Trade volume between Cambodia and China soared to nearly $14 billion in the first eleven months of 2024, an increase of 24 percent compared to the same period last year, according to a report from the General Department of Customs and Excise of Cambodia (GDCE) released on Tuesday. GDCE’s trade data showed that bilateral trade […]
Cyprus is heading towards a double record in tourist arrivals and tourism revenues, according to a variety of statistics published by CySTAT, and so this perhaps the perfect time to consider how much visitors to the island are spending here. Based on the latest data announced, tourism revenues in the January-September period of 2024 increased […]
Invest Cyprus drives transformation with targeted incentives, partnerships and a vision for a tech-forward future What specific measures is Invest Cyprus currently taking to position Cyprus as a leading fintech hub? Our strategy for 2024-2026 focuses on three key areas: first establishing Cyprus as a leading International Business & Financial Center, second driving growth and […]
Government employment in Cyprus reached 55,243 people in November, according to the latest data from the state’s statistical service. This represents an increase compared to the average government workforce of 54,229 during the January–November 2024 period. That figure marked a rise of 1,698 employees, corresponding to an increase of 3.2 per cent, from the same timeframe in 2023. The increase was largely attributed to the growth of temporary staff within the educational service. This […]
The Bank of Cyprus on Wednesday announced that it has renewed its ‘Equality Employer’ certification, recognising its efforts to promote gender equality in the workplace. According to the announcement, the certification reflects the bank’s commitment to equal opportunities and fostering an inclusive environment. According to an announcement, the renewal was conducted by the Labour Ministry’s […]
Climate and competitiveness priorities for 2024-2029 discussed during meeting Cyprus was represented at the annual general assembly of the European Community Shipowners’ Association (ECSA) and the meeting of its board, held on December 10 in Brussels. Representatives of the Cypriot shipping industry participated in discussions aimed at securing the future of European shipping in an […]
Sun, sights, and seriously tasty food. The hidden gem in Cyprus you need to visit While other Mediterranean spots are starting to feel the chill of winter, Limassol is still basking in sunshine, making it the ideal place for a winter escape (or honestly, any time of year.) Cyprus’ second-largest city is just a quick […]
Cyprus will implement new European Parliament regulations for instant payments from 9 January 2025, enabling round-the-clock bank transfers within 10 seconds across Europe at minimal cost for retail and business customers. The Central Bank of Cyprus has published details of the implementation of EU Regulation 2024/886 (instant payments regulation) on its website. The new system will allow […]
How to experience Cambodia’s national icon, the temples of Angkor Wat, and avoid the worst of the crowds Want to to enjoy Angkor Wat at its greenest (and coolest)? In November, December and January, full lakes and lush greenery provide the perfect backdrop to the temples of Cambodia’s stunning archaeological site, and temperatures have yet […]
US company Stabil Nutrition LLC and local company Amru Rice (Cambodia) have jointly invested in building a rice bran processing plant to export to the US market. The joint investment plan was announced during a meeting between Deputy Prime Minister Sun Chanthol, First Vice Chairman of the Council for the Development of Cambodia (CDC), with […]
Cambodia and Saudi Arabia Monday explored opportunities to strengthen bilateral relations, particularly in the agricultural sector. This move comes as both countries seek to enhance economic cooperation and explore new trade avenues. Senate President Hun Sen and Abdullah Mohammed Ibrahim Al-Sheikh, Chairman of the Consultative Assembly of the Kingdom of Saudi Arabia held wide ranging […]
Cambodia exported products worth $23.93 billion in the first 11 months of 2024, up 16.8 percent over the same period last year, said a report from the General Department of Customs and Excise released on Tuesday. The report showed that the main exported goods included garments, footwear, travel goods, bicycles, car tyres, and potential agricultural […]
ATR, the manufacturer of regional aircraft, has announced the addition of three ATR 72-600 aircraft to Cambodia Angkor Air’s fleet. The airline will rebrand as Air Cambodia on January 1, 2025. The aircraft, procured by HNCAL (HNCA Aviation Financial Leasing Co., Ltd.), a Chinese lessor and subsidiary of Henan Civil Aviation Development & Investment Group […]
Minister of Energy, Commerce and Industry George Papanastasiou said on Tuesday that in the coming days there will be news as regards the departure of the floating storage and regasification unit (FSRU) ‘Prometheus”‘ from Shanghai, China. “We expect in the coming days, perhaps even within the week, to hear about the departure” of Prometheus, the Minister said replying […]
Investors must ‘cut through the noise’ and focus on establishing a long-term strategy that aligns with their investment goals Short-termism has become a dominant feature of the investment landscape. Amid market volatility, geopolitical tensions and an overwhelming flow of news, staying focused on the bigger picture has become more challenging. The constant bombardment of news […]
The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming meeting on December 12. “This move will directly impact the monthly instalments of their clients’ loans,” the association said in a statement. The association pointed out that the ECB is set to […]