The sale of Superhome Center DIY in Cyprus to a Greek investor is moving forward, with the final deal expected to be concluded in the coming weeks. Sources confirmed to Kathimerini that the Greek investor is set to acquire 100% of the shares in Superhome Center, with the transaction expected to be completed by mid-month. […]
Prince Bank and Forte Insurance officially launched a bancassurance partnership on January 11, 2025, to improve financial accessibility and security for Cambodian consumers. The event, hosted at the Prince Holding Group headquarters, signifies the start of a collaboration dedicated to delivering a wide array of financial services that cater to the dynamic needs of the […]
The Public Works Department is expediting the preparation of new tender documents for the first phase of the Paphos-Polis road, aiming to announce the tender as soon as possible, according to director Eleftherios Eleftheriou. Following the termination of the contract with contractor INTRAKAT, the department conducted a detailed record of the work completed to finalise […]
Cambodia’s international trade significantly increased in 2024, growing by 16 percent to $54.74 billion from $46.82 billion in 2023, a report from the General Department of Customs and Excise of Cambodia showed on Jan. 10. The report said the Kingdom exported $26.19 billion worth of goods to foreign markets, a 15.7 percent increase from the […]
Cambodia attracted 6.7 million foreign visitors in 2024, up 22.9 percent from the previous year, according to a spokesperson for the Ministry of Tourism on Thursday. Hun Dany, who is also the ministry’s secretary of state, said Cambodia’s top five tourism markets last year were Thailand, Vietnam, China, Laos, and the United States. She attributed […]
Perched on the lush slopes of the Troodos Mountains in Cyprus, the village of Kalopanagiotis exudes authentic charm with its cobbled streets, Byzantine monasteries, and ancient thermal springs. Recognised by the UN as one of the best villages for tourism in 2024, this Cypriot gem offers a timeless journey into a vibrant culture and abundant […]
The Central Bank of Cyprus (CBC) announced this week that it has started to accept instant payments on behalf of itself and its clients, including certain government departments and state organisations. The payments, effective from January 9, can be made from any payer account within Cyprus or across the Single Euro Payments Area (SEPA), the CBC said. Instant payments, also known as […]
Cyprus will resolve all technical issues necessary to join the Schengen area by 2025, President Nikos Christodoulides said on Friday. The political aspects of the matter have already been addressed, he added. Cyprus and Ireland remain the only EU member states outside the Schengen area, as they have no land borders with other EU countries. Speaking […]
The Deputy Ministry of Tourism has set a January 25 deadline for stakeholders to submit suggestions regarding the Paphos Marina project, following the publication of its basic specifications. George Mais, president of the Paphos Chamber of Commerce and Industry, said the ministry published the marina’s key characteristics before Christmas to allow potential consortia and bidders to […]
Beer deliveries in Cyprus grew by 1.8 per cent in 2024, reaching a total of 42.9 million litres, according to figures released on Thursday by the Cyprus Statistical Service (Cystat). Domestic beer deliveries rose by 1.1 per cent year-on-year, amounting to 39.7 million litres. Meanwhile, exports saw significant growth, climbing by 8.9 per cent to […]
Cyprus surpassed other European countries like Croatia, Bulgaria, and Slovenia in short-term rental growth during 2024, according to Eurostat. The EU’s statistical office reported this week that short-term bookings in Cyprus jumped to 759,315 in September 2024, up from 642,601 the previous year. From January to September 2024, Cyprus recorded a total of 4,8 million […]
Cyprus’ shopping malls reported record-breaking performance in 2024, with December emerging as a standout month for both footfall and sales. George Georgiou, general manager of Nicosia Mall, told local outlet Stockwatch that annual visitor numbers increased by 3 per cent compared to 2023, reaching nearly 5.7 million. Preliminary data suggest an 8 per cent-10 per cent rise […]
Cyprus is set to intensify its appeal to Chinese tourists, aiming to secure a greater share of one of the world’s largest outbound travel markets, Deputy Minister of Tourism Kostas Koumis said this week. This announcement came during a strategic dialogue with a visiting delegation from Shanghai, led by Fumo Ji, the Athens-based General Manager […]
The Ministry of Labour and social partners are set to prioritise updating the employment strategy for third-country workers, following recent developments in the labour market. Sources indicate that after yesterday’s Labour Advisory Body meeting, this issue emerged as the most likely to progress swiftly, with the Ministry of Labour’s apparent support. The Technical Committee of the […]
Cambodia attracted 6.7 million foreign visitors in 2024, up 22.9 percent from the previous year, according to a spokesperson for the Ministry of Tourism on Thursday. Hun Dany, who is also the ministry’s secretary of state, said Cambodia’s top five tourism markets last year were Thailand, Vietnam, China, Laos, and the United States. She attributed […]
Evercore’s Asia business has expressed its interest to boost cooperation with Cambodia in the areas of renewable energy, healthcare and tourism sectors. The interest was revealed by visiting Keith Magnus, Chairman of Evercore’s Asia business while paying a courtesy call to Cambodian Prime Minister Hun Manet at the Peace Palace here yesterday. Evercore’s Asia business […]