Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis on Thursday. Tannousis addressed an international audience at the 10th International Funds Summit & Expo in Nicosia, presenting the island’s unique advantages, including financing schemes and incentives for global investors. Tannousis explained that Cyprus’ strategic […]
Passenger traffic at Cyprus’ Larnaca and Paphos airports increased by 7.14 per cent in October 2024 compared to October 2023, according to the Transport Ministry. The ministry said this resulted in record traffic being recorded during this time, with over 1.3 million travellers. Specifically, Cyprus welcomed a record-breaking 1,338,065 passengers through Larnaca and Paphos airports […]
United Arab Emirates energy giant Abu Dhabi National Oil Co has expressed interest in Cyprus’ emerging natural gas sector, Energy Minister George Papanastasiou has said. “They expressed interest in the eastern Mediterranean,” Papanastasiou told Reuters on the sidelines of an energy conference in Abu Dhabi. He clarified that Adnoc had not made any formal request […]
Cambodia has earned over $1.5 billion from paddy and milled rice exports in the first ten months of this year, a report from the Cambodia Rice Federation (CRF) showed yesterday. From January to October of this year, the Kingdom exported 502,029 tonnes of milled rice to 66 foreign countries and territories, earning $376 million, stated […]
Larnaca Attractions Scratch the surface of Larnaca and you’ll reveal a wealth of sun-drenched secrets that go far beyond its reputation as a party destination. Located in the southeastern corner of Cyprus, the city undoubtedly has its nocturnal thrills, but there is so much more to see and do during the day that you may feel you’re […]
Cambodian businesses are eager to strengthening relations with the US during the upcoming Donald Trump Administration. Shortly after president-elect Trump gave his victory speech in New York on Wednesday afternoon in Cambodia time, Prime Minister Hun Manet led the country to congratulate him. Mr Hun Manet in a Facebook post said that the great victory […]
Malis Angkor, the certification mark for Cambodian Premium Aromatic Rice, won the World Best Rice for the 6th time from the World Best Rice Competition on Thursday (Nov. 7) during the World Rice Conference 2024 held in Manila, the Philippines. The competition is organised by the International Commodity Institute (ICI) and the Rice Trader of […]
17 prominent private companies from Yunnan Province have pledged to explore Cambodia’s emerging tourist destinations, promote joint marketing activities, organize collaborative events, and develop new tour packages aimed at attracting more Chinese tourists from Yunnan to Cambodia, particularly to Siem Reap. Huot Hak, Minister of Tourism, met with the companies for a work discussion on […]
Sharing the border with Cambodia, the Central Highlands province of Gia Lai of Vietnam is striving to develop its border trade infrastructure connections with Ratanakiri province of Cambodia, aiming to strengthen economic links and make import-export turnover on par with the great potential of both countries. A highlight of this scheme is the annual border market […]
The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward securing financing from a bank for the second phase of development at both airports. Kathimerini understands Hermes Airports is in advanced talks with a bank to secure a loan for the project, pending approval […]
Crete, the flagship of Greek tourism, is extending the tourism season for another year, with the “help” of climate change, as the president of the Crete hoteliers’ association, Manolis Tsakalakis, said to the Athens-Macedonian News Agency. British tour operators have already expressed an interest in transferring airline seats of prospective tourists from the high season […]
The average gross monthly earnings for employees in Cyprus reached €2,363 in 2023, a 7.3% increase from €2,202 in 2022, marking a continued rise in income levels after a 7.1% uptick the previous year. According to CySTAT, the median gross monthly earnings stood at €1,792. Significant differences are recorded based on gender, nationality, and industry, […]
Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. This agreement, which marks the renewal of the contract initially due in 2018, will retroactively cover the period from January 1, 2019, to December […]
Greek retail chain Jumbo Group reported robust sales growth for the first ten months of 2024 at its recent shareholder briefing. This was driven by strong demand in key markets and strategic expansion across Cyprus, Greece, Bulgaria, and Romania. In Cyprus, Jumbo shop sales experienced steady growth, with October 2024 figures rising by approximately 2 […]
Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the first nine months of 2024, Hellenic Bank’s performance was strong, despite global challenges,” said CEO Michalis Louis. “By maintaining a strong capital […]
Cambodian Independence Day is celebrated annually on November 9th, marking the country’s declaration of independence from French colonisation in 1953. As a Cambodian, “Independence Day” resonates deeply with me. Growing up, I was always captivated by the vibrancy of the celebrations in my hometown. The streets were decorated with flags, music filled the air, and […]