Limassol recorded €1.38 billion in residential property transactions in 2024, with a total of 3,164 sales across all price categories. The figures reflect activity across high-value, mid-range and lower-priced properties, according to land registry data, analysed by Ask Wire, a Cypriot real estate data analytics firm. High-value sales continued to play a significant role. Although […]
Cyprus is expected to see record tourism in Akamas this summer, thanks to a government plan aimed at tying together various development and beautification projects across the peninsula’s villages. The initiative, announced by president Nikos Christodoulides in early 2024 and put into motion last summer, is already showing early results, with organised tour groups starting […]
Cruise revival will bring jobs, growth and visibility to Cyprus, says DP World Limassol Cyprus’ cruise industry is on the path to recovery after years of disruption, according to DP World Limassol CEO Simon Pitout. Pitout on Thursday said the sector is set to see a strong rebound in 2025 thanks to increased ship calls, new investments […]
Cambodia’s tallest bridge, part of the nearly completed National Road No. 10 project, is poised to deliver significant economic and logistical benefits to the country, according to Deputy Prime Minister Sun Chanthol, First Vice-Chairman of the Council for the Development of Cambodia. The $25 million bridge—known as Bridge 28—is located in Chhay Louk village, O’Som […]
Cham Nimul, Minister of Commerce, held talks with Tull Traisorat, Thailand’s Ambassador to Cambodia, on Wednesday over boosting trade and economic ties between the two nations. They also discussed boosting Thai investments in the Kingdom alongside further enhancing cooperation encompassing various spheres of economic activities between both countries. Marking the official beginning of his diplomatic […]
Strong ties between the Cambodia-China Free Trade Agreement (CCFTA), and the Regional Comprehensive Economic Partnership (RCEP) have boosted Cambodia’s trade and investment, said a senior official. The two countries have seen a steady rise in bilateral trade volume since the Cambodia-China Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP) entered into force simultaneously […]
The Council for the Development of Cambodia (CDC) approved 172 fixed-asset investment projects between January and March of this year, up 16 percent from 106 projects in the same period last year, a report showed on Wednesday. The approved projects registered a total investment capital of $2.5 billion, a year-on-year increase of 14 percent, stated […]
Α General Government surplus of €654.2m (1.9% of GDP) for the period of January-February 2025, is indicated according to the preliminary fiscal results, prepared by CySTAT. In comparison, in the same period of 2024 a surplus of €531.7m (1.6% of GDP) was recorded during the period of January-February 2024. Revenue During the period of January-February 2025, total revenue increased […]
The airports in Larnaca and Paphos welcomed 707,304 passengers during March, recording an increase of 5.91% compared to 2024, the Transport Ministry has announced. It also said that the high trend in passenger traffic ever recorded for the January-March period continues, with an increase of 6.79% compared to 2024. The Ministry said that following the 2024 […]
Cypriot bankers have expressed their satisfaction with President Nikos Christodoulides’ recent visit to the US, where he promoted the Mediterranean country as an attractive destination for investment. Top financial figures are now calling for such missions to become a more official and regular occurrence, ideally taking place more than once a year, to create long-term […]
Finance Minister Makis Keravnos, will travel to Warsaw on Thursday, April 10, in order to participate in the Eurogroup meeting and the informal Economic and Financial Affairs Council (Ecofin), which will take place on April 11 and 12. On the morning of Friday, April 11, Keravnos will attend the Eurogroup proceedings. According to a statement […]
Cyprus recorded a trade deficit of €1.24 billion during the first two months of 2025, marking an increase of €102.7 million compared to the same period in 2024, according to the state statistical service. It should be noted that this widening of the trade gap occurred despite a significant rise in exports. Specifically, the trade […]
Bengaluru and Siem Reap will become sister cities, marking a new chapter in cultural, diplomatic and economic ties. As a symbol of this partnership, both cities are establishing monuments to represent and honour each other. The provincial administration of Siem Reap and the state government of Karnataka, a province that hosts the Indian Information Technology […]
The General Department of Immigration (GDI) has warned of a fraudulent website that charges potential guests to Cambodia for entering online information for entry to the Kingdom. According to an April 9 statement by the Ministry of Interior’s GDI, the cambodia-e-arrival.com website is not a government-affiliated site. The statement noted that “www.arrival.gov.kh” is the only official government […]
172 investment projects with a total investment capital of approximately $2.5 billion, planned to create approximately 120,000 jobs, were approved by the Council for the Development of Cambodia (CDC) in the first quarter of 2025. According to a CDC press release on April 8, “In the first quarter of 2025, the CDC registered 172 investment […]
Approximately 1.26 million foreign tourists visited Cambodia in the first two months of 2025, marking a 27.9 percent increase compared to the same period last year, according to a report released by the Ministry of Tourism on April 8. Thailand topped the list of source markets, contributing 351,934 visitors, up 42.2 percent, followed by Vietnam […]