A multifunctional park, which will include spiral pedestrian walkways, a lake, a botanical garden, and panoramic sea views, is set to connect the west with the east of part of Ayia Napa, enriching its tourism offering. The Ayia Napa Municipality has launched a tender for the construction works, which will cost €3.625 million. Interested parties […]
A three-ship convoy departed Cyprus for Gaza early Saturday, with 400 tons of food and other supplies, the second delivery of the kind recently as concerns about widespread famine in the region grow. The aid deliveries are organized by World Central Kitchen (WCK). The boats are carrying ready-to-eat items like rice, pasta, flour, legumes, canned […]
A standard tourism port along the Mekong River in Kampong Cham province has been planned for construction to facilitate the docking of cruise ships. Delegations of the Ministry of Public Works and Transport and Kampong Cham provincial administration have recently inspected and evaluated the location of the river bank in Kampong Cham city for the […]
Over the past decades, Cambodia has experienced significant economic growth, averaging 7% annually pre-pandemic. The growth has been primarily driven by four key sectors: agriculture, garment, tourism and construction. The garment industry, fuelled by strong export market demand, has been particularly influential, accounting for about 80% of the country’s total exports in recent decades and […]
Phnom Penh, March 29, 2024 – Australia is set to enhance its relations and cooperative efforts with Cambodia, with a particular focus on security issues along the border. This commitment was highlighted by Justin Whyatt, Ambassador of Australia to Cambodia, during a courtesy visit to Cambodian Deputy Prime Minister and Minister of Interior Sar Sokha […]
The board of directors of state-owned asset management company Kedipes this week decided to make the largest quarterly cash payment to the state since its establishment in 2018, amounting to €140 million, for the first quarter of 2024. According to an announcement by the Kedipes, this decision falls within the framework of repaying the state aid received by […]
The fleet of vessels registered under the Cypriot flag has seen a significant increase of approximately 5.5 per cent, equivalent to about 1.1 million tonnes, over the past six months, according to the Deputy Minister of Shipping Marina Hadjimanolis. The minister’s comments were delivered during an event at the DP World passenger terminal in the […]
CBC governor Constantinos Herodotou on Friday addressed the “Digital Financial Literacy: the Way Forward” conference, held by the Central Bank of Cyprus (CBC). The conference aimed to explore the multifaceted dimensions of digital financial literacy, acknowledging both the challenges and opportunities arising from the increasing use of digital technologies in our daily lives. “Financial literacy allows people […]
Total deposits in February recorded a significant net increase by €65.4 million following a decrease of €366.0 million the previous month, while loans recorded a large net increase of €348.9 million after a net decrease of €122.9 million recorded in January 2024. According to the Central Bank of Cyprus’ Monetary Financial Institutions (MFIs) deposits and […]
Cyprus’ Industrial Production Index surged to 99.5 units (base year 2021=100), marking an annual increase of 4.2% compared to the same period in 2023, according to Cystat. The manufacturing sector recorded a 3.2% uptick compared to January 2023. Notable increases were also evident in other key sectors. The water supply and materials recovery sector saw […]
A Korean delegation comprising representatives of leading businesses such as Hyundai Motor, CJ Group and Booyoung Group sought investment opportunities in Cambodia, mainly in the digital and technology sector, vehicle assembly factories and manufacturing of value-added products. The delegation opened about this during a courtesy call to Sun Chanthol, Deputy Prime Minister and First Vice […]
The total sales of petroleum products in Cyprus reached 115,421 tons in February, marking a 7.1 per cent increase compared to February 2023, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). According to the report, there was a rise in the supply of oil to ships (48.2 per cent) and aircraft (8.7per […]
![CBC governor promotes digital financial literacy [video]](https://cyprusconsulatecambodia.com/wp-content/uploads/2024/03/q13.jpg)
Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Thursday utilised the second educational video by the CBC to emphasise the vital importance of digital financial literacy in today’s digital age. According to the CBC, these videos are integral to a larger initiative aimed at improving financial literacy throughout Cyprus, with a particular focus on educating the youth. […]
President Nikos Christodoulides on Thursday met with the advisory committee on tax reform, asking that progress on this matter be accelerated, in order to reap any benefits at the earliest opportunity. The meeting, which took place at the Presidential Palace in Nicosia, also involved Finance Minister Makis Keravnos, and allowed the president to be briefed on the progress recorded […]
The Ministry of Finance has welcomed the European Commission’s In-Depth Review on the Cypriot economy, stating that its results show the government’s “sound economic policy and the efforts exerted to correct the economy’s macroeconomic imbalances.” “The government’s concern is the implementation of policies which would safeguard further correction of imbalances and the strengthening of the […]
The Council of Ministers is convening for an extraordinary session on 28 March to approve a new package of targeted measures to alleviate pressures from price hikes. According to CNA sources, the government will not renew the zero excise tax on fuels which expires at the end of March, but will renew the scaled state […]