Cyprus Central Bank outlines three-pillar strategy for 2025-2026

Cyprus Central Bank outlines three-pillar strategy for 2025-2026

The Central Bank of Cyprus (CBC) has unveiled a new strategic framework for 2025-2026, built upon three pillars comprising specific actions aimed at institutional evolution, operational efficiency and modernisation. Central Bank Governor Christodoulos Patsalides, speaking at the “Credit Risk Management Conference – ESG Impact on Credit Risk: Navigating Through Challenges”, emphasised that rapidly changing economic, social, technological and […]

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CDC promotes Cambodia’s investment potential among Japanese investors in Thailand

CDC promotes Cambodia’s investment potential among Japanese investors in Thailand

The Council for the Development of Cambodia (CDC) has promoted Cambodia’s investment potential and opportunities among Japanese businesspeople and investors through the “plus-one strategy” mechanism, at the Cambodia Investment Seminar as Thailand +1, held in Bangkok, Thailand late last week. Sun Chanthol, Deputy Prime Minister and the CDC’s First Vice President, raised Cambodia’s favourable investment […]

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Cyprus observatory shortlisted for global architecture award

Cyprus observatory shortlisted for global architecture award

The National Observatory of Cyprus has been named a finalist at the 2024 World Architecture Festival in Singapore, competing against projects by leading firms including Zaha Hadid Architects and Foster + Partners. Designed by Cypriot practice Kyriakos Tsolakis Architects, the observatory in Agridia village will be presented in the ‘Completed Projects’ category by partner Elena K. Tsolakis […]

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Cambodia, China strengthen digital economy cooperation

Cambodia, China strengthen digital economy cooperation

The 2024 China-Cambodia Digital Economy Cooperation Forum and the inauguration of the China-Cambodia Digital Economy Professional Association marked a significant milestone in deepening digital cooperation between the two nations. Held on Monday at the Sofitel Phnom Penh Phokeethra, the event brought together high-ranking Cambodian and Chinese officials, including Deputy Prime Minister Aun Pornmoniroth, who emphasized […]

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Siem Reap top tourist spot for Australians in 2025, says report

Siem Reap top tourist spot for Australians in 2025, says report

Siem Reap in Cambodia will be the most sought-after tourist destination for Australians next year, according to Skyscanner’s Travel Trends 2025 report quoted by SBS News recently. This surge in popularity is largely driven by the region’s rich culture, stunning temples, delicious food, diverse entertainment activities, and favourable weather, the report said. According to it, […]

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Cyprus Shipping Chamber supports a joint statement for clean fuel production

Cyprus Shipping Chamber supports a joint statement for clean fuel production

The Cyprus Shipping Chamber has expressed its strong support to a joint statement by the European Community Shipowners’ Associations (ECSA) and the European green transport advocacy group Transport & Environment (T&E). The joint statement calls on EU policymakers to prioritise clean fuel production as a crucial component of the upcoming Clean Industrial Deal and emphasises the urgent need […]

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Pasydixe appoints first general manager to better support hotels

Pasydixe appoints first general manager to better support hotels

The Hotel Professionals of Cyprus (Pasydixe) on Monday appointed Polis Kallis as its first general manager, according to an official announcement. The announcement explained that the new role is aimed at reinforcing the association’s structure, combined with providing better support for hotel professionals across Cyprus. Pasydixe, part of the Cyprus Chamber of Commerce and Industry […]

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Angkor Park records 28% increase in tourist visits

Angkor Park records 28% increase in tourist visits

The renowned Angkor Archaeological Park, Cambodia’s premier tourist destination, has witnessed a substantial increase in foreign visitor arrivals during the first ten months of this year. According to Angkor Enterprise which oversees the Angkor entrance pass sales, the Archaeological Park received 774,203 foreign tourists in the first ten months this year, a year-on-year increase of […]

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Cambodia earns nearly $36M from Angkor, Koh Ker, and Chong Khneas ticket sales in first 10 months of 2024

Cambodia earns nearly $36M from Angkor, Koh Ker, and Chong Khneas ticket sales in first 10 months of 2024

Cambodia generated nearly $36 million from ticket sales to the Angkor Archaeological Park, Koh Ker, and Chong Khneas Tourism Port in the first ten months of 2024, according to a press release issued by Angkor Enterprise on November 1, 2024. During this period, 774,203 foreign tourists purchased tickets to visit the Angkor Archaeological Park and […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a recent Eurobarometer survey published by the European Commission. The survey highlighted the need for targeted support to help SMEs expand […]

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Cambodia is surging the tourism sector with Visa free travel for 11 countries including Thailand,Vietnam,Indonesia, Malaysia and Seychelles

Cambodia is surging the tourism sector with Visa free travel for 11 countries including Thailand,Vietnam,Indonesia, Malaysia and Seychelles

Cambodia is boosting its tourism sector with visa-free travel for 11 countries, including Thailand, Vietnam, Indonesia, Malaysia, and Seychelles as of October 2024. This initiative enhances regional connectivity and invites more visitors to explore Cambodia’s rich cultural heritage, stunning landscapes, and historic sites. Located in Southeast Asia, Cambodia is known for its deep-rooted history from the […]

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