World Bank Highlights Cambodia and Philippines as ASEAN’s Top Economic Performers in 2024

World Bank Highlights Cambodia and Philippines as ASEAN’s Top Economic Performers in 2024

Phnom Penh, April 1, 2024 – In a remarkable display of recovery and growth, Cambodia’s iconic Angkor Archaeological Park has recorded a substantial increase in foreign tourist arrivals in the first quarter of this year. According to the latest report by Angkor Enterprise, the park saw 385,769 international visitors, marking a year-on-year increase of 47 […]

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yprus’ top export items: minerals, halloumi, pharmaceuticals

yprus’ top export items: minerals, halloumi, pharmaceuticals

Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat). The report revealed that Cyprus exported domestically produced products amounting to €508.39 million to EU countries during 2023, along with €1.84 billion worth of products to third countries. Moreover, the primary products exported by Cyprus to EU countries were […]

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Experiential workshops to boost rural tourism

Experiential workshops to boost rural tourism

Cyprus’ Deputy Ministry of Tourism has announced a scheme to sponsor experiential workshops in traditional crafts, agricultural and livestock product processing, and gastronomy, in order to boost rural tourism. As outlined in a statement by the Ministry, the initiative, known as the Experiential Workshops Grant Scheme for Traditional Crafts, Agricultural and Livestock Product Processing, and Gastronomy for 2024, aims […]

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Charting Kingdom’s economic progress: Decades of growth and future strategies

Charting Kingdom’s economic progress: Decades of growth and future strategies

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 […]

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Kedipes makes largest ever payment to the state

Kedipes makes largest ever payment to the state

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 […]

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