GDP growth will be at 2.9% in 2024, according to the April projections published on the website of the Ministry of Finance. For the years 2025-2027, GDP is expected to grow further by 3.1%, 3.2% and 3.3% respectively. As for inflation, the Ministry of Finance projects that it will fall to 2.5% in 2024, while for […]
Invest Cyprus CEO Marios Tannousis along with Deputy Minister of Tourism Kostas Koumis and his team presented Cyprus’ advantages as an investment and business destination at the Annual Investment Meeting – aka the AIM Congress – 2024 that was held in Abu Dhabi this week. “Delighted to present today and participate in important business meetings […]
The Finance Ministers of Greece and Cyprus Kostis Hatzidakis and Makis Keravnos respectively expressed their joint commitment to continue collaboration between the two countries in all fields, stressing that both economies have exited from the financial crisis of the previous decade. The Greek Minister for Economy and Finance, who is visiting Cyprus, had an 8 […]
Cambodian Prime Minister Hun Manet stated that in the first four months of 2024, the Royal Government of Cambodia approved 128 new investment and expansion projects with a total investment of more than $2.5 billion, which will create more than 130,000 jobs. The premier spoke on Thursday (May 9) during an inauguration of the Cambodia […]
Cambodian Prime Minister Hun Manet vowed to attract new investors and establish an effective private sector problem-solving working group. He made this statement on Thursday (May 9) during an inauguration of Cambodia Confederation of Investors Association (CCIA) at Diamond Island Convention and Exhibition Centre. The premier continued that in order to attract more new investment, […]
Cambodia exported $2.35 billion worth of agricultural products in the first four months of this year, said a report from the Ministry of Agriculture, Forestry and Fisheries. Some 5.3 million tonnes of agricultural products have been exported during the period, a year-on-year increase of 74 percent, read the report. The main products Cambodia exported included […]
Group CFO praises Cyprus as “dynamic and thriving tech hub” Cyprus-headquartered Capital.com, a global trading platform and fintech group, this week announced that total client trading volumes exceeded $1.2 trillion in 2023. According to a statement by the company, this represents a rise of 53 per cent from a year earlier and marks the first time […]
The Research and Innovation Foundation (Idek) on Wednesday released a statement disclosing the list of 61 companies where students will have the opportunity to apply for internships, lasting six weeks, between June 3, 2024, and September 30, 2024. The list includes information about the companies, the period during which each company can employ students, and the minimum required qualifications. According […]
The Cyprus Real Estate Agents Registration Council on Wednesday released a breakdown of property transactions and average values during the first quarter of 2024, according to property type, across all districts. The council said that the analysis of comparative sales data, which are provided by the Department of Lands and Surveys, “offers significant insights into the […]
A total of 11 new subsidy scheme projects amounting to €148 million are anticipated to be implemented by the Ministry of Energy, Commerce and Industry for the period 2024 – 2025. Also, in the assessment of the Ministry’s activities during the first year of Nikos Christodoulides’ presidency, the competent minister, George Papanastasiou, referred to the […]
The value of Cypriot sovereign bonds held by the Eurosystem by end-April remained unchanged at €6.76 billion, as the European Central Bank continues deleveraging its balance sheet in the context of its restrictive monetary policy cycle in a bid to reduce inflation. According to Eurosystem available data by end April processed by CNA, the value […]
The Japan International Cooperation Agency (JICA) has recently launched an agriculture development program in Pursat province aiming to both increase rice production yields throughout the province, while simultaneously reducing the negative effects of large-scale paddy farming through the use of innovative new production techniques. The venture reflects another example of the ongoing support and capital […]
In the first four months this year, Cambodia exported 248,491 tonnes of rice worth $170.2 million, a report by the Cambodia Rice Federation (CRF) showed yesterday. Cambodia gained $46.6 million from exporting 82,491 tonnes of rice in April alone, the report said. China was Cambodia’s largest rice importer as it purchased 67,457 tonnes of milled […]
The Council for the Development of Cambodia (CDC) in collaboration with the Japan External Trade Organisation (JETRO) yesterday organised an investment forum in Tokyo to attract Japanese investors to explore opportunities in the Kingdom. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of CDC on Tuesday led a high-level delegation to promote investment potential to […]
Prime Minister Hun Manet on Tuesday okayed Qatar investors to explore investment opportunities and seek business partners in several sectors including trade, investment and vocational training. This was revealed by Khalid Ali Abdullah Abel, Ambassador of Qatar to Cambodia during a courtesy call to Prime Minister Hun Manet held at the Peace Palace, Phnom Penh […]
Deputy Minister of Research Nicodemos Damianou recently addressed two investment incentives launched at the Deputy Ministry of Research, Innovation and Digital Policy, acknowledging that there is room for improvement. These initiatives include a tax exemption for innovative businesses and a startup visa scheme, amidst ambitions to attract investment and nurture the startup ecosystem. The first […]