IMO developing global strategy for maritime digitalisation

IMO developing global strategy for maritime digitalisation

The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that harnesses emerging technologies to turbo-charge efficiency, safety and sustainability in the shipping industry. A roadmap for digital transformation  During its 49th session in London from 10 to 14 March, IMO’s Facilitation Committee (FAL) outlined a work plan for developing the IMO […]

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A major new airport to serve Cambodia’s capital and boost tourism is due to open in July

A major new airport to serve Cambodia’s capital and boost tourism is due to open in July

KANDAL, Cambodia — Cambodia expects that its new airport serving the capital will open in July, a project official said Friday, in a major step forward in boosting the country’s lucrative tourism sector, whose growth was interrupted by the coronavirus pandemic. Work on Phnom Penh’s new airport, officially known as the Techo International Airport, began in […]

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Green light for €22 million high-rise project in Limassol

Green light for €22 million high-rise project in Limassol

The environment department has given the green light to a €22 million high-rise building set to be constructed along the Limassol coastline. The proposed building, to be developed by by P.G. Economides Properties Ltd, will stand at a height of 87 metres and will comprise a mixed-use office and commercial space. According to the architectural plans, the development will feature a […]

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Cyprus pushes for inclusive, competitive shipping at European summit

Cyprus pushes for inclusive, competitive shipping at European summit

Deputy Minister of Shipping Marina Hadjimanolis attended the European Shipping Summit (ESS) this week, where she underlined the need to enhance competitiveness and inclusivity within European shipping. The event, held in Brussels on March 19-20 by the European Shipowners’ Association, featured Hadjimanolis in a panel discussion titled ‘Building Industrial Capacity: the skills challenge.’ During this session, she stressed the importance […]

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Chinese firms eye investment in Cambodia

Chinese firms eye investment in Cambodia

Two Chinese companies, one an industrial park management firm and another electric storage battery manufacturer, Wednesday evinced interest in exploring investment opportunities in Cambodia. The companies expressed their keenness to invest during a meeting with Hean Sahib, Advisor to the Prime Minister and Chairman of the Investment Promotion Working Group for Preah Sihanouk at the […]

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Air arrivals set to grow 5%

Air arrivals set to grow 5%

The first solid data on airline scheduling and flight reservations for this year’s summer season are pointing to another great year for Greek tourism.  The converging estimates of experts point to an increase in international air arrivals of around 5%, along with a smaller increase in travel receipts. Based on current data for the April-October […]

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George Papanastasiou: Energy storage and hydrogen solutions align with Cyprus’ regional ambitions

George Papanastasiou: Energy storage and hydrogen solutions align with Cyprus’ regional ambitions

Energy storage and hydrogen solutions align perfectly with Cyprus’ regional ambitions, as we promote the Mediterranean as a green corridor for energy transmission between EU and non-EU countries, Minister of Energy, Commerce and Industry George Papanastasiou said addressing the Energy Storage and Hydrogen Solutions conference in Nicosia. The Minister remarked that innovative storage solutions will […]

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Hej! IKEA mulling entry into Cambodia

Hej! IKEA mulling entry into Cambodia

Swedish-based company IKEA, which specialises in the production of furniture and household items, sees Cambodia as a potential location for investment expansion. The Swedish giant already has a presence in five countries around the region. Chea Vuthy, secretary-general of the Council for the Development of Cambodia (CDC), met with a delegation from IKEA led by […]

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Moneygate: Seamless Financial Transactions for Businesses

Moneygate: Seamless Financial Transactions for Businesses

In today’s fast-paced business world, managing financial transactions efficiently, securely, and cost-effectively is crucial. Whether you’re dealing with cross-border payments, multi-currency transactions, or corporate expenses, having the right financial partner can streamline operations and save time. This is where Moneygate comes in – a trusted electronic money institution providing businesses with cutting-edge financial solutions designed for modern enterprises. Why Businesses Choose Moneygate […]

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Energean expands gas sales deals, securing $20bn in long-term contracts

Energean expands gas sales deals, securing $20bn in long-term contracts

Hydrocarbon exploration and production company Energean announced on Thursday its audited full-year results for the year ended December 31, 2024. Mathios Rigas, Chief Executive Officer of Energean, stated, “During 2024, we have continued our growth trajectory with FY 2024 Group production rising by 24 per cent to 153 kboed, of which 112 kboed came from our flagship Karish and Karish North […]

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Cyprus SMEs call for fairer tax rules on innovation and investment

Cyprus SMEs call for fairer tax rules on innovation and investment

The Cyprus Association of Research and Innovation Enterprises (CARIE) has put forward a number of proposals for enhanced tax incentives and relief measures for innovative businesses. These proposals were submitted to Finance Minister Makis Keravnos and Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou. These proposals, the association explained, seek amendments to the income tax law […]

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