The Finance Ministry has welcomed the observations and recommendations made by the International Monetary Fund (IMF) during its mission to Cyprus as part of the Article IV consultations. In a statement released on Friday, the ministry expressed agreement with the IMF’s assessment that the Cypriot economy has demonstrated resilience in the face of successive shocks and that fiscal indicators remain strong […]
Cyprus has shown resilience in the face of successive economic shocks, with growth remaining among the highest in the euro area, according to the International Monetary Fund (IMF). In a statement released on Friday, at the conclusion of an IMF mission to Cyprus from March 17 to 28, mission chief Alex Pienkowski highlighted key economic […]
Here are the top business stories in Cyprus from the week starting March 24: The Cyprus Borrowers Association (Syprodat) released a statement on Monday saying that despite recent interest rate cuts by the European Central Bank (ECB), many borrowers have not noticed a decrease in their monthly loan repayments. According to the association, this can […]
Please credit and share this article with others using this link: https://www.bangkokpost.com/business/general/2989512/or-forges-ahead-with-cambodia-drive. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved. SET-listed PTT Oil and Retail Business (OR) continues to expand in Cambodia, with a first “concept” Cafe Amazon branch recently opening to mark the company’s decision to make the […]
The importance of contract management in Public-Private Partnerships (PPPs) was highlighted by Edward Farquharson, Senior Adviser of the European Investment Bank (EIB), emphasising that the success of such collaborations depends largely on the quality of the contract and its proper implementation. Farquharson, speaking on the second day the international summit ‘Unlocking Investment Through PPP ‘, […]
The proposed Mall of Limassol is poised to create a premier destination for shopping, dining and entertainment in Limassol. As the project advances through important planning and approval phases, we spoke to Polys Tsiartziazis, onsite Development Manager for the proposed Mall of Limassol, about the latest milestones and the exciting potential this development holds for […]
Deputy Tourism Minister Kostas Koumis used his participation in a professional symposium to highlight Larnaca’s appeal as a tourist destination. The minister outlined Larnaca’s recent progress in terms growing its tourism sector, while the city’s bid to be selected as the European Capital of Culture 2030 was also discussed. The event, focused on tourism management […]
The independent expert commissioned to evaluate Eurobank’s public offer for the remaining shares of Hellenic Bank has deemed the proposed exchange of €4.843 per share as fair and reasonable. This assessment, based on the independent valuation report, concludes that “the proposed consideration to be paid by the offeror to the shareholders of the company in […]
The Eurobank Group on Thursday released a statement reaffirming its “commitment to further expansion and its continued confidence in the Cypriot economy”. It should be noted that the group’s management is currently in Cyprus for a board of directors meeting. In this context, the management of Hellenic Bank, a member of the Eurobank Group, hosted […]
The Bank of Cyprus on Thursday announced its final financial results for 2024, confirming profits of €508 million, as previously indicated in its preliminary results. In its announcement, the bank underlined its strong capital position and its ability to generate returns for shareholders. According to the final results, net interest income for the year ending […]
On March 25, 2025, Huot Hak, the Minister of Tourism, welcomed eight Honorary Consuls General for a courtesy visit at the Ministry of Tourism. The Honorary Consuls General present were Salah ESSA, Honorary Consul of Cyprus; Markus GRINDLING, Honorary Consul of Austria; Aurelio FLACCO, Honorary Consul of Italy; Torsten MUNTHER, Honorary Consul of Germany; SENG […]
Cambodia and India yesterday agreed to enhance the existing collaboration in technology, trade, and investment as the two nations have enjoyed decades of diplomatic relations, with ongoing progress in multiple areas of collaboration. A consensus to the effect was agreed upon during a meeting between Sun Chanthol, Deputy Prime Minister and First Vice Chairman of […]
The Council for the Development of Cambodia (CDC) and Asian Development Bank (ADB) Tuesday discussed the potential implementation of a comprehensive traceability system across various sectors in the country. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), presided over the working discussion meeting in Phnom Penh […]
Cambodia’s Vision 2050 received a boost as the World Bank Tuesday reaffirmed its commitment to supporting the country’s long-term development through a newly approved Partnership Framework (2025-2029). The commitment was made during a high-level meeting between Prime Minister Hun Manet and Mariam J. Sherman, World Bank Country Director for Cambodia, Vietnam, and Laos at the […]
Prime Minister Hun Manet yesterday unveiled a five-year master plan for the development of the international port infrastructure and logistics in Preah Sihanouk province with a$1 billion budget. He said that while there are several other ports in Kampot and Koh Kong provinces, the international port in Sihanoukville remains Cambodia’s primary gateway for overseas shipping. […]
A panel discussion at the Unlocking Investment Through PPP International Summit, taking place in Nicosia, looked at how public-private partnerships (PPPs) can contribute to attracting foreign investments and in turn economic growth, with experts tackling the entire spectrum, from financing to how artificial intelligence (AI) can make PPPs more efficient. The panel, entitled “Why is […]