The total registrations of motor vehicles recorded an annual increase of 16.6% in January-July 2024, according to CySTAT, which announced the publication of a report entitled “Registration of Motor Vehicles” for the period January-July 2024. The report says that in July 2024, the total registrations of motor vehicles numbered 4,614, recording an increase of 3.9% […]
The Cyprus Chamber of Commerce and Industry (Keve) this week released a statement emphasising the strategic importance of the Cyprus-Europe electricity interconnection through Greece, highlighting its significance both for Cyprus and the European Union. “This project is crucial not only for geopolitical reasons but also to end the energy isolation of our country by integrating […]
Hellenic Bank on Friday reaffirmed its commitment to sustainability through a number of actions and initiatives outlined in its 2023 sustainability report. The report provides an in-depth look at the bank’s environmental, social, and governance (ESG) strategy. which, the bank said has become a key pillar of its overall operations. “The report confirms Hellenic Bank’s […]
A workshop on rubber technology was hosted by the government in Kampong Cham Province on Wednesday to impart latex harvesting skills to provincial officials. Titled ‘Transfer of Rubber Technology to Local Officers’, the workshop was held at the Department of Agriculture, Forestry and Fisheries. Organised with support from the World Wildlife Fund (WWF)-Cambodia, the workshop […]
Discussions between the Cambodia Rice Federation (CRF) and NTUC FairPrice Group, one of Singapore’s largest retailers, are underway to establish a long-term rice supply agreement, aiming to significantly increase Cambodia’s rice exports to Singapore. Chan Sokheang, President of the Cambodia Rice Federation, met with Ho Wah Lee, Independent Director of NTUC Fairprice Group of Singapore, […]
The European Chamber of Commerce in Cambodia (EuroCham) recently renewed its commitment to support the efforts of the Royal Government of Cambodia to promote investments from abroad. The message was conveyed when a delegation from EuroCham called on Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia […]
The production of services remained more or less stable in the eurozone (down -0.1%) and in the EU (+0.1%) in May 2024 compared to April, while increasing compared to May 2023 (+2.5% in the eurozone and 2.6% in the EU) according to estimates from Eurostat. In Cyprus in May there was a 3.6% annual increase compared […]
Cyprus is sweetening the pot for its Olympic athletes, with cash bonuses and job guarantees on offer for medallists and finalists. The Cypriot government is providing up to €150,000 to athletes who win gold at the Olympic Games, according to the Cyprus Sports Organisation (CSO). Silver and bronze medallists will receive €125,000 and €110,000 respectively. Financial […]
Building permits issued in Cyprus increased by 8.5 per cent during the period from January to May 2024, compared to the same period in 2023, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Specifically, the service reported that a total of 3,254 permits were issued during this period, up from 2,998 in the corresponding […]
The Larnaca Regional Tourism Board (Etap) on Thursday said that it is continuing to intensify its efforts this year under its action plan, which focuses on ecological improvements and enhancing accessibility. The board said that this will help strengthen Larnaca’s tourism appeal and provide an enhanced environment for both visitors and locals. One of the […]
The Cyprus Chamber of Commerce and Industry (Keve) this week said that there is an urgent need to modernise state pavilions and streamline procedures to enhance Cyprus’ presence at international exhibitions and attract investors. In a statement, the chamber said that a meeting took place this week, in collaboration with the Ministry of Energy, Commerce, […]
Sun Chanthol, the First Vice President of the Council for the Development of Cambodia (CDC), received a delegation of EuroCham Cambodia led by its Chairman, Tassilo Brinzer, for further investment cooperation discussions at the CDC’s headquarters this morning. The discussion gave an opportunity to EuroCham Cambodia to address their needs and challenges for their additional […]
Cambodia attracted fixed-asset investment of 396 million U.S. dollars in July 2024, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. Cambodian government approved 44 investment projects last month, which could generate approximately 25,000 jobs, according to the CDC. The new projects included a special economic zone, an aluminum […]
A delegation of Japanese companies led by the Japan External Trade Organization (JETRO) has sought investment opportunities in Cambodia, particularly in green industries. The delegation mentioned this during a meeting with Prime Minister Hun Manet on Tuesday in Phnom Penh. JETRO’s Executive Vice President Mio Kawada said that the delegation comprised representatives from 19 Japanese […]
The Council for Development of Cambodia (CDC) has greenlighted 44 new investment projects worth $396 million in July 2024. These projects are expected to generate approximately 25,000 jobs for the local workforce, stated a CDC report issued on Wednesday. China remains the top investor in Cambodia, accounting for 68 percent of the total investment capital, […]
Cambodia’s Ministry of Labour and Vocational Training (MLVT) renewed its association with the American Center for International Labor Solidarity (ACILS) by signing a Memorandum of Understanding (MoU) on Tuesday. The MoU signed between Heng Sour, Minister of Labour and Vocational Training and William Conklin, Country Director of the American Center for International Labor Solidarity (ACILS) […]