Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an official announcement from the bank, this four-day visit “reaffirms its commitment to strengthening its presence in Cyprus, positioning its subsidiary as a leading banking choice for businesses and households”. The high-level […]
Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind this surge. According to the land department, property sales nationwide rose to 1,371 in February 2025, up from 1,284 in the same month last year. Over the January-February period, transactions increased by 13 per cent, with […]
The Cyprus Financial Literacy and Education Committee (CyFLEC) on Thursday announced that it is intensifying its efforts to promote financial literacy among young people and the broader society as part of Global Money Week. The committee, which has been operating under the Central Bank of Cyprus (CBC) since June 2024, “aims to enhance the ability of citizens—particularly young people—to […]
Phnom Penh (FN), Mar. 13 – The Honorary Consulate of the Republic of Cyprus in Cambodia paid a courtesy call on Heng Sour, Minister of Ministry of Labor and Vocational Training (MOLVT) and ministry’s cabinets on 10 March 2025. The meeting centered on the recent cooperation agreement between the Cambodia Institute of Technology and Agriculture (CITA) […]
Cambodia’s exports to the United States soared to over $1.6 billion between January and February 2025, marking a 25 percent increase from the same period last year, according to a report from the General Department of Customs and Excise of Cambodia released earlier this week. The report highlighted that during the first two months of […]
Cambodia has earned some $420 million from milled rice and paddy exports in the first two months of this year, a report from the Cambodia Rice Federation (CRF) showed yesterday. From January to February, the Kingdom exported 135,074 tonnes of milled rice, up 49.8 percent from 90,153 tonnes in the same period last year, earning […]
A group of Chinese investors Tuesday expressed interest in studying and identifying potential cashew suppliers for future exports, while Cambodia has proposed the group to invest in the processing of various agricultural products, particularly rice and rubber. The interest was expressed during a meeting between Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) […]
Based on the remarkable achievement in Cambodia’s aviation sector last year, the State Secretariat of Civil Aviation (SSCA) anticipated more growth in air passenger movement this year as well. Addressing the closing ceremony of the SSCA’s annual meeting on Wednesday, Mao Havannall, Minister in charge of the SSCA, said that the SSCA has placed strategic […]
President Christodoulides on Wednesday announced a reduction in VAT on electricity prices for domestic consumption from 19% to 9%. He mmade the announcement while reviewing the government’s work for 2024. President Christodoulides stated, “As part of our policy for cheaper energy and broader tax reduction, as presented in our proposal for tax reform, I announce […]
The business world has given a vote of confidence to the under development new tax model for Cyprus, with business entities finding that the tax reform proposed by the University of Cyprus’ Economics Research Center (CypERC) is a move in the right direction and strengthening the country’s competitiveness. The positive lens through which the local […]
President Nikos Christodoulides announced that he will be visiting three US states in the immediate future, with a focus on attracting investments and strengthening diplomatic and economic ties through new diplomatic missions in selected countries. He revealed the news at a meeting with a delegation from Alpha Bank Greece and Cyprus at the Presidential Palace, […]
Cyprus’ tourism ministry this week launched the application process for a grant scheme aiming to enhance the qualitative and aesthetic appeal of Cyprus’ beaches. This initiative, according to the ministry, seeks to position Cyprus as a “destination accessible to every visitor.” In the statement, the ministry clarified the scheme’s objective to promote projects aimed at […]
Eurobank has outlined its strategic objectives following the acquisition of 100 per cent of Hellenic Bank in its public offer document, which details the roadmap for the acquisition process. The bank intends to proceed with the necessary steps to delist Hellenic Bank’s shares from the Cyprus Stock Exchange (CSE) upon completion of the offer. The public offer aims to secure the remaining […]
Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat on Wednesday. Moreover, lowest shares were also reported in Portugal (4.3 per cent) and Latvia (13.7 per cent) In contrast, around one-third (33.1 per cent) of EU consumers faced challenges, with Luxembourg (55.5 per […]
Cambodia has taken a bold step towards enhancing its coastal appeal as Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, and his spouse, led the groundbreaking ceremony for the upscale public beach resort “Prek Treng Beach” yesterday. Held in Village 3, Sangkat 1, Sihanoukville, the event attracted provincial leaders, […]
Cambodia welcomed 611,894 international tourists in the first month of this year, up 13.3 percent compared to the 540,023 tourists recorded during the same period in 2024, said a report from the Ministry of Tourism (MoT) yesterday. The rise of international tourists, mainly from Thailand, Vietnam and China, were announced by the Tourism Statistics Department […]