Deputy Minister of Research Nicodemos Damianou recently addressed two investment incentives launched at the Deputy Ministry of Research, Innovation and Digital Policy, acknowledging that there is room for improvement. These initiatives include a tax exemption for innovative businesses and a startup visa scheme, amidst ambitions to attract investment and nurture the startup ecosystem. The first […]
Deputy Minister of Tourism Kostas Koumis is in Dubai, United Arab Emirates, for the Arabian Travel Market tourist exhibition taking place there. According to a Deputy Ministry of Tourism press release, Koumis will on 7 May hold meetings with representatives of three airline companies and other tourism industry stakeholders. On 8 May, Koumis will go to […]
Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro/Ro units (“Roll-on/Roll-off,”) in 2023 alone. This number represents a near 75% increase in volume since the company took over operation of the port’s multipurpose terminal in 2017. An interesting trend […]
The Chief Scientist for Research, Innovation and Technology, Demetris Skourides, visited Medicover Genetics Cyprus’ laboratories in Nicosia on April 30. He was hosted by Executive Director Professor Philippos Patsalis and toured the facilities, engaging in a productive discussion about the biotechnology company’s groundbreaking work. During their meeting, Skourides expressed his deep appreciation for the opportunity […]
Both selling prices and rents of holiday homes on the island are at their highest point in the last eight years, with the sector finally shaking off the impacts of the COVID-19 pandemic. It is noted that both apartment and house rents used for vacations are at their highest point since 2016, with prices more […]
Determining the premier city in Cyprus regarding quality of life, considering specific indicators crucial for citizens’ overall well-being, is multifaceted question. According to the research of Phileleftheros, based on data from the Numbeo website, there are interesting findings indicating that the quality of life within Cyprus may vary from city to city. The quality of […]
Cambodia registered projects with fixed-asset investments worth $310 million in April this year, a year-on-year decrease of 47 percent from the $588 million recorded in April last year. The number of approved fixed-asset projects decreased by 66 percent from 65 projects registered during the same period last year. Chinese investors are the largest source of […]
Prime Minister Hun Manet yesterday encouraged all ministries and institutions to strive to establish a digital ecosystem – a group of interconnected information technology sources – for business and trade operations aimed at creating a foundation for a better business environment while luring more foreign investment into the Kingdom. Presiding over the official launch of […]
Cambodia’s exports grew by an average of 13.3 percent between 2017 and 2023 and reached $23.47 billion, or 54.7 percent of the country’s gross domestic product in 2023. The figures were emphasised by Hun Manet, Prime Minister of the Kingdom of Cambodia while presiding over the launching ceremony of the National Single Window at Sokha […]
The Council for the Development of Cambodia (CDC) on May 7, 2024 issued a press release stating that in April 2024, the CDC approved 22 new projects and production expansion projects with a total investment of over $309 million. According to a press release, in April 2024, the CDC approved 21 new projects and one […]
Phnom Penh, 06 May, 2024: Anticipation grows as the completion of the Kampot International Tourism Port (KITP) draws near, promising to become a pivotal hub for both national and international tourists and a catalyst for economic growth. Located in Teuk Chhou district of Kampot province and spanning an impressive 4.5 hectares, the KITP is slated […]
The Kampot International Tourism Port, built using a loan from the Asian Development Bank (ADB), will commence operations in the third quarter of 2024, serving as a gateway for cruise ships connecting Thailand and Vietnam with Cambodia. The construction of the port was financed by an ADB loan of more than $10 million, given as […]
Lim Lork Piseth, Secretary of State at the Ministry of Commerce, accompanied by Tuy Ry, Ambassador of Cambodia to Japan, recently met with Mr TAKAHASHI Shinichi, Vice Mayor of Sendai City, at Sendai City Hall, Sendai City, Miyagi Prefecture, Japan, to discuss bilateral cooperation between Cambodia and Sendai in the fields of the economy, trade, […]
Trading accounts with the Cambodia Securities Exchange (CSX) have gone up to 51,044 by the end of the first quarter (Q1) this year, an increase of 31.67 percent year-on-year. According to data provided by Hong Sok Hour, CEO of CSX, yesterday, total trading volume during the January to March period, however, declined nearly 37.92 percent […]
A total of 20 entries have been finalised for the first 2024 Cashew Nutrition Competition in the Kingdom. Organised by the Department of Agriculture and Industry of the Ministry of Agriculture, Forestry and Fisheries, the event will be held in two rounds the first on May 9 and 10 in Siem Reap and the second […]
While many travelers may be familiar with Cambodia’s rich cultural history and places to visit, like the temples of Angkor Wat, the country has hundreds of miles of beautiful beaches along the Gulf of Thailand. Aside from almost 300 miles of coastline, this Southeast Asian country also has 60 offshore islands, many of which are holiday […]