The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that harnesses emerging technologies to turbo-charge efficiency, safety and sustainability in the shipping industry. A roadmap for digital transformation During its 49th session in London from 10 to 14 March, IMO’s Facilitation Committee (FAL) outlined a work plan for developing the IMO […]
KANDAL, Cambodia — Cambodia expects that its new airport serving the capital will open in July, a project official said Friday, in a major step forward in boosting the country’s lucrative tourism sector, whose growth was interrupted by the coronavirus pandemic. Work on Phnom Penh’s new airport, officially known as the Techo International Airport, began in […]
The Cyprus University of Technology (Tepak) has signed a cooperation protocol with the National Documentation Centre (EKT) of Greece, strengthening ties and knowledge exchange between the two institutions. The signing ceremony took place at the Tepak premises in Limassol. The agreement was signed by Tepak rector Panagiotis Zafeiris and the director of EKT Kyriakos Tolias. […]
Deputy Minister of Shipping Marina Hadjimanolis attended the European Shipping Summit (ESS) this week, where she underlined the need to enhance competitiveness and inclusivity within European shipping. The event, held in Brussels on March 19-20 by the European Shipowners’ Association, featured Hadjimanolis in a panel discussion titled ‘Building Industrial Capacity: the skills challenge.’ During this session, she stressed the importance […]
Representatives of Swedish furniture giant IKEA met with Chea Vuthy, Secretary-General of the Investment Committee of Cambodia to discuss the investment climate and potential in Cambodia. Mr Chea and his colleagues met with an IKEA delegation led by Mr. GIAFAR SAFAVERDI, CEO of IKEA Southeast Asia, on March 19 at the Council for the Development […]
The first solid data on airline scheduling and flight reservations for this year’s summer season are pointing to another great year for Greek tourism. The converging estimates of experts point to an increase in international air arrivals of around 5%, along with a smaller increase in travel receipts. Based on current data for the April-October […]
Energy storage and hydrogen solutions align perfectly with Cyprus’ regional ambitions, as we promote the Mediterranean as a green corridor for energy transmission between EU and non-EU countries, Minister of Energy, Commerce and Industry George Papanastasiou said addressing the Energy Storage and Hydrogen Solutions conference in Nicosia. The Minister remarked that innovative storage solutions will […]
Swedish-based company IKEA, which specialises in the production of furniture and household items, sees Cambodia as a potential location for investment expansion. The Swedish giant already has a presence in five countries around the region. Chea Vuthy, secretary-general of the Council for the Development of Cambodia (CDC), met with a delegation from IKEA led by […]
In today’s fast-paced business world, managing financial transactions efficiently, securely, and cost-effectively is crucial. Whether you’re dealing with cross-border payments, multi-currency transactions, or corporate expenses, having the right financial partner can streamline operations and save time. This is where Moneygate comes in – a trusted electronic money institution providing businesses with cutting-edge financial solutions designed for modern enterprises. Why Businesses Choose Moneygate […]
Hydrocarbon exploration and production company Energean announced on Thursday its audited full-year results for the year ended December 31, 2024. Mathios Rigas, Chief Executive Officer of Energean, stated, “During 2024, we have continued our growth trajectory with FY 2024 Group production rising by 24 per cent to 153 kboed, of which 112 kboed came from our flagship Karish and Karish North […]
The Cyprus Association of Research and Innovation Enterprises (CARIE) has put forward a number of proposals for enhanced tax incentives and relief measures for innovative businesses. These proposals were submitted to Finance Minister Makis Keravnos and Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou. These proposals, the association explained, seek amendments to the income tax law […]
Israeli-owned Osopil Ltd has submitted environmental impact assessment plans for a major medical and hospital complex called “Hadassah Healthcare Park” in Lakatamia, with public consultations scheduled until April 12, 2025. The proposed development, with an estimated investment exceeding €150 million, will include a five-storey private hospital, a medical university, biotechnology offices, and student dormitories, establishing what would […]
Cyprus, with its strategic geographical position, has the potential to become a key hub for seaplane routes, both domestically and across the Eastern Mediterranean, according to Nikolas Charalambous, president and CEO of Hellenic Seaplanes. Speaking on Cypriot radio Spor FM, Charalambous emphasized that the Cyprus-based company, which has been operating in Greece since 2013, is […]
Cyprus’ full connection with the European eIDAS network is underway and will allow secure cross-border transactions between the member states of the European Union. An announcement by the Deputy Ministry of Research and Innovation says that the EU regulation provides for the mutual recognition and cross-border use of national electronic identification (eID) schemes maintained by the EU […]
The implementation of the special urban planning incentives scheme for developments in primary and secondary education, approved last week by the Council of Ministers following a proposal by the Ministry of Interior, is expected to generate significant multiplier benefits for Cyprus as an investment destination. With the education sector being one of the key pillars […]
Hourly labour cost in the fourth quarter of 2024 recorded an annual increase by 5.6%, according to CyStat. On the basis of provisional data, it said it is estimated that in the fourth quarter of 2024 hourly labour costs (total cost) increased by 5.6%, compared with the same quarter of the previous year. The two […]