As many as 62 percent of companies in a survey conducted in Cambodia planned to recruit more staff in 2024, with leadership, quality control and project management topping the list of most needed skills, according to the latest Skills Gap Assessment Report of the European Chamber of Commerce (EuroCham). The report, based on a survey […]
The official inauguration of the European Investment Bank’s (EIB) new offices in Cyprus is set to take place this autumn, with EIB President Nadia Calvino scheduled to attend, Finance Minister Makis Keravnos announced on Wednesday following a Cabinet meeting. Keravnos revealed that the decision was finalised after a recent meeting with President Calvino in Luxembourg, […]
The Turnover Value Index of Sales and Repair of Motor Vehicles recorded an increase of 15.7% compared to the corresponding quarter of the previous year, according to data released by CySTAT. Motor vehicle sales increased by 20% in the first quarter, compared to the first quarter of 2023, vehicle maintenance and repair increased by 11.2% […]
Big names such as Tesla and Samsung have shown interest for a public tender aiming to set batteries to store electricity in Cyprus, Minister for Energy, Commerce and Industry George Papanastasiou has said, adding that the first phase concerns a 150-Mega Watt storage facility for which a tender is expected to be launched in September. […]
Cyprus’ ship registry experienced an increase in oceangoing vessels in the first half of the year, reversing a two-year decline, thanks to geopolitical tensions impacting global shipping, the island’s Deputy Minister for Shipping Marina Hadjimanolis announced. Speaking at the International Business Day organized by the Cyprus International Business Association on Tuesday, Hadjimanolis highlighted that geopolitical […]
The Cyprus Securities and Exchange Commission (CySEC) on June 25 approved the publication of the Public Offer Document for the acquisition of up to 100 per cent of Hellenic Bank’s issued share capital. Eurobank S.A. announced the approval on Wednesday, revealing that shareholders who accept the Public Offer will receive a consideration of €2.56 per […]
Public Group is launching investments of 30 million euros for the next three years, with the emphasis being placed both on the expansion of the store network in areas where it currently has a limited presence, and on the development of new services, which improve the shopping experience and at the same time provide added […]
Japan has reaffirmed its support for the capacity development efforts of ports in Cambodia. The focus areas of port development were discussed at the third meeting of the Coordinating Committee for the Port Administration Capacity Building Project, chaired jointly by Ieng Veng Sun, Secretary of State of the Ministry of Public Works and Transport and […]
Prime Minister Hun Manet Tuesday called on the owners of Micro, Small and Medium-sized Enterprises (MSMEs) and all stakeholders to work unitedly to be a pillar of the socio-economic development of the country. In a message on the first National Day of Small and Medium Enterprises to be celebrated on June 27, Mr Hun Manet […]
Deputy Minister of Shipping Marina Hadjimanolis announced at the Cyprus International Business Association (CIBA) forum on Tuesday that the fleet of Cypriot-flagged ocean-going vessels has grown for the first time in two years. This rebound comes after a period of decline fuelled by geopolitical tensions, notably the conflict in Ukraine and disruptions in global shipping caused […]
The potential sale of a substantial stake in the Bank of Cyprus’ equity, along with geopolitical developments, took centre stage at the Cyprus International Business Association (CIBA) forum, which took place on Tuesday in Limassol. It should be noted that Bloomberg recently reported that AB CarVal Investors and Caius Capital are interested in selling their shares in […]
Deputy Minister of Shipping Marina Hadjimanolis recently embarked on a series of important meetings in Geneva, according to an official statement by the ministry released on Tuesday. The statement noted that on June 20, Hadjimanolis visited Geneva with the express purpose of promoting the Cypriot ship registry. Moreover, her visit included a series of high-level […]
The University of Cyprus (UCY) will host its first Twin4Merit summer school from September 2-10, 2024, in Nicosia, according to an official announcement released on Tuesday. The event, part of the Twinning for Excellence in Management and Economics of Research and Innovation (Twin4Merit) project, aims to strengthen knowledge in these fields through lectures and methodology […]
The opening of a local office of the European Investment Bank (EIB) will bring significant benefits for Cyprus, the Ministry of Finance points out, adding that Minister of Finance Makis Keravnos has proposed that EIB staff be accommodated in the building of the Ministry, until the bank secures a permanent office. The Ministry of Finance refers […]
The Cambodian government spent about $660 million for the three phases of the Bakheng water treatment plant which aimed to meet the growing demand for clean water in Phnom Penh and nearby Takhmao City of Kandal province. The construction of the Bakheng water treatment plant was divided into three stages and two of them have […]
Of $380 billion in international development financing committed to South-East Asia, only 7 percent or $27.1 billion, has been earmarked for Cambodia, as per the Lowy Institute Southeast Asia Aid Map. There is also a gap between what international partners promise and deliver. With international partners committing as much as $27.1 billion for 14,986 projects […]