to […]
Prime Minister Hun Manet stated that the ASEAN-Cambodia Business Summit will be a potential opportunity to enhance cooperation and strengthen the relationship between ASEAN and its global partners, of which Cambodia is the focal point. The premier made this statement on the occasion of presiding over the official opening ceremony of the Cambodia-ASEAN Business Summit […]
Cambodia yesterday welcomed strategic partnerships and investments from across the region to achieve its targets of 70 percent installed renewable energy capacity and a 19 percent decrease in Total Final Energy Consumption (TFEC). While encouraging regional investors at the Cambodia-ASEAN Business Summit 2024 to join the clean energy initiatives of the Kingdom, Keo Rottanak, Cambodia’s […]
Cambodia is expected to see a 6.6-percent rise in its economy in 2024 from 5.6 percent in 2023, the country’s Prime Minister Hun Manet said here on Tuesday. The Southeast Asian country’s growth is mainly driven by garment export, tourism, agriculture, as well as construction and real estate. “Over decades, Cambodia has undergone a remarkable […]
Phnom Penh, April 1, 2024 – In a remarkable display of recovery and growth, Cambodia’s iconic Angkor Archaeological Park has recorded a substantial increase in foreign tourist arrivals in the first quarter of this year. According to the latest report by Angkor Enterprise, the park saw 385,769 international visitors, marking a year-on-year increase of 47 […]
Phnom Penh, April 1, 2024 – The World Bank’s latest economic forecast positions Cambodia and the Philippines as the leading lights of Southeast Asia, both set to achieve a 5.8 percent GDP growth in 2024. This robust expansion earmarks them as the fastest-growing developing economies within the ASEAN bloc this year. In a notable upward […]
Phnom Penh, April 1, 2024 – As Cambodia prepares to usher in the Khmer Traditional New Year this mid-April, Sankranta celebrations planned across the capital and various provinces are set to draw both domestic and international visitors in large numbers. These festivities, steeped in rich cultural traditions, promise a vibrant tableau of events, from traditional […]
There has been a significant increase in air traffic at Paphos Airport since mid-March, with officials from the managing company of Cypriot airports noting that this increase will be much larger from this month onwards, anticipating a summer with significant flight activity for Paphos. The rise in traffic follows the satisfactory winter activity of the […]
As we move through 2024, it’s clear that making conscious choices is more than a trend – it’s a crucial shift in how businesses operate. Companies are stepping up, driven by a collective call to action that respects our planet and treats people fairly. This movement goes beyond mere “green” or “ethical” gestures; it entails […]
Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat). The report revealed that Cyprus exported domestically produced products amounting to €508.39 million to EU countries during 2023, along with €1.84 billion worth of products to third countries. Moreover, the primary products exported by Cyprus to EU countries were […]
Cyprus’ Deputy Ministry of Tourism has announced a scheme to sponsor experiential workshops in traditional crafts, agricultural and livestock product processing, and gastronomy, in order to boost rural tourism. As outlined in a statement by the Ministry, the initiative, known as the Experiential Workshops Grant Scheme for Traditional Crafts, Agricultural and Livestock Product Processing, and Gastronomy for 2024, aims […]