Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a joint conference organised by the CBC and the European Stability Mechanism (ESM), he stressed the need for sustainability, innovation, and inclusiveness in shaping Cyprus’ economic future. […]
Here are the top business stories in Cyprus from the week starting March 17: The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a series of questions regarding the proposed tax reform and its impact on foreign investments and international businesses operating in Cyprus. The letter, signed by CIBA board president Doxia Nikia Hadjivassiliou, […]
On the morning of March 22, 2025, more and more national and international tourists came to Angkor to witness the amazing Spring Equinox Sunrise. A total of 37,003 tourists attended, including 33,500 national tourists and 3,503 foreign tourists. All images: MOI x
Cambodia and Togo have signed two deals on the establishment of bilateral consultations and visa exemption for holders of diplomatic and service passports. In a statement issued on Friday, the Ministry of foreign affairs and international cooperation said that Deputy Prime Minister and Foreign Minister Prak Sokhonn and Togolese Foreign Minister Robert Dussey inked the […]
The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that harnesses emerging technologies to turbo-charge efficiency, safety and sustainability in the shipping industry. A roadmap for digital transformation During its 49th session in London from 10 to 14 March, IMO’s Facilitation Committee (FAL) outlined a work plan for developing the IMO […]
KANDAL, Cambodia — Cambodia expects that its new airport serving the capital will open in July, a project official said Friday, in a major step forward in boosting the country’s lucrative tourism sector, whose growth was interrupted by the coronavirus pandemic. Work on Phnom Penh’s new airport, officially known as the Techo International Airport, began in […]
The environment department has given the green light to a €22 million high-rise building set to be constructed along the Limassol coastline. The proposed building, to be developed by by P.G. Economides Properties Ltd, will stand at a height of 87 metres and will comprise a mixed-use office and commercial space. According to the architectural plans, the development will feature a […]
The Cyprus University of Technology (Tepak) has signed a cooperation protocol with the National Documentation Centre (EKT) of Greece, strengthening ties and knowledge exchange between the two institutions. The signing ceremony took place at the Tepak premises in Limassol. The agreement was signed by Tepak rector Panagiotis Zafeiris and the director of EKT Kyriakos Tolias. […]
Deputy Minister of Shipping Marina Hadjimanolis attended the European Shipping Summit (ESS) this week, where she underlined the need to enhance competitiveness and inclusivity within European shipping. The event, held in Brussels on March 19-20 by the European Shipowners’ Association, featured Hadjimanolis in a panel discussion titled ‘Building Industrial Capacity: the skills challenge.’ During this session, she stressed the importance […]
Prime Minister Hun Manet has encouraged AirAsia to collaborate with the government in promoting the development of Cambodia’s tourism industry. While visiting Tony Fernandes, CEO of Capital A Group (AirAsia) at the Peace Palace in Phnom Penh yesterday, Hun Manet congratulated AirAsia on its growth and success in Cambodia and spoke highly of the airline’s […]
Two Chinese companies, one an industrial park management firm and another electric storage battery manufacturer, Wednesday evinced interest in exploring investment opportunities in Cambodia. The companies expressed their keenness to invest during a meeting with Hean Sahib, Advisor to the Prime Minister and Chairman of the Investment Promotion Working Group for Preah Sihanouk at the […]
Representatives of Swedish furniture giant IKEA met with Chea Vuthy, Secretary-General of the Investment Committee of Cambodia to discuss the investment climate and potential in Cambodia. Mr Chea and his colleagues met with an IKEA delegation led by Mr. GIAFAR SAFAVERDI, CEO of IKEA Southeast Asia, on March 19 at the Council for the Development […]
The first solid data on airline scheduling and flight reservations for this year’s summer season are pointing to another great year for Greek tourism. The converging estimates of experts point to an increase in international air arrivals of around 5%, along with a smaller increase in travel receipts. Based on current data for the April-October […]
Energy storage and hydrogen solutions align perfectly with Cyprus’ regional ambitions, as we promote the Mediterranean as a green corridor for energy transmission between EU and non-EU countries, Minister of Energy, Commerce and Industry George Papanastasiou said addressing the Energy Storage and Hydrogen Solutions conference in Nicosia. The Minister remarked that innovative storage solutions will […]
Swedish-based company IKEA, which specialises in the production of furniture and household items, sees Cambodia as a potential location for investment expansion. The Swedish giant already has a presence in five countries around the region. Chea Vuthy, secretary-general of the Council for the Development of Cambodia (CDC), met with a delegation from IKEA led by […]
In today’s fast-paced business world, managing financial transactions efficiently, securely, and cost-effectively is crucial. Whether you’re dealing with cross-border payments, multi-currency transactions, or corporate expenses, having the right financial partner can streamline operations and save time. This is where Moneygate comes in – a trusted electronic money institution providing businesses with cutting-edge financial solutions designed for modern enterprises. Why Businesses Choose Moneygate […]