Here are the top business stories in Cyprus from the week starting August 26: Starting with the economic landscape, the value of Cypriot bonds held by the Eurosystem has decreased to €6.38 billion as the European Central Bank (ECB) proceeds with its balance sheet reduction. These actions represent a strategic effort to tighten monetary policy amid inflation […]
Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year. In addition, the bank’s solid capital position was highlighted by a pro forma CET1 ratio of 26.55 per cent and a pro […]
PHNOM PENH: Cambodia’s famed Angkor Archaeological Park made US$30.33 million from ticket sales in the first eight months of 2024, up 31.3 per cent from US$23.09 million over the same period last year, said an official report on Sunday, according to Xinhua.The Angkor attracted 651,857 international tourists during the January-August period this year, up 30.7 […]
Carobs had their own festival on Friday, giving visitors the chance to taste all kinds of sweets and watch the dark brown syrup being made first-hand. The event was organised by Akamas municipality and Peyia football club in the Ayios Georgios church yard in Peyia. Addressing the event, Peyia deputy mayor Andreas Christodoulou said this […]
A joint promotional campaign, “Live Unforgettable Moments,” launched in August, seeks to attract visitors from key markets such as the United Kingdom, Scandinavian countries, Germany, Switzerland, Austria, Poland, and France. Leveraging innovative online platforms, the campaign aims to captivate potential travellers and showcase the unique offerings of the region. The campaign is the result of […]
A shipment of 3,577 packages of humanitarian aid from Cyprus has arrived at Israel’s Ashdod port via the maritime corridor, according to The Times of Israel. The aid was transported by sea through the corridor to the Gaza Strip, as confirmed by COGAT, the Israeli agency overseeing the coordination of humanitarian deliveries to the region. Since the […]
September brings with it a string of events to suit all tastes If you thought festival season ends when August does, think again. Just as summer does not really end in Cyprus (not for a while anyway), neither does the festival agenda. Come September, and annual festivals return to every corner of the island. Septemberfest: […]
The Council for the Development of Cambodia (CDC) and the Indo-Pacific Agriculture and Agri-Food Office (IPAAO) have met to discuss Cambodia’s agri-food trends and the potential for bilateral cooperation. The discussions were held at the CDC headquarters in Phnom Penh on Wednesday this week between Suon Sophal, Deputy Secretary General of the Cambodian Investment Board […]
The Republic of Cyprus recorded a fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary general government fiscal results released by CySTAT. This figure represents 2.2% of the country’s GDP and marks a substantial increase from the €345.9 million surplus (1.2% of GDP) reported during the same period […]
The Minister of Energy, Commerce, and Industry, Giorgos Papanastasiou, and the new Minister of Petroleum and Mineral Resources of Egypt, Karim Badawi, have discussed, ways to cooperate to expedite the utilization of natural gas discoveries in Cyprus’ Exclusive Economic Zone (EEZ). An official press release said Badawi’s visit to Cyprus took place following an invitation from […]
Hellenic Bank on Friday posted a profit after tax of €189 million for the first half of 2024, marking an 18 per cent increase compared to the same period during the previous year. In addition, the bank’s solid capital position was highlighted by a pro forma CET1 ratio of 26.55 per cent and a pro forma Total Capital ratio of 32.19 […]
The entrepreneurial spirit in Cyprus shone brightly at the Startup World Cup Cyprus Finals 2024, where Fincom emerged victorious among nine competing startups. Presented by Unlimit, the event showcased the innovative prowess of the region, culminating in Fincom’s triumph as the latest champion. Fincom, led by CEO & President Gideon Drori, captivated the judges with […]
Location Pano Lefkara is a hilltop village in Cyprus known for silver and lace-making. The village is popular with tourists who usually visit for a day trip, but it’s well worth spending a few days here. Just a 30-minute drive into the hills from Larnaca airport (or an hour from Nicosia), the Agora Hotel offers an ideal […]
Cyprus is a treasure trove of breathtaking landscapes, and there’s no better way to experience its diverse beauty than by hitting the road. From winding coastal routes to mountain passes with stunning vistas, the island offers a range of scenic drives that cater to every taste. Whether you’re a classic car enthusiast or just someone […]
The Cyprus general government recorded a surplus of €702.50 million, equivalent to 2.2 per cent of GDP, during the first seven months of 2024. According to a report released on Friday by the Statistical Service of Cyprus (Cystat), this marks a significant improvement from the €345.90 million surplus (1.2 per cent of GDP) reported during the same period in […]
In a bold move to revolutionize regional travel, Thailand is spearheading a proposal to establish a Schengen-like visa system among six Southeast Asian countries. This initiative is designed to build on the success of recent visa-free travel policies that have already proven effective, with Thailand experiencing a tourism boom, welcoming 28 million tourists in 2023 […]