Synopsis: Southeast Asian leaders reaffirm their commitment to resolving potential challenges through constructive dialogue and active engagement with the United States. As the coordinator for ASEAN-US dialogue, Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation (MFAIC), reaffirmed ASEAN’s commitment to advancing the Digital Economy Framework Agreement (DEFA) with the US. […]
Synopsis: The main markets for the Kingdom’s GFT products are the United States, European Union, Canada and Japan. Cambodia exported garment, footwear and travel products (GFT) worth $7.38 billion in the first half of 2025, up 22 percent from the $6.02 billion reported in the same period a year earlier, said a report from the […]
The European Green Deal involves significant costs that could affect the competitiveness of EU member states, according to Energy Minister George Papanastasiou. Speaking to reporters on the sidelines of an event in Nicosia over the weekend, Papanastasiou called for balance between environmental commitments and economic resilience during the green transition. Asked on the extension of […]
The Digital Cooperation Organisation (DCO), of which Cyprus is a member, has launched a new AI Ethics Evaluator Policy Tool to support the responsible development and deployment of artificial intelligence. The tool was officially unveiled at the AI for Good Summit 2025 and the World Summit on the Information Society (WSIS+20), held in Geneva, Switzerland. The DCO is […]
The Shipping Deputy Ministry on Monday announced that the Cyprus Maritime Award 2025 will be presented during the opening ceremony of the Maritime Cyprus Conference. A tradition dating back to 1993, the biennial award honours either an individual with the Cyprus Maritime Personality Award or a legal entity through the Cyprus Shipping Industry Award. The […]
A total of €24.25 million in new funding for innovative products and services has been launched by the Research and Innovation Foundation (RIF), according to director general Theodoros Loukaidis. Loukaidis has said that the new funding calls, strategic partnerships and flagship actions aim to strengthen Cyprus’ research and innovation ecosystem. “Our goal is to shape […]
Cyprus has overtaken the EU average in online banking, with 85.1 per cent of internet users managing their finances online in 2024, according to Eurostat’s Digitalisation in Europe 2025 report. The share rose from 77.7 per cent in 2023 and 71.4 per cent in 2022, reflecting a sharp increase in adoption. Across the EU, 72.4 per […]
The European Commissioner for Democracy, Justice, Rule of Law and Consumer Protection, Michael McGrath, will host a major meeting in Brussels focused on safeguarding consumer rights in the digital environment. The upcoming dialogue will bring together representatives from business associations, consumer organisations, and public consumer protection authorities from across the European Union. According to the […]
How much pleasure can be found in a cup of coffee? How much history does it carry in its froth and how much ideology drips from its dregs? There is more to a cup of Cyprus coffee than its strong, bitter taste. In a new book on the matter, Aspasia Papadima unfolds the secrets of […]
A month after Prime Minister Narendra Modi’s visit to Cyprus, two Cypriot shipping companies – Interorient Navigation and Danship and Partners – have announced a collaboration to invest Rs 10,000 crore in the Indian shipping sector. “This investment of INR 10,000 crore is, by far, the largest-ever FDI (foreign direct investment) in the Indian shipping […]
Deputy Minister of Shipping Marina Hadjimanolis had a series of high-level meetings in London as part of an official working visit aimed at strengthening bilateral maritime relations between Cyprus and the United Kingdom, and promoting Cyprus’ candidacy for re-election to the International Maritime Organization (IMO) Council, Category C, for the 2026–2027 term. A key highlight of […]
The Chief Scientist, Demetris Skourides, has concluded a high-level business visit to the United Arab Emirates, reinforcing Cyprus’ positioning as a forward-looking hub for artificial intelligence, deep technology, and innovation-led economic growth. The visit formed part of Cyprus’ broader strategy under Vision 2035 to foster cross-border partnerships, attract international investment, and accelerate the global competitiveness […]
The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products. The revised guidelines aim to prevent greenwashing and ensure that financial institutions meet the highest standards of business conduct when offering products with Environmental, Social and Governance (ESG) features to consumers. According to […]
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a larger quota, five sources said. The group, which pumps about half of the world’s oil, has been curtailing production for several […]
Here are the top business stories in Cyprus from the week starting July 7: Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a year earlier, while rents continued to increase across the island, Eurostat data showed. Across the European Union, property prices rose 5.7 per […]
Following the province of Siem Reap, it must be Kampot province. Across the world, the name Kampot shines through its famed pepper that the top chefs consider one of the best, if not the best of the best. However, the city and Kampot province don’t have a reputation up to the importance they have had […]