The Nicosia property market is experiencing strong demand for second-floor apartments, according to real estate analytics firm Ask Wire. The company also reported notable differences in asking prices, with amounts ranging from €2,133 to €7,075 per square metre across different floors. Dozens of under-constructions and newly completed projects are currently being monitored by the firm […]
National investment promotion agency, known as Invest Cyprus, on Thursday announced that it recently participated in the India Mediterranean Business Conclave 2024. The event, held on September 6 in New Delhi, was part of the agency’s “ongoing efforts to position Cyprus as a premier destination for investment and business activities”, according to the announcement. The […]
Financial literacy and robust regulation are essential to strengthening household financial behaviour, according to a number of experts at a conference organised by the Central Bank of Cyprus (CBC) and the University of Cyprus’ Economics Research Centre (CypERC). Opening the conference, CBC governor Christodoulos Patsalides outlined Cyprus’s national strategy for promoting financial literacy. He stressed […]
Eurobank Cyprus on Thursday announced the appointment of Andreas Petsas as its new Chief Executive Officer (CEO), following a decision by the bank’s board of directors. According to the announcement, the appointment was finalised during a meeting held on September 17, 2024, in Nicosia. Petsas, who has been with Eurobank Cyprus since 2007, most recently […]
While clearing rubble from a collapsed gate at the Banteay Prei Temple within Cambodia’s Angkor Wat Archaeological Park, workers stumbled upon a sandstone door guardian statue dating back 700 years. Archaeologists believe the statue may have been buried when the upper structure of the temple collapsed. Despite some notable damage, the statue, known as a dvarapala, was still in […]
PHNOM PENH: The Sihanoukville Autonomous Port (PAS), Cambodia’s primary deep-sea port covering approximately 125 hectares, has significantly expanded its container handling capacity with the official inauguration of a new 253-meter-long terminal. The ceremony was presided over by Hun Manet, Prime Minister of Cambodia, and H.E. Ueno Atsushi, Ambassador of Japan to Cambodia. H.E. Peng Ponea, […]
PHNOM PENH: Cambodian Prime Minister Hun Manet has announced that U.S. companies are poised to significantly increase their purchases of Cambodian rice for the American market. This revelation came during the closing ceremony of the 7th Cambodian Rice Forum in Phnom Penh. During a recent meeting, U.S. businesses expressed their keen interest in expanding their imports of Cambodian rice. Prime Minister […]
PHNOM EPHH: Cambodia has officially welcomed its tallest skyscraper, J-Tower 3. A joint venture between WH, led by Cambodian Duke Association member, Neak Oknha Ang Daneth, and Japan’s Tanichu Group, the 320-meter condominium tower is set to redefine the Phnom Penh skyline. Towering over 100 meters above its nearest competitor, J-Tower 3 is the result of […]
PHNOM PENH: Cambodia has taken the top spot on fDi Intelligence’s list of the most attractive emerging markets for investment in 2024, according to a December 2023 report. Meanwhile, the southeast Asian nation is expected to see the strongest growth in foreign direct investment (FDI) this year, driven by a projected GDP growth of 6.1%, up from 5.6% in […]
PHNOM PENH: Cambodia’s economy has consistently demonstrated remarkable growth, averaging 7% annually in the decade preceding the COVID-19 pandemic. Despite global challenges, the country’s economy is projected to expand by 5.2% in 2023, solidifying its position as a dynamic investment destination (General Department of Public-Private Partnerships, GDPPP) . The Cambodian government has created a business-friendly […]
PHNOM PENH: Pursat has become an unexpected investment hotspot. Pursat province, once considered an unlikely candidate for large-scale investment, is rapidly transforming into a key economic hub for Cambodia. The province has recently attracted significant attention from both domestic and international investors. On July 8th, 2024, a high-level government delegation inspected a proposed 140-hectare special economic zone in Krakor […]
A Thai delegation composed of representatives of the Board of Investment of Thailand, the Thai Business Council, and investors from 20 companies is visiting Cambodia to learn more about the Kingdom’s investment environment and explore opportunities for further business cooperation between the two countries. Kem Sithan, Acting Minister of Commerce, received the Thai delegation at […]
Cambodia is experiencing a significant surge in the adoption of electric vehicles (EVs) with a total of 3,676 units of electric cars, electric scooters and electric three-wheelers registered as of August 2024, said Peng Ponea, Minister of Public Works and Transport. The minister made this announcement during a dissemination workshop on National Policy on EV […]
Cambodia is experiencing a ‘flurry of overseas investment interest’ in 2024 signifying a positive outlook for the economy in coming periods, says a business development firm, Aquarii BD Cambodia’s latest investor’s prospectus report. According to Michael Tan, founder and CEO of Aquarii BD Cambodia, “We are witnessing a clear upward trajectory in Cambodia’s investment climate.” […]
Fresh off the welcome upsurge in tourist arrivals, authorities in Kampot revealed ambitious new infrastructure projects to woo more tourists. On Tuesday, Kampot Provincial Governor Mao Thunin announced plans for the largest ship with a restaurant on top as well as a beach in front of the international tourist port, among other mega projects. The […]
Melco Resorts & Entertainment, developer and operator of City of Dreams Mediterranean, on Tuesday evening hosted an event to promote Macao’s status as a travel, leisure, and business destination. The event, the second in a series of ‘Glow Your Way to Macao’ gatherings hosted by Melco, was attended by officials from Cyprus, the Macao Special […]