Motorcycle registrations, concerning both small and large vehicles, are on the rise, occupying a significant part of the market. According to CySTAT data, motorcycle registrations for vehicles of over 50 cubic centimeters (cc) in the period January – July 2024 increased by 6.1%, reaching 2,218, compared to 2,090 in the corresponding period last year. At […]
Cyprus’ tourism revenue reached €385.2 million in June 2024, marking a 6.6 per cent rise compared to €361.5 million in the same month of the previous year. According to the Cyprus Statistical Service (Cystat), tourism revenue totalled €1.13 billion in the first half of 2024, up by 4.2 per cent from €1.09 billion during the corresponding period in 2023. The average expenditure […]
Brookstreet Equity Partners, a Greek-founded fund management firm, whose investment footprint includes Cyprus, this week launched a new investment platform based in London. According to an official announcement, the new platform focuses on critical sectors such as artificial intelligence (AI), green energy, as well as health and longevity. “We believe these sectors will drive the […]
The Cambodian economy is demonstrating signs of an overall rebound in 2024, spurred by improving liquidity and improving export demand, says a recently released report, titled ‘Economic Snapshot and Outlook 2024’ by investment advisory firm, Mekong Strategic Capital (MSC). The positive outlook for 2024 and beyond follows a significant slowdown which dampened overall economic growth […]
Cambodia and Canada have discussed ways to promote bilateral trade in their agriculture and agri-food sectors, elevating it to the next level. Rath Saravuth, the Ministry of Commerce secretary of state, and Diedrah Kelly, the Executive Director of the Canadian Indo-Pacific Agriculture and Agri-Food Office (IPAAO), who is based in Manila, the Philippines, discussed the […]
From September 2023 to August 2024, in the first year of the 7th-mandate the Royal Government of Cambodia, the Council for Development of Cambodia (CDC) granted licences to 391 new investment projects and production expansion projects with a combined capital of over $7.5 billion. The figures show an increase of 168 projects and about $4.67 […]
The Council for the Development of Cambodia (CDC) strengthened ties with the Korea International Cooperation Agency (KOICA), one of the international development partners of the country, and recently discussed with it the development cooperation for 2025 and 2026. The discussions over lunch on Tuesday were led by Chhieng Yanara, Senior Minister in Charge of Special […]
A delegation of Canada-ASEAN Business Council, led by its President Wayne C Farmer, are visiting Cambodia to learn about the investment potential and opportunities in the area of agro and food industries and related supply chain. The delegation was received by Sun Chanthol, the First Vice President of the Council for the Development of Cambodia […]
The American University of Beirut – Mediterraneo (AUB Mediterraneo) will inaugurate its new Paphos campus on September 4, a significant milestone for its operations in Cyprus. The inaugural ceremony, scheduled for 7:00 pm on Wednesday, September 4 at Apostolou Pavlou Avenue 50, promises to be an event for both the university and the broader region. […]
The Cyprus Agricultural Payments Organisation (Capo) this week announced that it has established a strategic partnership with the Eratosthenes Centre of Excellence (ECoE), which operates within the Cyprus University of Technology (Tepak). According to the announcement, this key agreement was formally signed by Andreas Kyprianou, Capo Commissioner, and Diofantos G. Hadjimitsis, Managing Director of the ECoE. In their […]
The Cypriot government is in the process of creating a national strategy for cruise tourism, aimed at transforming the island into a prime destination in the Eastern Mediterranean, it emerged on Wednesday. The new cruise strategy, set to be finalised by the first half of 2025 is expected to further bolster the economy and job market, considering the […]
PHNOM PENH, August 27, 2024 — In a move to promote Cambodian cashew products within the aviation sector, To Pila, Secretary of State at the Ministry of Commerce, and Van Chanty, Director General of Air Transport Policy at the Secretariat of State for Civil Aviation, recently convened to discuss the introduction of processed cashews for […]
Local business conglomerate, the Royal Group of Companies launched the Kingdom’s first private charter jet service during an official ceremony last week, including a maiden jet flight departing from the Phnom Penh International Airport hosting various dignitaries, stakeholders and guests. The private charter jet service will operate under the group’s subsidiary, CamJets Royal Group. During […]
Minister of Mines and Energy Keo Rottanak has unveiled potential industrial development in Pursat province, now dubbed the country’s “battery”, which once known as a remote Khmer Rouge stronghold. Significant foreign investments are now pouring into the area, contributing to economic growth and improving the livelihoods of local residents. Pursat, Cambodia’s fourth-largest province by area, […]
Ministry of Commerce (MoC) Monday called for the implementation the comprehensive strategies to address the challenges and promote economic empowerment of women including investing in women’s skills development programs. Addressing a workshop on ‘SheTrade Outlook Validation’ at the Hyatt Regency Hotel in the capital, Minister of Commerce Cham Nimul said that her ministry has been […]
Minister of Transport, Communications and Works Alexis Vafeades has said contractors will be in place to continue specefic works at Larnaca marina “in about a year.” These contractors, the Minister continued, will be responsible for implementing specific short-term reconstruction projects selected to continue. Speaking on Ant1’s midday news show on 27 August, Vafeades mentioned that […]