CIFA eyes 2025 as ‘year of growth’ in Cyprus’ investment funds sector

CIFA eyes 2025 as ‘year of growth’ in Cyprus’ investment funds sector

€9.3 billion milestone reached in 2024 The Cyprus Investment Funds Association (CIFA) on Wednesday released a statement saying that it views 2025 “as a year of strategic growth and opportunity in the investment funds sector”. “Cyprus’ investment funds sector exemplifies resilience and innovation, driving our collective vision for sustainable economic progress,” stated CIFA.  CIFA expanded […]

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International investor increases stake in Rodon hotel

International investor increases stake in Rodon hotel

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd, the owner of the Rodon hotel in Agros. On January 7, Chainrai purchased an additional 319 shares of ‘Proodos’ at €3.00 each, raising his direct ownership to 102,353 shares, representing 2.85 per cent of the company’s issued share capital. This follows a series of acquisitions […]

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Economic sentiment in Cyprus improves in December

Economic sentiment in Cyprus improves in December

The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of Cyprus (CypERC). This increase was driven primarily by a significant boost in consumer confidence and, to a lesser extent, an uptick in the manufacturing sector’s business sentiment. Consumer confidence reached its highest level in three […]

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Cyprus launches trial period for competitive electricity market

Cyprus launches trial period for competitive electricity market

A trial operation period for Cyprus’s competitive electricity market begins today, the country’s Transmission System Operator (TSO) announced. The operator will host two training seminars on the Market Management System (MMS), with Energy, Commerce and Industry Minister George Papanastasiou attending the first session. The seminars, scheduled for 7 and 9 January at TSO’s new building, will be […]

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Cambodia expands digital public services to boost efficiency and transparency

Cambodia expands digital public services to boost efficiency and transparency

The Ministry of Industry, Science, Technology, and Innovation has launched seven additional digital public services to enhance the convenience, efficiency, and transparency of public service delivery. This move is part of the ministry’s ongoing efforts to modernise its operations and streamline services for citizens and businesses. The newly introduced digital services include four related to […]

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Cooperation ‘essential’ in driving boom in Cyprus’ real estate sector

Cooperation ‘essential’ in driving boom in Cyprus’ real estate sector

Property expert points to time-consuming licensing process for new investments Although people may complain about the rising prices, Cyprus’ real estate market is still an ideal sector to invest for long-term security and prosperity, said Yiannis Misirlis, chairman of the Imperio Group, a Limassol-based property development and management firm. “Apart from offering substantial financial growth potential […]

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The highest hotel in Cyprus

The highest hotel in Cyprus

‘No foreign investor has poured in millions; no distant CEO is steering its direction. Instead, this beloved hotel has passed from generation to generation…’ This is the highest hotel in Cyprus, 1,757 metres above sea level. It’s almost the oldest, and has been around for close on 100 years. And it’s definitely among the best-loved […]

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Prince Foundation Partners Again with NTU PEAK ASEAN Program to Address Development Challenges

Prince Foundation Partners Again with NTU PEAK ASEAN Program to Address Development Challenges

Phnom Penh, Cambodia, January 6, 2025 — Prince Foundation welcomed 10 Nanyang Technological University (NTU) students from Singapore for a three-week program focused on expanding education access and entrepreneurship mentoring in Cambodia. The students, participating in the NTU PEAK ASEAN Program, conducted field research and developed solutions for two main challenges: improving education access in […]

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