Cyprus’ Industrial Turnover Index rose by 11.1 per cent in April 2024, when compared with the same month of the previous year, according to a report released on Friday by the Cyprus Statistical Service (Cystat). Delving into the details, the industrial index for April 2024 climbed to 133.8 points, based on the 2021 benchmark of […]
The Paphos Chamber of Commerce and Industry (Evep) has teamed up with the European Affairs Unit, allowing them to jointly participate in the Green Synergy programme, which is supported by the European Union’s Erasmus+ programme. This initiative is expected to foster environmental sustainability and spur economic growth in the Paphos business community. According to an […]
Robotex MRC 2024, Cyprus’ largest educational robotics festival, concluded with resounding success over the weekend of June 29 and 30. Organised by the Cyprus Computer Society (CCS) and hosted at the University of Cyprus Sports Centre, the event drew hundreds of participants and captivated thousands of visitors. In a ceremonious opening, Nicodemus Damianou, the Deputy […]
From January to June 2024, the Council for the Development of Cambodia (CDC) approved 190 new projects, production expansion projects, and special economic zone investment projects with a total investment of $3.2 billion and can create 168,572 jobs. A press release issued by the CDC on July 5, 2024 states that, compared to the same […]
Cambodian Senate President Hun Sen and French Ambassador to Cambodia Jacques Pellet expressed satisfaction over the increase in trade between Cambodia and France and the rise in French investment in Cambodia. Hun Sen received a courtesy call from French Ambassador to Cambodia Jacques Pellet on 4 July 2024 at the Senate. During the meeting, the […]
In a tremendous fillip to the Kingdom’s burgeoning tourism industry, acclaimed travel portal TripAdvisor has ranked Angkor Wat as the number one landmark in the world. The travel planning and booking site granted the top honour to Siem Reap’s prime attraction in Asia as well. Along with Angkor Wat, the portal also picked three more […]
Cyprus made “notable progress” in 2023 “in gigabit connectivity infrastructure (FTTP), and in the share of ICT specialists in employment, however important challenges persist in at least basic digital skills and e-health. In its Digital Decade Country Report 2024 for Cyprus, the European Commission says “Cyprus has made significant progress over the last few years.” […]
SEPANG, 3 July 2024 – AirAsia today celebrated its first inaugural flight from Kuala Lumpur to Sihanoukville, Cambodia’s coastal city and also the capital of Sihanoukville Province, locally known as Kampong Som. The inaugural flight departed from Kuala Lumpur International Airport (Terminal 2) at 12:10 PM and landed at Sihanoukville International Airport also known as […]
Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘bbb-‘ from ‘bb+’. In an announcement released on Tuesday, Fitch stated that this upgrade primarily reflects the recent upgrade of Cyprus’ economic rating to BBB+/positive and […]
Cyprus’ wholesale and retail trade sector demonstrated robust growth in 2022, according to a recent report by the Cyprus Statistical Service (Cystat). In 2022, the overall turnover in the sector soared by 20.7 per cent, reaching €17.61 billion, up from €14.59 billion in 2021. This surge was primarily driven by significant growth in specific areas. […]
The Cyprus Hoteliers Association (Pasyxe) this week confirmed its full alignment and excellent collaboration with the government, something which was reiterated during the association’s annual general meeting. This meeting was attended by President Nikos Christodoulides, along with representatives from six ministries, showcasing the strong partnership between the government and the association. In a statement, Pasyxe […]
President Nikos Christodoulides used his address at the 12th Invest Cyprus International Investment Awards held in Nicosia, to highlight the crucial role of foreign investors in Cyprus’ economic growth. The president said that the government views them as partners in unlocking opportunities, fostering innovation, and driving sustainable growth. “Our target is clear: a thriving and […]
Cyprus recorded improvements in its balance of payments and international investment position (IIP) in the first quarter of 2024 compared to the same period in 2023, along with a reduction in net external debt. This is according to preliminary data released by the Central Bank of Cyprus (CBC) this week. According to the CBC’s report […]
The Central Bank of Cyprus (CBC) stated in its 2023 annual report, which was published this week, that increased bank profitability is not expected to alter the supervisory authorities’ prudent policy regarding dividend distribution. The CBC highlighted that the management of non-performing loans (NPLs) remains a priority. It has signed an agreement with a consortium […]
Cambodia exported more than 6.13 million tonnes of agricultural products in the first half of 2024, an increase of 57 percent compared to the same period in 2023, earning more than $2.8 billion, according to a report of the General Directorate of Agriculture posted by Agricultural and Rural Development Bank of Cambodia (ARDB) on Tuesday. […]
The Securities and Exchange Regulator of Cambodia (SERC) on Thursday said that the market capitalisation of the Cambodia Securities Exchange (CSX) touched $3.06 billion at the end of the first-quarter of 2024. SERC said the marketcap milestone indicates that CSX is growing at a healthy pace with room for growth. However, there is some concern […]