The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 million development initiative by Lanitis Golf Public Co Ltd, is located in the Tserkezoi area of the Limassol district. This venture forms a significant […]
Cambodia’s international trade reached $26.09 billion in the January to June period this year, a rise of 12.7 percent compared to the same period last year to close the first half (H1) of 2024 on a good note, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. The […]
In a move underlining the government’s commitment to reviving the tourism sector, Prime Minister Hun Manet chaired a high-level meeting yesterday to assess the progress of the newly formed Cambodia Tourism Marketing and Promotion Board (CTB). Established on July 1, 2024, the CTB is tasked with spearheading international marketing efforts to attract tourists to the […]
The European Commission said on Wednesday it had approved a Cypriot traditional food product, Tertziellouthkia, a type of local pasta, for inclusion on the registry of Protected Geographical Indications (PGI). A PGI emphasises the relationship between the specific geographic region and the name of the product, where a particular quality, reputation or other characteristic is […]
Cyprus recorded the largest increase in housing transactions among EU countries in 2023, according to data released by the European Union’s statistical office (Eurostat). Eurostat reported that in 2023, the number of housing transactions decreased in 13 out of the 16 EU countries for which data is available, compared to 2022. This marks the second […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
Agriculture Minister Maria Panayiotou has announced a new decree concerning the milk quota for the production of Halloumi with Protected Designation of Origin (PDO) status. The Minister also announced financial measures and tools to support the sector. Additionally, Panayiotou announced the implementation of a new software for goat and sheep milk tracking, set to be […]
Cyprus Public Transport (CPT) marked its fourth anniversary, showcasing its role in transforming public transportation and attracting more passengers. CEO Julio Tiron, speaking at a media event, highlighted the company’s achievements, including daily ridership exceeding 36,000. He added that CPT employs over 600 staff, making it a leading employer. “Four years ago, we took on […]
A delegation of investors and businessmen from Australia and New Zealand recently visited Cambodia to explore potential investment opportunities. The group, led by Cheunboran Chanborey, Ambassador of Cambodia to Australia and New Zealand met with officials of the Council for the Development of Cambodia (CDC) on Monday to gain a deeper understanding of the government’s […]
Home sales in Cyprus surged 31% in 2023 from 2022, the highest increase among European Union countries, according to data released by Eurostat, the EU’s statistical service. This notable growth marks the third consecutive year that home sales in Cyprus have risen, contrasting sharply with trends in most other EU countries, where transactions have generally […]
Cambodia attracted fixed-asset investment of US$3.2 billion in the January-June period of this year, up 194 percent from US$1.1 billion recorded in the same period last year, the Council for the Development of Cambodia (CDC) said in a news release on Friday. A total of 190 investment projects have been approved during the above-mentioned period, […]
Cambodia has registered 1,614 electric vehicles (EVs) as of June 2024, said a news release from the Ministry of Public Works and Transport on Tuesday. The news release said the three most popular EV brands in the Southeast Asian country are China’s BYD, Japan’s Toyota, and Tesla. It added that the kingdom had recorded 658 […]
Cambodia exported 338,654 tonnes of milled rice in the first six months of 2024, a year-on-year increase of 2.7 percent, the Cambodia Rice Federation (CRF) said on Tuesday. The milled rice exports earned the Kingdom a total revenue of $247 million, up 7.8 percent from the same period last year, the report said. The Kingdom […]
Hermes Airports, which manages and operates both the Larnaca and Paphos international airports, on Monday announced that it has received an award for its leadership and HR practices. According to the announcement, the HR Excellence Award was awarded to Hermes during the Annual Congress & General Assembly of ACI Europe, which took place last week […]
Approximately 7,000 people in Cyprus work in forex, although the actual number may potentially be much higher than that, according to recently published research from TradeInformer, a business-to-business news and research portal that covers the global retail trading industry. According to the above figure, this means that approximately 1.65 per cent of Cypriot private sector […]
The Cyprus Statistical Service (Cystat) announced on Monday that the total number of vehicle registrations from January to June 2024 increased by 19.2 per cent, reaching 26,250. This represents a significant rise from the 22,021 vehicles registered during the same period in 2023. Focusing on saloon passenger cars, there’s been an increase of 17.2 per […]