The Council for the Development of Cambodia (CDC) approved 64 new investment projects and four expansion projects worth $748 million by the end of January. This represents a rise of exactly 300 percent compared to the same period in 2024. As all the capital is directed toward the industrial sector, it is expected to generate […]
Bank of Cyprus has launched a €2 million rewards programme for mortgage holders affected by recent European Central Bank interest rate hikes, the bank announced. The scheme targets 13,000 eligible customers who are members of the bank’s Pronomia loyalty programme, with more than 8,500 already responding to claim their benefits, primarily opting for cash payments. Diamond […]
Energy Minister George Papanastasiou is at the forefront of government initiatives designed to strengthen support for small and medium-sized enterprises (SMEs). These initiatives primarily focus on enhancing their access to finance, as well as the streamlining of procedures through the better use of technology. Currently, the Ministries of Finance and Energy are collaboratively advancing procedures […]
Eurobank Cyprus has renewed its cooperation agreement with Cyprus Seeds, a non-profit organisation focused on the commercialisation of innovative academic research. This is the sixth consecutive year of Eurobank supporting the organisation, something which the bank said “confirms its commitment to promoting innovation and entrepreneurship”. According to the announcement, this partnership aims to bolster the startup ecosystem and ensure […]
Both apartment prices and rental costs in Cyprus increased during the fourth quarter of 2024, rising by 1.3 per cent and 1.5 per cent year-on-year, respectively, according to real estate analytics firm Ask Wire. In its latest report, the company explained that this latest increase in prices is a reflection of strong demand. A closer look at the firm’s fourth-quarter report reveals growth in specific segments, with annual sale […]
The Cambodian Investment Board of the Council for the Development of Cambodia (CDC) convened a meeting on Tuesday to review and discuss applications for the registration of 12 qualified investment projects. The meeting was chaired by Chea Vuthy, Secretary General of the Cambodian Investment Board of the CDC, with representatives from relevant ministries, institutions, and […]
Cyprus Airways will launch direct flights between Larnaca and Venice from May 30 to September 29, 2025, with fares starting at €86 one way, the airline announced on Monday. The twice-weekly service, operating on Mondays and Fridays, adds to the carrier’s expanding Mediterranean network, which includes major European cities and Middle Eastern destinations. The new route […]
The Paphos Leisure Centre Owners Association (SIKAP) has secured significant labour agreements to increase the number of third-country nationals working in the hospitality sector, the organisation’s president and Paphos Deputy Mayor Angelos Onisiforou said. The association has successfully negotiated with the Ministry of Labour to increase the hiring quota for non-EU workers, with approval times expected to […]
A contract for works that will enhance the production capacity of the Asprokremmos refinery by an additional 10,000 cubic metres per day over a period of 12 months, has been signed by the Agriculture Ministry’s Water Development Department and the company Mekel Limited. According to an announcement by the Department, the contract for the ‘Supply, […]
A total of 12 investment projects, with a total capital of $135 million and the potential to create 7,000 jobs, are currently under review by the Council for the Development of Cambodian (CDC). A meeting to evaluate the projects and discuss their eligibility for official registration was held at the CDC headquarters on February 4. […]
Long-haul travelers are setting their sights on Europe in Winter and Spring 2025, but it’s not just the usual hotspots making waves. A new report reveals that Monaco, Luxembourg, Cyprus, Montenegro, San Marino, and Malta are among the top destinations attracting international visitors. These countries are capturing global interest thanks to their rich history, breathtaking landscapes, strong safety […]
A high-level Cambodian delegation led by Hun Sen, the President of the Senate of the Kingdom of Cambodia and President of the ruling Cambodian People’s Party (CPP), will pay an official visit to the Lao People’s Democratic Republic on 6-7 February 2025. The two-day visit has been arranged at the invitation of Saysomphone Phomvihane, President […]
On February 4, commencing at 5:40 p.m. for approximately 20 minutes, Mr. HAYASHI Yoshimasa, Chief Cabinet Secretary, held a meeting with H.E. Mr. Vongsey Vissoth, Deputy Prime Minister and Minister in charge of the Office of the Council of Ministers of the Kingdom of Cambodia, who is visiting Japan upon the invitation of the Ministry of […]
The Royal Group Exchange (RGX), Cambodia’s only authorised digital assets exchange, now boasts a user base of over 3,500 individuals exactly a year after its inception. The trading platform using blockchain technology was launched in January last year, marking the beginning of a new history in Cambodia’s financial landscape. It has also become the first […]
Dith Tina, Minister of Agriculture, Forestry and Fisheries (MAFF), yesterday said that Cambodia is open to all investors who are interested in investing in the agricultural sector. Receiving a courtesy call from Professor Wendy Umberger, Chief Executive Officer of the Australian Centre for International Agricultural Research (ACIAR), at the ministry, Tina said, “Cambodia is open […]
Siem Reap, Cambodia – Angkor Wat, a UNESCO World Heritage Site and one of the most iconic symbols of Cambodia, continues to captivate travelers from around the globe in 2025. Renowned for its stunning architecture and deep historical roots, Angkor Wat has once again been named the most famous tourist attraction in the world, solidifying […]