The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have made significant contributions to economic activity, benefiting from increased investment activity. Meanwhile, unemployment, which hovered at around 5 per cent, indicated conditions of […]
Tourism revenue reached €407.9 million in October Tourism revenue in Cyprus reached €407.9 million in October 2024, marking a 17.7 per cent increase compared to the €346.5 million recorded in October 2023, according to the Cyprus Statistical Service. For the January-October 2024 period, tourism revenue totalled €2.983 billion, a 6.5 per cent rise from the €2.803 billion in the same period of 2023. This growth was supported by increased […]
The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will come into effect on January 9, 2025 and cover all banks in Cyprus and the single euro payments area (SEPA). “Customers will be able […]
If the life of law is not logic but experience as Holmes said, the legal fraternity must go around the globe to learn more about cross-border cultural life and natural history, writes Mohan Katarki. A visit to Cambodia during the Christmas holidays by the team of lawyers under the aegis of the Bar Association of India— […]
According to the Cashew Nut Association of Cambodia (CAC)’s report on Tuesday, Cambodia earned $1.15 billion from the exports of raw cashew nuts in 2024, a 31 percent year-on-year rise. The report showed that the Southeast Asian country exported 815,000 tonnes of the commodity in 2024, representing a year-on-year increase of about 24 percent. It […]
For decades, the Larnaca-Dhekelia road was a symbol of industry. The rhythmic hum of oil tankers and the silhouette of towering fuel tanks defined this coastal stretch. But today, a new vision rises from its industrial past—a future brimming with possibility. The Lefkaritis Group were the first to remove their fuel tanks and facilities, paving […]
Limassol and Larnaca municipalities on Monday announced they would let off “silent fireworks” as part of their new year celebrations. “For the first time, Limassol municipality will bring the magic of silent fireworks to the city. This innovative option offers impressive visual effects without the noise pollution of traditional fireworks,” Limassol’s municipality said, adding it […]
King Norodom Sihamoni presided over the premiere of Zhou Daguan in the Kingdom of Chenla, a theatrical performance dedicated to the historical relationship between Cambodia and China on Saturday. The premiere had been held at the Chaktomuk Conference Hall, one day before it was open to the public yesterday. The event saw the presence of […]
A giant inflatable of “Bong Sangha” – a character from the Angkor Sangkranti – is set to delight onlookers in Phnom Penh at New Years Eve. The Bong Sangha float is 6.5 meters high, 7 meters long, and 6 meters wide, and has received a lot of attention from the public who have attended the […]
Paphos on Saturday night hosted a Christmas classic car parade, with cars making their way from the town hall square around the local streets. The municipality said the parade “filled the town’s neighbourhoods with warmth and Christmas magic”, and that it “combined the tradition of classic cars with the spirit of the holidays, offering residents […]
A total of 1.6 million cubic metres of water flowed into Cyprus’ reservoirs in the last four days, water development department representative Yianna Economidou said on Friday. Speaking to the Cyprus News Agency, she said the Kouris reservoir in Limassol saw the largest inflow, with a total of 377,000 cubic metres of water running into […]
Nearly 90 Japanese companies and enterprises registered investments in Cambodia during the first 11 months of 2024, marking a 20.55% increase compared to the same period in 2023. Trade between the two nations also grew to over $1.9 billion during the period. According to the Ministry of Commerce, from January to November a total of […]
Dara Sakor International Airport, which is operated by Coastal Airport Investment Co. Ltd (CAI), began trial operations on the morning of December 26, with the arrival of a chartered flight from Phnom Penh International Airport carrying more than 50 passengers. Located in Kiri Sakor and Botum Sakor districts of Koh Kong Province, Dara the airport […]
The Phnom Penh Governor will launch the pedestrian street along the riverside by the end of January 2025. It starts in front of Cambodia Post Office and stretches to the Royal Palace. The Municipal Administration held a meeting on Wednesday, to review the Walking Street project, which was led by Khuong Sreng, Governor of Phnom […]
Cambodia’s economy is projected to continue its momentum with an expected growth rate of approximately 6.3 percent, according to the Royal Government’s assessment of the medium-term public financial framework for 2025. The assessment was made in the statement on the draft Law on Finance for Management 2025 released by the Ministry of Economy and Finance […]
According to a news release from the National Bank of Cambodia (NBC) on Wednesday, Cambodia’s banking and financial institutions reported slow growth in lending during the first 10 months of 2024. Outstanding loans increased by 2.2 percent year-on-year to $60.9 billion by October this year, the news release said. It added that the growth was […]