Lending rates fall for 12,000 BoC clients The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response to the ECB’s latest monetary easing. The bank will lower its rate from 2.40 per cent to 2.15 per cent, with the change taking effect […]
At the invitation of Emmanuel Macron, President of the French Republic, and António Guterres, Secretary-General of the United Nations, Prime Minister Hun Manet will lead a high-level Cambodian delegation to attend the Third United Nations Ocean Conference (UNOC3), to be held in Nice, France, from Monday to Wednesday. According to the press release from the […]
Amid much pomp President Nikos Christodoulides on Thursday laid the foundation stone for a project further expanding the island’s two international airports, promising to service over 17 million passengers a year once the works are completed by 2027. Speaking at the ceremony held at Larnaca airport, the president described the project – the second phase of […]
The more they dig, the more they find. Another priceless statue was discovered by archaeologists from the Apsara National Authority (ANA), as they carried out a dig at the northeast pond of Bayon Temple on June 3. The Heritage Protection Police announced on June 3 that the sandstone statue was identified as a four-armed Lokesvara, […]
Economists are optimistic that exports to Vietnam will increase significantly in the wake of a Vietnamese announcement that it will grant zero per cent tariff preferences on 28 tariff lines of Cambodian-origin products until December 31, 2026. According to a June 3 notification from the Ministry of Commerce, the new tariff rates are part of […]
In a recent press conference with the Club of Cambodian Journalists (CCJ), Indonesian ambassador to Cambodia Santo Darmosumarto emphasised the potential for increased rice trade between the two nations, while highlighting the challenges surrounding competitive pricing and transportation costs. Indonesia, a major rice producer, maintains a substantial stock of rice for domestic consumption. With a […]
The Ministry of Finance has, in a press release, expressed satisfaction regarding the findings on the Cypriot economy included in the Spring Package of the European Semester 2025, noting that they clearly confirm the steady progress, resilience, and momentum of the Cypriot economy. At the same time, the Ministry reassured that it will continue to implement the government’s economic policy aimed […]
A Certificate of Origin (C/O) is more than just a document; it is a passport that opens the door for Cambodian products to gain credibility and a competitive edge in international markets, according to Ly Khun Thai, President of the Cambodia Confederation of Investors Association (CCIA) and Chairman of the Cambodia Footwear Association (CFA). Speaking […]
Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, has announced the Major Investment Measure of the Common Agricultural Policy (CAP) Strategic Plan 2023-2027, totaling €67.5 million, of which €7.5 million have been earmarked for the first installation of young farmers. In her speech at an event in Athienou on 5 June, Panayiotou also announced the […]
Koumis hails Paphos tourism gains and new sustainability efforts Paphos solidified its position on the global tourism map in 2024, Deputy Minister of Tourism Kostas Koumis said during this week’s general meeting of the Paphos regional tourism board (Etap). He highlighted the strong partnership between Etap and the Deputy Ministry, which has driven targeted promotional […]
In a move to support female students from rural areas, Senate President Hun Sen announced his personal decision to donate two hectares of land—originally purchased for over $10 million for Bayon TV station in Phnom Penh’s Chroy Changvar district—to the Ministry of Women’s Affairs for the construction of a dormitory in Phnom Penh.He stated that […]
The municipality of Paralimni-Deryneia has secured 18 out of 66 Blue Flag awards granted across Cyprus, making it the top performer in the island-wide ceremony held at the renowned Fig Tree Bay beach in Protaras on Wednesday. The awarded beaches include Armyropigado, Lombardi, Glyky Nero, Kapparis, Skoutarospilioi, Agia Triada, Minas, Vrysousia, Louma, Pernera, Potami, Vrysi C, Vrysi […]
Hun Sen, President of the Senate, has reaffirmed his commitment to promoting greater participation of women in public administration. The statement was made on Wednesday during a meeting at the January 7 Palace with a delegation from the Cambodian National Council for Women (CNCW), led by Ing Kanthaphavi, Minister of Women’s Affairs and Chairwoman of […]
The Kingdom exported 344,199 tonnes of milled rice in the first five months of the current year, the Cambodia Rice Federation (CRF) said yesterday. The exports saw a rise of 13.7 percent from 302,592 tonnes in the same period last year. The CRF said that the Kingdom made $252.30 million in revenue from the export […]
Finance Minister Makis Keravnos met with the President of the European Economic and Social Committee (EESC) Employers’ Group, Stefano Mallia, and discussed the need to accelerate efforts to deepen capital markets in the EU and to intensify efforts to reduce the administrative burden. According to a statement by the Ministry of Finance, Keravnos had a meeting […]
Cyprus had the second largest share of overnight stays by foreign visitors in the EU during the first quarter of 2025, according to data on tourism accommodation published by Eurostat. On average, across the EU, foreign visitors accounted for approximately 45.6% of all overnight stays in the first three months of 2025, with large differences among EU […]