The two shipping companies have formed a single entity called InterMaritime Shipmanagement Intership Navigation and Interorient Shipmanagement on Tuesday announced that they have merged to form InterMaritime Shipmanagement. The new entity, which will include Intership’s sister company Donnelly Tanker Management, will manage 170 vessels, offering comprehensive ship management services globally. Combining over 80 years of […]
The Bank of Cyprus claimed two prestigious Gold Awards at Bousias’ Cyprus HR Awards for 2023, according to an announcement released on Tuesday. The bank was awarded ‘Best Change Management Strategy & Initiative’, as well as ‘Best Partnership with Educational Institutions, showcasing its innovative approach to internal engagement and staff development. The bank’s first Gold […]
The Central Bank of Cyprus (CBC) has unveiled a new strategic framework for 2025-2026, built upon three pillars comprising specific actions aimed at institutional evolution, operational efficiency and modernisation. Central Bank Governor Christodoulos Patsalides, speaking at the “Credit Risk Management Conference – ESG Impact on Credit Risk: Navigating Through Challenges”, emphasised that rapidly changing economic, social, technological and […]
The Council for the Development of Cambodia (CDC) has promoted Cambodia’s investment potential and opportunities among Japanese businesspeople and investors through the “plus-one strategy” mechanism, at the Cambodia Investment Seminar as Thailand +1, held in Bangkok, Thailand late last week. Sun Chanthol, Deputy Prime Minister and the CDC’s First Vice President, raised Cambodia’s favourable investment […]
The National Observatory of Cyprus has been named a finalist at the 2024 World Architecture Festival in Singapore, competing against projects by leading firms including Zaha Hadid Architects and Foster + Partners. Designed by Cypriot practice Kyriakos Tsolakis Architects, the observatory in Agridia village will be presented in the ‘Completed Projects’ category by partner Elena K. Tsolakis […]
The 2024 China-Cambodia Digital Economy Cooperation Forum and the inauguration of the China-Cambodia Digital Economy Professional Association marked a significant milestone in deepening digital cooperation between the two nations. Held on Monday at the Sofitel Phnom Penh Phokeethra, the event brought together high-ranking Cambodian and Chinese officials, including Deputy Prime Minister Aun Pornmoniroth, who emphasized […]
Diplomatic cooperation and bilateral trade between Cambodia and Germany are expected to see further advances, following an October 31 meeting between a German delegation and senior officials from the Council for the Development of Cambodia (CDC). In the first nine months of the year, trade between the two countries was over $780 million. The German […]
Siem Reap in Cambodia will be the most sought-after tourist destination for Australians next year, according to Skyscanner’s Travel Trends 2025 report quoted by SBS News recently. This surge in popularity is largely driven by the region’s rich culture, stunning temples, delicious food, diverse entertainment activities, and favourable weather, the report said. According to it, […]
Cyprus’s retail trade turnover value index rose by 3.1% in September 2024 compared to the same month last year, the Statistical Service reported. The retail trade turnover volume index also showed positive growth, increasing by 3.3% year-on-year in September. For the January-September 2024 period, the value index recorded a 5.0% increase, while the volume index […]
The Cyprus Shipping Chamber has expressed its strong support to a joint statement by the European Community Shipowners’ Associations (ECSA) and the European green transport advocacy group Transport & Environment (T&E). The joint statement calls on EU policymakers to prioritise clean fuel production as a crucial component of the upcoming Clean Industrial Deal and emphasises the urgent need […]
The Hotel Professionals of Cyprus (Pasydixe) on Monday appointed Polis Kallis as its first general manager, according to an official announcement. The announcement explained that the new role is aimed at reinforcing the association’s structure, combined with providing better support for hotel professionals across Cyprus. Pasydixe, part of the Cyprus Chamber of Commerce and Industry […]
The renowned Angkor Archaeological Park, Cambodia’s premier tourist destination, has witnessed a substantial increase in foreign visitor arrivals during the first ten months of this year. According to Angkor Enterprise which oversees the Angkor entrance pass sales, the Archaeological Park received 774,203 foreign tourists in the first ten months this year, a year-on-year increase of […]
Siem Reap in Cambodia, home to the famous Angkor Wat Temple, has taken out the top spot for Australia’s trending travel destinations in 2025, according to a travel-comparison website, Skyscanner’s Travel Trends 2025 report quoted by SBS News. For Australian travellers, Japan has been at the top list, but in 2025, Siem Reap in Cambodia […]
Cambodia generated nearly $36 million from ticket sales to the Angkor Archaeological Park, Koh Ker, and Chong Khneas Tourism Port in the first ten months of 2024, according to a press release issued by Angkor Enterprise on November 1, 2024. During this period, 774,203 foreign tourists purchased tickets to visit the Angkor Archaeological Park and […]
A window of many opportunities can be opened for Cyprus by the UK’s abolition, from April 6, 2025, of the non-dom status, since Cyprus has for 17 years offered this status, with all the related privileges, and can continue to do so, Georgia Papa, Corporate and Commercial Law lawyer and Partner at Pyrgou Vakis LLC, […]
Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a recent Eurobarometer survey published by the European Commission. The survey highlighted the need for targeted support to help SMEs expand […]