The Council for the Development of Cambodia (CDC) is working on the decentralization of the investment project registration process to the sub-national level to enhance a smoother and more efficient investment environment. CDC held a meeting to the effect on Friday with working groups from the Ministry of Interior on reviewing the connection of data […]
Ambassadors and Consuls General of Cambodia abroad have reaffirmed their commitment to further promote the country’s tourism potential to the world during their missions. This commitment was made during a meeting on March 9 between Huot Hak, Minister of Tourism, and a delegation of 19 Cambodian ambassadors, Permanent Missions, and Consuls General. In the meeting, […]
US Ambassador to Cyprus Julie Davis has stressed the crucial role of American investments in the economic development of Cyprus, highlighting opportunities in tourism, real estate, investment in higher education, sustainable energy and the attraction of international business centres. Davis was speaking during an event entitled “USA – Cyprus: strengthening trade and economic ties”, held at […]
The Cypriot real estate market saw significant activity in January 2025, with the 50 largest property transactions amounting to €30.1 million, according to real estate analytics firm Ask Wire. The company on Friday reported that the ten most expensive sales nationwide totalled €12.1 million during this period. The highest-value transaction was a house in Mouttagiaka, […]
US Ambassador to Cyprus Julie Davis this week highlighted the crucial role of American investments in Cyprus’ economic development. Speaking at an event at Neapolis University Paphos titled “USA – Cyprus: Strengthening Trade and Economic Ties,” Davis highlighted opportunities in tourism, real estate, the higher education sector, sustainable energy, and the attraction of international business hubs. According to […]
The Deputy Ministry of Tourism has expressed satisfaction with its participation at the ITB Berlin tourism conference this week, where minister Kostas Koumis led the Cypriot delegation. According to an official announcement, the meetings aimed at enhancing tourism from Germany yielded significant advancements, including a substantial rise in airline seats scheduled for 2025. Koumis engaged […]
Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per cent. In addition, profit before tax reached €258.7 million, with the announcement stating that the results “reaffirm the bank’s sound performance and resilience”. In addition, it highlighted its […]
Here are the top business stories in Cyprus from the week starting March 3: The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official statement. Following its review, the statement said, CIBA will present its views and recommendations to president Nikos Christodoulides and Finance Minister Makis Keravnos. “These […]
Cambodia is committed to working with other ASEAN Member States to realise the ASEAN Community Vision to bring about real socio-economic progress for the community as a whole, said Prime Minister Hun Manet. Mr Hun Manet made the remarks at the opening ceremony of the Cambodia-ASEAN Business Summit 2025 on Thursday. In his keynote address […]
The Services Turnover Index recorded significant growth in both the fourth quarter and the full year of 2024, according to data released by Cystat. On an annual basis, for the period January – December 2024, turnover increased notably in administrative and support services (8.9%) and in accommodation and food services (8.2%). Strong gains were also […]
Neapolis University Pafos hosted an insightful panel discussion focused on enhancing economic and commercial ties between Cyprus and the United States on 5 March. Key participants included Julie Davis, U.S. Ambassador to Cyprus, Marios Tannousis, CEO of Invest Cyprus, John Georgoulas, US Chamber of Commerce Cyprus Member of the Board & Chairman of the Economic […]
The Transport and Storage Turnover Value Index recorded a 1.6% increase in the period January-December 2024, compared to the same period in 2023, according to Cystat. In the fourth quarter of 2024, the index reached 142.4 points (base year 2021=100), marking a 2.2% year-on-year increase. By economic activity, significant growth was observed in water transport […]
Larnaca and Paphos airports exceeded the 500,000-passenger threshold in February, the first time ever for this month, recording an annual increase of 8%, while passenger traffic has increased by 7.39% since the beginning of 2025, compared to 2024, according to an announcement by the Ministry of Transport, Communications and Works. The Ministry said that Larnaca and […]
Cenergy Holdings on Wednesday announced its consolidated net profit after tax increases of 139 million euros for the financial results of the year ending December 31, 2024, and a dividend of €0.14 per share, increased by 75% compared to the previous year. Adjusted EBITDA reached €272 million, up 27% year-on-year.
The PwC Cyprus Foundation on Thursday announced the successful completion of its Scale Up 2 Programme, a global PwC initiative designed to accelerate the growth of promising startups. This year, for the first time, the programme placed a strong emphasis on women-led startups. The company said that this aimed to acknowledged “the unique challenges faced by female entrepreneurs and equipping them with the […]
Deputy Minister of Research Nicodemos Damianou has called for increased public funding and private investments in cybersecurity for small and medium enterprises (SMEs), during an informal EU telecommunications ministers’ meeting. The call aligns with the EU’s broader strategy to bolster resilience against growing cybersecurity threats. The meeting also saw the ratification of the ‘Warsaw Call on cybersecurity […]