A total of €24.25 million in new funding for innovative products and services has been launched by the Research and Innovation Foundation (RIF), according to director general Theodoros Loukaidis. Loukaidis has said that the new funding calls, strategic partnerships and flagship actions aim to strengthen Cyprus’ research and innovation ecosystem. “Our goal is to shape […]
Cyprus has overtaken the EU average in online banking, with 85.1 per cent of internet users managing their finances online in 2024, according to Eurostat’s Digitalisation in Europe 2025 report. The share rose from 77.7 per cent in 2023 and 71.4 per cent in 2022, reflecting a sharp increase in adoption. Across the EU, 72.4 per […]
The European Commissioner for Democracy, Justice, Rule of Law and Consumer Protection, Michael McGrath, will host a major meeting in Brussels focused on safeguarding consumer rights in the digital environment. The upcoming dialogue will bring together representatives from business associations, consumer organisations, and public consumer protection authorities from across the European Union. According to the […]
Synopsis: The year-long programme will engage 30 commercial entities through a gamified energy efficiency competition inspired by France’s CUBE contest. To support Cambodia’s ambitious objective to reduce energy consumption in commercial buildings by 25% by 2030—as outlined in the National Energy Efficiency Policy 2022–2030—the Ministry of Environment and sustainability consultancy Sevea officially launched the PowerWise […]
Cambodia Investment Review The inaugural edition of the Cambodia Economic Growth Policy Dialoguev, aired on National Television of Cambodia, featured an in-depth exchange between Dr. Sok Siphana, Senior Advisor to the Royal Government of Cambodia, and Derek Yip, Australian Ambassador to Cambodia. The dialogue explored the evolution of bilateral cooperation, Cambodia’s economic transformation, and future challenges as […]
How much pleasure can be found in a cup of coffee? How much history does it carry in its froth and how much ideology drips from its dregs? There is more to a cup of Cyprus coffee than its strong, bitter taste. In a new book on the matter, Aspasia Papadima unfolds the secrets of […]
A month after Prime Minister Narendra Modi’s visit to Cyprus, two Cypriot shipping companies – Interorient Navigation and Danship and Partners – have announced a collaboration to invest Rs 10,000 crore in the Indian shipping sector. “This investment of INR 10,000 crore is, by far, the largest-ever FDI (foreign direct investment) in the Indian shipping […]
Cambodia collected $1.47 billion in customs revenue in the first half of 2025, a year-on-year increase of 21 percent, the General Department of Customs and Excise (GDCE) said on Saturday. “The GDCE has achieved 58.6 percent of the revenue target set for the entirety of 2025,” GDCE Director-General Kun Nhem said in a press release. […]
Synopsis: Cambodia Airports will bring its expertise and experience to optimise operations at the large-scale airport complex with its terminal spanning over 240,000 square metres. Cambodia Airports has been named as the operator of the Techo International Airport, which is scheduled to open in September 2025. To operate the new international Phnom Penh airport, set […]
Synopsis: The surge in trade reflects the well-functioning economic artery of the country, driven by Cambodia’s stable and growing purchasing power and demonstrating the competitiveness of its exports. Cambodia’s total trade volume with its top 20 trading partners reached $30.57 billion in the first six months of 2025, representing a strong increase of 17.2 percent […]
Deputy Minister of Shipping Marina Hadjimanolis had a series of high-level meetings in London as part of an official working visit aimed at strengthening bilateral maritime relations between Cyprus and the United Kingdom, and promoting Cyprus’ candidacy for re-election to the International Maritime Organization (IMO) Council, Category C, for the 2026–2027 term. A key highlight of […]
The Chief Scientist, Demetris Skourides, has concluded a high-level business visit to the United Arab Emirates, reinforcing Cyprus’ positioning as a forward-looking hub for artificial intelligence, deep technology, and innovation-led economic growth. The visit formed part of Cyprus’ broader strategy under Vision 2035 to foster cross-border partnerships, attract international investment, and accelerate the global competitiveness […]
The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products. The revised guidelines aim to prevent greenwashing and ensure that financial institutions meet the highest standards of business conduct when offering products with Environmental, Social and Governance (ESG) features to consumers. According to […]
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a larger quota, five sources said. The group, which pumps about half of the world’s oil, has been curtailing production for several […]
Here are the top business stories in Cyprus from the week starting July 7: Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a year earlier, while rents continued to increase across the island, Eurostat data showed. Across the European Union, property prices rose 5.7 per […]
Following the province of Siem Reap, it must be Kampot province. Across the world, the name Kampot shines through its famed pepper that the top chefs consider one of the best, if not the best of the best. However, the city and Kampot province don’t have a reputation up to the importance they have had […]