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, […]
Affordable cities are gaining momentum in real estate as shifting work trends and rising demand reshape the market landscape, according to Ask Wire CEO and co-founder Pavlos Loizou. In a piece of analysis released on Thursday, Loizou said that while traditional property powerhouses such as Athens, Thessaloniki, and Limassol continue to attract attention, smaller cities […]
Cambodia’s insurance industry reported a gross premium of $356.4 million in 2024, an increase of 3.5 percent from $344.2 million the previous year, according to a report by the Insurance Regulator of Cambodia (IRC) released on Wednesday. The growth was driven by 18 general insurers, 14 life insurers, seven micro-insurance companies, and one reinsurance firm. […]
Cambodia exported a total of $13.92 billion worth of garments, footwear, and travel goods (GFT) in 2024, marking a significant increase of 23 per cent compared to 2023, according to a report from the Ministry of Commerce. The report stated that garment exports were valued at $9.79 billion last year, reflecting a year-on-year increase of […]
The International Monetary Fund’s latest outlook for the Cambodian economy forecasts growth to increase to 5.8 percent this year from 5.5 percent last year, but warns of serious downside risks from external and domestic factors. “Cambodia’s economy has continued to recover, albeit at a modest pace,” it said in the outlook released on Monday. “The […]
Cambodia will attract significant numbers of Chinese tourists this year, said the Cambodia-China Friendship Association (CCFA) on Friday. The assurance comes in the wake of the promotional efforts launched by the CCFA and the Ministry of Tourism’s strategic plan to attract Chinese tourists. Speaking to a local media outlet, President of CCFA Ek Sam Ol […]
The Council for the Development of Cambodia (CDC) and the Australian Embassy in Cambodia held a meeting on Tuesday to discuss the possibility of organizing a mission to promote and attract investment from Australia. The meeting was attended by Suon Sophal, Deputy Secretary General of the Cambodia Investment Board of the CDC, and Carolyn Bagster, […]
With the gradual recovery of the global economy, the Cambodian economy in 2025 is expected to continue growing at a rate of 6.3%, indicating a return to pre-COVID-19 growth levels. This projection was announced during the 45th Central Committee Congress of the 5th Mandate of the Cambodian People’s Party, which was released on the evening […]
The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 2.3% in December 2024, following the year-over-year increases of 2.2% and 2.0% recorded in November and October 2024, respectively. The CCLEI maintained its upward trajectory in December 2024, with the majority of its leading economic variables (namely, the Cyprus ESI, tourist arrivals, credit […]
The decision of the Halloumi Monitoring Committee to extend the 15% quota on mixed Halloumi until the end of February proves that it is fulfilling its mission to the fullest. One of its goals is to safeguard exports of PDO Halloumi, with the President of the Republic and the Minister of Agriculture upholding their commitment […]
Available rental properties across Cyprus have reached 4,484 units, with apartments averaging €1,803 and houses €3,249 monthly, according to new data released by Landbank Analytics for January 2025. The analysis reveals a significant regional price disparity, with Limassol commanding the highest rents. The city accounts for 45% of available apartments nationwide, with an average monthly […]
The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre of the University of Cyprus (CypERC), recorded a year-on-year increase of 2.3 per cent in December 2024. This marks a steady upward trajectory, following growth rates of 2.2 per cent in November and 2 per cent in October 2024, according to revised […]
To tackle traffic congestion and improve urban development, the municipalities of Limassol, Amathus, and Polemidia have teamed up on a collaborative spatial planning initiative, aimed at enhancing the city’s organisation while preserving the environment. The Limassol Chamber of Commerce & Industry (Evel) has shared comments by Amathus mayor Kyriakos Xydias, who said that “the initiative […]
Kolkata: IndiGo is set to announce a flight from Kolkata to the Cambodian temple town of Siem Reap. The proposed flight will link Kolkata with Cambodia’s second-largest city, which is famous for Angkor Wat, the world’s largest religious structure spread across 402 acres.Sources in the airline said the flight to Siem Reap would start sometime in […]
A host of capital hopefuls, from universities to major brands will be expecting to make a splash in the city centre over the coming months, marking a new era for one of the country’s most historic and significant commercial areas. Investor interest must surely be the most accurate indicator of development and the heart of […]