Tourism revenue in September 2024 recorded a 6% increase, compared to September last year. For the first nine months of 2024 an increase of 4.9% was also recorded, compared to the same period in 2023. Based on the results of the Passengers Survey carried out by Cystat, revenue from tourism reached €454.1m in September 2024, recording an […]
Deputy Tourism Minister satisfied with the results, optimistic for 2025 Tourism revenue in Cyprus reached €454.1 million in September 2024, according to the statistical service’s passenger survey. This marks a 6 per cent increase compared to September 2023, when tourism revenue stood at €428.4 million. For the first nine months of 2024, total tourism revenue was estimated at €2.58 billion, […]
Cyprus recorded a general government surplus of €1.43 billion, equivalent to 4.2 per cent of GDP, between January and October 2024, according to a report from the statistical service. This was more than double the surplus of €664.8 million, or 2.1 per cent of GDP, reported for the same period in 2023. According to the report, this increase […]
Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking a significant expansion of its operations in the Cypriot market. On November 27, 2024, PHL confirmed that MED ENERGYWISE LTD, a wholly owned subsidiary, signed an agreement […]
The electric vehicle (EV) sector has been identified as one of the sectors with high potential to contribute not only to environmental protection and public welfare improvement but also to economic diversification and energy security promotion. Peng Ponea, Minister of Public Works and Transport, made the remarks yesterday while presiding over the 3rd Meeting of […]
According to a report issued Thursday by the Ministry of Public Works and Transport (MPWT), Cambodia had registered 2,513 electric cars or electric vehicles (EVs) as of October 2024. The three most popular EV brands in the Southeast Asian country are China’s BYD, Japan’s Toyota, and America’s Tesla. Speaking at an EV showcase event at […]
Cyprus President Nikos Christodoulides had a trilateral meeting at the Presidential Palace with King Abdullah II of Jordan and Prime Minister Kyriakos Mitsotakis of Greece. The leaders had a working lunch on 27 November, in the context of the 4th Trilateral Summit between Cyprus – Greece – Jordan, after which memoranda of understanding in the fields […]
Cyprus-based Ralliton and global software provider SoftwareOne Holding AG this week announced that they have entered into a strategic partnership. According to the announcement, the partnership aims to deliver advanced cloud and AI solutions exclusively in Cyprus and Malta, targeting key industries undergoing digital transformation. Under the terms of the agreement, Ralliton and SoftwareOne will […]
President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern economy. Speaking at the opening of the 8th National Skills Competition in Nicosia, Christodoulides underlined the role of skills development in boosting individual potential and strengthening the nation’s economic […]
Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the overall transaction process with CNP Assurances. According to the bank’s statement, the approval was granted during the commission’s session held on November 27, 2024. The announcement follows Hellenic Bank’s […]
Senior Minister Ly Thuch, First Vice President of the Cambodian Mine Action and Victim Assistance Authority (CMAA) and President of the Ottawa Convention 2024, has received different foreign delegations attending the Siem Reap-Angkor Summit on a Mine-Free World. The delegations include those from Norway, Tonga, Thailand, Tajikistan, Cyprus, Ukraine, The Halo Trust, and the Swiss […]
Ancient Cypriot writing was found on a wall dating from the 6th century BC at an archeological dig in Palaepaphos, the department of antiquities said on Wednesday. “The findings that will be revealed from the study of the inscription are awaited with particular interest,” it said of the discovery in the Kouklia-Martsello area. The 2024 […]
The National Committee for Coastal Management and Development (NCCDC) is spearheading a transformative initiative to develop Cambodia’s four coastal zones into thriving economic poles, said a senior official of the Ministry of Land Management, Urban Planning, and Construction. This ambitious project aims to balance sustainable development and well-being of coastal communities, prioritizing livelihoods, health, and […]
Paphos has secured a silver medal in the 2024-2026 Top 100 Green Destinations global rankings, a recognition for coastal quality excellence. The city earned its place after a reassessment by international independent tourism sustainability experts, who evaluated the destination’s commitment to sustainable practices and strategic priorities. The award recognised Paphos’s pristine beaches and the rare […]
Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Kostas Koumis. Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined the importance of tourism for both countries, saying that their natural beauty is a cornerstone of their appeal. “The tourism sector is a major pillar for both economies,” Koumis said. […]
Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an announcement emphasising the company’s commitment to growth and sustainable energy practices. Thanos Patrikis, vice president for the Mediterranean region and Managing Director of VTTI Cyprus, […]