Cyprus property market hits €5.71bn; fewer building permits signal quality shift

Cyprus property market hits €5.71bn; fewer building permits signal quality shift

Limassol leads in real estate value, Nicosia in transaction growth The total value of all real estate transactions in Cyprus reached a record-high €5.71 billion in 2024, reflecting a modest one per cent increase compared to 2023, according to a report released on Monday by PwC Cyprus. The firm also noted that the total number of transactions decreased slightly to 23,900, representing a […]

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Cyprus airport upgrades to boost annual passenger capacity to over 17 million

Cyprus airport upgrades to boost annual passenger capacity to over 17 million

Work on the second phase of development at Larnaca and Paphos airports is officially underway, with the projects expected to boost the combined annual capacity of the two hubs to more than 17 million passengers. According to an announcement by Hermes Airports, the upgrades represent a total investment of €170 million, to be fully funded by the airport operator. Maria Kouroupi, Director of […]

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Cambodia, Iran to firm up economic cooperation

Cambodia, Iran to firm up economic cooperation

Cambodia and Iran Friday agreed to boost long-term economic cooperation especially in the spheres of petrochemicals, nanotechnology, aerospace, refinery, construction and infrastructure development that include building new roads and ports alongside promoting bilateral investments and examining the feasibility of opening direct flights from Tehran to Phnom Penh. This came as Sun Chanthol, Deputy Prime Minister […]

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Jumbo plans further expansion in Cyprus

Jumbo plans further expansion in Cyprus

Greek retail giant Jumbo has confirmed its interest in opening two new stores in Cyprus – one in Larnaca and the other in Protaras – but clarified that there’s no set plan or timeframe at this stage. The company told Kathimerini that the move is part of its broader five-year vision, not an active development […]

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Cambodian media practitioners mark World Press Freedom Day 2025 with a focus on ethics, safety, and progress

Cambodian media practitioners mark World Press Freedom Day 2025 with a focus on ethics, safety, and progress

Approximately 5,000 media leaders, spokespersons, information officers, and journalists from across Cambodia gathered on Saturday afternoon under Prime Minister Hun Manet’s presidency to commemorate World Press Freedom Day 2025. Speaking at the 7th Annual Gathering with Journalists in Cambodia, held at the Chroy Changvar International Convention and Exhibition Centre (CCIC) in Phnom Penh, he highlighted […]

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Sanctuary of Apollo Rediscovered on Cyprus

Sanctuary of Apollo Rediscovered on Cyprus

News  May 1, 2025 PERA ORINIS, CYPRUS—In 1885, German archaeologist Max Ohnefalsch-Richter located the Sanctuary of Apollo at Frangissa in a remote valley near the ancient site of Tamassos. The temple was filled with hundreds of votive statues, some of colossal size, and the discovery was considered one of the most spectacular finds of its time. […]

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Japanese Lawmaker: More Japanese companies interested in exploring investment opportunities in Cambodia (VIDEO)

Japanese Lawmaker: More Japanese companies interested in exploring investment opportunities in Cambodia (VIDEO)

NISHIMURA Yasutoshi, Member of the House of Representatives of Japan and former Minister of Economy, Trade and Industry, has observed a growing interest among Japanese companies in exploring investment opportunities in Cambodia. During a courtesy call on Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh on Friday afternoon, NISHIMURA Yasutoshi noted […]

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