The Royal Government is working to enhance the country’s investment climate by negotiating Double Taxation Agreements (DTAs) with six countries in the region and Europe. While Cambodia has implemented DTAs with Singapore, China, Thailand, Brunei, Vietnam, Indonesia, China’s Hong Kong Special Administrative Region, Malaysia and South Korea, DTAs with China’s Macau Special Administrative Region and […]
The Lloyd’s List Greek Shipping Awards 2024 brought together hundreds of industry leaders in Athens, celebrating the achievements of local and international shipping. Deputy Minister of Shipping Marina Hadjimanolis attended on behalf of the Republic of Cyprus and presented the ‘Achievement in Education or Training 2024’ award to Captain Panagiotis Tsakos. Speaking at the event, […]
Over 100 Cypriot antiquities, including pottery jewellery, coins and religious icons illegally removed from the island have now been repatriated from the UK, the antiquities department said on Monday. The artefacts had been handed over to the Cyprus High Commission in London by UK police after being returned by various individuals who had them in […]
Even as the recent spike in tourism numbers in Kampot is yet to scale up to the same level as those witnessed in 2018-2019, the inflow of tourists in 2024 is quite encouraging. By sheer numbers, Kampot is now the Kingdom’s second most popular count-down destination, only after Siem Reap. What’s the reason for this […]
Freedom24 is honoured to present the second article in its series dedicated to the development of chess in Cyprus. This special series explores the rich history and dynamic evolution of chess on the island, highlighting Freedom24’s commitment to promoting the strategic and cultural significance of the sport. The first article is available in the Sport […]
Credit rating agency Fitch on Saturday upgraded Cyprus’ credit rating from BBB+ to A-, becoming the second such agency in the space of three weeks to give the island an ‘A’ grade. The agency said it had upgraded Cyprus’ score on account of “the rapid reduction in public debt, strong fiscal surpluses, and limited fiscal […]
Trendy without trying too hard By George Demetriades Nestled in the heart of Nicosia, on evergreen Pindarou, Beba is a restaurant that seems to have mastered the delicate art of being trendy without trying too hard. You know the type, effortlessly cool, with a vibe that feels more like a friend’s well-curated dinner party than […]
Even as the recent spike in tourism numbers in Kampot is yet to scale up to the same level as those witnessed in 2018-2019, the inflow of tourists in 2024 is quite encouraging. By sheer numbers, Kampot is now the Kingdom’s second most popular count-down destination, only after Siem Reap. What’s the reason for this […]
A new hotel investment covering an area of approximately 97,000 square meters on the islet of Diaporos, off Halkidiki, was launched by Stavros Andreadis through his company Stanta. According to the business plan, it will include 13 ground-floor villas and 13 two-story autonomous bungalows – i.e. a total of 76 rooms – which will be […]
As well as moving up a place to 27th overall in Global Innovation Index 2024, Cyprus is also considered to be in second place in Northern Africa and Western Asia region when island economies are included. The Global Innovation Index, also known as GII, is published by the World Intellectual Property Organization (WIPO). The newly […]
Here are the top business stories in Cyprus from the week starting December 2: Paphos mayor Phedonas Phedonos has urged Cypriot businesses to adopt a more international, export-oriented approach, saying that the island can become a starting point from which they can sell products or services to other countries.Speaking of broader economic opportunities, Phedonos, addressing Mindset […]
The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility. In its announcement, the bank detailed key measures such as interest rate reductions and a customer rewards programme, aimed at reducing loan servicing costs to borrowers. “We have […]
By Frederic Pralus The importance of Foreign Direct Investment (FDI) for national economies is undeniable. For countries like Cyprus, with an outward-oriented economic approach, the ability to attract businesses and capital is a critical driver of economic growth and employment opportunities. Cyprus, for several reasons, has caught the attention of companies choosing either to expand […]
Cambodian Prime Minister Hun Manet outlined that Cambodia’s era of full peace is nearly 26 years old, marking the longest period of peace the country has experienced in almost 500 years. The premier spoke on Saturday (Dec. 7) during the opening of the 20th General Assembly of Regional Islamic Da’wah Council of Southeast Asia and […]
In November, the Council for the Development of Cambodia (CDC) endorsed 40 new investment projects and 3 production expansion projects with a total investment capital of $940 million, generating some 39,000 job opportunities for the locals. The CDC pointed out in a press release this afternoon that 11 of the approved investment projects are located […]
Cambodia’s construction sector attracted nearly $80 billion of investment capital over 24 years from 2000 to 2024, according to the annual report from the Ministry of Land Management, Urban Planning and Construction (MLMUPC), released in late November. MLMUPC’s report said, that from 2000 to 2024, the ministry has issued construction permits for 67,696 projects with […]