The Bank of Cyprus on Monday officially resumed trading on the main market of the Athens Stock Exchange (ATHEX) after a seven-year absence. According to an announcement by the bank, “the milestone was marked by the traditional ringing of the bell, symbolising the start of the trading session”. In addition, the bank said that “this […]
Cyprus’ wholesale trade and motor vehicle sectors grew during the second quarter of 2024, according to a report released on Monday by the Cyprus Statistical Service (Cystat). Specifically, the turnover value index for wholesale trade rose by 7.7 per cent compared to the same period last year, while the index for the sales and repair […]
Cyprus needs a long-term energy strategy with well-defined objectives, according to the chairman of the Cyprus Energy Regulatory Authority (Cera) Andreas Poullikas. “The provision of affordable energy services is key to sustainable development,” Poullikas said in a recently published analysis piece. However, he also noted that the key challenge facing countries today is to develop […]
Aspiring entrepreneurs will gather in Nicosia on Tuesday for the Startup World Cup Nicosia Finals, an event offering Cypriot startups the chance to showcase their ideas on a global stage. Organised by The Future Leaders Club and presented by Asbis, the event will take place at the ‘CIM – Cyprus Business School’ from 17:00 to […]
Greek and Cypriot energy regulators have approved €550 million in recoverable revenues for IPTO, Greece’s power grid operator, for 2024-2025, clearing a major regulatory obstacle for the Greece-Cyprus electrical interconnection project. This decision paves the way for IPTO to issue a full notice to proceed to cable manufacturer Nexans, effectively resolving an impasse that had stalled the project. […]
Cyprus leads the EU in aeroplane use, according to Eurostat data published on the occasion of the European Mobility Week. The data show Cyprus has a high reliance on air travel, with 23.2% of passenger kilometres attributed to this mode of transport. Air transport has seen a notable increase EU-wide, rising by 6% compared to […]
Finance Minister Makis Keravnos on Saturday hailed rating agency Morningstar DBRS’ decision to give Cyprus a credit rating of BBB (high) and upgrade the island’s outlook from “stable” to “positive”. Reacting to the news, he said the government “will continue to … promote the appropriate financial plans which will allow the maximum possible utilisation of all the […]
AirAsia Cambodia is set to spread its wings by adding a new route from Siem Reap to Singapore commencing from 9 November 2024. Fares are on sale today between Siem Reap to/from Singapore today for the travel period from 9 November 2024 starting from just USD109* all in fare/one way. As one of the world’s […]
PHNOM PENH: Cambodia’s economy has consistently demonstrated remarkable growth, averaging 7% annually in the decade preceding the COVID-19 pandemic. Despite global challenges, the country’s economy is projected to expand by 5.2% in 2023, solidifying its position as a dynamic investment destination (General Department of Public-Private Partnerships, GDPPP) . The Cambodian government has created a business-friendly […]
A day after he was appointed as Minister for Tourism, Huot Hak held two meetings with the private sector on Saturday outlining measures to give a fillip on increasing the number of foreign tourists. Hak held wide-ranging discussions with the Cambodia Association of Travel Agents (CATA) and Cambodia Destination Management Companies (CAM-DMC). Key issues were […]
Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. This was revealed in the General Department of Customs and Excise report on Saturday. Trade with RCEP […]
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries reached $22.92 billion in the first eight months of 2024, up 17.2% from $19.55 billion over the same period last year, said the latest report from the General Department of Customs and Excise on Saturday. The country’s trade volume with fellow RCEP members accounted for 62% of its $36.94-billion total […]
Bookings and programs from major European tour operators have officially confirmed what was anticipated as early as July: Paphos is set to maintain its strong visitor numbers into the first two months of autumn. High occupancy rates at tourist facilities, confirmed bookings for September and October, and positive signals from UK-based travel agents all point […]
Here are the top business stories in Cyprus from the week starting September 16: Following the recent announcement of a €30 million investment in premium AA games by Mad Crusader, a Cyprus-based IP incubator, the Cyprus Mail sat down with founder and CEO Yarr Rash to explore the company’s vision. As a leading innovator in the gaming world, […]
Cyprus is in “advanced consultations” with the United Arab Emirates regarding the establishment of a joint company to participate in the share capital of the Great Sea Interconnector, President Nikos Christodoulides said on Saturday. Speaking to Greek television channel Open, he said there is “also interest” on the part of the United States and Qatar. The […]
The story of the bank, committed to serving the nation, reflects that of the island, The history of the Bank of Cyprus is and always will be intertwined with that of the country. This perfect connection was highlighted in a devastating response by the Bank of Cyprus general manager in 1955 when, during a general […]