Cyprus’ main exports for 2023 included mineral fuels and oils, halloumi and pharmaceutical products, according to CySTAT. In an infographic published on 26 March, CySTAT shows that Cyprus exported €508.39 million of domestically produced goods to EU countries and another €1.84 billion to third countries. The main products that Cyprus exported to EU countries were pharmaceuticals at […]
Cyprus took part in the International Food and Drink Event (IFE) this week, promoting a number of products at the three-day international food and beverage event, that opened its doors on Monday at the ExCel exhibition centre in London. According to a statement released on Tuesday, the Ministry of Energy, Commerce, and Industry, in collaboration with the […]
The Chartered Financial Analyst (CFA) Society Cyprus recently held an educational interactive day focused on private equity and investment funds. The event involved the presence of members of the association, along with high-ranking executives of auditing and consulting firms. According to an announcement by the CFA Society Cypruts, the topic of the seminar was presented by Steve Balaban, […]
The Finance Ministry on Wednesday released a statement welcoming the outcomes of the European Commission’s recent in-depth review, highlighting that they “demonstrate the government’s sound economic policies and efforts to address the macroeconomic imbalances facing the Cypriot economy”. The European Commission’s report, released earlier this week, noted that Cyprus’ economy is on a healthy trajectory, expecting both GDP to grow and […]
April is a beautiful month known for its pleasant weather. The month is all about the beauty of nature at its best. Cambodia is beautiful during this month and makes it perfect for exploration. If you’re planning to visit Cambodia in April, you’re in for a treat! April is a great time to explore Cambodia, […]
Cambodia and Indonesia have committed to enhancing their commerce and investment collaboration, with trade between the two nations reaching over $190 million in the first two months of 2024, showing a modest increase compared to the same period in 2023. This pledge was made during a March 26 meeting between Sun Chanthol, first vice-president of […]
Laos-China Railway Co., Ltd. (LCRC), a joint venture based in Lao capital Vientiane, has reportedly received a green light from the Cambodian Government for possible cooperation in developing the railway network in Cambodia and high-speed railway link between Cambodia and Laos PDR. Representatives from the Laos-China Railway proposed the project in a meeting with Prime […]
AG Agribusiness Asia (Cambodia) Co., Ltd. and ING Holdings Co., Ltd. have collaborated to launch a state-of-the-art corn farm in Siem Reap province, integrating Australian and other international standard agricultural technology and techniques to drastically improve corn yields in the province compared to traditional farming methods. Situated in Chea Sman village, Meanchey commune, Prasat Bakong […]
The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday successfully held its ‘Cyprus-Estonia: Promoting Bilateral Collaborations‘ event, as part of the official visit of the President of Estonia Alar Karis to Cyprus. According to a Keve statement, the main aim of the event was to strengthen bilateral relations and foster partnerships between Cypriot and Estonian businesses […]
Cambodian exports to Japan constituted over two-thirds of total bilateral trade between the two nations in the first two months of 2024, as per the General Department of Customs and Excise (GDCE). Between January and February, their bilateral trade was valued at $325.65 million, a 9.3% rise from $298.06 million during the same period of […]
Deputy Minister of Tourism Kostas Koumis this week said that “a sustainable destination is one that respects both its visitors and its own resources, both natural and human”. Koumis’ comment came during his participation at the annual tourism conference organised by the Association of Cyprus Tourist Enterprises (Stek). This year’s event, held in Nicosia, revolved around the […]
Cambodia has become a key exporter in the global food security landscape, exporting upwards of 650,000 tonnes of milled rice over 2.7 million tonnes of unmilled rice to more than 50 destinations in 2023. As a key food producer, the Kingdom has established a long-term vision to enhance its contribution to global food security. This […]
International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. “The Stable trend balances favourable economic and fiscal developments against important downside risks,” the agency said in a press release on 23 March. According to the Canada-based agency, Cyprus has […]
Cyprus’ main exports for 2023 included mineral fuels and oil, halloumi and pharmaceutical products, according to the Cyprus Statistical Service (CyStat). In an infographic published on Tuesday, CyStat shows that Cyprus exported 508.39 million euros of domestically produced goods to EU countries and another €1.84 billion to third countries. The main products that Cyprus exported […]
Cyprus aims to conclude construction works for the Liquified Natural Gas (LNG terminal in Vasilikos by the end of 2024 as this would assist the efforts to reduce electricity generation costs Minister of Energy George Papanastasiou said on Monday. Construction works for the LNG terminal was halted in the end of January, with the Chinese-led consortium […]
The Republic of Cyprus and the United States of America have announced a Justice System Cooperation in order to Enhance Cypriot Capabilities to Counter Illicit Finance. According to a Joint Press Release, “in response to a request from President Christodoulides, to further empower the Republic of Cyprus (ROC) to counter illicit finance, the United States […]