Total assets of investment funds in Cyprus increased by approximately €293 million or by 4.5% in March 2024, compared to December 2023, reaching €6.78 billion. This was mainly due to the increase of approximately €260 million of their investments in shares and other related securities, which amounted to a total of €4.93 billion. According to […]
Cyprus’ office rental market is booming, with prices reaching a five-year high in the first quarter of 2024 and surpassing pre-pandemic levels. This surge is fuelled by robust demand, particularly for modern, Grade A office space. Market research from Danos International Property Consultants and Valuers shows a rental price increase of roughly 8.5% across Cyprus […]
PHNOM PENH, May 23, 2024 — The National Bank of Cambodia (NBC) has forecasted a healthier economic growth rate and a decline in inflation for Cambodia in 2024, despite global economic challenges stemming from geopolitical tensions and rising interest rates. In its latest report issued on Monday, the central bank projected that Cambodia’s Gross Domestic […]
According to a press release from the ASEAN+3 Macroeconomic Research Office (AMRO) on Thursday, Cambodia’s economy is predicted to grow robustly in 2024, driven by a rise in exports and a continued tourism recovery. “The Cambodian economy is projected to grow by 5.6 percent in 2024 and 5.9 percent in 2025, up from 5 percent […]
Local rice producer Amru Rice (Cambodia) is ramping up exports of its premium and organic rice varieties to the European market, capitalizing on a growing demand for high-quality Cambodian rice. The company, known for its focus on organic and sustainably produced rice, is targetting European consumers with its fragrant premium rice as Cambodia’s rice exports […]
Our intrepid readers have traveled all over the world this last year, sharing their adventures and travel tips as they road trip in Tuscany, hike across Alaskan glaciers or sail away to Pitcairn Island. Now a Sunnyvale couple is reporting back from Cambodia, where they explored one of the most famous landmarks on earth. Read on for details, then find […]
Archaeologists from Cambodia’s national heritage authority (APSARA) have discovered the long-lost missing head of a Deva statue from the Victory Gate of Angkor Thom. The Victory Gate is one of five gates to the city of Angkor Thom, the last capital of the Khmer Empire. Angkor Thom was founded in present-day Cambodia during the late […]
The total weight of goods transported by road within Cyprus in the fourth quarter of 2023 saw an 11.4 per cent increase, compared to the same period in 2022, according to a report released this week by the Cyprus Statistical Service (Cystat). Additionally, the weight of cargo transported by road to and from Cyprus also […]
In addition, the UK remained the key source of tourism, corresponding to 35.3 per cent of all arrivals during the month of April “The goal we set at the beginning of the year, considering all the facts before us, such as the escalating tensions in the Eastern Mediterranean, the economic situation in Central and Western […]
Sectors that are heavily exposed to AI are witnessing a surge in productivity, while AI jobs are also experiencing notable growth, according to a recent report shared by PwC Cyprus on Wednesday. This comprehensive study, which analysed over half a billion job ads from 15 countries, suggests that AI could enable numerous nations to achieve […]
Deputy Minister of Shipping Marina Hadjimanolis this week met with Greece’s Minister of Shipping and Island Policy Christos Stylianides, with the discussion focusing on the competitiveness of European shipping, the shortage of seafarers, the digitalisation of services, and the maritime passenger connection between Cyprus and Greece. Moreover, the two sides agreed on practical cooperation to […]
The Limassol Boat Show 2024 will take place in May, from 23 to 26 at Limassol Marina, and once again, the largest nautical exhibition in the Eastern Mediterranean is expected to impress and attract thousands of yachts and marine enthusiasts. Since the early stages of the registration process, the number of entries has exceeded all […]
May 17, 2024, Phnom Penh,— Even with the high level of uncertainty surrounding the global economy, Cambodia’s GDP is expected to expand at a 6.0% annual pace in 2024. As local economic activity continues to stabilize, this development is ascribed to the global economy’s recovery, notably among Cambodia’s trade partners. With a 5% growth rate […]
The Kingdom’s tourism industry got a shot in the arm with the visit of the top official of the China Metro Group who made a courtesy call on Minister of Tourism in Phnom Penh on Tuesday. The main thrust of the meeting was on cooperation in the tourism industry. Sok Soken, Minister of Tourism played […]
Cambodia has topped a recent global index produced by the UK-based business publication, fDi Intelligence. The nation ranked as the best emerging market worldwide for foreign investment in 2024. Cambodia has taken the number one place in the 2024 index on account of its strong and consistent gross domestic product (GDP) growth, low inflation rate, […]
PHNOM PENH, May 23, 2024 — The National Bank of Cambodia (NBC) has forecasted a healthier economic growth rate and a decline in inflation for Cambodia in 2024, despite global economic challenges stemming from geopolitical tensions and rising interest rates. In its latest report issued on Monday, the central bank projected that Cambodia’s Gross Domestic […]