Work on turning coastal areas into economic poles progressing

Work on turning coastal areas into economic poles progressing

The National Committee for Coastal Management and Development (NCCDC) is spearheading a transformative initiative to develop Cambodia’s four coastal zones into thriving economic poles, said a senior official of the Ministry of Land Management, Urban Planning, and Construction. This ambitious project aims to balance sustainable development and well-being of coastal communities, prioritizing livelihoods, health, and […]

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Paphos joins world’s top 100 green tourism destinations

Paphos joins world’s top 100 green tourism destinations

Paphos has secured a silver medal in the 2024-2026 Top 100 Green Destinations global rankings, a recognition for coastal quality excellence. The city earned its place after a reassessment by international independent tourism sustainability experts, who evaluated the destination’s commitment to sustainable practices and strategic priorities. The award recognised Paphos’s pristine beaches and the rare […]

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Koumis makes case for sustainable tourism, praises Paphos’ year-round appeal

Koumis makes case for sustainable tourism, praises Paphos’ year-round appeal

Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Kostas Koumis. Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined the importance of tourism for both countries, saying that their natural beauty is a cornerstone of their appeal. “The tourism sector is a major pillar for both economies,” Koumis said. […]

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VTTI marks 10 years in Cyprus, green energy projects on agenda

VTTI marks 10 years in Cyprus, green energy projects on agenda

Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an announcement emphasising the company’s commitment to growth and sustainable energy practices. Thanos Patrikis, vice president for the Mediterranean region and Managing Director of VTTI Cyprus, […]

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Tour guides perform key role, says tourism ministry

Tour guides perform key role, says tourism ministry

The board of the World Federation of Tourist Guide Associations (WFTGA), led by its president, Sebastian Frankenberger, is currently in Cyprus to advance international training programmes and discuss industry developments. The WFTGA board met with Deputy Minister of Tourism Kostas Koumis on Monday, accompanied by representatives from the Cyprus Tourist Guides Association. The meeting coincided […]

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Cyprus Business Now: Fitch report, cooperative bank plan, hotel association

Cyprus Business Now: Fitch report, cooperative bank plan, hotel association

Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a positive outlook. Commenting on the report, government spokesman Konstantinos Letymbiotis said that this “is an irrefutable vote of confidence in the Cypriot economy, the government’s […]

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Single Portal registers 40,000 businesses

Single Portal registers 40,000 businesses

The Online Business Registration System known as Single Portal registered around 40,000 businesses worth $14 billion by October this year, a report showed yesterday. Other sectors include management consultant activities, manufacturing, financial and insurance activities, the report said. The figure was disclosed at a meeting of the top officials from the Ministry of Commerce, the […]

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