Korea Expressway Corporation (KEC) yesterday evinced interest in Cambodia’s highway projects, a statement issued by the company said. The KEC statement follows a meeting held between top company management and Kampong Thom Governor Nuon Pharat at the KEC ex-Smart Centre in Sujeong-gu, Seongnam, Gyeonggi province in South Korea, on Friday. The discussion focused on mutual […]
Prime Minister Hun Manet yesterday said that Cambodia can now produce and export processed products to other countries, a significant shift from the past when it was solely an importer of raw materials. He attributed this progress to the country’s strong human resources. Speaking at the graduation ceremony at the Vanda Institute in the Koh […]
Cambodia approved fixed-assets investment projects worth $1,069 million in the first two months of 2025 with a total number of projects of 104 projects, a Council for the Development of Cambodia (CDC) report showed yesterday. The approved investment projects would generate some 71,000 jobs for local people, said the report. Outstanding projects included an electronics […]
Cyprus recorded in January a general government surplus of 566.9 million euros (1.6% of GDP) according to the preliminary fiscal data by the Statistical Service (CyStat). The service said on Monday that the corresponding surplus for January 2024 amounted to €476.5 million (1.4% of GDP). Total revenue in January increased by €194.3 million (+14.3%) to […]
Total employment for the fourth quarter of 2024 is estimated at 500,606 persons, of which 448,007 are employees and 52,599 are self-employed. According to CySTAT, compared to the corresponding quarter of 2023, total employment increased by 1.7% for the 4th quarter of 2024. The most significant percentage increases were observed in the economic activities of […]
The interest rates of Cypriot banks for both deposits and loans are showing increased alignment with eurozone averages, according to data published by the Central Bank of Cyprus for December. The initiative aims to enhance market transparency and consumer awareness by providing detailed breakdowns of rates offered by individual financial institutions, enabling households and businesses to make more informed financial […]
Cyprus has implemented new restrictions on licensing solar farms on agricultural land, following recommendations from the Audit Office, Interior Minister Konstantinos Ioannou told the House Agriculture Committee on Tuesday. The committee continued discussions on protecting agricultural land from solar installations, with the Energy, Commerce and Agriculture Ministers attending alongside representatives from the energy regulator CERA, transmission system […]
Cyprus’ government employment increased by 599 people in February 2025, a rise of 1.1 per cent, compared to February 2024, reaching a total of 55,296 employees. According to the state statistical service, this growth was primarily driven by an increase in employment within the educational service, which grew by 3.8 per cent. Moreover, the report […]
Aegean Airlines on Tuesday reported a strong start to 2025, carrying 1.9 million passengers in the first two months of the year, marking a 9 per cent increase compared to the same period in 2024. The airline also announced ambitious expansion plans, offering 1.8 million additional seats in 2025, bringing the total available seats to […]
CySEC conducted 850 audits, issued €2.76m in fines in 2024 The Cyprus Securities and Exchange Commission (CySEC) on Tuesday outlined its key regulatory actions and market oversight efforts during a press conference in Nicosia. The commission’s presentation focused on legislative and technological developments shaping the capital markets in 2025. The commission highlighted increasing institutional and regulatory requirements, digital transformation, and […]
Cyprus Wine of Kings A bottle of Cyprus’ famous Commandaria wine sits next to three glasses at the Karseras Winery in the mountain village of Doros on Friday, Feb. 21, 2025. (AP Photo/Petros Karadjias) MENELAOS HADJICOSTIS Mon, March 10, 2025 at 11:21 AM GMT+7 4 min read NICOSIA, Cyprus (AP) — Praised by the ancient Greek […]
Koh Kong has hosted a coastal festival to showcase its tourism potential and attract more investors to the coastal province. Koh Kong Deputy Provincial Governor Orn Sothearith emphasised the objective when addressing the opening of the event on Saturday. He urged a collaborative effort from all stakeholders, particularly the public and private sectors, to continue […]
Cambodia’s international trade volume increased by 16.3 percent to $9.44 billion in the first two months of this year, from $8.12 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed yesterday. From January to February, the Kingdom exported $4.46 billion worth of goods […]
The Council for the Development of Cambodia (CDC) held a meeting with representatives from RMA (Cambodia) and Minebea (Cambodia) to prepare for the 3rd meeting of the Advisory Council for the development of the automotive and electronics sectors. Nut-Un Voanra, Deputy Secretary General of the Cambodian Investment Board (CIB) of CDC and Head of the […]
The Deputy Secretary General of the Cambodian Investment Board (CIB) Suon Sophal, today led a working group to meet and discuss with Li Yongjun, Director-General of the General Department of Economic Cooperation and Overseas Investment of the Ministry of Commerce of China, with the aim of exchanging views on investment cooperation and the development of […]
Larnaca’s Tourism Board (ETAP) has announced an ambitious plan to enhance the region’s tourism infrastructure for 2025, building on its success as Cyprus’s third most popular destination despite having significantly fewer accommodation options than competing regions. With just 5,817 beds compared to Limassol’s 9,874, Paphos’s 27,441, and Famagusta district’s 37,809, Larnaca has seen tourist arrivals increase […]