The Deputy Ministry of Tourism this week announced the launch of the second round of its grant scheme for the revival of rural, mountainous, and remote areas. The scheme is aimed at enhancing and upgrading Cyprus’ tourism product through the creation of authentic experiences. The announcement also said that the scheme follows a relevant decision by the Council of Ministers.Interested […]
Administrative, support and real estate services in Cyprus performed well during the second quarter of 2024, according to the latest services turnover value index report. Specifically, according to the Cyprus Statistical Service (Cystat), administrative and support service activities saw an increase of 11.3 per cent compared to the same period in 2023. Real estate activities […]
Paphos mayor Phedonas Phedonos on Wednesday hailed the opening of the American University of Beirut’s new campus in his town, describing it as “one of the most important projects” Paphos has undertaken in its history. “This university has charted a course for almost 160 years in our neighbouring country, Lebanon. Without any doubt, the American University […]
The Royal Government of Cambodia (RGC) signed two memoranda of understanding (MoUs) with Canadia Bank Plc and ACLEDA Bank Plc, allowing international passengers to fill out documents, apply for visas and make payments in advance.The agreement was signed yesterday by Charles Van, Executive Vice President of Canadia Bank and Seng Youan, Director General of the […]
Acting Head of State Hun Sen Tuesday expressed satisfaction with the growing trade volume between Cambodia and Thailand. Mr Hun Sen made the remarks during a meeting with Cherdkiat Atthakor, Ambassador of Thailand to Cambodia, who paid a farewell visit to the Senate. He expressed his pleasure meeting with Ambassador Atthakor who is leaving Cambodia […]
With this, the number of projects eligible under the special investment promotion programme soared to 110 Another 27 projects worth $306 million in investments received approval for incentives recently under the ‘Special Investment Promotion Programme for Preah Sihanouk Province’ initiated by Prime Minister Hun Manet in January this year. The decision to provide the incentives […]
Siem Reap Provincial Administration is initiating measures on inter-sectoral cooperation to strengthen the quality of tourism services and develop new tourism products in the province and prepare the Angkor area to be a quality visit destination. Addressing a consultation workshop on the ‘Preparation of Siem Reap Tourism Development Plan 2025-2028’ organized by Siem Reap-Angkor Tourism […]
Kampong Speu province has proven a magnet for new business investments in the last year between September 2023 to August 2024. The region witnessed the approval of 95 new inward investment projects by the Council for the Development of Cambodia (CDC), marking the highest investment approval tally of any province, nationwide, during the period. The […]
The Retail Trade Turnover Value Index in Cyprus increased by 3.4% in July this year compared to the same month in the previous year, according to data released by CySTAT. During the same period, the Retail Trade Turnover Volume Index also recorded a rise of 1.2% year-on-year. For the period from January to July 2024, […]
Cyprus saw an increase in the sales of petroleum products during July, which totalled 134,484 tonnes, marking a 4.6 per cent increase compared to July 2023. According to a report released on Tuesday by the Cyprus Statistical Service (Cystat), there was a rise in the sales of marine gasoil, which jumped by 11.9 per cent. […]
Globeducate, one of the world’s leading K12 education groups, this week announced the acquisition of Cypriot educational group Olympion. This notable group of private Greek schools, situated near Nicosia, educates nearly 450 pupils aged 6 to 18 across Gymnasium, Lyceum, and, starting in September 2024, elementary stages. The acquisition strengthens Globeducate’s presence in Cyprus and […]
Cypriot startup Placy has secured €1 million in pre-seed funding, according to an announcement released on Tuesday. The company provides an AI-powered virtual companion that aims to reshape how real estate is bought and sold. Placy was created to take on a number of routine tasks, including valuations, research, scheduling viewings, and drafting agreements, among others. This […]
Saudi Arabian Transport Minister, Saleh Bin Nasser Al-Jasser, on Monday visited DP World Limassol’s general cargo and cruise terminal, where he discussed avenues for further cooperation in areas of mutual interest. Cyprus Transport Minister Alexis Vafeades, along with Deputy Minister of Shipping Marina Hadjimanolis, provided a tour of the Limassol port and passenger terminal. They […]
PHNOM PENH (Phnom Penh POst/ANN): While the 2024 Gumball 3000 Rally won’t be tearing up the streets of the Kingdom for another fortnight, prominent Malaysian motorsport competitor Leona Chin has already been setting hearts racing in Cambodia. The rally will see a one-off collection of hypercars and other luxury vehicles touring the country, with the […]
PHNOM PENH: A delegation from the Hong Kong-based FUNG Group, led by Dr. William Kwok Lun, expressed keen interest in investing in Cambodia’s textile industry during a meeting with HE Sun Chanthol, First Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC). HE Chanthol highlighted Cambodia’s favorable investment […]
The e-commerce and digital trade sectors in Cambodia have witnessed remarkable growth in recent years, reflecting the country’s dynamic and resilient economy, thanks to government initiatives to promote digitalization. Cham Nimul, Minister of Commerce, made the remarks while presiding over the opening ceremony of the workshop on ‘Cambodia’s Digital Economy and Engagement with E-DISC’ (ERIA […]