Here are the top business stories in Cyprus from the week starting June 9: The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, more resilient, and better aligned with international standards, according to Wim Mijs, Director General of the European Banking Federation (EBF). Speaking to the […]
Limassol studio launch signals long-term film investment in Cyprus Copper Island, the international film company with roots in the US, UK, Europe and Australia, has officially launched its new post-production facility in Limassol’s old town, marking a strategic investment in Cyprus’ growing role as a hub for global filmmaking. The event drew a crowd of […]
Australia and Japan have collaborated to help strengthen Cambodia’s cashew sector by increasing processing capacity, aiming to produce a more delicious and high-quality product for export to the global market. The Australian Embassy in Cambodia wrote on its social media earlier this week that Australia and Japan are working together to strengthen Cambodia’s cashew sector […]
Minister of Energy, Commerce and Industry, George Papanastasiou is in Marseille to represent Cyprus at the 2025 Raisina Mediterranean international geopolitical conference. A press release by the Ministry says that the conference is the first Mediterranean edition of the Raisina Dialogue, one of the most important international geopolitical fora co-organised by the Observer Research Foundation and […]
The growth and continued success of the country’s maritime sector was praised by President, Nikos Christodoulides, during his speech at the General Assembly of the International Chamber of Shipping held in Athens. “We are proud of the remarkable growth and the continued success of our maritime sector and we are working to expand it to […]
Invest Cyprus evaluates the organisation of the Investopia Global Mediterranean Forum in Cyprus as a huge success, both in the presence of high-ranking individuals and multinational companies or companies from the United Arab Emirates (UAE) and at the level of governments and ministers. Focusing on the important presences hosted by the forum, such as the […]
Tourism revenue in Cyprus reached €129.4 million in March 2025, marking a 14.5 per cent increase compared with the same month last year (€113.0 million), according to a report released by the statistical service on Friday. For the first quarter of the year, revenue from tourism totalled €278.3 million, up 24.6 per cent from €223.3 million […]
AstroBank on Friday announced that it will pay interest and proceed with the early redemption of two of its senior preferred bonds on June 30, 2025. The bonds in question include one with a nominal value of €8.2 million, and another worth $12.2 million. The interest rates on these bonds are 6.50 per cent and 8.50 per cent per annum respectively. The interest is […]
Officials from the Central Bank of Cyprus (CBC) met with counterparts from the central banks of Lithuania and the Netherlands on Thursday and Friday. The meeting allowed for the exchange of technical expertise, experiences, and facilitated a discussion on best practices in supervising electronic money and payment institutions. According to a statement issued by the CBC on Friday, similar meetings are scheduled to […]
Over 350 senior delegates from more than 30 countries gathered in Athens this week for the high-level ‘Shaping the Future of Shipping Summit’. The event was jointly hosted by the Ministry of Maritime Affairs and Insular Policy of Greece, the International Chamber of Shipping (ICS), and the Union of Greek Shipowners (UGS). The summit brought […]
Australia and Japan have collaborated to help strengthen Cambodia’s cashew sector by increasing processing capacity, aiming to produce a more delicious and high-quality product for export to the global market. The Australian Embassy in Cambodia wrote on its social media earlier this week that Australia and Japan are working together to strengthen Cambodia’s cashew sector […]
Synopsis: The agreement affirms Kingdom’s support for protecting marine biodiversity and ensuring fair and sustainable use of marine genetic resources in areas beyond national jurisdiction. The Royal Government of Cambodia (RGC) Monday officially signed the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of […]
A foreign cruise ship, the Regatta, arrived at the Sihanoukville Autonomous Port yesterday, bringing more than 600 international tourists from 27 nationalities for a one-day visit to Cambodia before continuing its journey to Thailand. According to immigration police officials at the international entry point of Sihanoukville Autonomous Port, the Regatta, registered under the Marshall Islands […]
Mom Kunthea / KSynopsis: Key tourism development measures are proposed to implement the government’s strategic plan to increase the number of tourists. The Siem Reap-Angkor Tourism Management and Development Commission (SRATMDC) Wednesday asked all relevant institutions to continue to promote the development of Siem Reap’s tourism destinations to make them more attractive to increase the […]
Synopsis: The approved projects are part of the Royal Government’s broader economic agenda, and are expected to generate over 53,000 new jobs. Authorities in Preah Sihanouk province Wednesday called on investors to share their concerns and feedback to improve the implementation of government incentives under a flagship programme that has already approved approximately $7 billion […]
The President of the Paphos Hotels Association, Euripides Loizides, has expressed satisfaction with the occupancy rate at Paphos hotels during the Kataklysmos Flood Festival long weekend, saying that it exceeded 90%. Also known as the Flood Festival, Kataklysmos marks Pentecost, a Christian holiday which takes place on the 49th day after Easter Day. It commemorates […]