Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. The NBC said, the main source of FDI inflows was China; which accounted for 45.6 percent of total FDI inflows to the region. The NBC said the sources for this data were […]
Firm and salty, Halloumi cheese is best when cooked and can stand up to countless preparations, from grilling to frying. This white cheese originated on the Mediterranean island of Cyprus, and is traditionally made with sheep’s milk, though you’ll also find cow’s and goat’s milk versions, or ones that are made with a combination. Halloumi […]
“We predict that real estate prices in the area will rise by double digits in the coming years,” Bell Real Estate Group claimed yesterday (Sunday) at the launch event of its flagship project in Larnaca, Cyprus. The elegant complex, spread over approximately 4 hectares, includes 7 architecturally designed buildings with 304 low-rise housing units, three pools, ornamental […]
Freedom Holding Corp. (FRHC), the parent company of Freedom24, this week reported record-breaking results for the fiscal year ending March 31, 2024. During this period, the holding company’s revenue doubled to $1.6 billion, while net income rose by 82 per cent to $375 million. The significant revenue growth was primarily driven by increases in interest […]
The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by successive credit rating upgrades, according to reports. According to sources cited by the Cyprus News Agency (CNA), there are indications that the ministry’s goal is to […]
‘I don’t know what Paradise is like, but I hope it smells of Cyprus!’ ALIX NORMAN discovers one of the island’s towns has been named a ‘Best-Smelling City’, and asks what aromas most strongly trigger our memories Watch people disembarking from a plane in Larnaca or Paphos, and it’s immediately clear who’s been to Cyprus […]
Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical Service (Cystat) revealed on Monday. Notably, the figures for this period show a rise in tourist numbers to 421,400 from 420,076 in May 2023, […]
Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical Service (Cystat) revealed on Monday. Notably, the figures for this period show a rise in tourist numbers to 421,400 from 420,076 in May 2023, […]
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 […]
Representatives from eight German energy companies will be in Cyprus between 1 – 4 of July, following an initiative of the German Federal Ministry for Economic Affairs and Climate Action. The mission is organised by the Greek-German Chamber of Commerce and Industry with the support of the Cyprus Chamber of Commerce and Industry (CCCI) and […]
Deputy Minister of National Economy and Finance Nikos Papathanasis emphasized at the EU General Affairs Council of cohesion policy ministers that reforms must accompany investments to improve regional competitiveness. The meeting was held on Tuesday in Luxembourg. The session focused on linking the cohesion policy with the EU’s ongoing Strategic Agenda for 2024-2029 and addressing […]
Plans are underway for a €50 million mixed-use development project, “Hyperion Limassol,” at Limassol’s historic Old Port. The project’s centrepiece will be a 36-cabin observation wheel, similar to the London Eye, offering panoramic views from an estimated height of 147 meters above sea level. The project will be constructed on land created by reclaiming the […]
Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday. Thailand was the biggest tourism market for the Kingdom during the period with 588,312 visits from the neighbouring country, though it constituted a year-on-year […]
Prime Minister Hun Manet yesterday called for acceleration of modernisation of Phnom Penh city with the latest technologies, modern and smart devices including security cameras, solar panels and automatic irrigation systems in public parks. He told the Phnom Penh Municipal Administration (PPMA) that the capital city must enhance the city’s beauty and attractiveness and aspire […]
Prime Minister Hun Manet said yesterday that the Cambodian economy will grow in 2024 and achieve even higher growth in 2025, with all sectors showing fast recovery. Mr Hun Manet was speaking during the groundbreaking ceremony for the construction of the twin flyovers at Samdech Techo Hun Sen Blvd, on the border between Phnom Penh […]
Cambodia reported more than 2.5 million air travelers during the first five months of 2024, a year-on-year increase of 22 percent, Mao Havannall, minister in charge of the State Secretariat of Civil Aviation, said on Sunday. He said thirty-one international and domestic airlines have operated flights to the kingdom’s three international airports. Havannall added that […]