The agreement for the sale of Ermes Department Stores’ investment in Superhome Centre DIY was finalised on Monday. In a statement issued by Ermes today, following its previous announcement on January 31, 2025, the company informed shareholders and the investment community that the transaction for the disposal of its stake in Superhome Centre (DIY) Limited […]
Limassol continues to lead the office rental market in Cyprus, with prices averaging €29 per square metre, while Nicosia remains a more affordable alternative at €13 per square metre, according to a report by Landbank Analytics. The analysis, compiled from major real estate platforms in January 2025, provides a comprehensive breakdown of office, retail, and […]
Prime Minister Hun Manet welcomed General Ronald P. Clark, Commander of the United States Pacific Command, for a courtesy call and discussions at the Peace Palace on February 24, 2025. Gen Clark is visiting Cambodia from February 24 to 25 at the invitation of General Mao Sophan, Deputy Commander-in-Chief of the Royal Cambodian Armed Forces […]
Cambodia’s manufacturing sector experienced a robust growth in 2024 with the number of manufactures reaching a new high of 2,316 as of November last year, a report from the Ministry of Industry, Science, Technology, and Innovation showed. The report issued last week showed a significant increase of 210 factories in the manufacturing sector, or 10 […]
Numbers continue to grow as the 4th week of Phnom Penh’s Walk Street took place at the weekend. Additional attractions included more traditional dances, a display of Chapi Dang Veng souvenirs, painting groups, and exhibitions in front of the Royal Palace. The Phnom Penh Municipal Administration has put the Walk Street into trial operation two […]
The tourism industry contributed 9.4 per cent to Cambodia’s gross domestic product (GDP) last year, making the sector one of the key drivers of the country’s economy, according to a report from the Ministry of Tourism released on February 24. Cambodia has seen a positive surge in foreign tourist arrivals in 2024, significantly aiding the […]
Yin Li, a senior member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Secretary of the CPC Beijing Municipal Committee, expressed confidence in Cambodia’s continued economic growth and development. Yin registered his appreciation during a meeting with Prime Minister Hun Manet at the Peace Palace yesterday. Both leaders also […]
The unique cultural heritage of Cambodia is not only attracting tourists from far and wide but also driving continuous national economic growth, said Huot Hak, Minister of Tourism on Saturday. Addressing the Cambodia-Korea Art Exhibition (February 20-25) in Siem Reap province, Hak said the exhibition is aimed at promoting Cambodia’s world heritage sites, highlighting the […]
Attracting foreign companies to set up their headquarters in the Paphos District continues and is a longstanding policy and priority of the Paphos Chamber of Commerce and Industry, stated its Director, Marinos Stylianou. In statements to the Cyprus News Agency, Stylianou noted that Paphos, with its comparative advantages, low cost of living, airport, low crime […]
Finance Minister Makis Keravnos met recently with the new British High Commissioner to Cyprus, Michael Tatham, to exchange views on bilateral relations and ways to further enhance economic cooperation, as well as on European and international matters. Tatham assured the economic cooperation between Cyprus and the UK would continue, and said his country is ready […]
The aim is for 33.17% of Cyprus’ total consumption to come from renewable energy by 2030, based on the updated National Energy and Climate plan, Minister of Energy, Commerce and Industry George Papanastasiou said addressing the annual General Assembly of the Energy Saving Association. He said the goal is to reduce energy cost to the […]
Financial technology firm Capital.com on Monday announced the launch of a new paid internship programme for university students in Cyprus. The first group will include 30 students from the Cyprus University of Technology (Tepak), with plans to extend the initiative to other universities across the island. The company stated that the programme aims to provide students with […]
The Cyprus Telecommunications authority (Cyta), recorded revenues of €415 million and an expected pre-tax profit of €59 million for 2024, chairwoman Maria Tsiakka said on Monday. Speaking at a House finance committee meeting over the authority’s 2025 budget, she highlighted Cyta’s “significant contributions” to the national economy, saying that since 2000, it has transferred over €1.27 […]
Secretary general of the International Chamber of Shipping Thomas Kazakos on Monday met with Cyprus News Agency (CNA) director Dinos Finicarides, as well as the new director general of the Cyprus Shipping Chamber (CSC) Alexandros Iosifidis. The meeting was held at the CNA offices in Nicosia and involved a discussion on issues related to the […]
Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought to the forefront. The conference, organised by the Cyprus Hotel Association (Pasyxe), focused on innovation and growth, sending a strong message of optimism, resilience, and […]
The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results. In a statement, the Bank of Cyprus Holdings Public Limited Company confirmed that the programme follows its February 18, 2025, announcement regarding a proposed cash dividend and […]