ExxonMobil’s drilling rig will start drilling in mid-January at the ‘Electra’ target, located in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ), for approximately one month, Energy Minister George Papanastasiou said on Thursday. “The geological structures we observe at ‘Electra’ are optimistic,” he told CNA. Papanastasiou explained that ExxonMobil’s drilling rig will be used for two drillings, one […]
Preparations for the ‘Celebrate Cambodia’ themed New Year’s Eve celebration are underway in Phnom Penh. A parade with 3000 participants is planned in front of the Royal Palace with lots of fun events and artistic performances. All images: Fresh News x
Good for grabbing food on the go The Limassol Agora opened its doors approximately four years ago, having been renovated and transformed from the old-school Pantopoleio into a modern all-day venue. Not much has since changed since its launch, aside from a few things being rearranged and some of the shops and restaurants having closed, […]
Cypria Auctions is proud to announce the successful sale of the iconic Portrait of Katerina Botsari by Joseph Karl Stieler, which achieved a remarkable hammer price of €210,000, significantly surpassing its estimated value of €90,000 – €180,000. The auction, held on 10 December 2024 at Gallery K in Nicosia, Cyprus, witnessed a dynamic and competitive bidding process with over 14 […]
The Cambodian Embassy in Japan in collaboration with the ASEAN-Japan Center plans to organise the ‘Cambodia Foods Show’, to promote food diplomacy and enhance import-export activities of Cambodian goods as part of the country’s economic diplomacy strategy. Tuy Ri, Cambodian Ambassador to Japan, and Sin Saray, Commercial Attaché to the Cambodian Embassy in Japan, Tuesday […]
The Ministry of Commerce has registered 9,412 trademarks as intellectual property in the first 11 months of this year, a year-on-year increase of 9.2 percent, according to a ministry’s annual report. Since the start of the year, the ministry has received a total 11,789 trademark proposals for registration, up 16.45 percent compared to the same […]
Cambodia’s exports to the European Union (EU) surged to $4.03 billion in 2024, an increase of 20.45 percent compared to the same period last year, according to a report released by the Ministry of Commerce (MoC). Trade volume (exports and imports together) between Cambodia and EU reached $4.88 billion, an increase of 15.10 percent, the […]
The Kingdom exported $8,255 million worth of goods to the Regional Comprehensive Economic Partnership (RCEP) countries in the first 11 months of this year, up 14.35 percent from $7,219 million in the same period last year, said a report released by the Ministry of Commerce. From January to November this year, the Kingdom imported $23,111 […]
The Coastal City Development Group Co Ltd (Coastal City), a prominent Chinese firm, has announced a new project in the Dara Sakor area called the ‘Koh Sdach Port Market,’ which could potentially become the first marine market in Cambodia. The announcement of this commercial project, covering 1.7 hectares in Dara Sakor, a large-scale development area […]
The Ministry of National Economy and Finance sets five key priorities in the conduct of economic policy for 2025. Ministry officials told the Athens-Macedonian News Agency that these are expected to be included in the relevant portfolio of priorities per ministry for next year, which will be served to each minister either at Monday’s cabinet […]
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 […]
In a landmark achievement for Cambodia’s maritime industry, the Sihanoukville Autonomous Port (PAS) has officially surpassed the 1 million TEU (Twenty-foot Equivalent Units) milestone in annual container throughput. This accomplishment, marked by a 29% year-on-year increase, signals the growing importance of Cambodia’s sole deep-sea port as a key player in regional and global trade. Prime […]
Thailand and Vietnam remain the top sources of international tourists to Cambodia, contributing over three million visitors, or more than 50% of the total international arrivals during the first 11 months of 2024. Data from the Ministry of Tourism shows that the country welcomed six million foreign visitors from January to November, a 22% increase […]
Cambodia’s exports through Special Economic Zones (SEZs) reached $5.4 billion in the first 11 months of this year, a report from the Ministry of Commerce showed yesterday. Chinese-owned Sihanoukville SEZ, located in Preah Sihanouk province, took the lead with a total export of $1.49 billion during the January-November 2024 period, followed by the Royal Group […]
Cambodia’s car tire exports rose 135 percent year-on-year in the first 11 months of 2024, said a Ministry of Commerce’s report on Tuesday. The Southeast Asian country exported car tyres worth $772.5 million during the January-November period this year, an increase of 135 percent from $328.2 million during the same period last year. Penn Sovicheat, […]
Cyprus is set to sign an agreement on Friday with Hermes Airports to extend its management of Larnaca and Paphos international airports, alongside the launch of a major infrastructure expansion project at both facilities. The agreement, already approved by the Central Committee on Changes and Claims (CCCA), will extend Hermes Airports’ concession for an additional […]