The European Commission has highlighted what it has described as Cyprus’ “notable transformation” in its vehicle market during 2024, with electric vehicles (EVs) and hybrids steadily gaining traction. “EVs doubled their market share, accounting for 4.0% of total registrations, up from 2.7% in 2023. Meanwhile, hybrids surged to 37.1%, reflecting shifting consumer preferences toward sustainable […]
Shipping Deputy Minister Marina Hadjimanolis, and Gender Equality Commissioner Josie Christodoulou hosted a press conference on Wednesday at the Presidential Palace to launch the ‘Women in Shipping’ campaign. This initiative, a collaboration between the commissioner and the Deputy Shipping Ministry, seeks to raise awareness and highlight the growing role of women in the maritime sector. […]
The electronic money institutions (EMIs) sector is experiencing rapid growth, driven by the increasing demand for digital transactions, according to Moneygate founder and CEO Nicolas Treppides. “As we step into 2025, the outlook for EMIs remains highly promising, though emerging challenges are shaping a dynamic and demanding landscape,” he explained. Treppides also commented on the […]
The Bank of Cyprus has made significant progress in implementing measures designed to alleviate financial pressures on its customers, particularly through reduced charges and lower interest rates. According to the bank, nearly all the commitments announced have been fulfilled, with additional initiatives underway. As of January 10, the bank has introduced a series of subsidies […]
Cyprus-based venture capital company 33EAST, supported by the European Investment Fund, has raised €26 million to launch its first venture capital fund, aiming to boost the island’s start-up ecosystem and foster innovation. The fund, launched in January, is backed by the Cypriot government through the ‘National Recovery and Resilience Plan’, the Bank of Cyprus, and […]
The European Banking Authority (EBA), in coordination with the European Systemic Risk Board, has released macroeconomic scenarios to assess the resilience of banks in Cyprus as part of the EU-wide 2025 stress test. The scenarios, which include baseline and adverse projections, aim to evaluate the financial sector’s ability to withstand negative economic and financial shocks while identifying systemic risks. […]
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action.CNN — The rugged Annamite Mountains, which stretch across Laos, Vietnam and northeast […]
The tourism industry is buzzing with news of a groundbreaking partnership between Asean member countries and Australia. At the Asean Tourism Forum (ATF) 2025, ministers unanimously agreed to solidify tourism ties, aiming to redefine travel trade and open up fresh opportunities in the tourism sector. With a vision to promote deeper connections, Malaysia spearheaded the […]
Cambodia must reshape its export strategies to meet strict European Union guidelines as the Kingdom loses the benefits of Least Developed Country (LDC) status, says a key UN body advising on the transition. Cambodia will lose benefits such as tariff and quota exemptions when it graduates from LDC status in 2029. “Re-calibrating Cambodia’s growth model […]
A Ministry of Commerce report on Tuesday said Cambodia’s trade volume with its fellow ASEAN member states reached $15.69 billion in 2024, up 12.4 percent from $13.96 billion in the year before. The kingdom exported products worth $5.07 billion to other ASEAN (the Association of Southeast Asian Nations) countries last year, up 7.6 percent from […]
The Ministry of Commerce said in a report on Tuesday that Cambodia exported garments, textiles, footwear, and travel goods worth $13.92 billion in 2024, up 23 percent over the previous year. The report said garment exports stood at $9.79 billion last year, a 24 percent increase from the previous year. It added that textiles worth […]
Minister of Agriculture, Rural Development, and Environment, Dr. Maria Panayiotou has expressed Cyprus’s support for the joint communiqué issued by the 17th Global Forum for Food and Agriculture (GFFA) held in Berlin. The conference was held by the Federal Ministry of Food and Agriculture of Germany, as part of the “Green Week.” According to a Ministry […]
In a ceremony held at Τhe Cyprus Institute (CyI) premises CyI and the Cyprus Academy of Sciences, Letters and Arts signed a memorandum of understanding aimed at promoting research, education and scientific excellence, so that Cyprus may become a regional center of reference in these key areas. In a press release, issued by CyI, it is noted […]
The Republic of Cyprus has issued a navigational warning (Navtex) regarding the commencement of drilling at the “Electra” target, in block 5 of the Cyprus Exclusive Economic Zone (EEZ). According to the Joint Rescue Coordination Center, JRCC, the Navtex is in effect from 19 January until 19 June, 2025, with the drillship VALARIS DS-9 conducting the […]
Government Spokesperson Konstantinos Letymbiotis described the completion of the audit and report by foreign experts on the upgrade of the ship ‘Prometheus’ as a critical step in the implementation of the Government’s strategy to reduce the cost of electricity. In statements on 21 January, the Spokesperson said that the inspection and report of foreign experts […]
Cambodia must reshape its export strategies to meet strict European Union guidelines as the Kingdom loses the benefits of Least Developed Country (LDC) status, says a key UN body advising on the transition. Cambodia will lose benefits such as tariff and quota exemptions when it graduates from LDC status in 2029. “Re-calibrating Cambodia’s growth model […]