The electric vehicle (EV) sector has been identified as one of the sectors with high potential to contribute not only to environmental protection and public welfare improvement but also to economic diversification and energy security promotion. Peng Ponea, Minister of Public Works and Transport, made the remarks yesterday while presiding over the 3rd Meeting of […]
According to a report issued Thursday by the Ministry of Public Works and Transport (MPWT), Cambodia had registered 2,513 electric cars or electric vehicles (EVs) as of October 2024. The three most popular EV brands in the Southeast Asian country are China’s BYD, Japan’s Toyota, and America’s Tesla. Speaking at an EV showcase event at […]
Cyprus President Nikos Christodoulides had a trilateral meeting at the Presidential Palace with King Abdullah II of Jordan and Prime Minister Kyriakos Mitsotakis of Greece. The leaders had a working lunch on 27 November, in the context of the 4th Trilateral Summit between Cyprus – Greece – Jordan, after which memoranda of understanding in the fields […]
Cyprus-based Ralliton and global software provider SoftwareOne Holding AG this week announced that they have entered into a strategic partnership. According to the announcement, the partnership aims to deliver advanced cloud and AI solutions exclusively in Cyprus and Malta, targeting key industries undergoing digital transformation. Under the terms of the agreement, Ralliton and SoftwareOne will […]
President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern economy. Speaking at the opening of the 8th National Skills Competition in Nicosia, Christodoulides underlined the role of skills development in boosting individual potential and strengthening the nation’s economic […]
Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the overall transaction process with CNP Assurances. According to the bank’s statement, the approval was granted during the commission’s session held on November 27, 2024. The announcement follows Hellenic Bank’s […]
Senior Minister Ly Thuch, First Vice President of the Cambodian Mine Action and Victim Assistance Authority (CMAA) and President of the Ottawa Convention 2024, has received different foreign delegations attending the Siem Reap-Angkor Summit on a Mine-Free World. The delegations include those from Norway, Tonga, Thailand, Tajikistan, Cyprus, Ukraine, The Halo Trust, and the Swiss […]
Ancient Cypriot writing was found on a wall dating from the 6th century BC at an archeological dig in Palaepaphos, the department of antiquities said on Wednesday. “The findings that will be revealed from the study of the inscription are awaited with particular interest,” it said of the discovery in the Kouklia-Martsello area. The 2024 […]
The National Committee for Coastal Management and Development (NCCDC) is spearheading a transformative initiative to develop Cambodia’s four coastal zones into thriving economic poles, said a senior official of the Ministry of Land Management, Urban Planning, and Construction. This ambitious project aims to balance sustainable development and well-being of coastal communities, prioritizing livelihoods, health, and […]
Paphos has secured a silver medal in the 2024-2026 Top 100 Green Destinations global rankings, a recognition for coastal quality excellence. The city earned its place after a reassessment by international independent tourism sustainability experts, who evaluated the destination’s commitment to sustainable practices and strategic priorities. The award recognised Paphos’s pristine beaches and the rare […]
Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Kostas Koumis. Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined the importance of tourism for both countries, saying that their natural beauty is a cornerstone of their appeal. “The tourism sector is a major pillar for both economies,” Koumis said. […]
Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an announcement emphasising the company’s commitment to growth and sustainable energy practices. Thanos Patrikis, vice president for the Mediterranean region and Managing Director of VTTI Cyprus, […]
The board of the World Federation of Tourist Guide Associations (WFTGA), led by its president, Sebastian Frankenberger, is currently in Cyprus to advance international training programmes and discuss industry developments. The WFTGA board met with Deputy Minister of Tourism Kostas Koumis on Monday, accompanied by representatives from the Cyprus Tourist Guides Association. The meeting coincided […]
Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a positive outlook. Commenting on the report, government spokesman Konstantinos Letymbiotis said that this “is an irrefutable vote of confidence in the Cypriot economy, the government’s […]
Etihad Airways, a national flag carrier of the United Arab Emirates (UAE), this week announced the launch of ten new flight destinations beginning 2025, including a new route between Abu Dhabi and Phnom Penh, with the airline confirming the new Cambodian link is set to begin service from October 4, 2025. According to the announcement, […]
Cyprus is expected to record the third highest growth rate in the Eurozone with 3.8 per cent for 2024, while unemployment, inflation and public debt continue their downward trend. Addressing the second Cyprus-Greece business forum in Nicosia with Greek Prime Minister Kyriakos Mitsotakis, Christodoulides said the two countries, having left behind many years of challenges, […]