Eurobank on Tuesday significantly increased its stake in Hellenic Bank by purchasing 503,934 shares at a total cost of €1.29 million, with transaction taking place on the Cyprus Stock Exchange (CSE). According to an announcement released on Tuesday afternoon, Eurobank noted that the acquisition took place on Monday, with each share bought at a price […]
The Republic of Cyprus and Montenegro this week signed a Memorandum of Understanding (MoU) to mutually recognise the certificates of competency for officers on merchant ships, marking a significant step in their maritime cooperation. The agreement was signed in Limassol during an informal bilateral meeting by Cyprus’ Deputy Minister of Shipping Marina Hadjimanolis, and Montenegro’s […]
The Cyprus Chamber of Commerce and Industry (Keve), in conjunction with the Cyprus-Israel Business Association and the Embassy of Israel, has released a public invitation to a presentation on advanced water technologies from Israel. In addition, the presentation will also explore the application of these technologies in industrial and agricultural contexts. According to the announcement, […]
The average total government employment in Cyprus for the period of January – May 2024 rose by 5.1% to 54,385 persons compared with the respective period of last year, CySTAT has reported. In May 2024 total government employment reached 54,826 persons. According to CySTAT, employment In the Civil Service numbered 12,032 permanent employees, 4,248 employees […]
The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. According to MAFF, Cambodia dedicated approximately 277,000 hectares of land to red corn cultivation in 2023, resulting in a substantial yield of over 1.5 million tonnes, […]
Cambodia and Korea yesterday discussed ways to boost tourists connectivity through the joint initiative to conduct more events, increase flights and develop infrastructures. This came as Sok Soken, Minister of Tourism received a courtesy call from the Korean delegation led by Oh Young-hun, Governor of Jeju Special Self-Governing Province of the Republic of Korea in […]
Acciona Energía, an energy development industry based in Madrid, is planning to set up wind power generation projects in the Kingdom, while Insud Pharma, a pharmaceutical manufacturing factory, intends to expand operations across Southeast Asia countries. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), visited Insud […]
The Royal Government of Cambodia expects the country’s economy to grow by six percent this year which tallies with the projection for the country made by the International Monetary Fund (IMF) recently and is also close to the 5.8 percent forecast given by the World Bank and the Asian Development Bank (ADB). Sharing the government’s […]
According to official reports on Wednesday, Cambodia earned a total of $384.4 million from the exports of milled rice and dry rubber during the first five months of 2024. A report from the Cambodia Rice Federation indicated that the kingdom exported 302,592 tons of milled rice to 63 countries and regions during the January-May period […]
Indonesian President Joko Widodo has asked the State Logistics Agency (Bulog) to consider acquiring a rice producer in Cambodia. He argued that it was better for Indonesia to invest in one producer rather than constantly importing from neighbouring countries. Data from the US Department of Agriculture showed that Indonesia is the world’s fourth largest rice […]
Eurobank on Monday, June 10, purchased an additional 503,934 shares in Hellenic Bank at a total cost of €1.29 million, increasing its stake to 55.42 per cent, with this purchase being made at €2.56 per share. In an announcement released this week, Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., confirmed the […]
Cyprus’ tourism revenue soared to its highest level for the month of March in at least 23 years, achieving a robust increase of 15.5 per cent compared to the same period last year, according to a report released this week by the Cyprus Statistical Service (Cystat). The report noted that the first quarter of this […]
The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the official release of its regulatory sandbox, with the presentation of the launch taking place during an online event. In its announcement, the commission said that “this initiative marks a significant milestone in the advancement of financial, regulatory, and supervisory technologies (FinTech, RegTech, and SupTech) in Cyprus”. During […]
The Shipping Deputy Minister to the President, Marina Hadjimanolis, visited Athens between 1-7 June, on the occasion of Cyprus’s participation in the International Maritime Exhibition “Posidonia 2024.” According to a Deputy Ministry press release, within the framework of the exhibition, Hadjimanolis participated in actions and initiatives aimed at promoting Cyprus Shipping and visited the exhibition […]
Spanish Secretary of State for Trade H.E. Ms. Maria Amparo Lopez Senovilla responds positively to Cambodia’s ‘door-knocking’ mission to bring in more investments from Europe. H.E. Sun Chanthol, Cambodia’s Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC) received a positive response when leading a delegation to meet […]
Cambodia’s insurance sector continued to expand, but at a slower pace, with the total premium reaching $96.5 million in the January-March period this year. The premiums went up nine percent year-on-year, a report by the Insurance Regulator of Cambodia (IRC) said yesterday. Cambodia’s insurance market comprises 18 general insurers, 14 life insurers, seven micro-insurance companies, […]