Global olive oil markets are experiencing a shift, marking a departure from the past two years when drought and heatwaves led to reduced production and soaring prices. Producer prices have dropped sharply across major trading hubs, as markets attempt to stabilise at historical levels following a return to normal production volumes. However, industry experts say attention must now […]
The cabinet approved a comprehensive action plan to combat drought and water scarcity, Agriculture Minister Maria Panayiotou announced Thursday. The programme includes 28 actions – seven immediate, eight medium-term, and 13 long-term measures – aimed at strengthening water security and infrastructure across the island. It complements a national water infrastructure investment plan worth over 1 billion euros […]
A new green space in the heart of Larnaca, the Salina Park, will welcome its first visitors this Saturday, November 23. The 14,000-square-metre park, situated adjacent to the Municipal Garden, features a central ornamental lake with a fountain as its centrepiece. The project, which cost €2.4 million, was co-funded by the EU. Designed by architect Elena Sofianou-Olympiou […]
Prime Minister Hun Manet yesterday assured foreign investors that their investments are safe in Cambodia, as it provides a stable environment for businesses. Mr Hun Manet said this while attending a meeting and a solidarity dinner with global entrepreneurs from the Lin Family, at the Koh Pich Convention and Exhibition Centre in Phnom Penh. “Business […]
Trade volume between Cambodia and China reached $12.37 billion in the first ten months of 2024, up 23 percent from $10 billion recorded in the same period last year, a report from the General Department of Customs and Excise showed. China continues to be Cambodia’s top trading partner, followed by the United States, Vietnam, Thailand […]
The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’s latest financial results, €131 million of this amount was generated during the third quarter. “We continue to generate strong financial and operational results and are well positioned to […]
Cyprus is gaining momentum as a filming destination, supported by strategic efforts from Invest Cyprus to draw high-profile productions to the island. According to the investment promotion agency, the are 13 major projects currently underway. The current slew of projects include six films, six reality shows, and an English TV series, highlighting the impact of Cyprus’ […]
Phnom Penh, November 12, 2024 – Cambodian Prime Minister Hun Manet hosted a solidarity dinner this afternoon with prominent “Lin” entrepreneurs from around the world, aimed at fostering economic relations and attracting foreign investment to Cambodia. The event brought together 220 international guests, including members of the World Linen Chamber of Commerce from various countries […]
Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of unnecessary and damaging disputes, which had caused numerous issues and uncertainty for the future of both the bank and its staff,” said Etyk in a […]
Larnaca, Cyprus, 12 November, 2024 – The Honorary Consulate of Cambodia in Cyprus proudly celebrated Cambodia’s Independence Day on November 8 at the luxurious Radisson Beach Hotel. The event drew an impressive roster of esteemed guests, including representatives from the Ministry of Foreign Affairs, Cypriot government officials, and business leaders. Notable attendees included: Ms. Koula […]
The year 2024 has brought new challenges and opportunities for the Kingdom’s luxury tourism sector. This segment of the industry, according to business insiders, is witnessing a tremendous transformation in the country with a greater number of travellers preferring it along with sustainable tourism. Over the years, Cambodia has also seen a rise in the […]
An official report released on Monday said Cambodia exported products worth $21.57 billion in the first 10 months of 2024, up 16 per cent from $18.59 billion in the same period last year. The General Department of Customs and Excise report said the main exported items included garments, footwear, travel goods, bicycles, car tires, and […]
The State Secretariat of Civil Aviation (SSCA) has announced the addition of six new flight routes connecting Cambodia to various destinations during the peak season of tourism starting this month. The new routes are Phnom Penh-Sihanoukville-Phu Quoc by Cambodia Air, Siem Reap Singapore by Air Asia Cambodia, Phuket-Siem Reap by Air Asia Thailand, Bangkok-Siem Reap […]
Three tyre factories in the country are capable of processing around 200,000 tonnes of Cambodian rubber latex annually, said Khun Kakada, Deputy Director General of the General Directorate of Rubber of Ministry of Agriculture, Forestry and Fisheries (MAFF), recently. The three factories are Cart Tire Co., Ltd., located in Bavet City, Svay Rieng Province, General […]
The total number of government employees in Cyprus reached 54,884 in October 2024, according to a statistical service report released on Monday. This figure marks a significant year-on-year increase, largely due to the addition of casual staff in the educational service. The average employment for January to October 2024 stood at 54,128 people, up by […]
Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of unnecessary and damaging disputes, which had caused numerous issues and uncertainty for the future of both the bank and its staff,” said Etyk in a […]