The ongoing debate over multiple pensions for former and current state officials has taken center stage in Cyprus, with the Cypriot government facing criticism from political parties and the country’s Audit Office. Finance Minister Makis Keravnos convened a meeting with parliamentary parties to address the issue, but only representatives from two parties attended. The absence […]
Cyprus ended 2023 with a fiscal surplus of 918.7 million euros, the country’s Statistical Service (CyStat) said on Monday. However, the country still has a significant debt of €23.03 billion, which is about 77.3% of its total economic output. On the revenue side, Cyprus saw a big boost in the money it collected. Total revenue […]
Travel Expo Cyprus 2024, organised by the Association of Cyprus Travel and Tourism Agents (ACTA), kicked off during the weekend, April 19 to 21, with a wave of optimism for the new tourist season. The exhibition, attended by 45 exhibitors, was inaugurated at the state fair grounds in Nicosia. The event saw the joint inauguration by the Deputy […]
The first quarter of 2024 has ended with an increase of 5. 4%, in tourist arrivals, compared to last year, Deputy Minister of Tourism Costas Koumis has confirmed. He was speaking to reporters on the sidelines of the 20 April Fish Festival taking place in Polis Chrysochous of Paphos district. “You understand that we are […]
The Ministry of Finance, the Swiss depository, SIX, and the Cyprus Stock Exchange have announced the ‘Go Live’ of the dual- listing of the EMTN of the Republic of Cyprus at the Cyprus Stock Exchange. The first Trading Day in the EMTN officially commenced on 27 March. According to a Ministry of Finance press release, […]
Here are the top business stories in Cyprus from the week starting April 15: In recent developments from Cyprus, Marinos Christodoulides, President of the Cyprus Stock Exchange (CSE), emphasised the significance of enhancing the bond market and introduced European Medium-Term Notes (EMTNs) by the Republic of Cyprus into the CSE. These initiatives are part of broader ambitions to expand […]
A privately-owned cardboard manufacturing facility has been given the green light for its upcoming investment plans by the Preah Sihanouk Provincial Sub-Committee on Investment, said Kouch Chamroeun, Governor of Sihanoukville Province recently. The company, Cooper Packing (Cambodia) Co., Ltd., intends to construct the factory in O’Chamnar Village, O’Oknha Heng commune, in Sihanoukville province’s Prey Nob […]
The Ministry of Tourism (MoT) and Henan Provincial Administration signed an agreement on Monday to strengthen people-to-people connectivity between the two nations to boost tourist flow with Henan province, which is home to many heritage sites including the ruins of Shang dynasty city and the Shaolin Temple. Sok Soken, Minister of Tourism, held a meeting […]
AirAsia Cambodia’s inaugural flight graced the skies of Phnom Penh International Airport on April 20, bringing with it the promise of enhanced connectivity and a tourism boost for Cambodia. As noted by Prime Minister Hun Manet in a recent social media post, the aircraft, adorned with the iconic image of Angkor Wat and traditional Cambodian […]
PHNOM PENH, April 22, 2024 — In a boost to the healthcare sector, the Cambodian government has pledged to invest more than $170 million in strengthening the capacity of health centers throughout the nation. Prime Minister Hun Manet announced the substantial financial commitment during the inauguration of the new Japan-funded Centre of Surgical Service at […]
This spring season will bring a unique spectacle of local and Japanese cherry blossoms. The sight is so magnificent that a Japanese Cherry Blossom festival is organised for the first time in Cyprus, specifically at Sakura Park in Kambos. This Sunday, the Kambos Community Council, the Kambos-Tsakistra Development Cultural Association and the Embassy of Japan […]
A Cambodia-China cultural tourism exhibition is scheduled in the northern part of Bayon Temple in Cambodia’s famed Angkor Archaeological Park, said the Cambodian Ministry of Tourism in a statement released on Saturday. According to the statement, a joint martial arts show titled “When Shaolin Meets Bokator at Angkor Event” will be interspersed with the event […]
The Cyprus Securities and Exchange Commission (CySEC) has called for financial education to be included in the core curriculum in schools as it completed its rich and targeted activities program for this year’s Global Money Week 2024 (GMW 2024). The GMW campaign is an international initiative dedicated to enhancing financial literacy, especially among the youth. As pointed […]
Cambodia is mulling Double Taxation Avoidance (DTA) deals with seven countries, naming the Philippines, Laos, Myanmar, France, Japan, Morocco, and the United Arab Emirates, the General Department of Taxation (GDT) said in a press release last week. Cambodia implemented DTAs with Singapore, China, Thailand, Brunei, Vietnam, Indonesia, China’s Hong Kong Special Administrative Region, Malaysia and […]
PHNOM PENH, April 22, 2024 — On April 21, Sok Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Cambodia, met with Wang Yi, a senior member of China’s Political Bureau and the Minister of Foreign Affairs, during his official visit to Cambodia. The discussions underscored the dynamic growth in […]
The Commonwealth and the Republic of Cyprus have taken a significant step forward by signing a three-year Memorandum of Understanding (MoU) for the establishment of a Commonwealth Blue Charter Centre of Excellence in Larnaca. This initiative aims to strengthen governance for a sustainable blue economy and support scientific research for ocean protection. Notably, under Cyprus’ […]