Revenue from tourism amounted to €1.13 billion in the first half of 2024 marking an increase of 4.2% year on year, data released by CySTAT show. Based on the results of the Passengers Survey carried out by CySTAT, revenue from tourism in June 2024 reached €385.2 million compared to €361.5 mn in the corresponding month […]
From September 2023 to August 2024 – the first year under the seventh-mandate government of Prime Minister Hun Manet – the Council for the Development of Cambodia (CDC) approved 391 new and expanded projects, amounting to over $7.5 billion in investment, which created approximately 340,000 jobs. The figures, which represent an increase of 168 projects […]
Phnom Penh, August 28, 2024 — Cambodia and Canada have discussed ways to promote bilateral trade in agriculture and agri-food filed of both countries to the next level. The discussion was held here on Aug. 27 between H.E. RATH Saravuth, Secretary of State at the Ministry of Commerce, and visiting Ms. Diedrah Kelly, Executive Director […]
Cambodia attracted 391 fixed-asset investments worth $7.5 billion in the first year of the 7th Mandate of the new government with China topping the list of sources, a report from the Council for the Development of Cambodia (CDC) showed yesterday. The projects increased by 168 and the capital invested by 161 percent compared to a […]
The Research and Innovation Foundation (RIF) has published a report with all the grants it has given since 2016, with the two state universities receiving almost a third of some €180m. The report, entitled “2016 – May 2024: Cumulative funding table per beneficiary – the top 100 beneficiaries”, names the 100 leading public and private […]
Motorcycle registrations, concerning both small and large vehicles, are on the rise, occupying a significant part of the market. According to CySTAT data, motorcycle registrations for vehicles of over 50 cubic centimeters (cc) in the period January – July 2024 increased by 6.1%, reaching 2,218, compared to 2,090 in the corresponding period last year. At […]
Cyprus’ tourism revenue reached €385.2 million in June 2024, marking a 6.6 per cent rise compared to €361.5 million in the same month of the previous year. According to the Cyprus Statistical Service (Cystat), tourism revenue totalled €1.13 billion in the first half of 2024, up by 4.2 per cent from €1.09 billion during the corresponding period in 2023. The average expenditure […]
Brookstreet Equity Partners, a Greek-founded fund management firm, whose investment footprint includes Cyprus, this week launched a new investment platform based in London. According to an official announcement, the new platform focuses on critical sectors such as artificial intelligence (AI), green energy, as well as health and longevity. “We believe these sectors will drive the […]
The Cambodian economy is demonstrating signs of an overall rebound in 2024, spurred by improving liquidity and improving export demand, says a recently released report, titled ‘Economic Snapshot and Outlook 2024’ by investment advisory firm, Mekong Strategic Capital (MSC). The positive outlook for 2024 and beyond follows a significant slowdown which dampened overall economic growth […]
Cambodia and Canada have discussed ways to promote bilateral trade in their agriculture and agri-food sectors, elevating it to the next level. Rath Saravuth, the Ministry of Commerce secretary of state, and Diedrah Kelly, the Executive Director of the Canadian Indo-Pacific Agriculture and Agri-Food Office (IPAAO), who is based in Manila, the Philippines, discussed the […]
From September 2023 to August 2024, in the first year of the 7th-mandate the Royal Government of Cambodia, the Council for Development of Cambodia (CDC) granted licences to 391 new investment projects and production expansion projects with a combined capital of over $7.5 billion. The figures show an increase of 168 projects and about $4.67 […]
The Council for the Development of Cambodia (CDC) strengthened ties with the Korea International Cooperation Agency (KOICA), one of the international development partners of the country, and recently discussed with it the development cooperation for 2025 and 2026. The discussions over lunch on Tuesday were led by Chhieng Yanara, Senior Minister in Charge of Special […]
A delegation of Canada-ASEAN Business Council, led by its President Wayne C Farmer, are visiting Cambodia to learn about the investment potential and opportunities in the area of agro and food industries and related supply chain. The delegation was received by Sun Chanthol, the First Vice President of the Council for the Development of Cambodia […]
The American University of Beirut – Mediterraneo (AUB Mediterraneo) will inaugurate its new Paphos campus on September 4, a significant milestone for its operations in Cyprus. The inaugural ceremony, scheduled for 7:00 pm on Wednesday, September 4 at Apostolou Pavlou Avenue 50, promises to be an event for both the university and the broader region. […]
The Cyprus Agricultural Payments Organisation (Capo) this week announced that it has established a strategic partnership with the Eratosthenes Centre of Excellence (ECoE), which operates within the Cyprus University of Technology (Tepak). According to the announcement, this key agreement was formally signed by Andreas Kyprianou, Capo Commissioner, and Diofantos G. Hadjimitsis, Managing Director of the ECoE. In their […]
The Cypriot government is in the process of creating a national strategy for cruise tourism, aimed at transforming the island into a prime destination in the Eastern Mediterranean, it emerged on Wednesday. The new cruise strategy, set to be finalised by the first half of 2025 is expected to further bolster the economy and job market, considering the […]