Economy to outperform EU average Credit rating agency Morningstar DBRS on Wednesday revised its economic growth and unemployment projections for Cyprus, reflecting a more optimistic outlook for the country’s economy. In its report, the agency updated its macroeconomic forecasts for several sovereign nations, including Cyprus. It increased its 2025 GDP growth estimate for Cyprus by 0.3 percentage points compared […]
Cypriot businesses have significantly progressed with the integration of digital technologies into how they operate, according to the Cyprus Statistical Service (Cystat). This was evident in Cystat’s latest report detailing the results of its 2024 survey on the use of information and communication technologies (ICT) and e-commerce in businesses. The findings reveal that a substantial 84.1 per cent […]
For the first time a Cypriot has been elected to the position of Vice Chair of the International Maritime Organisation, the deputy ministry of shipping announced on Wednesday. In a press release the ministry said the election of its Legal Affairs Director Lydia Markari-Kyriacou to the post had been unanimous by IMO member states during […]
Consulting and advisory firm PwC Cyprus on Wednesday released a statement detailing the various initiatives implemented by its foundation to “strengthen financial literacy and foster an entrepreneurial mindset among young people”. Specifically, to mark Global Money Week 2025, which took place from March 17 to 23, the non-profit PwC Foundation coordinated the ‘Financial Literacy’ educational programme for the third consecutive year. The initiative was […]
National and international tourists flock into Angkor Wat Temple to admire and capture photos of Angkor Equinox (sunrise over the central tower of the Angkor Wat Temple) in Siem Reap province this morning.
A total of 85,453 national and international tourists flocked to Angkor Wat Temple in Siem Reap provincial city to admire and take picture of equinox, a natural phenomenon when the sun rises over the central tower of Angkor Wat Temple, from Mar. 21 to 23, said the APSARA National Authority on Sunday. Among them, the […]
The Cambodia Chamber of Commerce (CCC) and its Vietnamese counterpart held a number of productive meetings to boost trade and investment cooperation between the two neighbouring countries in Ho Chi Minh city, Vietnam. The CCC delegation, led by its Vice-President Chhim Sok, engaged with Vietnamese counterparts including businessmen, investors, and key firms in Ho Chi […]
The upgrade of Cyprus’ economy by Morningstar DBRS rating agency constitutes a vote of confidence in the government’s responsible fiscal policy, President of the Republic, Nikos Christodoulides, said on Saturday, expressing his satisfaction. Speaking to the press, President Christodoulides stated that the upgrade of the economy by yet another rating agency is, among other things, a vote […]
Minister of Finance Makis Keravnos has held a courtesy meeting with the new Executive Director of the International Monetary Fund (IMF), Jeroen Clicq, at the Ministry. In a press release from the Ministry, it was noted that during the Friday, 21 March meeting, “views were exchanged on matters of common interest as well as current geopolitical and economic […]
Capital Intelligence Ratings (CI Ratings or CI) announced that it has upgraded the Republic of Cyprus’ Long-Term Foreign Currency Rating to ‘BBB+’, from ‘BBB’. At the same time, CI Ratings has affirmed the sovereign’s Short-Term FCR at ‘A2’. The Outlook for the ratings has been revised to Stable from Positive following the upgrade. The agency […]
The ferry service connecting Cyprus and Greece will operate for a fourth consecutive year, with the Cyprus-flagged vessel “Daleela” scheduled to begin its 2025 season on May 31 from Limassol port, maritime officials announced today. Bookings for the popular maritime route will open on April 2, with the final journey from Piraeus port scheduled for September 2, […]
The Holy Synod of the Church of Cyprus has approved a request from Kykkos Monastery to develop a significant parcel of land near its “Agios Prokopios” dependency in Nicosia. The development will take place on a 331,450 square meter plot owned by the Kykkos Bishopric, with construction covering 324,855 square meters of the total area, according to […]
Limassol-based maritime analytics firm KeelX launched on Monday a generative AI chatbot designed to support faster decision-making and improve operational efficiency across the shipping industry. According to the statement, KX-AI, is embedded in KeelX Analytics and enables users to query a range of topics including fleet performance, emissions management, market trends, regulatory developments and operational […]
Cambodia is set to mark a significant milestone in its aviation sector with the launch of Techo International Airport (TIA) in July 2025. Designed as both a major passenger gateway and a strategic cargo hub, the airport is poised to enhance the country’s connectivity and economic growth. Located about 20 kilometers south of Phnom Penh […]
Cyprus is set to open a new facility dedicated to the care of the endangered Mediterranean monk seal (Monachus monachus), authorities announced on Saturday, marking International Seal Day. The facility will be located at the Cyprus marine aquaculture research centre in Meneou, under the auspices of the fisheries and marine research department (FMRD). The FMRD […]
Bringing the cash clo 21 MARCH 2025 – 15:55 Share this page: The two major banks in Cyprus, Bank of Cyprus and Hellenic Bank, are moving forward with agreements made with President Christodoulides. During a meeting with the President, the CEOs of the two banks, Mr. Michalis Louis and Mr. Panicos Nicolaou, agreed to install […]