Deputy Tourism Minister Kostas Koumis used his participation in a professional symposium to highlight Larnaca’s appeal as a tourist destination. The minister outlined Larnaca’s recent progress in terms growing its tourism sector, while the city’s bid to be selected as the European Capital of Culture 2030 was also discussed. The event, focused on tourism management […]
The independent expert commissioned to evaluate Eurobank’s public offer for the remaining shares of Hellenic Bank has deemed the proposed exchange of €4.843 per share as fair and reasonable. This assessment, based on the independent valuation report, concludes that “the proposed consideration to be paid by the offeror to the shareholders of the company in […]
The Eurobank Group on Thursday released a statement reaffirming its “commitment to further expansion and its continued confidence in the Cypriot economy”. It should be noted that the group’s management is currently in Cyprus for a board of directors meeting. In this context, the management of Hellenic Bank, a member of the Eurobank Group, hosted […]
The Bank of Cyprus on Thursday announced its final financial results for 2024, confirming profits of €508 million, as previously indicated in its preliminary results. In its announcement, the bank underlined its strong capital position and its ability to generate returns for shareholders. According to the final results, net interest income for the year ending […]
On March 25, 2025, Huot Hak, the Minister of Tourism, welcomed eight Honorary Consuls General for a courtesy visit at the Ministry of Tourism. The Honorary Consuls General present were Salah ESSA, Honorary Consul of Cyprus; Markus GRINDLING, Honorary Consul of Austria; Aurelio FLACCO, Honorary Consul of Italy; Torsten MUNTHER, Honorary Consul of Germany; SENG […]
Cambodia and India yesterday agreed to enhance the existing collaboration in technology, trade, and investment as the two nations have enjoyed decades of diplomatic relations, with ongoing progress in multiple areas of collaboration. A consensus to the effect was agreed upon during a meeting between Sun Chanthol, Deputy Prime Minister and First Vice Chairman of […]
The Council for the Development of Cambodia (CDC) and Asian Development Bank (ADB) Tuesday discussed the potential implementation of a comprehensive traceability system across various sectors in the country. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), presided over the working discussion meeting in Phnom Penh […]
Cambodia’s Vision 2050 received a boost as the World Bank Tuesday reaffirmed its commitment to supporting the country’s long-term development through a newly approved Partnership Framework (2025-2029). The commitment was made during a high-level meeting between Prime Minister Hun Manet and Mariam J. Sherman, World Bank Country Director for Cambodia, Vietnam, and Laos at the […]
Prime Minister Hun Manet yesterday unveiled a five-year master plan for the development of the international port infrastructure and logistics in Preah Sihanouk province with a$1 billion budget. He said that while there are several other ports in Kampot and Koh Kong provinces, the international port in Sihanoukville remains Cambodia’s primary gateway for overseas shipping. […]
A panel discussion at the Unlocking Investment Through PPP International Summit, taking place in Nicosia, looked at how public-private partnerships (PPPs) can contribute to attracting foreign investments and in turn economic growth, with experts tackling the entire spectrum, from financing to how artificial intelligence (AI) can make PPPs more efficient. The panel, entitled “Why is […]
Halloumi exports continued their upward trend in 2024, confirming the product’s momentum and its importance in Cypriot trade. At the same time, recent decisions have contributed to safeguarding the exports of one of Cyprus’ most important exports. It is recalled that, as recently reported by the Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, […]
Scheme aims to boost local business ecosystem The migration department on Wednesday announced the start of applications for residence permits under the Cyprus Digital Nomad Visa scheme. According to the announcement, the scheme “aims to attract nationals from non-European Union (EU) and non-European Economic Area (EEA) countries, allowing them to reside in Cyprus”. This is conditional on the premise that their […]
Economy to outperform EU average Credit rating agency Morningstar DBRS on Wednesday revised its economic growth and unemployment projections for Cyprus, reflecting a more optimistic outlook for the country’s economy. In its report, the agency updated its macroeconomic forecasts for several sovereign nations, including Cyprus. It increased its 2025 GDP growth estimate for Cyprus by 0.3 percentage points compared […]
Cypriot businesses have significantly progressed with the integration of digital technologies into how they operate, according to the Cyprus Statistical Service (Cystat). This was evident in Cystat’s latest report detailing the results of its 2024 survey on the use of information and communication technologies (ICT) and e-commerce in businesses. The findings reveal that a substantial 84.1 per cent […]
For the first time a Cypriot has been elected to the position of Vice Chair of the International Maritime Organisation, the deputy ministry of shipping announced on Wednesday. In a press release the ministry said the election of its Legal Affairs Director Lydia Markari-Kyriacou to the post had been unanimous by IMO member states during […]
Consulting and advisory firm PwC Cyprus on Wednesday released a statement detailing the various initiatives implemented by its foundation to “strengthen financial literacy and foster an entrepreneurial mindset among young people”. Specifically, to mark Global Money Week 2025, which took place from March 17 to 23, the non-profit PwC Foundation coordinated the ‘Financial Literacy’ educational programme for the third consecutive year. The initiative was […]