Cyprus’ flagship tech & startup festival, Reflect Festival, returned to Limassol, welcoming 9,000 entrepreneurs, investors, and tech enthusiasts in an ambitious new venue. Reflect Festival successfully wrapped up another edition fueled by a passion for innovation and tech, bringing together 9,000 attendees to discuss technology, startups, and innovation. The 7th edition marks the biggest conference […]
The capital markets team of Elias Neocleous & Co LLC has successfully assisted Premier Energy PLC in relation to the initial public offering (IPO) and listing on the Bucharest Stock Exchange. This transaction, valued at approximately €482 million, marks the largest IPO on the Bucharest Stock Exchange in the last five years. Our team, led […]
Cypriot firm Ask Wire, a real estate data analytics company, this week announced the successful completion of its equity extension round, securing funding to support its expansion into key European markets, particularly Greece and Romania. According to the announcement, the majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, […]
Sun Chanthol, Deputy Prime Minister and First Vice President of Council for the Department of Cambodia (CDC), received a courtesy call on June 4 from Patrick Murphy, Executive Vice President of Rice and Grains/Global Sourcing at Otis McAllister, Inc., and a delegation from the Rice Federation of Cambodia. During the courtesy call on the occasion, […]
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) – a non-profit organisation – on Monday proposed the Council for the Development of Cambodia (CDC) to promote local enterprises by allowing the delegation to take part in the overseas trip, luring foreign investors to explore investment opportunities in processing Khmer agricultural products. […]
Heng Sour, Minister of Labour and Vocational Training, met with Casey Barnett, President of the American Chamber of Commerce in Cambodia (AmCham), at the Ministry on June 3, 2024. During the meeting, the Minister and Barnett discussed the challenges of increasing labour productivity in the production chain to make the Cambodian workforce more productive and […]
JetBrains reaffirmed its ongoing commitment to innovation and education in the software development field at the recently held TechIsland summit in Limassol. This commitment, which has been a cornerstone of the company since its founding in 2000, focuses on creating effective developer tools by automating routine tasks and developing intelligent solutions. This allows developers to […]
The Cyprus Mail’s SOUZANA PSARA recently attended Cyprus-based marketing agency CAPSBOLD’s presentation at Reflect Festival, where she chatted with PR Director Olga Loktionova about the future of marketing and the transformative power of AI. In today’s bustling digital landscape, capturing and retaining the audience’s attention has become an intricate art form. “Today we live in […]
Cypriots are planning their summer holidays in record numbers, booking airline tickets and hotel beds with a fervour that could set a new high for outbound travel. According to tour operators and leisure professionals, this trend of Cypriots travelling abroad continues unabated. Last year, nearly 1.7 million trips abroad were made by Cypriots, up from […]
Cyprus is set to make a significant showing at the international shipping conference Posidonia 2024 in Athens, with around seventy companies participating in what is considered the largest maritime exhibition in the world. Held biennially, Posidonia attracts exhibitors from all sectors related to shipping, with representatives from over eighty countries emphasising its global importance. Deputy […]
Cyprus’ real GDP grew by an annual 3.5% and by 3.4% in seasonally adjusted terms in the first quarter of 2024, with the Construction sector recording the highest annual and quarterly percentage gains, according to Cystat. In its quarterly national accounts for the first quarter of this year, Cystat said the growth rate in real […]
Turnover in retail trade recorded annual increases both in value and in volume in April, according Cystat. The Turnover Value Index of Retail Trade for April increased by 6.5% compared to the respective month of last year, whereas for the same month, the Turnover Volume Index of Retail Trade rose by an annual 5.3%. For […]
The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, according to the key financial indicators published by the Central Bank of Cyprus (CBC). The return on equity (RoE) ratio for Cyprus banks jumped to 24.6% in 2023, a stark increase from 4.8% in the previous year. This dramatic rise […]
Larnaca on Friday unveiled a new corporate identity, marking a pivotal moment for the city’s tourism, according to Deputy Minister of Tourism Kostas Koumis. He emphasised that the rebranding aims to encapsulate the authentic essence of Larnaca, showcasing its rich history, local gastronomy, and sustainable tourism practices. In his welcoming remarks at the event organised […]
PHNOM PENH, June 4, 2024 – The Sihanoukville Autonomous Port (PAS), the largest seaport in Cambodia, has reported a substantial revenue increase in the initial four months of the year. According to a report released by PAS on Monday, the port saw revenues of $35.2 million from January through April, representing a 24.4 percent rise […]
PHNOM PENH, June 4, 2024 – Cambodia is poised to make significant advancements in renewable energy with the introduction of the country’s first wind farms slated for development in Mondulkiri and Kampot provinces. Keo Rottanak, Minister of Mines and Energy, revealed the plans in a recent video published on the ministry’s social media platforms. He […]