Cyprus included in three critical US defense programs

Cyprus included in three critical US defense programs

The development lays the foundation for enhanced security cooperation with the incoming administration, reflects the long-term shared objective of bolstering interoperability In a landmark decision that underscores the growing strategic depth of US-Cyprus relations, President Joe Biden issued a presidential determination, officially including the Republic of Cyprus in three critical US defense programs. This significant […]

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Oev competition to recognise top businesses in Cyprus

Oev competition to recognise top businesses in Cyprus

The Cyprus federation of employers and industrialists (Oev) has announced the opening of applications for the 18th Cyprus Innovation Award Competition. “This longstanding event celebrates the ingenuity and creativity that characterise Cypriot businesses and organisations across various sectors,” the federation said in a statement. Supported by the Deputy Ministry of Research, Innovation and Digital Policy, […]

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Job and Investment Growth in 2024 Reflect Cambodia’s Political and Economic Stability

Job and Investment Growth in 2024 Reflect Cambodia’s Political and Economic Stability

Phnom Penh: The Council for the Development of Cambodia has approved investment projects projected to create approximately 320,000 jobs across nearly 500 initiatives throughout 2024. Economists assert that this growth signals promising economic trends and job opportunities, indicative of Cambodia’s political stability under the leadership of the 7th Royal Government. Dr. Chheang Vannarith, Founder and […]

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Government employment up 3.1% in 2024

Government employment up 3.1% in 2024

For the period January – December 2024 average total government employment reached 54,314 persons, marking an increase of 1,615 persons (3.1%) compared to the corresponding period of 2023, according to data released by CySTAT. This increase is mainly attributed to the increase of the Educational Service casual staff, due to the abolition of the purchase […]

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Papanastasiou: ETYFA launching tender to select the Prometheus’ next destination

Papanastasiou: ETYFA launching tender to select the Prometheus’ next destination

The Natural Gas Infrastructure Company (ETYFA) will issue a tender to select the next destination of the ‘Prometheus’ “floating liquefied natural gas (LNG) unit, as stated by Energy Minister George Papanastasiou. He also noted that the ship will remain in Malaysia for another two to three months to undergo necessary modifications while awaiting key components. […]

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Foreign investment vital for Cyprus’ economic growth, says association head

Foreign investment vital for Cyprus’ economic growth, says association head

Andreas Demetriades, chairman of the Association of Large Investment Projects, emphasised the critical role of foreign investment in Cyprus’ development sector during the 2025 forecast presentation this week. He stated that foreign investment is not only beneficial but essential, explaining that it “drives liquidity, creates skilled jobs, and transfers valuable know-how to Cyprus—key factors in […]

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Maritime leaders discuss Cyprus flag in Athens

Maritime leaders discuss Cyprus flag in Athens

The first official session of the advisory committee for strengthening the competitiveness and quality of the Cyprus flag was held in Athens this week, attended by Deputy Minister of Shipping Marina Hadjimanolis. According to an announcement, the meeting aimed to “refine strategies that enhance the global standing of the Cyprus flag amidst ongoing challenges in […]

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Govt gathers input to boost industrial sector

Govt gathers input to boost industrial sector

The Royal Government of Cambodia (RGC) held a meeting to review the implementation of the Cambodia Industrial Development Policy (IDP) from 2021 to 2023 to gather inputs to promote industrialisation, enhance its competitiveness and support the diversification of the national economy. The meeting, organised by Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and […]

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CSX targets to bolster exchange in 2025

CSX targets to bolster exchange in 2025

A report released by the Cambodia Securities Exchange (CSX) yesterday has detailed major securities market developments throughout 2024, as well as laying down the exchange’s goals for 2025, which include targets such as significantly increasing daily trading values, expanding new trading accounts and introduction of at least six new listings. CSX’s report, ‘Market Situation in […]

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Cyprus a top investment destination, Tannousis tells investors in Cairo

Cyprus a top investment destination, Tannousis tells investors in Cairo

Cyprus is a top investment destination, and Invest Cyprus plays a crucial role in supporting businesses throughout their investment journey, said Marios Tannousis, CEO of Invest Cyprus. According to a press release from Invest Cyprus, Tannousis was speaking during a discussion with Ministers from Greece, Egypt, and Cyprus about bilateral and trilateral cooperation and funding […]

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