Here are the top business stories in Cyprus from the week starting March 10: Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 per cent of the total. According to data from the Deputy Ministry of Tourism, shared on Monday by Stockwatch, this licensing shortfall […]
Record crowds enjoyed their weekend promenade on Phnom Penh’s ‘Walk Street’ on Saturday night. New attractions include a drama based on a scene from the movie “Putut Kumbhakar” on Saturday night, and on Sunday, there will be a traditional dance, the “Vay Krap” dance, so that citizens and foreign tourists can see and understand more […]
Paphos has established itself as the leading Cyprus destination for Polish tourists during the first quarter of 2025, continuing a trend that began last year. According to official statistics, approximately 49% of Polish visitors to Cyprus now stay in Paphos, making Poland a crucial market amid uncertainties surrounding the return of Israeli tourists due to ongoing Middle East […]
The University of Cyprus School of Engineering and Chevron Cyprus Limited have reached an agreement under which Chevron will provide three scholarships, totaling €15,375, to students pursuing master’s degrees in selected engineering fields. The three scholarships worth €5,125 each, concern master’s programmes in the Department of Electrical and Computer Engineering, the Department of Mechanical and […]
Deputy Minister of Tourism Kostas Koumis has held consecutive meetings with the ambassadors of Egypt and Qatar in Cyprus to discuss strengthening tourism cooperation between the countries. According to a statement released on Friday, Koumis met with Egyptian Ambassador Mohamed Shawky Zaazou, with discussions covering Cyprus-Egypt air connectivity, cruise tourism, and the role of travel agents and tour operators in both countries. The announcement noted […]
Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024. All recent revisions indicate a more optimistic outlook compared to previous estimates. A key factor driving these upward adjustments is the bank’s updated profit distribution policy. In its preliminary results announcement, the Bank of Cyprus stated its […]
The Cyprus Securities and Exchange Commission (CySEC) on Friday released a statement detailing its actions for this year’s Global Money Week 2025 (GMW 2025). According to the announcement, these include a variety of informative and educational activities. “Global Money Week is the annual international campaign, aimed at raising awareness about the importance of financial education for young people”, […]
The Cyprus Employers and Industrialists Federation (Oev) announced on Friday that George Pantelides, head partner at Deloitte and current deputy president of the federation, will assume the role of president on May 7, 2025. According to Oev, the transition follows the completion of the two consecutive two-year terms of current president Antonis Antoniou, which is the maximum allowed under the federation’s […]
As the Earth tilts and the sun aligns perfectly with the grandeur of Angkor Wat’s central tower, the most iconic temple in Cambodia offers an awe-inspiring spectacle that draws visitors from across the globe. This natural phenomenon, known as Equinox Angkor, marks the seasonal shift and demonstrates the ingenuity of Khmer architecture and its deep […]
Kampot city authorities have recently conducted a test run of the city’s latest tourist attraction – fountains dancing to the rhythm of music accompanied by colorful lights. After the installation and the addition of music, the authorities believe that Kampot province will change its face to another level and that visitors will come twice as […]
The two-day Digital Economy Forum 2025 concluded on Wednesday, promoting the sharing of knowledge of digital technologies and skills and the importance of digitalisation in the digital economy era. The forum was organised from March 11 to 12 at Oakwood Premier Hotel, Phnom Penh by the Digital Economy and Business Committee, with support from the […]
In a major move to address the capital’s traffic congestion, the Ministry of Public Works and Transport (MPWT) and experts from the Asian Infrastructure Investment Bank (AIIB) held wide-ranging discussions on the feasibility of a Metro Rail Transit (METRO) system. The meeting marked the beginning of a comprehensive study that could transform urban mobility in […]
Kristiina Kuvaja-Xanthopoulos, the newly appointed Finnish Ambassador to Cambodia, Wednesday pledged to provide technical assistance in the digital, trade, investment and business sectors aimed at creating an innovation ecosystem for small and medium enterprises (SMEs). Leading a delegation, the Finnish Ambassador based in Bangkok paid a courtesy call to Prime Minister Hun Manet to strengthen […]
Cambodia generated more than $106 million from rubber product exports in the first two months of 2025, according to a report from the General Directorate of Rubber under the Ministry of Agriculture, Forestry, and Fisheries (MAFF) on Tuesday. The report stated that as of February 2025, revenue from rubber exports totalled $105.12 million, while rubberwood […]
The Kampong Speu provincial administration is preparing to organise a bigger Sangkranta event than last year to celebrate the traditional Khmer New Year, which will be held on April 14-16, to enhance the atmosphere for the people of the province and national and international tourists. Ros Sok, Director of the Kampong Speu Provincial Tourism Department, […]
A Cypriot company has inaugurated a pilot data centre in Limassol with the dual purpose of providing digital services while potentially absorbing excess renewable energy that would otherwise be curtailed from the electrical grid. The initiative aims to transform the traditionally high energy consumption of data centres into an advantage for the national power grid by […]