The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official announcement, the CBC stated that, in accordance with the Macroprudential Supervision of Institutions Laws of 2015 to 2022, it deemed it necessary […]
The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows year-on-year increases of 2.5 per cent in January 2025 and 2.0 per cent in December 2024, according to the most recently revised data. […]
Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Costas Koumis said on Tuesday. Last year, arrivals surpassed four million tourist for the first time, generating over €3 billion in revenue. Koumis said tourist arrivals so far this year are […]
PHNOM PENH: Cambodian cashew nuts which are processed in the Kingdom are starting to make their mark on the international market. A Taiwanese company has announced its intention to purchase 3,000 tonnes of processed nuts, noted Uon Silot, president of the Cashew Nut Association of Cambodia (CAC). Speaking to The Post on Friday (March 28), […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), yesterday said that the textile sector has experienced a remarkable 50 percent annual growth in exports, reaching a total export value of $14 billion last year. Speaking at the ‘Cambodia Global Textile Summit 2025’ themed ‘Shaping the Future: […]
PHNOM PENH: Cambodian cashew nuts which are processed in the Kingdom are starting to make their mark on the international market. A Taiwanese company has announced its intention to purchase 3,000 tonnes of processed nuts, noted Uon Silot, president of the Cashew Nut Association of Cambodia (CAC). Speaking to The Post on Friday (March 28), […]
President Nikos Christodoulides has announced more than 60 projects totaling over €180 million for the Larnaca district. He made the announcement on 29 March during an extensive meeting with stakeholders from the coastal town in Voroklini. The President is on a tour of municipalities and communities in Cyprus. Accompanied by several Ministers, Deputy Ministers, the […]
The Limassol Chamber of Commerce & Industry’s President, Andreas Tsouloftas, Honorary Secretary Liakos Theodorou and Secretary/Director Anthia Papageorgiou, recently hosted the British High Commissioner to Cyprus Michael Tatham, at the Chamber. In a LinkedIn post, the Chamber said discussions focused on key areas of mutual interest, “with an emphasis on strengthening bilateral cooperation and fostering […]
Deputy Minister of Shipping, Marina Hadjimanolis has highlighted the importance of the increase of Cyprus fleet by 18% from September 2023 to date. She was speaking during a recent dinner she hosted in Athens, to mark the second anniversary since Nikos Christodoulides’ government assumed office. According to a press release issued by the Deputy Ministry of Shipping, Hadjimanolis, paid a visit to […]
The Industrial Production Index reached 103.9 units (base 2021=100) in January 2025, recording an increase of 4.3% compared to January 2024, CySTAT data show. In particular, the manufacturing sector registered an increase of 3.7% compared to January 2024, while an increase was also observed in the sectors of mining and quarrying (+16.8%), water supply and materials recovery […]
A significant increase of 51.5% was recorded in February 2025 for poultry eggs for hatching placed in incubation for egg production, compared to February 2024, reaching 90,360, according to data released by CySTAT. Additionally, hatching eggs of poultry hens placed in incubation for meat production amounted to 1,351,500 in February 2025, marking a 13% decrease compared to […]
President Nikos Christodoulides announced on Monday that the Cabinet has approved an Easter allowance of 250 euros for low-income pensioners, reflecting a 30% increase from last year’s payment. Speaking at the Presidential Palace during a cabinet meeting, Christodoulides highlighted that the decision would benefit “more than 11,000 low-income pensioners” across the country. “I would like to […]
The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This proposed plan will be implemented over the next 12 months on a 14,858 square metres plot in the Vrysoudia area of Paralimni municipality. The expansion, which is contingent upon an […]
SOFTSWISS, a leading international technology company specialising in iGaming software development, is set to participate in this year’s Reflect Festival as a Bronze Sponsor. The festival, scheduled to take place on May 15–16 in Limassol, is one of the premier technology events in the region, bringing together top innovators and entrepreneurs. As part of its […]
A large cruise ship docked at Sihanoukville Autonomous Port on March 28, 2025, carrying 930 multinational tourists and crew members for a one-day visit to Cambodia. The cruise ship, named INSIGNIA (flagged under the Marshall Islands), brought 528 tourists, including 273 females, from 24 different nationalities, along with 402 crew members, 84 of whom are […]
Bakong, the Kingdom’s national payment system, has achieved a highly impressive user metrics milestone with volumes reaching over 300 percent of the country’s GDP, leading Blockchain innovation tracker COINGEEK said on Wednesday. This is a massive spike from the previous years, and the latest data provided by the National Bank of Cambodia (NBC) highlights the […]