A new AI-powered assistant called Placy has been launched in Cyprus, aiming to transform the real estate sector, according to an announcement released on Thursday. The announcement noted that this tool aims to simplify the traditionally complex property market, offering increased efficiency and insight for both professionals and clients. “Cyprus presents a unique opportunity for […]
The Cyprus Mail recently had the opportunity to sit down with Kostas Kontogiannis, the Chief Financial Officer of e-commerce platform and online marketplace Skroutz, in the context of the company’s participation and sponsorship of the Reflect Festival in Limassol. Kontogiannis’ professional journey includes notable tenures at PwC Greece and Mazars Greece, where he specialised in financial due diligence, transaction services, […]
Chief Scientist Demetris Skourides recently attended a ceremony at NASA headquarters in Washington DC in order to witness the Cypriot team “Brute Force” receiving the highest accolade at the esteemed NASA Space Apps Challenge. This marked an unprecedented achievement for a team from Cyprus, celebrating their first invitation to such a prestigious event. “We are […]
The Cyprus government is committed to safeguarding Halloumi’s status as a Protected Designation of Origin (PDO) and maintaining its position as Cyprus’ leading export product, Government Spokesman Konstantinos Letymbiotis has said. His statement followed a marathon meeting at the Presidential Palace on 4 June, chaired by President Nikos Christodoulides, and attended by Agriculture Minister Maria […]
Cyprus is launching a new grant programme to spur business activity within the British Sovereign Base Areas, the government announced on Wednesday. The scheme, approved by the cabinet, aims to create a level playing field for Cypriot citizens and promote entrepreneurship, particularly among young people and women. It targets businesses in the manufacturing, services and […]
Kampot, June 6, 2024 – Prime Minister Hun Manet has instructed the Minister of Public Works to prioritize strengthening the railway safety system before proceeding with plans to develop a high-speed railway. Speaking at the inauguration ceremony of the multi-purpose port in Bokor city, Kampot province, the Prime Minister emphasized the government’s commitment to improving […]
A Ministry of Commerce report released on Wednesday said Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose to $14.17 billion in the first five months of 2024, up 14.2 percent from $12.4 billion over the same period last year. The report said the country’s trade with fellow RCEP members accounted for 65.6 […]
The first phase of the Kampot Multipurpose Port was officially inaugurated on Thursday signalling a new chapter in the nation’s logistics and maritime transportation sector and opening a new gateway for Cambodia to global trade. Addressing the inauguration ceremony, Prime Minister Hun Manet emphasized the port’s role as a new international gateway for Cambodia. He […]
Despite subdued domestic demand, the Kingdom’s economy will grow at 5.8 percent this year, 6.1 percent in 2025 and 6.4 percent in 2026, a rise of three percent annually for the next two years, driven by a revival of services and goods exports, the World Bank said in a report. World Bank launched the first […]
The Sokimex Group states that it has so far invested about 800 million US dollars to develop Bokor Mountain in Kampot province. Mr Sok Kong, who owns the Sokimex Group, say that the $ 800 million spent has not yet been recouped, but it is hoped that the investment projects that the company is developing […]
The volume and value of retail trade transactions in Cyprus saw a notable increase in April 2024 compared to the same month in 2023, according to a report released this week by the Cyprus Statistical Service. Specifically, the Retail Trade Turnover Value Index rose by 6.5 per cent in April 2024 compared to April 2023. […]
PHNOM PENH, June 5, 2024 – Under the leadership of the Cambodian People’s Party, spearheaded first by former Prime Minister Hun Sen and now by Prime Minister Hun Manet, Cambodia has implemented highly favorable tax policies. These policies are particularly aimed at supporting low-income and impoverished individuals by minimizing their tax burdens. The government has […]
Another cruiser “The World” with the flag of the Bahamas docked at the Sihanoukville Autonomous Port, Preah Sihanouk province, on Jun. 4 for a four-day visit to Cambodia. The cruiser brings along 190 tourists (80 female) of 28 different nationalities and 289 crew members (47 female) of 35 different nationalities. It had departed from Thailand […]
The Angkor Enterprise has announced that in the first five months of 2024, the total revenue from ticket sales at Angkor was more than 22 million US dollars, an increase of nearly 40 percent compared to last year. According to a press release from the Angkor Enterprise, in the first five months of 2024, the […]
PwC Cyprus once again demonstrated its commitment to supporting Reflect Festival, one of the most prominent technology and startup conferences in the region, which took place on May 30-31 in Limassol. As a gold sponsor of this year’s festival, PwC Cyprus reinforced its role in what has become the premier technology and business festival in […]
The Cypriot economy grew by 3.4 per cent in the first quarter of 2024 compared to the same period in 2023, with the construction sector showing the largest increase at 10.2 per cent, according to a report released this week by the Cyprus Statistical Service. Specifically, the growth rate of the economy for the first […]