How venture capital can help transform Cyprus’ startup landscape By Andreas Panayi Despite the progress and momentum Cyprus has built over the past few years, it’s undeniable that our startup ecosystem is still in its infancy. Critical mass is still lacking and a couple of key foundational elements are not easily accessible. Without addressing these […]
The First Vice President of the Council for the Development of Cambodia (CDC), Sun Chanthol said that in the first 11 months of the seventh term, led by Prime Minister Hun Manet, 237 investment projects were approved with an investment capital of over $6 billion, an increase of 220%, indicating the efforts of leaders to […]
The Ministry of Tourism has announced that from August 5 to 11, Cambodia welcomed approximately 361,200 domestic tourists and 65,000 international visitors. This influx of travellers highlights the country’s growing appeal as a destination of choice in the region. During this period, 17,355 tickets were sold to foreign tourists for the Angkor Archaeological Park, reflecting […]
Cambodia’s famous Angkor Archaeological Park received 44,053 Chinese visitors in the first seven months of this year, up 33.4% over the same period last year, the state-owned Angkor Enterprise said in a report on Wednesday. The number accounted for 7.5% of total international tourist arrivals to the ancient park during the January-July period this year, […]
A record 128,000 individuals with a net worth exceeding €1 million are expected to change their country of residence this year, exceeding the previous year’s record of 120,000, according to UK-based consultants Henley & Partners. The reason for the new record are plans by the UK’s new Labour government that will abolish or significantly modify […]
The Ministry has announced new investment interventions through the Strategic Plan of the Common Agricultural Policy 2023-2027, featuring subsidies amounting to €10 million. These are investments to modernise and improve the competitiveness of the overall performance and sustainability of agricultural holdings, as well as investments that contribute to the protection of the environment and animal […]
Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]
The long-discussed regeneration project for the central avenue linking Kato Paphos to Coral Bay through Chloraks and Kissonerga is finally on the path to implementation after two decades of deliberation among Paphos stakeholders. The project, which is being developed in two phases, aims to significantly enhance road safety for pedestrians, cyclists, and motorists. The first phase has […]
Singapore Airlines (SIA) announced plans to significantly increase the number of flights to several key destinations, including Siem Reap province, in response to rising demand for air travel. The changes will take effect from March to October 2025, as part of the airline’s broader efforts to boost passenger capacity across its network. “In a news […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) Monday called on relevant ministries to examine the possibility of optimising the Investment Project Application (IPA) by reconciling data with the CDC’s new system to enhance convenience in attracting investors. Addressing an inter-ministerial meeting to design a new […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) Monday called on relevant ministries to examine the possibility of optimising the Investment Project Application (IPA) by reconciling data with the CDC’s new system to improve convenience in attracting investors. Addressing an inter-ministerial meeting to design a new […]
The Ambassador of the Republic of Korea to Cambodia Tuesday commended the Cambodian government for its proactive measures to enhance the investment climate in the country, stressing that more Korean investors are keen to explore opportunities in the Kingdom. Park Jung-Wook made the remarks during a meeting with Prime Minister Hun Manet at the Peace […]
The Municipality of Nicosia’s effort for sustainable urban development is anticipated to be strengthened and enriched through its participation in the Cities After Dark project which concerns the implementation of innovative urban policies that improve the quality of life for residents and visitors during the night. The project is part of URBACT, a European cooperation programme that aims […]
Beam Global has delivered solar charging kit to British Forces Cyprus which is now in use across the bases. This includes ten transportable electric vehicle charging points and an accompanying trailer to allow movement of the chargers. The equipment is in use across the Sovereign Base Areas camps at Episkopi, Dhekelia, Akrotiri, and Agios Nikolaos. […]
The Larnaca Tourism Development and Promotion Company (ETAP) has launched a major beach cleaning initiative in response to tourist complaints about litter on the city’s beaches, officials said on Tuesday. ETAP, in collaboration with Larnaca Municipality and hotels in the Pyla tourist area, and supported by the Deputy Ministry of Tourism, has engaged a specialist team […]
Plans are progressing for the construction of bus lanes along Nikos and Despina Pattichis Avenue and the coastal road leading to Agios Tychonas, along with the development of bike lanes and two park-and-ride stations in Limassol. These projects are expected to significantly ease traffic congestion in the city. The Public Works Department has initiated the tender […]