Cyprus meets 23 milestones to unlock next round of EU funds The European Commission on Monday endorsed a positive preliminary assessment of Cyprus’ fourth payment request under the Recovery and Resilience Facility (RRF), the central pillar of the European Union’s NextGenerationEU recovery programme. The request, valued at €75.9 million, was submitted by Cyprus on December 18, 2024. Following its […]
PHNOM PENH – Cambodia is to welcome a Saudi Arabian delegation, led by Parliament Speaker Abdullah Bin Mohammed Bin Ibrahim Al-Sheikh, from June 30 to July 4. Khuon Sudary, President of the National Assembly, will first hold a meeting with the delegation, aiming to strengthen and deepen cooperation between the two parliaments in bilateral […]
Synopsis: The impressive surge reflects a significant rebound for a sector crucial to the Kingdom’s economy, demonstrating renewed global confidence in Cambodia as a safe and attractive destination. Cambodia has welcomed almost three million foreign tourists in the first five months of this year, up 11.7 percent compared to the same period last year, according […]
The Air Traffic Control Service in Cyprus is tasked with managing approximately 420,000 flights per year. In recent days, increased pressure was noted, with an additional 500 flights daily due to unrest in the Middle East. Revenue from these services amounts to around €58 million annually. How are these services managed, and how does the […]
Paphos recorded the highest number of luxury home sales exceeding €500,000 in the first quarter of 2025. Data compiled by Sotheby’s International Realty, a major real estate network with operations in Cyprus, highlights significant shifts within the island’s property sector. Anastasia Gianni, CEO of Cyprus Sotheby’s International Realty, noted that the first quarter of 2025 signifies a […]
Prince Bank is proud to announce the “718 Clever Merchant Village”, a flagship event commemorating its 10th anniversary, scheduled for July 19 and 20, 2025 at Connexion Mall, Koh Pich. This milestone event not only serves as a celebration of Prince Bank’s decade-long commitment to excellence, innovation and community engagement but also highlights the bank’s […]
Cambodia Investment Review Australia has officially launched its Development Partnership Plan (DPP) 2025–2029 with Cambodia, laying out a renewed five-year strategy that aims to boost institutional strength, expand public service inclusivity, and support sustainable economic growth. The move marks the latest phase in a 70-year bilateral relationship and comes as Cambodia targets upper-middle-income status by 2030. […]
Synopsis: To celebrate 60 years of diplomatic ties, Cambodia and Singapore team up to produce a culinary experience entitled ‘Flavours of Friendship’. In a celebration rich in heritage, flavours, and friendship, the embassies of Cambodia and Singapore marked 60 years of diplomatic relations not only through words but also through a shared table. Held on […]
PHNOM PENH – Cambodia kicked off their AFC Women’s Asian Cup Qualifying campaign with a spirited 1–1 draw against Hong Kong on June 29, 2025, in front of 1,268 fans at Phnom Penh’s Olympic Stadium. Hong Kong struck first in the 31st minute when midfielder Leung Hong Kiu Anke calmly slotted home a penalty. But […]
This week, EuroCham’s Communications team sat down with Daniel Sela, Marketing and Sales Manager at Sela Pepper Cambodia, to explore what makes Cambodian pepper unique, how the company is transforming the spice sector through sustainability and traceability, and what lies ahead for this ambitious local enterprise. Stew: To start, could you talk a bit about […]
Synopsis: Mr Hun Manet asks the stakeholders to diversify export items such as travel products, electronics, solar panels, bicycles among others. Prime Minister Hun Manet Friday emphasised the government’s commitment to making access to a broader market for products through implementing existing free trade agreements (FTAs) and seeking new trade deals to open more markets […]
Synopsis: Cambodia’s oil, gas and renewable energy sector has been on an expansion path with many global giants showing interest in exploring investment opportunities. Texas-headquartered oil and gas behemoth ConocoPhillips is exploring potential investment opportunities in the Kingdom’s oil and gas sector. This was discussed during a meeting between Keo Rottanak, Minister of Mines and […]
Synopsis: Cambodia’s attractive investment environment and strong government incentives have drawn growing interest from Chinese companies. The Council for the Development of Cambodia (CDC) Friday encouraged Chinese companies to expand their investments into the manufacturing of raw materials and semi-finished goods in the Kingdom, as part of efforts to strengthen domestic value chains and enhance […]
Synopsis: Cambodia is advancing steadily along the path of peace, democracy, and the rule of law, under the leadership of the government, guided by a clear vision, strong determination and broad public support. Senate President and President of the Cambodian People’s Party (CPP) Hun Sen Saturday expressed confidence in Cambodia’s economic momentum during the first […]
Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its acquisition of Hellenic Bank. This move marks what the bank described as “the largest foreign investment ever implemented in Cyprus”. The development comes in the […]
The National Bank of Cambodia (NBC) Thursday hosted a meeting to review the Financial Inclusion Committee’s progress, aimed at enhancing financial literacy, consumer protection, and ethical standards within Cambodia’s banking and microfinance sectors. Yim Leat, Deputy Governor of NBC, chaired a meeting to review the first-half progress of the Financial Inclusion Committee of the Association […]