The Draft National Policy on Air Transport 2025-2035, a strategic plan aimed at significantly bolstering Cambodia’s air transport sector, has reached the final stages of review. The draft has been finalized by an inter-ministerial committee at the Council of the Office of Ministers and is on the agenda for today’s cabinet meeting. The national policy […]
‘Cyprus already has highest tax-free threshold in the EU’ Finance Minister Makis Keravnos has ruled out the prospect of raising the tax-free income threshold beyond €20,500, signalling a firm stance as the government moves ahead with its new tax reform. As reported by Economy Today, Keravnos delivered a lecture on Cyprus’ new tax reform at the […]
AstroBank Public Company Limited on Thursday announced the appointment of Charis Kynigou as an executive bember of its board of directors, effective from March 31, 2025. The bank noted that the appointment follows approval by the Central Bank of Cyprus (CBC). According to the announcement, Kynigou has been with AstroBank since February 2015 and currently serves as the […]
The Paphos regional tourism board (Etap) announced on Thursday that it is boosting its promotional efforts in Poland as part of its 2025 action plan. According to the announcement, the board will participate in a series of workshops and presentations in three major Polish cities—Kraków, Poznań, and Warsaw. These events will take place from April 7 to 11, 2025. The […]
Following a year of success, a French cashew nut and dried mango production company is planning to expand its investment in Cambodia to export a wider range of agricultural products to 6,000 distribution points across France. The proposal was discussed during a meeting between Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), and […]
Cambodia and Vietnam have reaffirmed their commitment to bolstering economic partnerships across key sectors, aiming to achieve $20 billion in bilateral trade. This pledge was underscored at the Business Dialogue 2025, hosted by the Vietnamese Embassy in Phnom Penh, which provided a platform for businesses to develop strategic investment plans in Cambodia. The event, held […]
Khim Finan, Undersecretary of State and Spokesman for the Ministry of Agriculture, Forestry and Fisheries (MAFF), said that preliminary assessments suggest the total cashew yield in 2025 could remain stable or increase compared to 2024. Finan told reporters on Tuesday that Cambodia has no issue supplying 3,000 tonnes of processed cashew nuts per year to […]
As Cyprus faces its third consecutive year of severe water scarcity, the government is exploring solutions to secure adequate water supplies for citizens and agriculture. Agriculture Minister Maria Panayiotou is in Abu Dhabi today to discuss potential cooperation with the United Arab Emirates’ National Energy Company (TAQA). The visit aims to investigate the possibility of […]
The Cyprus Composite Leading Economic Index (CCLEI), constructed and estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year (YoY) increase of 2.9% in February 2025. This shows it is continuing its upward trajectory, following year-over-year increases of 2.5% and 2% recorded in January 2025 and December 2024, respectively, according to the most recently […]
Cyprus’ tourism sector is entering 2025 with increased optimism, according to Deputy Minister of Tourism Kostas Koumis. Speaking in Paphos on 1 April, he highlighted that early indicators suggest the new year will have at least as good results as 2024—a landmark year for Cyprus, as the country surpassed 4 million tourist arrivals and €3 […]
The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical buffer (CCyB) rate unchanged at 1.5%, with effect as of 14 January 2026. In a press release, CBC notes that, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate to maintain the CCyB rate at 1.5%, which […]
Cyprus is making a bold push to attract American investment, with President Nikos Christodoulides leading a high-profile delegation to the United States. Over the next few days he will visit New York, Texas, and California, meeting with key business leaders, energy giants, and tech investors. The goal is to strengthen economic ties, boost foreign investment, […]
The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per cent of the buyback programme has already been executed. According to the announcement, as of March 31, 2025, the company had repurchased 1,496,122 shares at a weighted average price […]
Limassol port to host 26 cruise calls Cyprus’ cruise season began on Wednesday with the arrival of Marella Discovery II at the port of Limassol, according to an announcement by operator DP World Limassol. This marks the country’s first ‘Fly and Cruise’ operation since the Covid-19 pandemic, something which the port operator described as a “reaffirmation of its […]
Cyprus President Nikos Christodoulides is leading a high-level delegation to the United States on Wednesday, aiming to attract investment in shipping, technology and energy. The visit includes stops in New York, Texas, and San Francisco. The president is accompanied by key government officials, including Energy Minister George Papanastasiou, Deputy Shipping Minister Marina Hadjimanoli and Deputy […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), yesterday said that the textile sector has experienced a remarkable 50 percent annual growth in exports, reaching a total export value of $14 billion last year. Speaking at the ‘Cambodia Global Textile Summit 2025’ themed ‘Shaping the Future: […]