Lending in Cyprus last year by the European Investment Bank (EIB) Group rose to €257 million, up 3% compared with 2022. The new financing went towards increasing economic competitiveness, mitigating climate change and improving everyday life for residents. The EIB committed €130 million to support a programme called THALIA that targets smart and green investments […]
Industrial production in Cyprus increased by 2.4% in 2023 compared to 2022, according to data released by Cystat. The Industrial Production Index reached 136.1 units (base year 2015=100) in December 2023, marking a 2.3% increase compared to the same month in 2022. Overall, during the year 2023, the index showed a 2.4% increase compared to […]
After lengthy tender procedures, the Electricity Authority (EAC) has awarded the tender for the installation of smart meters to the Cyprus Telecommunications Authority (Cyta), it emerged on Wednesday. The decision to award the tender for the supply and installation of 400,000 meters was made by the EAC’s new board of directors on Monday, as reported by Phileleftheros. The […]
Consulting and advisory firm Deloitte Cyprus on Thursday announced the release of the organisation’s Global Human Capital Trends report for 2024, which examines the most important issues for organisations, leaders and workers. This year’s report, based on surveys from over 14,000 business and human resources leaders across many industries and sectors in 95 countries, including Cyprus, “Thriving Beyond Boundaries: […]
Cyprus’ tourism revenue amounted to €74.3 million in December 2023, compared to €57.6m in the corresponding month of the previous year, marking an increase of 29 per cent, according to a report released on Thursday by the Cyprus Statistical Service (Cystat). According to the report, which is based on the results of the service’s Passenger Survey, […]
Cambodian Prime Minister Hun Manet received here at the Peace Palace on February 28, 2024 visiting CEO of Jones Group International (JGI) Jim Jones. In the meeting, Jim Jones told Prime Minister of his visit, the purpose of which is to meet with partners and stakeholders to build better connection between the private sector of […]
Representatives from 17 mega firms from the United States have evinced interest in exploring investment opportunities in the Kingdom. A delegation, led by Brian David McFeeters, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council along with US Ambassador to Cambodia W. Patrick Murphy met Prime Minister Hun Manet at the Peace […]
Prime Minister Hun Manet urged Maybank, Malaysia’s most valuable bank brand, to enhance collaboration with the National Bank of Cambodia (NBC) to establish joint cross-bank payments for the promotion of the Kingdom’s financial sector. The Premier also encouraged the bank to consider the establishment of the halal food industry as well as support the export […]
The Royal Railway of Cambodia (RRC) has unveiled its plan for additional investment to improve the northern railroad line, currently out of service. The company’s representative led by its CEO John Guir presented the business plan in a meeting held on Tuesday with officials of the Ministry of Public Works and Transport. The Royal Railway […]
Siem Reap province will host the Eighth River Festival and the Visit Siem Reap 2024 campaign next weekend, said Sok Soken, Minister of Tourism on Wednesday. The campaign is expected to be presided over by Prime Minister Hun Manet on March 16, the minister added. The announcement was made yesterday by Soken during a meeting […]
The National Bank of Cambodia (NBC) and Bank Negara Malaysia (BNM) – the Malaysian central bank – signed a memorandum of understanding (MoU) to strengthen digital innovation and payment systems. The deal is projected to reach over five million merchants from both countries as they accept QR payments. The exchange of an MoU on Tuesday […]
The advent of Artificial Intelligence (AI) is on the cusp of transforming the way businesses are conducted in Cambodia, said Sopheakmongkol Sok, Chairman and Co-Founder of Codingate Technology to Khmer Times on Wednesday. Highlighting the infinite advantages of AI, he said, “Let’s say we need a hundred people to perform a single task but with […]
Industrial production in Cyprus witnessed an increase of 2.4 per cent in 2023 compared to the previous year, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Cyprus’ Industrial Production Index reached 136.1 units in December 2023, with 2015 being the base year, marking a 2.3 per cent rise compared to […]
The Vice President of the European Investment Bank (EIB), Kyriakos Kakouris, is set to embark on an official visit to Cyprus on Thursday and Friday. The visit, according to an announcement released on Wednesday by the Finance Ministry, will include a series of meetings with key Cypriot officials. Accompanied by a delegation from the EIB […]
Energy Minister George Papanastasiou, who is attending the Investopia 2024 conference is in Abu Dhabi, will take part in a discussion on “Strategic Priorities in a Shifting Global Landscape: A Policy Perspective.” Investopia is a UAE-based platform, which tries to bring the global investment community in touch with burgeoning opportunities across new economies. It was launched […]
Alkis H. Hadjikyriakos Public Ltd, which makes the Frou Frou brand biscuits has announced increases in the prices of its products containing chocolate by 20 to 30 percent. The higher prices that will come into effect on April 1 are the direct result of the rising cost of cocoa which has increased by a staggering 153.55 per […]