The Bank of Cyprus‘ property management unit has achieved a significant turnaround in its non-core asset portfolio, announcing that property sales have exceeded new asset acquisitions since the start of 2019, as part of its financial results for the nine-month period ending September 30, 2025. The Real Estate Management Unit (REMU), which concentrates on liquidating properties acquired through debt-for-asset swaps, has […]
Phnom Penh, Cambodia – 12 November 2025 – In the framework of the Europe-Cambodia cooperation in education, the European Union (EU) Ambassador to Cambodia, HE Igor Driesmans, together with the Ambassadors of the European Member States, Team Europe organises the fourth edition of the Study in Europe Fair. The event takes place on 12 November […]
The Council for the Development of Cambodia (CDC) yesterday urged Chinese investors to expand their focus in the Kingdom, asking them to consider the high-potential sector of raw materials and semi-finished goods manufacturing. Chea Vuthy, Secretary-General of the CDC Cambodia Investment Board, made these remarks during a meeting in Phnom Penh with a delegation led […]
The preliminary agreement on the Cost-of-Living Allowance (CoLA) was signed at noon in the presence of the President of the Republic, Nikos Christodoulides. In statements made during a special ceremony at the Presidential Palace, Christodoulides stressed, among other things, that “a permanent agreement on CoLA is being achieved”. He added: “A matter that had remained open for […]
InterGlobe Aviation Limited (IndiGo), an Indian low-cost airline, today launches its first direct flights to Cambodia, connecting Kolkata city to Siem Reap province with three weekly services using Airbus A320neo aircraft. The Ministry of Tourism (MoT) yesterday announced that under the leadership of Prime Minister Hun Manet, along with the efforts of Huot Hak, Minister […]
Cyprus and Saudi Arabia strengthened ties in the tourism sector this week as the UN Tourism General Assembly in Riyadh concluded with the adoption of the Riyadh Declaration on the Future of Tourism, a long-term roadmap for global cooperation over the next 50 years. Deputy Minister of Tourism Kostas Koumis co-signed a memorandum of understanding […]
An agreement was signed on Thursday to bring to an end the months of wrangling between workers and employers over the cost-of-living allowance (CoLA) and set how it is implemented going forward. The signing was attended by President Nikos Christodoulides, who said that “a significant effort has been completed”. “A permanent agreement on CoLA has […]
ACLEDA Bank Plc., the first publicly listed commercial bank in Cambodia, is pleased to announce the official launch of Phase 1 of cross-border QR code payments between Cambodia and Singapore, “Cambodia scans QR Codes in Singapore”, presided over by H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia. With the launch of Phase […]
Invest Cyprus and the Cyprus International Business Association (CIBA) have signed a Memorandum of Understanding aimed at boosting the island’s investment and business environment. Invest Cyprus Chairman Evgenios Evgeniou and CEO Marios Tannousis recently welcomed a CIBA delegation – including its President Vassilios Demetriades and General Manager Valentinos Steliou – for a “constructive meeting”, as […]
A place to reconnect with both yourself and nature, the Noospheric Resonator combines infinity and eternity By Christina Michailidis Between Limassol and Paphos, high above the quiet stretch of Avdimou Beach, three vast spiral labyrinths of stone lie open to the sea and sun. This is The Noospheric Resonator, a land art installation created by […]
Deputy Prime Minister and Minister of Education, Youth and Sport, Hang Chuon Naron, and Igor Driesmans, Ambassador of the European Union to Cambodia, presided over the opening ceremony of the dialogue between universities, research institutes, and the private sector of Cambodia and Europe today as part of the 4th Study Europe Fair in the European […]
With Cambodia’s solid growth momentum, aided by export-oriented services as well as sustained domestic consumption and a growing trend of supporting and using locally made products, the country’s economy is expected to grow by around 5.2 percent this year, said Deputy Prime Minister and Minister of Economy and Finance (MEF), Aun Pornmoniroth, yesterday. Addressing a […]
Cambodia recorded 18.69 million domestic trips in the first nine months of the year, representing a year-on-year increase of 53 percent from 12.15 million, according to data by the Ministry of Tourism. Phnom Penh capital received 7.46 million domestic trips and Siem Reap Angkor recorded 2.66 million, stated the report. Coastal zones of four provinces, […]
Korantina Homes has become synonymous with architectural excellence, strategic vision and long-term value creation In recent years, Cyprus has emerged as a dynamic hub for investment, with transformative projects reshaping its economic and urban landscape. Among the companies leading this evolution is Korantina Homes, an innovative real estate developer that has become synonymous with architectural […]
A landmark of sustainability and innovation, this future-forward business hub sets a new benchmark for real estate in Cyprus Neocleous Tower, a groundbreaking commercial development in the heart of Limassol, is inviting corporations to experience the future of upscale workplace environments. Redefining the modern work lifestyle, the tower is raising the benchmark for sustainable real […]
Kyndryl Cyprus managing director Marios Kapiris recently assumed the role of president of the American Chamber of Commerce in Cyprus (AmCham Cyprus) for the 2026–2028 term, outlining an ambitious agenda to deepen economic and trade relations between Cyprus and the United States. “It is a great honour to step into the role of President of AmCham Cyprus for the 2026–2028 term,” Kapiris […]