A trial operation period for Cyprus’s competitive electricity market begins today, the country’s Transmission System Operator (TSO) announced. The operator will host two training seminars on the Market Management System (MMS), with Energy, Commerce and Industry Minister George Papanastasiou attending the first session. The seminars, scheduled for 7 and 9 January at TSO’s new building, will be […]
Hun Sen, President of the Senate and the Cambodian People’s Party, commended the leadership of the seventh-mandate Royal Government, led by Cambodian Prime Minister Hun Manet, for their performance over the past 16 months, speaking on Tuesday (Jan. 7) at the 46th Anniversary of January 7 Victory Day. He stated that the leadership has achieved […]
The Ministry of Industry, Science, Technology, and Innovation has launched seven additional digital public services to enhance the convenience, efficiency, and transparency of public service delivery. This move is part of the ministry’s ongoing efforts to modernise its operations and streamline services for citizens and businesses. The newly introduced digital services include four related to […]
Property expert points to time-consuming licensing process for new investments Although people may complain about the rising prices, Cyprus’ real estate market is still an ideal sector to invest for long-term security and prosperity, said Yiannis Misirlis, chairman of the Imperio Group, a Limassol-based property development and management firm. “Apart from offering substantial financial growth potential […]
The Ministry of Water Resources and Meteorology has issued a notification on weather conditions in Cambodia from 6th of January to 8th of January. High pressure has a strong impact on the northeast monsoon regime covering the South China Sea, Mekong Basin and the Kingdom of Cambodia. Such a situation will cause: From 6 to […]
‘No foreign investor has poured in millions; no distant CEO is steering its direction. Instead, this beloved hotel has passed from generation to generation…’ This is the highest hotel in Cyprus, 1,757 metres above sea level. It’s almost the oldest, and has been around for close on 100 years. And it’s definitely among the best-loved […]
Phnom Penh, Cambodia, January 6, 2025 — Prince Foundation welcomed 10 Nanyang Technological University (NTU) students from Singapore for a three-week program focused on expanding education access and entrepreneurship mentoring in Cambodia. The students, participating in the NTU PEAK ASEAN Program, conducted field research and developed solutions for two main challenges: improving education access in […]
Cyprus celebrates Epiphany today. Amidst clear skies, as forecasted by the Meteorological Department, worshippers are flocking to churches in preparation for the blessing of the waters. However, for those daring enough to dive for the cross, the Department predicts the sea will be slightly choppy, with conditions locally rough in the eastern areas. Celebrations for […]
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 […]
Asia’s tourism industry is entering a transformative phase in 2025, with nations like China, Singapore, Indonesia, Thailand, Laos, Vietnam, Cambodia, and Sri Lanka leading the charge. With strategic initiatives that highlight cultural heritage, eco-tourism, and sustainable practices, these countries are shaping the future of global travel and tourism. China: The Gateway to Asia China remains […]
By Marios Clerides Cyprus has gone through a series of crises in recent years, after the government started to lose access to international money markets around 2012. This was followed by the banking crisis in 2013, with the closure of one systemic bank and a haircut on deposits in another, and later in 2018, the […]
Cambodia reported a 48 percent increase in the number of Chinese tourists to the UNESCO-listed Angkor Archaeological Park in 2024; an official report showed on Saturday. Located in northwest Siem Reap province, the ancient site welcomed 82,675 Chinese visitors last year, up 48 percent from 55,689 the year before, according to the state-owned Angkor Enterprise’s […]
The bilateral trade volume between Cambodia and South Korea reached $762 million by the end of last year, reflecting an 11.49% increase compared to the previous year. Cambodian exports accounted for $288 million of this total, rising by 13.77%, according to the Ministry of Commerce. This growth highlights the strengthening trade ties between the two […]
Cambodia has recently won international honours as the most affordable New Year getaway in Asia, but the high-end of the country’s tourism sector is also booming, the peak industry body says. “It’s important to clarify that Cambodia isn’t simply a ‘cheap’ destination,” Chhay Sivlin, President of the Cambodia Association of Travel Agents (CATA), told Khmer […]
Cyprus’ ten most expensive property sales during November reached a total value of €24 million, according to real estate analytics firm Ask Wire. The highest-value sale occurred in Limassol, involving offices in the Neapolis area, priced at €4.1 million. The company’s findings for the month in question also revealed a slowdown in high-value property transactions […]
Here are the top business stories in Cyprus from the week starting December 30 The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will come into effect on January 9, 2025 and cover all […]