While the construction of the new Paphos-Polis Chrysochous highway has faced delays, a parallel issue is causing concern among local residents and stakeholders. The project’s impact on land values and property prices in areas along the new highway’s route is becoming increasingly central to discussions. Landowners and developers in the construction and real estate sectors […]
In Cambodia, everybody is looking forward to Bon Om Touk. If your Khmer is a bit rusty, this means the mid-autumn New Moon Water Festival, celebrated in late October. This fervent, noisy, firework-banging festival has multiple, colourful meanings. For a start, it marks the end of the endless summer rain – which turns everyone’s laundry […]
The Kingdom’s pride and glory Angkor Wat has achieved a new pinnacle of glory, being named Asia’s numero uno pick as the most photogenic UNESCO site. Prime Minister Hun Manet made the announcement with a flourish on Sunday on his official Telegram channel. He also attached a screenshot of the list by leading UK travel […]
World famous YouTube influencer IShowSpeed – currently in Cambodia for the Gumball 3000 Rally – celebrated in front of a crowd of adoring Cambodian fans as he reached the milestone of 30 million YouTube subscribers. The star was heard to exclaim ‘”Oh my god! Five hundred subs! Three hundred subs! Oh my god! One hundred! […]
Cambodia has introduced a new online platform, Cambodia e-arrival, aimed at simplifying the arrival process for international travellers. This innovative system is expected to bolster tourism, attract investors and enhance security in the digital age, tourism insiders said. The Cambodia e-Arrival is a new system designed to make the process easier for arrival to the […]
The Council for the Development of Cambodia (CDC) Saturday announced that under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia (RGC) of the Seventh Legislature has attracted $7.5 billion of investment capital over one year period, marking a 161 percent rise compared to the same duration by the previous government. Chea […]
Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 23.33 percent in the first eight months of this year, compared to the same period last year, earning the country $9.08 billion, according to the latest trade data of the General Department of Customs and Excise (GDCE). The GFT exports, the biggest export earner […]
The scale of the Cypriot economy has already exceeded the current demographic potential of the country, Minister of Labour and Social Insurance, Yiannis Panayiotou has said. He was addressing a conference in Nicosia on technical and vocational education and its connection with the labour market. “The size of the Cypriot economy has already exceeded the existing demographic […]
Total employment in the broad public sector reached 75,714 in the second quarter of 2024, marking an increase of 2,388 persons (3.3%) compared to the same period in 2023, CySTAT has announced. Employment in the General Government sector was 70,011, while Publicly Owned Enterprises and Companies employed 5,703 people. Within the General Government, which includes […]
The job vacancy rate for the second quarter of 2024 stood at 3.0%, consistent with the rate recorded in the first quarter of 2024 and slightly higher than the 2.9% rate recorded in Q2 2023. According to data released by CySTAT, the number of job vacancies in the second quarter of 2024 rose to 13,778, […]
Fitch Ratings on Monday upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) to “bb” from “bb-“. According to the agency, this follows the recent upgrade of Eurobank S.A.’s Long-Term Issuer Default Rating (IDR) to “BB+” from “BB”. Eurobank, which holds a 55.9 per cent stake in Hellenic Bank, is […]
50 women entrepreneurs recently celebrated the launch of the Academy for Women Entrepreneurs (AWE) 2024, marking the second year of the programme’s implementation in Cyprus. The event, which took place on Friday, September 13, was attended by various alumni from last year’s programme, as well as local stakeholders. The AWE Academy, implemented in Cyprus by […]
Cyprus’ competition watchdog has ruled that competition in the country’s banking market remains healthy, approving Eurobank’s acquisition of a 26.1 per cent stake in Hellenic Bank. With the transaction, Eurobank now controls 55.9 per cent of Hellenic Bank shares. The Commission for the Protection of Competition’s (CPC) decision, which was made public in the Official […]
Business accelerator Kinisis Ventures on Monday announced the launch of Kinisis Venture Fund II (KVF II), a new investment fund under the KV Kinisis Ventures Fund in Cyprus. According to an official announcement, the new fund seeks to build on the success of its first fund and recent US partnerships. In addition, the move seeks […]
Cyprus, the sun-soaked Mediterranean island, has long been known for its pristine beaches and ancient ruins. But in recent years, a new attraction has been drawing a different kind of visitor: entrepreneurs and investors looking to tap into the country’s growing startup ecosystem. While the island’s favourable tax regime has certainly played a role in […]
Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of this year. The projection was revealed by Santo Darmosumarto, Ambassador […]