The European Central Bank (ECB) has scope to further cut its key interest rates as inflation moves closer to its target, but it should remain vigilant about potential upside risks, according to Christodoulos Patsalides, governor of the Central Bank of Cyprus and ECB Governing Council member. With the eurozone economy showing signs of slowing and […]
Cyprus investment promotion agency, commonly referred to as Invest Cyprus, on Thursday announced the signing of a memorandum of understanding (MoU) with Invest Paraná, the investment promotion agency of the Paraná state in Brazil. The agreement was signed at the Commodity Supply Chain Conference 2024, which took place from October 22-24 at the Grand Resort […]
Cambodia’s export to the European Union (EU) surged to $3.29 billion in the first three quarters of 2024, up nearly 20 percent from $2.79 billion compared to the same period last year. According to a report from the General Department of Customs and Excise of Cambodia, from January to September, the Kingdom’s imports from the […]
Cambodia attracted Foreign Direct Investment (FDI) worth $443 million in September 2024 which could create about 25,000 more jobs for local people, it was disclosed on Wednesday. While giving a lecture for the benefit of Deputy Governors from various provinces and capital, Sar Senera, Deputy Secretary General of the Cambodia Investment Board of the Council […]
Shanghai Geoharbour Group, a Chinese company specialising in geotechnical engineering solutions, is keen on investing in potential sectors including the special economic zones (SEZs) and infrastructure development across the Kingdom. The details were shared during the meeting between Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia […]
Cambodia’s fresh cassava market appears robust, which has seen significant growth in exports – up over 160 percent in the first three quarters of 2024. According to a report from the General Department of Agriculture of the Ministry of Agriculture, Forestry and Fisheries (MAFF) released by ARDB on Wednesday, Cambodia exported over 2 million tonnes […]
Cyprus is seeing increased travel activity for the upcoming October 28 holiday weekend, with Greece and the UK remaining the most popular destinations, according to travel industry representatives. “We are observing heightened travel movement from Cypriots during the October 28 weekend,” said Haris Papacharalambous, president of the Association of Travel Agents. He noted that many […]
Cambodia attracted 4.8 million foreign visitors in the first nine months of 2024, up by 22 % from 3.92 million over the same period last year, said a Ministry of Tourism’s report released on Wednesday. “The number has reached 99.7% of that in the first nine months of 2019, the pre-COVID-19 pandemic era,” the report […]
New residential property sales in Cyprus showed strong growth in the first nine months of 2024, with apartments dominating the market, the Ministry of Interior reported. Data from the Department of Lands and Surveys revealed a 19.2% increase in overall residential sales compared to the same period last year, with 5,253 sale contracts filed between January and […]
Strong revenue growth, mainly stemming from social security contributions and corporate income tax, have been the main driver of Cyprus’ strong fiscal outcomes which have “improved markedly in recent years,” international ratings agency, Morningstar DBRS has said. The agency said in commentary that Cyprus’ strong fiscal outcomes were a key-driver for the trend change of […]
Forty-five years since the demise of the brutal Khmer Rouge regime in which millions of people died of starvation, Cambodia has found its feet through its culinary scene, writes Christine Retschlag On a toasty Siem Reap morning, the type that could melt the soles off your shoes, there are rats roasting on a roadside barbecue beside sizzling […]
Cambodia’s full peace, macroeconomic stability and fast and resilient economic growth are key prerequisite for Huawei’s decision to invest in the Kingdom in the past 25 years. The remarks were made by visiting Lin Baifeng, President of Huawei Asia Pacific, while paying a courtesy visit to Cambodian Prime Minister Hun Manet at the Peace Palace […]
The automotive market in the Kingdom is experiencing a period of significant growth presenting a promising opportunity for manufacturers and distributors of new cars, particularly those offering affordable models. As the country’s economy continues to expand and the middle class grows, there is a growing demand for personal transportation. Ngorn Saing, CEO of RMA Cambodia, […]
Strong revenue growth, mainly stemming from social security contributions and corporate income tax, have been the main driver of Cyprus’ strong fiscal outcomes, which have “improved markedly in recent years,” international ratings agency Morningstar DBRS has said.
The Cyprus Recovery and Resilience Plan Directorate is currently working with the European Commission to make amendments to the Recovery and Resilience Plan. The goal is to ensure timely implementation and to redirect funds from less popular projects to more promising ones. Initially, 40 projects worth 350 million euros were approved, but some, such as […]
President Nikos Christodoulides has announced more than twenty major projects and a package of political actions for the revitalisation of the Troodos mountainous area, at an estimated cost of more than €30 million. The announcement was made on 22 October in the community of Amiantos, the first stop of a tour Christodoulides will be carrying […]