The Energy Ministry is offering a second chance for small and medium-sized enterprises (SMEs) and non-profit organisations to secure funding through the ‘Save – Upgrade’ scheme. This initiative, backed by the EU Recovery and Resilience Plan, seeks to promote energy-saving investments with a total budget of €24 million. Applications will open on a date yet […]
The Research and Innovation Foundation (RIF) on Friday announced the launch of ‘Boost,’ a new blended finance scheme. The new scheme is designed to support certified innovative companies in Cyprus by providing grants of up to €300,000. The initiative aims to bolster innovation and enhance the entrepreneurial ecosystem by incentivizing equity-based investments. Under the Boost scheme, certified companies […]
The turnover index for Cyprus’ industrial sector rose by 1.3 per cent in September 2024, when compared to the same month in 2023, according to the state’s statistical service. Over the first nine months of 2024, the index recorded a cumulative increase of 2.2 per cent compared to the corresponding period in 2023. In September 2024, the Industrial […]
The European Union (EU) and Cambodia officially launched the EU Twinning Project with the National Institute of Statistics (NIS) titled “Enhancing the Quality of the Statistics System in Cambodia in Phnom Penh yesterday. The event was attended by EU Ambassador to Cambodia Igor Driesmans and the Minister of Planning (MoP), Bin Trachhey, with Team Europe […]
The lighting of the Paphos Christmas tree took place on Wednesday night at Kennedy square. The Paphos municipality decorated the streets with festive ornaments and lit the Christmas tree for the holidays in the presence of a large crowd. Paphos mayor Phedonas Phedonas lighted the Christmas tree after he wished everyone happy holidays. A parade […]
Trade activity between Cambodia and Laos is expected to grow after the two governments signed a double taxation agreement (DTA) aimed at addressing income tax issues and preventing tax evasion, despite the currently modest trade volume between the neighbouring countries. The agreement was signed on December 4 in Phnom Penh by Minister of Economy and […]
Krama Khmer (Cambodian scarf) was inscribed on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity during the 19th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, being held in Asunción, Paraguay tonight (Cambodian time). This is another new pride for the 7th-mandate Royal Government for having attained […]
The bloc is actively working as an organisation to remove barriers to intra-regional trade WHILE the world debates the next chapter of globalisation, it’s a case of full steam ahead in Asean markets. Investors are flocking to the region, drawn by its trade links, digital transformation and the demand for sustainable infrastructure. Less visible, but […]
Vietnam invested $557 million in Cambodia in the first eleven months of 2024, and ranked third, said Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC), on Wednesday. Vuthy disclosed this while addressing the inauguration ceremony of the local-grown-tree processing plant of TNTVN Forestry Co., […]
The Christodoulides administration has prioritised addressing climate change with targeted actions, a commitment echoed by Cyprus’ tourism industry, Deputy Minister Costas Koumis said on Thursday. Koumis’ comments were delivered during a speech at a conference titled ‘Tourism in the Era of Climate Change: Challenges and Innovations‘, held under the auspices of President Nikos Christodoulides. The Christodoulides administration has prioritised addressing climate change with […]
Minister says housing permits will take just 40 working days Cyprus has revamped its planning and building permit system, cutting approval times to just 40 working days for small-scale developments, Interior Minister Constantinos Ioannou announced this week. The initiative is part of a broader strategy to eliminate delays and modernise housing construction processes. The reforms target low-risk “Category A” […]
Cypriot DIY retail chain Superhome Centre is set to change ownership in a €94 million deal, it emerged this week. The prospective buyer is reportedly a billionaire investor of Greek descent, according to Economy Today. The same reports said that the buyer, who has previously been listed among the world’s top 200 richest individuals by Forbes, initially […]
CySEC officer Elena Karkoti on Thursday highlighted the ongoing issue of underrepresentation of women on corporate boards and in leadership roles. She described this phenomenon as “a profound social and political contradiction” during a time where equality has been in the spotlight. Karkoti said that despite progress in gender equality, “women remain trapped on the margins of decision-making centres and are often a […]
Cyprus is stepping up as a leading destination for international investment, president Nikos Christodoulides said on Wednesday. Speaking at the ‘EY Cyprus Attractiveness Forum 2024,’ the president outlined the government’s strategic plans to bolster economic growth and investor confidence. Addressing industry leaders, Christodoulides reaffirmed the government’s dedication to fostering economic stability and enhancing the business […]
Cambodia marked the 46th anniversary of the establishment of the December 2 Front yesterday, officially known as the Kampuchean United Front for National Salvation (KUFNS). This pivotal movement led to the overthrow of the genocidal Khmer Rouge regime on January 7, 1979. The KUFNS was founded through the collective efforts of patriots both within and […]
The Cambodian scarf, known as krama, was inscribed as an Intangible Cultural Heritage of Humanity by UNESCO during the 19th session of the Intergovernmental Committee of the 2003 UNESCO Convention for the Safeguarding of Intangible Cultural Heritage in Asunción, Paraguay. In a congratulatory message, Cambodian Senate President Hun Sen expressed pride in this historic achievement, […]