Cambodia’s economy is forecast to grow at 5.8 percent in 2024 and 6.0 percent in 2025, fueled by a further rebound in tourism and strong manufacturing prospects, according to the latest edition of the Asian Development Bank’s (ADB) flagship economic report released on April 11. “Despite global economic challenges, Cambodia’s economy performed well in 2023,” […]
Cambodia Investment Review The Cambodian economy is set to experience an acceleration in growth rates in the next two years, buoyed by a returning tourism sector and robust manufacturing activities, the Asian Development Bank (ADB) outlined in its latest Asian Development Outlook (ADO) report for April 2024. The forecasted growth rates of 5.8% for 2024 […]
Traditions of one of the island’s historic villages combine with the future of art in a new space. SARA DOUEDARI meets the visionaries behind the gallery where old meets new among lemon and olive trees Down an alley in the village of Lefkara, a traditional brick building stands, leading into a gallery space that contrasts […]
Drawing parallels to Singapore’s iconic Merlion, the half-man half-lion sculpture that has become synonymous with the city-state, the newly unveiled statue of a seahorse has shot to national prominence. The hitherto unheralded small town of Kampot now boasts of a tourist attraction as emblematic as the Merlion. The statue standing at a height of 8 […]
Cyprus is in place to become a regional centre for technology and innovation, according to Deputy Minister of Research, Innovation and Digital Policy, Nikodemos Damianou said at the 14th Nicosia Economic Congress. “Today, with the actions we have taken, we are in a better position than ever to be able to speak in a meaningful […]
Deputy Minister of Tourism, Kostas Koumis has stressed the importance of international collaboration to overcome the widespread challenges facing the tourism sector. Speaking at the 70th Session of the Europe Commission of the World Tourism Organisation (UNWTO) in Tirana Koumis emphasised the commonality of issues across European tourist destinations. He pointed out that these challenges, from the […]
There was increased interest in organised trips from Poland to the Famagusta district during a roadshow in Poland by the Famagusta Tourism Board (Etap) and hoteliers of the district. The Roadshow organised by the deputy ministry of tourism, between April 8 and 10 visited Warsaw, Krakow, and Katowice. During these sessions, Etap Famagusta engaged with leading Polish tour […]
Members of the recently elected Board of the Cyprus Investment Funds Association (CIFA) met with the President, George Theocharides, the Vice President, George Karatzias, and key executives from the Cyprus Securities and Exchange Commission (CySEC), marking a significant stride towards enhancing collaboration and fostering mutual objectives concerning the funds industry in Cyprus. Importantly, the discussions […]
Commerce minister Giorgos Papanastasiou and the Republic’s Chief Scientist for Research, Innovation, and Technology, Demetris Skourides, were recently in Japan to promote Cyprus as a base for international business and as an emerging tech centre. This was part of the government’s drive to woo Japanese investors and business leaders, by promoting Cyprus’ ambitious future vision, […]
Motor vehicle sales rose by 26% year on year in the first three months of 2023, totaling 12,827 compared with 10,193 in the respective period of last year. Data published by Cystat, show that saloon cars’ sales rose by 23.3% reaching 10,189 for the period of January – March 2024, compared with 8,264 in the […]
Ministry of Agriculture Permanent Secretary, Andreas Gregoriou, attended an informal meeting of EU Agriculture Ministers, in Belgium, held under the Belgian presidency of the Council of the EU. He spoke of the importance of a holistic approach in protein production and consumption, as well as of the necessity for food security, through the employment of production […]
The government’s discussions with Chevron are progressing well, stated President Christodoulides yesterday, expressing hope for announcements soon. Speaking at the 14th Economic Congress of Nicosia, he also mentioned that in the coming days, the CEO of ENI, Claudio Descalzi, is expected in Cyprus to present the development plan for the licensed fields. A priority for […]
Manhattan Special Economic Zone, the largest Chinese economic site in Cambodia and Surbana Jurong Group (SJ Group), a Singaporean SEZ development institution have jointly unveiled a master plan to expand business operations in priority sectors like agriculture, green energy, transportation and logistics. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council of the […]
Showing signs of a clear recovery, Cambodia’s exports reached $6.26 billion in the first quarter (Q1) of the year, a surge of 18 percent compared to the same period last year, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. Cambodia’s imports too went up, reaching $6.23 billion […]
Phnom Penh, April 10, 2024: The coastal province of Kampot has unveiled a new attraction that is captivating tourists: a giant seahorse statue situated along its popular riverbank. This remarkable statue, which gracefully spouts water from its mouth into the scenic Kampong Bay stream, was introduced just in time for the New Year festivities. During […]
Minister of Agriculture, Maria Panayiotou, praised the economic value of the wine industry and revealed plans for global promotion through international events and financial support. She highlighted the government’s commitment to supporting the wine sector, emphasizing its potential to drive the country’s economic development. This sentiment was expressed during her speech at the 11th Cypriot […]