The high-speed ferries capable of carrying 300 passengers will make the 40-minute voyage twice a day The newly opened Kampot International Tourism Port (KITP) expects to attract half a million Cambodian and international tourists this year, doubling to 1 million next year. The KITP authority, a subsidiary of the AZ Group, on Monday signed a […]
The Sihanoukville Special Economic Zone (SSEZ) achieved a total import and export volume of $4.07 billion in 2024, up 21.3 percent compared to the same period in the previous year, according to data released by the SSEZ on Monday. SSEZ reported that the total import and export volume in 2024 marked a new peak. Throughout […]
€9.3 billion milestone reached in 2024 The Cyprus Investment Funds Association (CIFA) on Wednesday released a statement saying that it views 2025 “as a year of strategic growth and opportunity in the investment funds sector”. “Cyprus’ investment funds sector exemplifies resilience and innovation, driving our collective vision for sustainable economic progress,” stated CIFA. CIFA expanded […]
Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd, the owner of the Rodon hotel in Agros. On January 7, Chainrai purchased an additional 319 shares of ‘Proodos’ at €3.00 each, raising his direct ownership to 102,353 shares, representing 2.85 per cent of the company’s issued share capital. This follows a series of acquisitions […]
Nicosia and Larnaca led the way in Cyprus’ property market in 2024, driving a 1.5 per cent overall increase in sales documents compared to the previous year, according to data from the land registry. Nicosia recorded a 14 per cent surge in filings, totaling 3,527 for the year, with its peak in June (348 documents) […]
The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of Cyprus (CypERC). This increase was driven primarily by a significant boost in consumer confidence and, to a lesser extent, an uptick in the manufacturing […]
The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of Cyprus (CypERC). This increase was driven primarily by a significant boost in consumer confidence and, to a lesser extent, an uptick in the manufacturing sector’s business sentiment. Consumer confidence reached its highest level in three […]
Cypriot retailers are gearing up for a wave of winter sales starting this week, following a robust holiday shopping season. While there is no formal or set sales period, it has become customary for discounts to be announced after the Christmas holidays, typically beginning in early January. Some retailers have already launched their promotions earlier […]
Cyprus has made significant strides in its journey towards digital transformation and green innovation in 2024, primarily by leveraging €1.2 billion from the European Recovery and Resilience Plan. This substantial investment is primarily allocated to enhance energy efficiency and expand the use of renewable energy, thereby facilitating the digital transition of businesses. In light of […]
A trial operation period for Cyprus’s competitive electricity market begins today, the country’s Transmission System Operator (TSO) announced. The operator will host two training seminars on the Market Management System (MMS), with Energy, Commerce and Industry Minister George Papanastasiou attending the first session. The seminars, scheduled for 7 and 9 January at TSO’s new building, will be […]
Hun Sen, President of the Senate and the Cambodian People’s Party, commended the leadership of the seventh-mandate Royal Government, led by Cambodian Prime Minister Hun Manet, for their performance over the past 16 months, speaking on Tuesday (Jan. 7) at the 46th Anniversary of January 7 Victory Day. He stated that the leadership has achieved […]
The Ministry of Industry, Science, Technology, and Innovation has launched seven additional digital public services to enhance the convenience, efficiency, and transparency of public service delivery. This move is part of the ministry’s ongoing efforts to modernise its operations and streamline services for citizens and businesses. The newly introduced digital services include four related to […]
Property expert points to time-consuming licensing process for new investments Although people may complain about the rising prices, Cyprus’ real estate market is still an ideal sector to invest for long-term security and prosperity, said Yiannis Misirlis, chairman of the Imperio Group, a Limassol-based property development and management firm. “Apart from offering substantial financial growth potential […]
The Ministry of Water Resources and Meteorology has issued a notification on weather conditions in Cambodia from 6th of January to 8th of January. High pressure has a strong impact on the northeast monsoon regime covering the South China Sea, Mekong Basin and the Kingdom of Cambodia. Such a situation will cause: From 6 to […]
‘No foreign investor has poured in millions; no distant CEO is steering its direction. Instead, this beloved hotel has passed from generation to generation…’ This is the highest hotel in Cyprus, 1,757 metres above sea level. It’s almost the oldest, and has been around for close on 100 years. And it’s definitely among the best-loved […]
Phnom Penh, Cambodia, January 6, 2025 — Prince Foundation welcomed 10 Nanyang Technological University (NTU) students from Singapore for a three-week program focused on expanding education access and entrepreneurship mentoring in Cambodia. The students, participating in the NTU PEAK ASEAN Program, conducted field research and developed solutions for two main challenges: improving education access in […]