The government has signed an agreement with Hermes Airports for a €170 million expansion of Larnaca and Paphos airports, officials said Monday. Work is expected to begin by March 2025. The infrastructure projects will take 30 months to complete at Larnaca airport and 27 months at Paphos airport. Hermes has secured financing from local banks […]
Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the Economics Research Centre (CypERC) at the University of Cyprus, recorded an annual increase of 1.2 per cent in November 2024. This marks the third consecutive month of growth, following similar rises of 1.2 per cent in October and 1.0 per cent in September, according to recently […]
The Paphos Regional Board of Tourism (Etap) has welcomed the signing of a new agreement for the second phase of infrastructure development at Larnaca and Paphos airports. In a statement released following the signing of the new agreement, Etap expressed satisfaction that longstanding operational issues and strategic demands related to Paphos airport are finally being addressed. “For Paphos Airport, […]
Personalisation and sustainability key to marketing success Blackbook Agency founder and managing director Eleftheria Voskaridou spoke with the Cyprus Mail about the future of marketing and the key trends shaping the industry in 2025. With nearly two decades of experience in strategic marketing and communication, she has worked on a range of projects across Cyprus […]
The value of wholesale trade activities in Cyprus saw an increase in the third quarter of 2024 compared to the same period last year, according to the state’s statistical service. The Wholesale Trade Turnover Value Index (Sector 46) recorded a rise of 4.6 per cent during Q3 2024, marking a notable improvement over the third […]
Prime Minister Hun Manet on Friday said that the Council for the Development of Cambodia (CDC) approved 414 investment projects worth $6.90 billion in 2024, an increase of 40 percent compared to $4.92 billion last year. The information was shared during the Premier’s first official meeting with CDC which was participated by Sun Chanthol, Deputy […]
Cambodia attracted 6 million international tourists during the first element months of 2024, a year-on-year increase of 22 percent, a report released by the Ministry of Tourism showed on Monday. According to the report, Thailand emerged as the top source market for foreign tourist arrivals in Cambodia from January to November with 1.91 million visitors, […]
This year’s passenger traffic at Larnaca and Paphos airports has exceeded 12 million people, Hermes Airports has said. “A new historical milestone has been achieved for the international airports of Larnaca and Paphos, as today, Friday, 20 December, passenger traffic exceeded 12 million total passengers for the first time,” Hermes noted in a press release […]
The Turnover Value Index of Wholesale Trade and of trade/repair of motor vehicles during the third quarter of 2024 recorded an increase of 4.6% compared to the corresponding quarter of the previous year. According to figures released by CySTAT, for the same quarter, the Turnover Value Index of Sales and Repair of Motor Vehicles recorded an increase […]
Cyprus has pledged €7.16 million to the International Development Association (IDA) during a meeting held in Seoul, South Korea, on December 5, 2024. The commitment is part of a broader fundraising initiative for the 21st replenishment of the organisation’s resources. According to a statement, a representative of Cyprus announced the country’s contribution in an online […]
Invest Cyprus on Monday announced the signing of a memorandum of understanding (MoU) with the Cyprus Space Exploration Organisation (CSEO). The agency, tasked with the purpose of driving foreign investment to Cyprus, said that the MoU represents “another significant step into the space age” for the island. “This collaboration strengthens Cyprus’ position as an international hub for innovation, investment, and […]
The investment climate in Cambodia is showing significant growth in 2024, with promising opportunities and positive growth trends in the coming years, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC). Chanthol confirmed this during a meeting of the Coordinating Committee for the Government-Private Sector […]
Phnom Penh, 21 December 2024: The Ministry of Foreign Affairs and International Cooperation announced that Cambodia has been elected to the Organizational Committee of the United Nations Peacebuilding Commission (OCPBC) for the 2025-2026 term. This decision was made during the 54th Plenary Meeting of the United Nations General Assembly on 19 December 2024, in New […]
Tourist arrivals in Limassol are rising, offsetting the loss of the Russian market, according to Anthi Theocharous, VP of Tourism at the Limassol Chamber of Commerce (Evel). “Limassol absorbed a large percentage of the approximately 800,000 Russian arrivals annually in Cyprus,” Theocharous said. She added that “it is very encouraging that this loss has been […]
Phnom Penh: The Council for the Development of Cambodia (CDC) is in the process of developing a Three-Year Investment Promotion Strategy aimed at fostering an attractive investment climate and enhancing the country’s competitiveness within Southeast Asia. During a high-level meeting held at the CDC’s headquarters in Phnom Penh on December 18, Mr. Sun Chanthol, Deputy […]
In recent years, Cyprus has been positioning itself as a model of economic resilience and opportunity in the Eastern Mediterranean, achieving remarkable milestones in 2024 that solidify its position as a thriving investment destination. Projected to achieve the third-highest growth rate in the eurozone, we’ve coupled this progress with a decline in inflation and an […]