Cambodia’s Gross Domestic Product (GDP) growth is projected to marginally improve, reaching 5.5 percent in 2025 and 2026, according to the World Bank’s ‘Cambodia Economic Update: From Recovery to Resilience – Harnessing Tourism and Trade as Drivers of Growth,’ released recently. Even though domestic demand is expected to further improve in the next two years, […]
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 […]
As Cambodia-South Korea trade grows, Cambodia Angkor Air is launching direct flights to the southwestern Korean county of Muan. The first flights from Phnom Penh will commence on December 29 and from Siem Reap on January 2. “The new connection opens up even more opportunities for travellers and makes it easier than ever before to […]
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 […]
Invest Cyprus on Monday announced the launch of a series of strategic meetings with regional and local authorities aimed at mapping and promoting investment projects that are open to foreign investors. According to the announcement, this initiative seeks to enhance collaboration between local government and the organisation to position Cyprus as a prime destination for […]
Phnom Penh, December 13, 2024 — Cambodian Prime Minister Hun Manet expressed pride in the nation’s export achievements as he opened the Cambodian Trade Expo at the PH Green Hall Center in Phnom Penh. Speaking at the ceremony, the Prime Minister celebrated the impressive growth of Cambodian exports, which have been steadily increasing each year. […]
A new record high number of passengers passing through the Republic of Cyprus’ airports has been set this year, with it projected that more than 12 million people will have taken off or landed at Larnaca and Paphos by the end of the year. The two airports’ holding company Hermes airports’ senior director Maria Kouroupi […]
The €170 million expansion plans for Larnaca and Paphos airports are now open for public consultation, with feedback invited until January 15, 2025. Hermes Airports, the operator under a long-term concession agreement, said that it seeks to modernise facilities, address increasing passenger traffic, and bolster Cyprus’ standing as a key regional aviation hub. The second phase of expansion of Larnaca International Airport, with a budget of €95 […]