The Interministerial Committee for Strategic Investments is expected to green-light three investments with a total budget of 1 billion euros in the tourism sector on Monday, when it is scheduled to convene. They concern developments at Petalioi, Astakos and in the Peloponnese. Their approval by the Interministerial Committee will mark the start of the licensing […]
Cypriot President Nikos Christodoulides has announced 30 new projects to boost the development of the free part of Famagusta district with a total budget of 122 million euros. They are aimed at improving infrastructure, local services, and the overall well-being of residents. The announcement came during a regional gathering held in Paralimni as part of […]
Cyprus’ GDP growth rate in real terms during the fourth quarter of 2024 is estimated at 2.6%, according to a provisional report published by the Cyprus Statistical Service (CyStat) on Friday. Based on seasonally and working day adjusted data, GDP growth in real terms is estimated at 2.9%. The positive GDP growth rate is mainly […]
Companies in Cyprus weathered the health, price and trade shocks of the past five years relatively well, according to a European Investment Bank (EIB) Group survey. Cypriot businesses are also more integrated into global trade than their peers elsewhere in the European Union, new country results from the EIB Group Investment Survey (EIBIS) show. EIBIS […]
President Nikos Christodoulides has announced 30 projects with a total cost of over 122 million for the free areas of the Famagusta district. The President, who was speaking at a regional gathering held in Paralimni on the evening of 13 February, as part of his tour in Municipalities and Communities of Cyprus, presented the Government’s plan for […]
The English School celebrates 125 years of continuous educational contribution. A Leading Force in Education in Cyprus With a long history of excellence and achievements, The English School stands as an institution of academic distinction and a benchmark for education in Cyprus. Now well into its second century, it continues to innovate while maintaining its […]
Cyprus on Friday approved Chevron’s development plan for the Aphrodite natural gas field. The development plan includes a floating production unit in Cyprus’s exclusive economic zone and a pipeline to transport natural gas to Egypt, the energy ministry said in a joint statement with Chevron Cyprus Limited (CCL). The project will be developed by a consortium comprising […]
Hong Kong businessman Balram Chainrai plans to upgrade and modernise the Rodon Hotel in Cyprus’s Agros region, as part of a multimillion-euro investment strategy, sources close to the investor told philenews. Chainrai, who currently holds a 35.96% stake in AGRO, the hotel’s parent company, has launched a public bid to acquire 100% of the company’s shares […]
The latest reports from the three major credit rating agencies show a general improvement in the ratings of banks in both Cyprus and Greece, reflecting the broader upgrades of both countries’ economies by these agencies. In addition, continued strong economic performance in both nations is expected to contribute to further upgrades of the banking sector […]
President Nikos Christodoulides this week announced a €122 million initiative designed to significantly enhance infrastructure and public services throughout the Famagusta district. The president outlined the details of this plan, wihch includes 30 new and ongoing projects, during a regional meeting in Paralimni, as part of his broader tour of Cyprus’ municipalities. Christodoulides pointed out […]
Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to decisions made by the European Central Bank (ECB). The director of retail banking at the Bank of Cyprus, Theodosios Theodosiou, stated in an interview with state […]
Strategies to boost trade and economic relations between Cambodia and Europe were discussed as Tekreth Kamrang, Secretary of State of the Ministry of Commerce, received Salah Essa, Head of delegation and Honorary Consul of Cyprus with Honorary Consuls from Austria, Italy, Sweden, and the Netherlands. They exchanged views on mechanisms to promote bilateral trade relations […]
A technical skills training program in electric vehicles could help attract more Korean investors to Cambodia, said Heng Sour, Minister of Labor and Vocational Training (MLVT), during a meeting with Kim Jin-Pyo, former Speaker of the National Assembly of the Republic of Korea and Board Chairman of Global Together on Wednesday. During the meeting, both […]
Amid clean energy becoming a massive growth opportunity, experts say that Cambodia is well-positioned to become a champion of green energy manufacturing. According to them, the decline in the sale of solar panels last year is not a major cause of worry as it followed the expiration of the US preferential tariff for solar panels […]
Cambodia is expanding rice exports to the Philippines market, exploring export partners and buyers to form partnerships on rice trade cooperation. Kim Sreyroth, Under Secretary of State at the Ministry of Commerce, led a Cambodian delegation including representatives from the Cambodia Rice Federation to take part in the Cambodia-Philippines Rice Business Matching event on Tuesday […]
A pioneering environmental programme in Cyprus is transforming used cooking oil into biofuel by enlisting schoolchildren as collection agents, achieving strides in tackling waste management. The “Tiganokinisi” (frying pan) initiative, which became part of Cyprus’s national curriculum in 2018, reaches more than 80,000 schoolchildren annually through a mobile science laboratory that visits schools across the island. […]