Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB). The figures revealed that Cypriot banks recorded the third-highest return on equity (RoE) across the EU at the end of December 2024, reaching 17.7 per cent. This […]
The Central Bank of Cyprus (CBC), which chairs the National SWIFT Users Group (NSUG), held a high-level online meeting on June 20, with the participation of 45 representatives from Cypriot financial institutions and SWIFT. According to a statement released by the CBC on Tuesday, the meeting focused on critical developments in the payments sector at both global and regional […]
AstroBank on Tuesday announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank. According to the announcement, the agreement involves the full transfer of its banking assets and obligations, including its personnel, to Alpha Bank Cyprus. The bank said that the “integration […]
Synopsis: Enhanced cooperation among public and private stakeholders would help SEZs evolve into key engines of sustainable and inclusive growth. The Council for the Development of Cambodia (CDC) and the International Finance Corporation (IFC) co-hosted a workshop to advance green investment initiatives in Special Economic Zones (SEZs), aiming to align industrial development with sustainable and […]
Synopsis: According to official data, trade between Cambodia and Korea in first five months reached over $362 million, up 11% compared to the same period last year. Minister of Commerce Cham Nimul Friday encouraged Korean investors to invest and do more business, especially in potential sectors such as modern agriculture, food processing industry, automotive, electronics, […]
French behemoth TotalEnergies is seriously exploring investment opportunities in the Kingdom’s oil, gas and renewable energy sectors, a statement issued by the Ministry of Mines and Energy on Monday said. This was revealed as Keo Rottanak, Minister of Mines and Energy, received Mehmet Celepoglu, TotalEnergies Deputy Director for Oceania and Southeast Asia region, at the […]
The Central Bank of Cyprus (CBC) has launched a new programme aimed at enhancing financial literacy among adults, aiming to develop a network of trained educators across the country. The first two-day training session of the “Training of Trainers” programme has begun at the CBC headquarters, forming part of a broader initiative to strengthen financial […]
The priorities of the upcoming Cypriot EU Presidency in the first half of 2026 and issues of economic cooperation between Cyprus and Greece will be discussed by the Cypriot minister of finance, Makis Keravnos, and his Greek counterpart in an official visit the former will pay to Athens from Tuesday.
President Nikos Christodoulides chaired a meeting on Monday at the presidential palace with a delegation from the Cyprus Property Developers Association. According to an official announcement, the president began the meeting by outlining the various issues to be discussed, concerning both government actions and the association itself. Moreover, he “expressed his gratitude to the association for its cooperation […]
Sir Stelios Haji-Ioannou, founder of the easy family of Brands and president of the Stelios Philanthropic Foundation, has launched the third edition of his awards for young entrepreneurs in Cyprus. This year’s competition, titled Stelios Awards for Young Entrepreneurs in Cyprus, will award a total of €200,000 to the top three business ideas. The first prize winner will […]
Cyprus housing prices rise in first quarter Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The analysis was based on sale contracts filed with the department of lands and surveys. It included a breakdown of average prices for newly […]
Eurobank recently acquired 3.8 million of its own shares as part of its share buyback programme, according to an official announcement. The announcement followed a previous statement, released on May 7, 2025, about the start of the organisation’s share buyback programme. The programme had been approved by the ordinary general meeting of shareholders on April 30, 2025, and […]
The rise of electric vehicles (EVs) is transforming the global automotive industry, driving an unprecedented demand for high-performance semiconductors. As ASEAN positions itself as a regional hub for EV production and battery manufacturing, it faces a strategic opportunity: integrating its expanding semiconductor capacity with the EV value chain to establish the region as a cornerstone […]
Data furnished recently by the government lends weight to the notion that the purchase of real estate by foreigners continues on an upward trajectory, with some speculating that it’s driving up property prices – especially in places like Limassol. Greeks, Russians, Brits, Israelis and Chinese buyers feature heavily on the property market. The information was […]
Synopsis: According to official data, trade between Cambodia and Korea in first five months reached over $362 million, up 11% compared to the same period last year. Minister of Commerce Cham Nimul Friday encouraged Korean investors to invest and do more business, especially in potential sectors such as modern agriculture, food processing industry, automotive, electronics, […]
Synopsis: Mr Hun Manet hoped that investors will continue to invest in the Kingdom and that those who have just come to seek investment opportunities can choose to invest and connect production chains between Cambodia and other countries across the world. Prime Minister Hun Manet Friday urged Chinese, local, and international investors, particularly new foreign […]