Agrotourism Cyprus style

Agrotourism Cyprus style

A day trip to Kalopanayiotis shows the island has more to offer than partying at the coast By Philippa Tracy Agro-tourism is one of those phrases that people throw about while other people nod vigorously in approval. It conjures up images of expensive, luxury farm villas in Tuscany, where you pay vast amounts of money […]

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Tourism revenue rises in September 2024

Tourism revenue rises in September 2024

Tourism revenue in Cyprus rose 6.0 per cent in September 2024 compared to the same month last year, whilst the first nine months of the year saw a 4.9 per cent increase compared to the same period in 2023. According to the Statistical Service’s Traveller Survey, tourism revenue reached €454.1 million in September 2024, up from €428.4 […]

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Cyprus 9-month tourism revenue hits €2.58 billion

Cyprus 9-month tourism revenue hits €2.58 billion

Deputy Tourism Minister satisfied with the results, optimistic for 2025 Tourism revenue in Cyprus reached €454.1 million in September 2024, according to the statistical service’s passenger survey. This marks a 6 per cent increase compared to September 2023, when tourism revenue stood at €428.4 million. For the first nine months of 2024, total tourism revenue was estimated at €2.58 billion, […]

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Petrolina acquires ExxonMobil Cyprus in €48.6 million deal

Petrolina acquires ExxonMobil Cyprus in €48.6 million deal

Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking a significant expansion of its operations in the Cypriot market. On November 27, 2024, PHL confirmed that MED ENERGYWISE LTD, a wholly owned subsidiary, signed an agreement […]

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EV, a high potential sector in Cambodia

EV, a high potential sector in Cambodia

The electric vehicle (EV) sector has been identified as one of the sectors with high potential to contribute not only to environmental protection and public welfare improvement but also to economic diversification and energy security promotion. Peng Ponea, Minister of Public Works and Transport, made the remarks yesterday while presiding over the 3rd Meeting of […]

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Cyprus-based cloud services firm enters strategic partnership

Cyprus-based cloud services firm enters strategic partnership

Cyprus-based Ralliton and global software provider SoftwareOne Holding AG this week announced that they have entered into a strategic partnership. According to the announcement, the partnership aims to deliver advanced cloud and AI solutions exclusively in Cyprus and Malta, targeting key industries undergoing digital transformation. Under the terms of the agreement, Ralliton and SoftwareOne will […]

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Skills development vital for Cyprus’ economic future, president says

Skills development vital for Cyprus’ economic future, president says

President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern economy. Speaking at the opening of the 8th National Skills Competition in Nicosia, Christodoulides underlined the role of skills development in boosting individual potential and strengthening the nation’s economic […]

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Competition watchdog approves Hellenic Bank’s acquisition of CNP Cyprus

Competition watchdog approves Hellenic Bank’s acquisition of CNP Cyprus

Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the overall transaction process with CNP Assurances. According to the bank’s statement, the approval was granted during the commission’s session held on November 27, 2024. The announcement follows Hellenic Bank’s […]

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Cambodia appreciates friendly countries’ participation in Siem Reap-Angkor summit

Cambodia appreciates friendly countries’ participation in Siem Reap-Angkor summit

Senior Minister Ly Thuch, First Vice President of the Cambodian Mine Action and Victim Assistance Authority (CMAA) and President of the Ottawa Convention 2024, has received different foreign delegations attending the Siem Reap-Angkor Summit on a Mine-Free World. The delegations include those from Norway, Tonga, Thailand, Tajikistan, Cyprus, Ukraine, The Halo Trust, and the Swiss […]

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