Cambodia and Vietnam are on track to exceed $10 billion in trade by the end of 2024, said Vietnam’s Ambassador to Cambodia Nguyen Huy Tang. During the COVID-19 pandemic, two-way trade between the two countries was at $5.32 billion in 2020. But the figure went up to $9.53 billion and $10.57 billion in 2021 and […]
The construction of the $1.5 billion first phase of the Techo International Airport (TIA) has entered the final stage and is 78 percent complete as of June 16. The airport will be ready for commencing operations by February end of next year. The work progress of the TIA was shared yesterday by Pung Kheav Se, […]
Here are the top business stories in Cyprus from the week starting June 17: The Finance Ministry is contemplating a return to financial markets, aiming to capitalise on the Cypriot economy’s robust momentum highlighted by successive credit rating upgrades. Reports suggest the issuance of a ten-year bond is being considered, with specifics to be finalised […]
Women leaders are redefining what it means to steer enterprises successfully with compassion, ethics and respect By spotlighting the accomplishments of women in the sector and showcasing a variety of role models, media coverage can motivate young girls and women to pursue technology careers and believe in their potential In Cyprus, a remarkable transformation is […]
A delegation of eight German companies specialising in energy-saving solutions for buildings is visiting Cyprus from July 1 to 4, 2024. The initiative, led by the German Federal Ministry for Economic Affairs and Climate Action (BMWK), aims to foster collaboration with Cypriot businesses in energy efficiency upgrades. The German companies offer solutions for various sectors, […]
The Paphos Regional Tourism Board (Etap) hosted on Monday partners of the SMARTIES for SMEs project, in a move that seeks to bolster the competitiveness and resilience of small and medium-sized enterprises (SMEs) in the tourism sector. The initiative, underpinned entirely by European Union funding, seeks to distribute €375,000 among 15 SMEs to foster their […]
Daily trading volumes on the Cambodia Securities Exchange (CSX) has gone up after months of decline in 2023. The first four months of 2024 saw daily trading volume has been below $200,000. But, trading has now picked up with daily trading volume at $300,000, said Hong Sok Hour, CEO, CSX. “The significant increase in daily […]
The Ministry of Tourism’s new strategy of ‘Uniting for a Collective Vision’ to reposition Cambodia as a leading global destination has started yielding positive results. Going by the latest Tourism Statistics Report of the Ministry, international tourists who arrived in Cambodia touched 2.11 million mark in the first four months this year, reaching 38 percent […]
On the day of the Local Producers and Buyers Marching Forum and Local Products Exhibition in Siem Reap province, senior officials of the One Village, One Product (OVOP) committee urged business owners and the general public to use and buy local products. Siem Reap provincial authority along with Macro Market in Siem Reap, organized a […]
In the bustling markets and vibrant streets of Cambodia, a powerful transformation is unfolding, driven by the country’s female entrepreneurs. From street vendors managing their stalls to innovative businesswomen steering burgeoning enterprises, these resilient women are challenging gender roles and becoming pillars of their communities, transforming challenges into opportunities and leading innovative ventures. According to […]
Invest Cyprus recently welcomed H.E. Shri Manish Manish, High Commissioner of India to Cyprus, and Subhash Jangala, the High Commission’s First Secretary (Income Tax Overseas Unit), to its offices for a productive discussion on the relations between Cyprus and India. Representing Invest Cyprus were Evgenios Evgeniou Chairman, Spyros Vassiliou Vice Chairman, and Marios Tannousis, CEO. […]
The annual growth rate of the Cyprus Composite Leading Economic Index (CCLEI) is marginally positive in May 2024, halting the negative growth observed in the Index in the previous months. The Cyprus Composite Leading Economic Index (CCLEI), constructed and estimated by the University of Cyprus’ Economic Research Centre (CyERC), recorded an annual increase of 0.1% […]
FDI in Cambodia reached 197.8 trillion riels ($48.4 billion) between 2018 and 2023, the National Bank of Cambodia said. The primary source of FDI was China (including Taiwan, Hong Kong and Macao), accounting for 45.6 per cent of total inflows to the country during the period. Manufacturing and the financial sector attracted the highest FDI […]
BBF, Limassol’s top luxury residential developer, successfully sold out four Class A office buildings within the last year. Spanning a total area of approximately 20,000 sq. m., the full sale of bbf: latitude, bbf: liberty, bbf: benchmark, and bbf: summit solidifies BBF’s position as a leading name in Cyprus’s commercial real estate market as well. Due to the high […]
International credit rating agency Standard & Poor’s (S&P) this week upgraded the long-term credit rating of the Bank of Cyprus to BB+ with a positive outlook. This upgrade follows S&P’s recent upgrade of Cyprus’ sovereign credit rating last Friday, which also received a positive outlook. In addition, the agency explained that the upgrade reflects the […]
The Research and Innovation Foundation (RIF) this week announced the launch of a new programme titled “Enterprises Capacity Building in New Product Development.” According to the announcement, this initiative aims to bolster businesses with 30 or more employees, enabling them to recruit qualified personnel and innovate with new products or services. To streamline the process, […]