The Council for the Development of Cambodia (CDC) and two leading firms, RMA (Cambodia) and Minebea (Cambodia), have discussed preparations for a productive 3rd meeting of the Automotive and Electronic Sector Development Council in April. The discussion on Mar. 10 was chaired by H.E. Nut Unvoanra, Deputy Secretary General of the CDC’s Cambodian Investment Board […]
Signalling the high growth momentum, Sok Dara, Director General of the Trust Regulator, yesterday said that the funds invested in trust sector have reached nearly $1.8 billion. Speaking at a seminar on ‘Money Market Trust’ at the Business Development Centre, Dara talked about the concept of ‘Money Market Trust’ saying, “It is a type of […]
Israeli-owned Osopil Ltd has submitted environmental impact assessment plans for a major medical and hospital complex called “Hadassah Healthcare Park” in Lakatamia, with public consultations scheduled until April 12, 2025. The proposed development, with an estimated investment exceeding €150 million, will include a five-storey private hospital, a medical university, biotechnology offices, and student dormitories, establishing what would […]
Cyprus, with its strategic geographical position, has the potential to become a key hub for seaplane routes, both domestically and across the Eastern Mediterranean, according to Nikolas Charalambous, president and CEO of Hellenic Seaplanes. Speaking on Cypriot radio Spor FM, Charalambous emphasized that the Cyprus-based company, which has been operating in Greece since 2013, is […]
Cyprus’ full connection with the European eIDAS network is underway and will allow secure cross-border transactions between the member states of the European Union. An announcement by the Deputy Ministry of Research and Innovation says that the EU regulation provides for the mutual recognition and cross-border use of national electronic identification (eID) schemes maintained by the EU […]
The implementation of the special urban planning incentives scheme for developments in primary and secondary education, approved last week by the Council of Ministers following a proposal by the Ministry of Interior, is expected to generate significant multiplier benefits for Cyprus as an investment destination. With the education sector being one of the key pillars […]
Hourly labour cost in the fourth quarter of 2024 recorded an annual increase by 5.6%, according to CyStat. On the basis of provisional data, it said it is estimated that in the fourth quarter of 2024 hourly labour costs (total cost) increased by 5.6%, compared with the same quarter of the previous year. The two […]
The Harmonised Index of Consumer Prices (HICP) rose by 2.3% between February 2024 and February 2025, and increased by 0.3% in the month between January 2025 and February 2025, according to Cystat. Compared to February 2024, the categories Recreation and Culture (7.2%) and Restaurants and Hotels (4.7%) showed the highest increases, while the category Clothing […]
Cyprus is poised to reap significant benefits as an investment destination following last week’s approval by the Councils of a new plan to provide urban incentives for developments in both primary and secondary education sectors. Initiated by the Ministry of Interior, this plan aims to bolster the education sector—a fundamental pillar of the state’s strategy […]
Salamis Tours, originally founded by Vasos Hadjitheodosiou, remains under the firm control of his family. Recently, E.V.H. Investments Limited, a subsidiary within the family’s business structure, increased its stake in Salamis Tours from about 80 per cent to 91.19 per cent. This move followed approval by the Cyprus Securities and Exchange Commission (CySEC) on March […]
Credit rating agency Moody’s on Wednesday upgraded the baseline credit assessment (BCA) and adjusted BCA of Hellenic Bank, shifting its outlook from stable to positive. Specifically, the agency raised the bank’s BCA from ba1 to baa3, its long-term deposit rating from Baa2 to Baa1, and its senior unsecured debt rating from Ba1 to Baa3. The decision was based on a combination […]
Phnom Penh, March 12, 2025 — The Council for the Development of Cambodia (CDC) and two leading firms, RMA (Cambodia) and Minebea (Cambodia), have discussed preparations for a productive 3rd meeting of the Automotive and Electronic Sector Development Council in April. The discussion on Mar. 10 was chaired by H.E. Nut Unvoanra, Deputy Secretary General […]
The official commencement of the Techo International Airport (TIA) scheduled this July will not only enhance Cambodia’s connectivity to more tourist destinations both regionally and globally but also help the Kingdom receive 7.5 million international tourists in 2025, said Minister of Tourism Huot Hak yesterday. During a site visit to the ongoing construction of the […]
Indonesian tourists to Cambodia increased by eleven-fold during the past five years, according to the latest data released by the Indonesian Embassy in Phnom Penh. The number of Indonesian tourists coming to Cambodia has increased drastically in the last five years, the diplomatic mission said on Friday. “In 2024, 166,795 arrivals were recorded, an 11-fold […]
Cambodia is targeting one million tourists from China’s Henan province by 2025 while simultaneously fostering investment opportunities, said the Council for the Development of Cambodia (CDC) news release on Monday. Leading a high-level delegation to Henan, Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC), urged […]
Cambodia encourages closer cooperation in trade, tourism investment, and human capital development with Cyprus and other countries. Cambodia’s Acting Head of State, Hun Sen, who also serves as Senate President, underscored the importance of cooperation while receiving the Honorary Consul of Cyprus to Cambodia, Salah Essa, on March 18 in Phnom Penh. During the meeting, […]