PHNOM PENH: After eight months on the road, Bangladeshi athlete Saiful Islam – known as Shanto – has trekked some 3,000 kilometres from his homeland. He arrived in Cambodia this January. He plans to complete a 12-year mission, walking across 193 countries, with the goal of inspiring people to “Save Trees to Minimise Global Warming” […]
40 per cent of employees earned under €1,500 in the first three quarters of 2024 There was a 5.4 per cent increase in average gross monthly earnings for Cyprus employees in the third quarter of 2024, reaching €2,351, compared to €2,230 in the same period of 2023, according to the state statistical service. Citing preliminary data, the service also reported a 1.3 per […]
In the cutthroat world of travel, where the familiar tourist traps are slowly becoming overcrowded and overexposed, a new trend has emerged: the quest for offbeat travel experiences. China, Singapore, Japan, South Korea, Cambodia, Sri Lanka, Laos, Brunei, Indonesia, Hong Kong, and Taiwan are setting the stage for a revolution in the tourism industry by […]
Brunch a cut above the usual The name Campo de Fiori certainly evokes the delights of Italian cuisine. However, if you visit the restaurant so named in the old town of Paphos before 4pm you can experience a menu called World Breakfast and Brunch. Even so, owners have certainly drawn inspiration from Italy. The menu […]
The Paphos tourism promotion company (ETAP) has launched its road safety campaign for the fourth consecutive year. Titled “Let’s Share Our Roads Safely,” the campaign aims to educate both cyclists and drivers on how to coexist safely on the road. “This knowledge comes from the Highway Code and is approved by the Paphos police department,” said […]
Cambodia’s exports to the European Union and to the United Kingdom jumped more than 20 percent each last year, according to the latest government data. The trade balance with both markets was heavily in Cambodia’s favour. Exports to the EU increased 20.4 percent to $4.4 billion from $3.7 billion in 2023, the Ministry of Commerce […]
Nippon Koei Business Partners Co., Ltd., a Japanese company, has evinced interest in investing in Cambodia’s cashew sector for export, with a particular focus on processing cashew nuts and shells into vinegar and oil, while the remaining waste will be used as animal feed for cows. The company’s interest was expressed on Thursday during a […]
Cambodia exported $4.41 billion worth of goods to the European Union (EU) last year, marking a 20.34 percent increase from $3.66 million recorded in 2023, according to a report from the Ministry of Commerce. The Kingdom’s imports from the EU fell by 3.3 percent to $917 million from $949 million in 2023, as stated in […]
Real GDP growth in Cyprus is estimated to have gained momentum in 2024, strengthening to 3.7%, according to the Economic Outlook of the Economics Research Centre (CypERC) of the University of Cyprus, which has revised it by 0.2%, compared to the October issue. Growth is expected to moderate but remain robust in 2025 and 2026, forecasted […]
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, […]
Tourism revenue showed a large increase of over €206 million or 7.1% for the period January – November 2024, far exceeding tourism revenue for the entire 2023. Revenue in the first 11 months of 2024 amounted to €3.12 billion, compared to €2.91 billion in the corresponding period of 2023. Tourism revenue for the entire 2023 had […]
Cyprus’s tourism revenue surged past 3 billion euros in the first 11 months of 2024, surpassing the entire previous year’s earnings and setting a new industry benchmark, the Statistical Service reported on Tuesday. Tourism revenue reached 3.12 billion euros between January and November 2024, marking a 7.1 percent increase compared to the same period in […]
President Christodoulides has emphasised that “serving the public interest determines all of our decisions” as he announced the government’s plans to modernise public works legislation and introduce a new electronic system to enhance transparency and efficiency in procedures. The statement came as he detailed the administration’s firm stance on terminating problematic contracts and addressing delays in […]
The Cyprus Securities and Exchange Commission (CySEC) on Thursday hosted the plenary meeting of the International Organisation of Securities Commission’s (IOSCO) European Regional Committee (ERC) in Nicosia. The ERC is one of four regional committees established by IOSCO to address regional issues related to securities regulation. The event attracted over 52 participants, with the ERC representing 57 member authorities. […]
CFA Society Cyprus and the Cyprus Compliance Association (CCA) have announced the signing of a memorandum of understanding (MoU). According to the announcement, this aims to “elevate transparency and professional standards in Cyprus’ financial markets“. The agreement, sealed by Andrea Moundi Savvides and Nikos Potamaris, presidents of the CCA and the CFA Society Cyprus respectively, was enacted before […]
Logistics and tech company BOX NOW, which has set new standards in last-mile delivery across Greece, is also rapidly expanding into Cyprus. With substantial backing from Emma Capital Group, BOX NOW has quickly carved out a strategic niche within Greece’s e-commerce sector, focusing particularly on enhancing last-mile delivery solutions. Following an investment exceeding €25 million, […]