The job vacancy rate for the second quarter of 2024 stood at 3.0%, consistent with the rate recorded in the first quarter of 2024 and slightly higher than the 2.9% rate recorded in Q2 2023. According to data released by CySTAT, the number of job vacancies in the second quarter of 2024 rose to 13,778, […]
Fitch Ratings on Monday upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) to “bb” from “bb-“. According to the agency, this follows the recent upgrade of Eurobank S.A.’s Long-Term Issuer Default Rating (IDR) to “BB+” from “BB”. Eurobank, which holds a 55.9 per cent stake in Hellenic Bank, is […]
50 women entrepreneurs recently celebrated the launch of the Academy for Women Entrepreneurs (AWE) 2024, marking the second year of the programme’s implementation in Cyprus. The event, which took place on Friday, September 13, was attended by various alumni from last year’s programme, as well as local stakeholders. The AWE Academy, implemented in Cyprus by […]
Cyprus’ competition watchdog has ruled that competition in the country’s banking market remains healthy, approving Eurobank’s acquisition of a 26.1 per cent stake in Hellenic Bank. With the transaction, Eurobank now controls 55.9 per cent of Hellenic Bank shares. The Commission for the Protection of Competition’s (CPC) decision, which was made public in the Official […]
Business accelerator Kinisis Ventures on Monday announced the launch of Kinisis Venture Fund II (KVF II), a new investment fund under the KV Kinisis Ventures Fund in Cyprus. According to an official announcement, the new fund seeks to build on the success of its first fund and recent US partnerships. In addition, the move seeks […]
Cyprus, the sun-soaked Mediterranean island, has long been known for its pristine beaches and ancient ruins. But in recent years, a new attraction has been drawing a different kind of visitor: entrepreneurs and investors looking to tap into the country’s growing startup ecosystem. While the island’s favourable tax regime has certainly played a role in […]
Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of this year. The projection was revealed by Santo Darmosumarto, Ambassador […]
The Cambodian Chamber of Commerce (CCC) and the Korean Chamber of Commerce and Industry (KCCI) have agreed to promote investment and trade cooperation to attract more Korean investors to Cambodia. The commitment was made during a meeting held in Seoul, South Korea, last week between the two chambers co-chaired by CCC Vice-President Lim Heng and […]
The ‘Mini Thailand Week 2024’ (September 12-15) exhibition in Battambang started off with a colourful display of quality Thai products aimed at popularizing as well as increasing bilateral trade between Cambodia and Thailand. The four-day exhibition was organised in Phou Puy market. It was presided over by Governor of Battambang province Sok Lou and Ambassador […]
Here are the top business stories in Cyprus from the week starting September 9: Influencers in Cyprus are currently facing increased scrutiny as authorities ramp up checks on tax compliance and transparency in advertising. This initiative aims to protect consumers and follows new EU regulations mandating influencers to disclose their commercial interests in posts. Content creators on platforms […]
Inside BEONIX 2024: international artists are coming to the island for a three day fiesta Four stages, a stellar line-up of both international and local DJs, immersive art installations and visual effects and three long nights of electronic music are coming up as the BEONIX Festival prepares to shake up Cyprus. But could the island become an […]
Life wasn’t easy for this artist. But his deep love for the island and remarkable talent have left a legacy that most of us will instantly recognise Every postcard, mug, ashtray or keyring that depicts a map of Cyprus is likely based on the work of one man: an artist who – though forced from […]
Fatima Yasmin, Vice-President of the Asian Development Bank (ADB) is confident that Cambodia will be able to achieve her carbon neutrality goal by 2050 through the launch of inclusive and climate resilient policies and initiatives. The ADB vice-president expressed her conviction when she led delegates of the 6th Greater Mekong Subregion Environment Ministers’ Meeting (GMS […]
Authorities are expecting large crowds at the annual Autumnal Equinox at Angkor Wat next week. The iconic equinox takes place twice a year between March 20-22 and September 21-23. Tourists traditionally flock to Angkor for the spectacular equinox, with the sun perched at the top of Angkor Wat in a spectacular fashion (Source: khmertimeskh)
The Bank of Cyprus on Friday announced an immediate reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base interest rate. According to the bank, the rate will drop from 4.25 per cent to 3.65 per cent, effective from September 18, 2024. The bank explained that this move is a reaction to the ECB’s decision […]
Bank of Cyprus shareholders on Friday approved the listing of the bank’s ordinary shares on the Athens Stock Exchange (ATHEX), pending a delisting from the London Stock Exchange (LSE). The shareholder vote took place during an extraordinary general meeting (EGM) at the bank’s headquarters in Nicosia. The move, subject to final approval from the ATHEX Listing Committee […]