The newly-built Dara Sakor International Airport in southwest Cambodia’s Koh Kong province is set to begin operations for domestic charter flights next week, a civil aviation spokesperson said on Friday. Cambodian State Secretariat of Civil Aviation (SSCA)’s Undersecretary of State and Spokesperson Sinn Chanserey Vutha said the first domestic test flight will be held between […]
Cypriot agency recognised for promoting investment in Mediterranean region Invest Cyprus on Thursday announced that it has being re-elected to the board of the ANIMA Investment Network. Launched in 2006 within the framework of the Barcelona Process-Euromed partnership, ANIMA has grown into a network of 70 member organisations across 20 countries. It has a team […]
Krabey is a drop-in-the-ocean private island just a sneeze away from the Cambodian coastal city of Sihanoukville. With a large Chinese population and a pandemic-hit smatter of unfinished buildings, the city itself is pricey but with great food and markets But the real draw is discovering the tropical and unspoilt beaches and jungle flora and fauna on […]
The Cabinet this week approved measures to expand labour market access for students and attract skilled professionals from abroad. These initiatives aim to address growing employment demands and boost economic growth, Labour Minister Yiannis Panayiotou announced on Tuesday. Following the cabinet meeting, Panayiotou said that “the council of ministers discussed the positive developments in the […]
Sebastian von Hardenberg to take over in January Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, on Thursday announced that CEO Ian Beveridge will step down on January 1, 2025. According to the announcement, Sebastian von Hardenberg, the company’s current CFO, will take over as CEO. Beveridge will remain CEO of the […]
EmissionLink, a Columbia Group company, is simplifying emissions management with advanced solutions to meet the upcoming FuelEU Maritime regulations, effective from January 2025. According to a statement by the company, these innovative measures aim to help maritime operators navigate the added complexities that FuelEU will bring to daily operations. Building on insights from the successful […]
Chairman Evgenios Evgeniou and CEO Marios Tannousis, met with Yousef Sultan Laram, Ambassador of the State of Qatar, and Khalifa Ahmad Al-Maadeed, Deputy Chief of Mission Invest Cyprus, represented by Chairman Evgenios Evgeniou and CEO Marios Tannousis, met with Yousef Sultan Laram, Ambassador of the State of Qatar, and Khalifa Ahmad Al-Maadeed, Deputy Chief of […]
Senior manager Potamitis discusses Deriv’s ambitious plans for Cyprus Online broker Deriv this week announced the expansion of the company’s Cyprus-based operations to Nicosia. Deriv, which opened its first Cyprus office in Limassol four years ago, said that the new office is set to open in mid-December and will be located at the Asteroid building. “Cyprus plays a crucial role in the […]
Half of Cyprus’ hotels are open this festive season, offering special programmes for Christmas and New Year, according to Thanos Michaelides, president of the Cyprus Hoteliers Association (Pasyxe). Speaking to the Cyprus News Agency (CNA), Michaelides siad that operating levels are consistent with last year. “Most of the open hotels”, he said, “are in Larnaca […]
The Paralimni-Deryneia Municipality has joined forces with the Cyprus Sustainable Tourism Initiative (CSTI) to promote sustainable practices in the tourism sector. According to an announcement released this week, this partnership aims to “enhance environmental awareness, protect natural resources, and boost sustainable development in the region”. “The collaboration forms part of efforts to strengthen sustainability within […]
The Cyprus Stock Exchange (CSE) announced on Wednesday the introduction of a market maker framework. The new framework, the CSE explained, aims at “enhancing the liquidity of listed securities and fostering a more competitive and flexible stock market”. In addition, this move is part of the CSE’s broader strategy for modernising its operations and aligning […]
The Cyprus Securities and Exchange Commission (CySEC) has rolled out a revamped website aimed at improving navigation, accessibility, and features for regulated entities, investors, and the wider public. “The redesigned website marks the first phase of our efforts to improve the user experience and provide enhanced user-friendly navigation and functionality for regulated entities, investors and […]
The Asian Development Bank (ADB) said on Tuesday that it will invest $403 million in Cambodia in 2024. “This year marks a significant milestone in our partnership with Cambodia, with the approval of $403 million in loans and grants under the framework of our new country partnership strategy for 2024-2028,” ADB Country Director for Cambodia […]
Tourist arrivals reached 3,907,137 for the period of January – November 2024, compared to 3,722,022 in the same period of 2023, recording an increase of 5%. The number of tourists for the first eleven months of 2024 surpassed the total number of tourist arrivals for 2023, when they reached 3,845,652. Τhe arrivals of tourists reached […]
Tourist arrivals in Cyprus reached 3,907,137 for the period of January-November 2024, compared to 3,722,022 in the same period of 2023, recording an increase of 5%. In the first 11 months of 2024, the number of tourists surpassed the total number of tourism arrivals for 2023, when they reached 3,845,652.
Limassol port manager DP World Limassol on Tuesday announced that it has secured a major vehicle transhipment deal, describing it as “a significant milestone” for the multipurpose terminal. “This is the first agreement of its kind in nearly two decades, heralding new opportunities for local and regional markets,” the company said. Under the agreement, approximately […]