The Cabinet has decided to increase the basic part of the Social Insurance Fund’s pensions by 5.94%. In statements after the end of the 3 December meeting, the Minister of Labour, Yiannis Panayiotou, stated that “following a Cabinet in accordance with the provisions of the Legislation, the pensions of the Social Insurance Fund will increase […]
Industrial turnover in Cyprus increased by 1 per cent in October 2024 compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). In its latest industrial turnover report, released on Friday, Cystat also reported that there was a 2.1 per cent rise recorded during the first ten months of 2024. Moreover, […]
The government approved a 5.94% increase in basic pensions, President Christodoulides announced Friday. The cabinet met today to discuss several key measures, including a nearly 6 per cent increase in basic pensions, the establishment of an artists’ registry, mandatory mediation for disputes up to €10,000, strengthening the government’s advisory council, and modifications to the Rent-versus-Installment and Amalthea schemes. […]
Deputy Prime Minister and Minister of Civil Service Hun Many said that the Royal Government of the 7th Legislature of the National Assembly accelerated efforts to foster economic growth and progress across all sectors while ensuring a favourable environment, particularly in positioning Cambodia as a reliable destination for investors and tourists. Speaking at the ‘Celebrating […]
Cambodia’s tourism push has received another shot in the arm with a leading online travel platform Agoda declaring Phnom Penh the most affordable destination in Asia for New Year celebrations. This comes soon after prestigious travel guide Fodor’s named the Kingdom’s Koh Ker Temple complex in its ‘Twenty-five places to go in 2025’ – the […]
The G7 nations of Japan and Canada are on track to be Cambodia’s fifth and sixth largest trading partners respectively in 2024, according to recent data released by the General Department of Customs and Excise (GDCE). The exchanges between the two countries and the Kingdom recorded in 2024 have indicated significant growth compared to 2023 […]
The mixed community of Pyla iσ experiencing unprecedented growth due to surging property demand despite its unique administrative status. Community Council President Simos Mytides told Phileleftheros that “Pyla currently has one of the highest development rates across Cyprus”. He revealed that more than 1,000 residential units are under construction, with permits pending for an equal […]
The Cyprus Chamber of Commerce & Industry (Keve) on Thursday released a statement congratulating Thomas Kazakos, the director general of the Cyprus Shipping Chamber (CSC), on his appointment as secretary-general of the International Chamber of Shipping (ICS). The appointment was originally announced on December 18, 2024, with Kazakos’ term coming into effect on April 1, 2025. “Kazakos’ appointment to this prestigious position […]
Cambodia ushered in the New Year with a spectacular celebration on Tuesday night, featuring a grand parade, vibrant cultural performances, and a dazzling fireworks display in front of the Royal Palace in Phnom Penh. On New Year’s Eve, hundreds of thousands of people, including Cambodians and foreigners, gathered in key locations in the heart of […]
Cyprus’s business landscape underwent significant transformation in 2024, marked by major acquisitions across banking, insurance, healthcare, retail, and energy sectors, totalling over €1.5 billion in deals. In the banking sector, Eurobank completed its largest acquisition in Cyprus, securing a 93.47% stake in Hellenic Bank for over €1 billion. The Greek group paid a premium price of […]
Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related matters in Cyprus and is available as of January 1, 2025, on the organisation’s website only in English,” the company said. The announcement also noted that this marks the 33rd […]
Following Cabinet approval on December 18, 2024, Cyprus has enacted modifications to its startup visa program. The changes have come into effect today. The government has adjusted several core requirements: Entrepreneurs who want to renew their visas after three years must now achieve one of these benchmarks: Deputy Minister of Research, Innovation, and Digital Policy […]
On New Year’s Eve 2024, approaching the beginning of 2025, Kampot province had approximately 198,000 tourists, including more than 600 international tourists who visited resorts, tourist destination communities, and Kampot City. Meanwhile, the general situation in Kampot province on New Year’s Eve was good, with no notable problems. Soy Sinol, Director of the Kampot Provincial […]
Total exports of Cambodia to the Regional Comprehensive Economic Partnership (RCEP) member countries saw a year-on-year increase by 14.4 percent to $8.25 billion in the first eleven months of 2024, a report from the Ministry of Commerce pointed out. The country’s RCEP exports accounted for 33.9 percent of the Kingdom’s total export volume of $24.34 […]
Cambodia’s three international airports handled a combined 5.65 million air passengers in 2024, up 39.8 percent from 4.04 million a year before, a report from the State Secretariat of Civil Aviation (SSCA) showed. Cambodia has three international airports: Phnom Penh International Airport, Siem Reap Angkor International Airport, and Sihanoukville International Airport. The year 2024 saw […]
The Ministry of Tourism (MoT) yesterday reported that Cambodia welcomed 3.54 million tourists during the last two days of 2024. This figure included nearly 50,000 foreigners while citizens accounted for 3.49 million. According to the Tourism Statistics Report from the Provincial Department of Tourism, the Kingdom received 216,331 local tourists and 18,249 foreigners on December […]