A total of 11 new subsidy scheme projects amounting to €148 million are anticipated to be implemented by the Ministry of Energy, Commerce and Industry for the period 2024 – 2025. Also, in the assessment of the Ministry’s activities during the first year of Nikos Christodoulides’ presidency, the competent minister, George Papanastasiou, referred to the […]
The value of Cypriot sovereign bonds held by the Eurosystem by end-April remained unchanged at €6.76 billion, as the European Central Bank continues deleveraging its balance sheet in the context of its restrictive monetary policy cycle in a bid to reduce inflation. According to Eurosystem available data by end April processed by CNA, the value […]
The Japan International Cooperation Agency (JICA) has recently launched an agriculture development program in Pursat province aiming to both increase rice production yields throughout the province, while simultaneously reducing the negative effects of large-scale paddy farming through the use of innovative new production techniques. The venture reflects another example of the ongoing support and capital […]
In the first four months this year, Cambodia exported 248,491 tonnes of rice worth $170.2 million, a report by the Cambodia Rice Federation (CRF) showed yesterday. Cambodia gained $46.6 million from exporting 82,491 tonnes of rice in April alone, the report said. China was Cambodia’s largest rice importer as it purchased 67,457 tonnes of milled […]
The Council for the Development of Cambodia (CDC) in collaboration with the Japan External Trade Organisation (JETRO) yesterday organised an investment forum in Tokyo to attract Japanese investors to explore opportunities in the Kingdom. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of CDC on Tuesday led a high-level delegation to promote investment potential to […]
Prime Minister Hun Manet on Tuesday okayed Qatar investors to explore investment opportunities and seek business partners in several sectors including trade, investment and vocational training. This was revealed by Khalid Ali Abdullah Abel, Ambassador of Qatar to Cambodia during a courtesy call to Prime Minister Hun Manet held at the Peace Palace, Phnom Penh […]
Deputy Minister of Research Nicodemos Damianou recently addressed two investment incentives launched at the Deputy Ministry of Research, Innovation and Digital Policy, acknowledging that there is room for improvement. These initiatives include a tax exemption for innovative businesses and a startup visa scheme, amidst ambitions to attract investment and nurture the startup ecosystem. The first […]
Deputy Minister of Tourism Kostas Koumis is in Dubai, United Arab Emirates, for the Arabian Travel Market tourist exhibition taking place there. According to a Deputy Ministry of Tourism press release, Koumis will on 7 May hold meetings with representatives of three airline companies and other tourism industry stakeholders. On 8 May, Koumis will go to […]
Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro/Ro units (“Roll-on/Roll-off,”) in 2023 alone. This number represents a near 75% increase in volume since the company took over operation of the port’s multipurpose terminal in 2017. An interesting trend […]
The Chief Scientist for Research, Innovation and Technology, Demetris Skourides, visited Medicover Genetics Cyprus’ laboratories in Nicosia on April 30. He was hosted by Executive Director Professor Philippos Patsalis and toured the facilities, engaging in a productive discussion about the biotechnology company’s groundbreaking work. During their meeting, Skourides expressed his deep appreciation for the opportunity […]
Both selling prices and rents of holiday homes on the island are at their highest point in the last eight years, with the sector finally shaking off the impacts of the COVID-19 pandemic. It is noted that both apartment and house rents used for vacations are at their highest point since 2016, with prices more […]
Determining the premier city in Cyprus regarding quality of life, considering specific indicators crucial for citizens’ overall well-being, is multifaceted question. According to the research of Phileleftheros, based on data from the Numbeo website, there are interesting findings indicating that the quality of life within Cyprus may vary from city to city. The quality of […]
Cambodia registered projects with fixed-asset investments worth $310 million in April this year, a year-on-year decrease of 47 percent from the $588 million recorded in April last year. The number of approved fixed-asset projects decreased by 66 percent from 65 projects registered during the same period last year. Chinese investors are the largest source of […]
Prime Minister Hun Manet yesterday encouraged all ministries and institutions to strive to establish a digital ecosystem – a group of interconnected information technology sources – for business and trade operations aimed at creating a foundation for a better business environment while luring more foreign investment into the Kingdom. Presiding over the official launch of […]
Cambodia’s exports grew by an average of 13.3 percent between 2017 and 2023 and reached $23.47 billion, or 54.7 percent of the country’s gross domestic product in 2023. The figures were emphasised by Hun Manet, Prime Minister of the Kingdom of Cambodia while presiding over the launching ceremony of the National Single Window at Sokha […]
The Council for the Development of Cambodia (CDC) on May 7, 2024 issued a press release stating that in April 2024, the CDC approved 22 new projects and production expansion projects with a total investment of over $309 million. According to a press release, in April 2024, the CDC approved 21 new projects and one […]