As Cambodia-South Korea trade grows, Cambodia Angkor Air is launching direct flights to the southwestern Korean county of Muan. The first flights from Phnom Penh will commence on December 29 and from Siem Reap on January 2. “The new connection opens up even more opportunities for travellers and makes it easier than ever before to […]
The Asian Development Bank (ADB) said on Tuesday that it will invest $403 million in Cambodia in 2024. “This year marks a significant milestone in our partnership with Cambodia, with the approval of $403 million in loans and grants under the framework of our new country partnership strategy for 2024-2028,” ADB Country Director for Cambodia […]
Tourist arrivals reached 3,907,137 for the period of January – November 2024, compared to 3,722,022 in the same period of 2023, recording an increase of 5%. The number of tourists for the first eleven months of 2024 surpassed the total number of tourist arrivals for 2023, when they reached 3,845,652. Τhe arrivals of tourists reached […]
Tourist arrivals in Cyprus reached 3,907,137 for the period of January-November 2024, compared to 3,722,022 in the same period of 2023, recording an increase of 5%. In the first 11 months of 2024, the number of tourists surpassed the total number of tourism arrivals for 2023, when they reached 3,845,652.
Limassol port manager DP World Limassol on Tuesday announced that it has secured a major vehicle transhipment deal, describing it as “a significant milestone” for the multipurpose terminal. “This is the first agreement of its kind in nearly two decades, heralding new opportunities for local and regional markets,” the company said. Under the agreement, approximately […]
Invest Cyprus on Monday announced the launch of a series of strategic meetings with regional and local authorities aimed at mapping and promoting investment projects that are open to foreign investors. According to the announcement, this initiative seeks to enhance collaboration between local government and the organisation to position Cyprus as a prime destination for […]
Phnom Penh, December 13, 2024 — Cambodian Prime Minister Hun Manet expressed pride in the nation’s export achievements as he opened the Cambodian Trade Expo at the PH Green Hall Center in Phnom Penh. Speaking at the ceremony, the Prime Minister celebrated the impressive growth of Cambodian exports, which have been steadily increasing each year. […]
A new record high number of passengers passing through the Republic of Cyprus’ airports has been set this year, with it projected that more than 12 million people will have taken off or landed at Larnaca and Paphos by the end of the year. The two airports’ holding company Hermes airports’ senior director Maria Kouroupi […]
The €170 million expansion plans for Larnaca and Paphos airports are now open for public consultation, with feedback invited until January 15, 2025. Hermes Airports, the operator under a long-term concession agreement, said that it seeks to modernise facilities, address increasing passenger traffic, and bolster Cyprus’ standing as a key regional aviation hub. The second phase of expansion of Larnaca International Airport, with a budget of €95 […]
Trade between Cambodia and Vietnam reached $7.08 billion in the January to November period of the year, a rise of 20.6 percent, even as the neighbouring country consolidated its position as the second-biggest export market of the Kingdom, next only to the United States. According to the trade data, released by the General Department of […]
The Ministry of Commerce (MoC) and the Ministry of Trade, Industry and Energy of the Republic of Korea (MOTIE) Saturday jointly organised a business event to strengthen bilateral relations by fostering strategic trade partnerships and enhancing the Kingdom’s investment potential. The ‘Cambodia-Korea Trade and Investment Forum’ was presided over by Cham Nimul, Minister of Commerce, […]
The annual “Angkor Thanksgiving” event demonstrates the national pride, civilisation, culture, and history and contributes to promoting Cambodia’s cultural and tourism potential, through which the tourists can continue to see the testimony of the great achievements of the highly talented Khmer ancestors. First Lady Pich Chanmony Hun Manet made the remarks when she and Men […]
Going by the current trend, Cambodia is poised to receive 6.7 million foreign tourists by the end of this year, surpassing the pre-Covid-19 milestone of 6.6 million. This was disclosed by Tourism Minister Huot Hak at the 11th Sea Festival in Kampot recently. “By the end of 2024, Cambodia expects to receive approximately 6.7 million […]
About 48% of new registrations of passenger cars in Cyprus were electric and, mainly, hybrid cars in 2023, in line with the EU average and reflecting the development of this market in the country despite the overall low percentage of usage of electric cars. More specifically, and according to data released by Eurostat, in 2023, […]
Hellenic Bank on Monday announced a reduction in its reference rate for loans linked to the European Central Bank’s (ECB) base rate. Effective from December 18, 2024, the rate will decrease by 0.25 percentage points, moving from 3.40 per cent to 3.15 per cent. “This reduction will also affect loans tied to Euribor interbank rates, […]
The Commissioner of State Aid Control Stella Michaelidou on Monday approved a €3 million grant scheme to boost rural tourism. Specifically, the scheme seeks to provide support for the renovation or enhancement of hotels and tourist accommodations in rural, mountainous, and remote areas. The scheme, originally announced on December 6, will be implemented by the Deputy Ministry of Tourism. Titled […]