ABA Bank continues to dominate the financial landscape with a stellar performance in the first half of 2024. The bank reported impressive growth across all key metrics, solidifying its position as a key driver of Cambodia’s economic development. Strong customer growth fueled by digital adoption The bank reports a significant increase in customer acquisition in […]
Royal Railway Cambodia (RRC), a subsidiary of Royal Group, imported 25 new flat rail wagons from Malaysia to enhance its freight service capabilities, according to the company, yesterday. “The shipment arrived on July 28, marking a significant step forward in Royal Railway’s commitment to providing efficient and reliable freight transport across Cambodia,” Royal Railway said […]
The deputy ministry of tourism and Deloitte Triton Paphos Marina Consortium signed on Monday a 30-month contract to provide consulting services over the tender process for the Paphos marina development. The aim of the contract is to create a tender process that will lead to the selection of a strategic investor, which will develop the […]
The Centre for Entrepreneurship at the University of Cyprus on Monday announced the launch of the 2024 Cypriot Entrepreneurship Competition (CyEC). According to the announcement, the competition, which is organised annually by the centre, under the auspices of the Ministry of Energy, Commerce and Industry, aims to promote entrepreneurship and innovation in the modern economy. […]
Cypriot real estate data analytics firm, Ask Wire on Monday published a report detailing the ten most expensive real estate sales transactions in Cyprus for the first half of 2024 across the island. The top transactions, completed between January and June, amassed a total of €144.9 million. Notably, the most expensive sale was an office […]
Cypriot Artistic Gymnastics champion, Marios Georgiou, qualified on Saturday in Paris in the Men’s Horizontal Bar category final, which will be held on August 5. President Nikos Christodoulides, who watched Georgiou compete and qualify for gymnastics’ horizontal bar final on Saturday in Paris, told the press team of the Cyprus Olympic Committee that he was “moved” […]
TOKYO — A Cambodian industrial park that has long served as a base for Japanese and Chinese manufacturers is looking to diversify as shifts in global supply chains create opportunities for the Southeast Asian country to attract more companies. The Phnom Penh Special Economic Zone in the capital houses more than 90 tenants from 15 […]
Thinking about pursuing higher education abroad? Look no further than Cyprus, an island that seamlessly blends rich cultural heritage with modern educational opportunities and can help you secure a high-paying job, offering up to INR 64L (71K EUR) annually. In recent years, Cyprus has become an increasingly popular destination for international students, including many from India. According to […]
In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on July 24, 2024, marking the third Lidl store in a row in the Paphos district and the 21st in Cyprus. The opening ceremony was attended by distinguished guests, including local officials, partners and members of the company, friends […]
Here are the top business stories in Cyprus from the week starting July 22: The European Central Bank (ECB) recently decided to maintain interest rates at their current levels but indicated that the upcoming September meeting is “wide open,” given the downgraded economic outlook for the eurozone and predicted continued falling inflation. ECB President Christine Lagarde […]
The artefacts’ repatriation marks the end of decades-long legal battles and efforts to recover the nation’s cultural heritage. Cyprus have unveiled a remarkable collection of ancient artefacts, some dating back thousands of years, that were returned after being looted decades ago by a notorious Turkish art dealer. Aydin Dikmen took the treasures from the country’s […]
Passenger numbers on flights between Belgrade and the Cypriot city of Larnaca have continued to grow into 2024 following last year’s record levels. During the first half of this year, a total of 75.338 passengers flew between the two cities on Air Serbia and Wizz Air flights, with the figure growing 3% on 2023, despite […]
Suon Sophal, Deputy Secretary General of the Board of Investment of Cambodia, highlighted to the delegation of investors led by Zhong Zhengbing, Vice-President of the Cambodia-China Progress Association, the cooperation initiative to establish an industrial corridor and a fish and rice corridor, intended to be the driving force behind Cambodia’s economic growth and for achieving […]
Vietnam will increase its electricity supply to Cambodia to 400 megawatts or more to boost the Kingdom’s economy and to help prevent blackouts or power shortages from occurring. The plan was made public by Pham Minh Chinh, Prime Minister of Vietnam, during a meeting in Hanoi, Vietnam on the afternoon of July 25 with Senate […]
The Republic of Cyprus, even though not a member of the Organisation for Economic Co-operation and Development (OECD) for political objections and not able to partake to the relevant consultations at the Inclusive Framework (IF) OECD level, has been supportive of the OECD/G20 BEPS actions and the work undertaken so far by the OECD/G20 and […]
“We expect to close the minimum size in the autumn and start operations, with the remainder of the financing amount to be raised soon thereafter,” Demetrios Zoppos, the co-founder of 33East, the VC firm selected to steer the Cyprus Equity Fund’s capital has told CBN. He was speaking to CBN soon after The Bank of […]