Cyprus’ trade deficit reached €4.98 billion in the January-August period, down 18.5 per cent compared to €6.12 billion in the same timeframe last year, according to a report by the Cyprus Statistical Service (Cystat). This improvement reflects a 15.5 per cent reduction in total imports, which amounted to €7.58 billion in the first eight months […]
By Rita Beyrouthy As the financial landscape evolves, with technology and digital finance shaping how investors access markets, it is important to focus on how these innovations can empower and protect investors while ensuring that markets remain fair and efficient. In the context of World Investor Week (WIW) 2024, this focus becomes increasingly relevant. In […]
Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy when formulating their pricing policy. Failure to do so, he warned, could harm their image and put at risk the reputation of the banking sector. […]
The total number of registered motor vehicles in Cyprus rose by 13.2 per cent in the January-September 2024 period, reaching 38,819, compared to 34,280 during the same period last year. According to the Cyprus Statistical Service (Cystat), in September alone, motor vehicle registrations totaled 4,428, a decrease of 3.9 per cent from the 4,607 recorded […]
Cyprus recently achieved international recognition by winning the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8. As Cyprus’ reputation for excellence in air connectivity continues to grow, the deputy Ministry of Tourism announced the award. This annual Routes World conference, a key event for the aviation industry […]
Cambodia and Germany have discussed and exchanged views on bilateral development cooperation, and ways to further promote it to the next level, according to the Council for the Development of Cambodia (CDC). The Cambodian side was headed by Chhieng Yanara, Senior Minister in charge of Special Missions and Second Vice-Chairman of the CDC, while the […]
Cambodia has 20 million internet subscribers both mobile and fixed as of June, an increase of 16.6 million registered in 2020, the year of pandemic, a report of the Telecommunication Regulator of Cambodia showed on Wednesday. The report stated that mobile internet users increased to 21.9 million, up 5.2 percent from 20.8 million recorded in […]
After the recent withdrawal from the development pact known as the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA), the Royal Government of Cambodia (RGC) shifted its stance to promote bilateral cooperation with the Lao People’s Democratic Republic (PDR) including the removal of double taxation, trade, tourism and energy sectors. On the sidelines of the 44th & 45th […]
The United States Department of the Treasury (USDT) Monday praised the Royal Government of Cambodia (RGC) for its effective management of the economy and public finances and the proactive response to challenges, despite the uncertainties posed by external factors. The appreciation was conveyed to Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance […]
Israeli hospitality firm Fattal Hotel Group has announced plans to invest €55 million in acquiring and renovating the Elias Latsi Holiday Village Resort in Paphos. The property will be rebranded as Leonardo Club Family Resort and will feature new facilities including a water park. The renovation project is expected to take 18 months to complete, pending […]
The Ministry of Agriculture, Rural Development and Environment will present the National Strategy for the development of the primary sector on 10 October. The Strategy was drawn up after an extensive dialogue with the agricultural organisations and all stakeholders, Minister Maria Panayiotou said. Panayiotou told the House Agriculture Committee the strategy includes 11 actions aimed […]
Paphos is pushing forward with a €195,000 digital advertising campaign this October, targeting key tourist markets across Europe to boost visibility and attract more visitors. Local tourism board Etap said this initiative builds on three years of successful campaigns. Local hoteliers, Etap, the Cyprus Hoteliers Association (Pasyxe), Hermes Airports, and the Hellenic Bank have renewed […]
At the opening of the Women in STEM Cyprus Forum in Limassol, Commissioner for Gender Equality Josie Christodoulou, acknowledged Cyprus’ progress on gender equality, despite ranking 21st among the 27 EU Member States. The Forum, organised by Women in Tech and TechIsland to mark Ada Lovelace Day, aimed to empower women in Science, Technology, Engineering, […]
Cyprus won the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8, as its global reputation in air connectivity grows, the deputy Ministry of Tourism said. The Routes World conference, a central event for the aviation industry since 1995, gathers senior figures from airlines, airports, and global stakeholders. […]
On his first official visit to Hellenic Bank since Eurobank Group’s acquisition, CEO Fokion Karavias underscored his commitment to providing tangible support, accompanied by deputy CEO Stavros Ioannou. During their visit, Eurobank’s top executives, joined by Hellenic CEO Michalis Louis, toured the bank’s branches, business centres, and the Technology and Digital Development Centre in Nicosia, underscoring […]
India’s leading low-cost carrier IndiGo plans to expand its international network with the introduction of flights to Cambodia next year. Starting from February 2025, the airline will offer two direct routes connecting India and Cambodia, said Koy Kuong, Cambodian Ambassador to India. The first route will link New Delhi, India’s capital, to Phnom Penh. The […]