State-owned asset management company Kedipes on Thursday announced cash inflows of €144 million for the first quarter of 2024, with the company also making a record payment of €140 million to the state, bringing the total repayment of state aid to €1.3 billion. The announcement, made in conjunction with the company’s Q1 2024 management results, […]
Deputy Minister of Tourism Kostas Koumis on Thursday said that the strengthening of diplomatic relations between Cyprus and Jordan is helping to significantly lift the island’s tourism sector. In an announcement by the ministry, Koumis emphasised the considerable potential for enhanced collaboration between the two countries’ tourism partners. In the coming days, he explained, a […]
The Cyprus Securities and Exchange Commission (CySEC) and the Department of Accounting and Finance of the University of Cyprus (UCY) have jointly undertaken an interesting educational initiative aimed at financial literacy for the public, especially young people. What sets this initiative apart is that the “trainers” will essentially be citizens who have experienced and learned […]
A significant increase of 12.87% was recorded in the Cyprus Stock Exchange (CSE) during May, mainly driven by the rise in financial companies, which accounted for 77.54% of the monthly trading volume. The weight of Bank of Cyprus and Hellenic Bank stocks was particularly notable. According to a monthly review issued by CSE in the latest […]
German’ysuvex Academy, which provides qualified education and training on topics related to personal protective equipment and occupational safety, will consider choosing Cambodia as a destination for its investment expansion, said its Director Dr. Claus-JurgenLurz. Dr. Claus-JurgenLurz made the remarks after giving a presentation to a Cambodian delegation composed of representatives of the Council for the […]
Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), has encouraged Bayernhafen Nurnberg of Germany to invest in Cambodia in the transport and logistics sectors. The encouragement was made when Sun Chanthol led a delegation consisting of concerned ministries/institutions, the Cambodian Oknha Association, and Cambodia Chamber […]
Cambodia exported more than 110,000 tonnes of dry rubber in the first five months of 2024, an increase of 2.43 percent in the same period of 2023, according to the report of the General Directorate of Rubber of the Ministry of Agriculture, Forestry and Fisheries. The country earned more than $165 million in revenue from […]
The Ministry of Commerce and the Korea Trade-Investment Promotion Agency in Cambodia have pledged to strengthen trade promotion initiatives and bilateral collaboration to enhance economic ties between the two nations. The remarks were made during a meeting held on Wednesday at KOTRA Office in Phnom Penh between Samheng Bora, Secretary of State and Yun Hacheong, […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) on Wednesday met Dr Andrea Heilmaier, Deputy Governor of Nuremberg City and discussed means to boost trade connectivity, investment flow and business activities between the two countries. Chanthol reached Germany on Wednesday after his two-day successful visit to […]
Sok Siphana, Senior Minister in charge of Special Missions and Chairman of the Trade Policy Advisory Board (TPAB), on Monday-Tuesday held a series of meetings with key international institutions during his official mission to Geneva, Switzerland, as the High Representative of Prime Minister Hun Manet to the 60th Anniversary of UN Trade and Development (UNCTAD). […]
Cambodia on Monday proposed Spain to consider entering into a bilateral treaty aimed at facilitating investment and strengthen business interaction. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) told Maria Amparo López Senovilla, Secretary of State of the Ministry of Economy and Competitiveness (MINECO) of Spain […]
Eurobank on Tuesday significantly increased its stake in Hellenic Bank by purchasing 503,934 shares at a total cost of €1.29 million, with transaction taking place on the Cyprus Stock Exchange (CSE). According to an announcement released on Tuesday afternoon, Eurobank noted that the acquisition took place on Monday, with each share bought at a price […]
The Republic of Cyprus and Montenegro this week signed a Memorandum of Understanding (MoU) to mutually recognise the certificates of competency for officers on merchant ships, marking a significant step in their maritime cooperation. The agreement was signed in Limassol during an informal bilateral meeting by Cyprus’ Deputy Minister of Shipping Marina Hadjimanolis, and Montenegro’s […]
The Cyprus Chamber of Commerce and Industry (Keve), in conjunction with the Cyprus-Israel Business Association and the Embassy of Israel, has released a public invitation to a presentation on advanced water technologies from Israel. In addition, the presentation will also explore the application of these technologies in industrial and agricultural contexts. According to the announcement, […]
The average total government employment in Cyprus for the period of January – May 2024 rose by 5.1% to 54,385 persons compared with the respective period of last year, CySTAT has reported. In May 2024 total government employment reached 54,826 persons. According to CySTAT, employment In the Civil Service numbered 12,032 permanent employees, 4,248 employees […]
The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) yesterday. According to MAFF, Cambodia dedicated approximately 277,000 hectares of land to red corn cultivation in 2023, resulting in a substantial yield of over 1.5 million tonnes, […]