ICAP expresses interest in investing in electric vehicles in Cambodia

ICAP expresses interest in investing in electric vehicles in Cambodia

Dr. Hun Manet, Prime Minister of the Kingdom of Cambodia, received Zhang Chaomin, Chairman and CEO of Infinite Capital Holdings (ICAP), at the Peace Palace yesterday. During the meeting, Zhang Chaomin briefed the Cambodian Premier on ICAP’s business operations, stating that the company has focused on investing in new materials, artificial intelligence (AI), semiconductors, and […]

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Cyprus maritime scholarships to empower women, promote equality

Cyprus maritime scholarships to empower women, promote equality

Deputy Minister for Shipping, Marina Hadjimanolis, announced this week that the Deputy Ministry of Shipping has integrated gender equality promotion activities into its operations. This initiative aligns with the United Nations Sustainable Development Goal on gender equality and women’s empowerment. The commitment is further exemplified by the adoption of campaigns designed to inform and encourage […]

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Cambodia exports over 600K tonnes of rice in January 2025, earning over $48M

Cambodia exports over 600K tonnes of rice in January 2025, earning over $48M

The Cambodian Rice Federation announced that in January 2025, Cambodia exported 59,086 tonnes of milled rice, earning $48.03 million. According to the Cambodian Rice Federation, 39 rice exporters conducted these exports to 45 destinations, with 23 European countries receiving a total of 36,714 tonnes, valued at $29.79 million. Meanwhile, China, including Hong Kong and Macau, […]

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Tourism projects of 1 bln euros

Tourism projects of 1 bln euros

The Interministerial Committee for Strategic Investments is expected to green-light three investments with a total budget of 1 billion euros in the tourism sector on Monday, when it is scheduled to convene. They concern developments at Petalioi, Astakos and in the Peloponnese. Their approval by the Interministerial Committee will mark the start of the licensing […]

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Major plans to develop Famagusta

Major plans to develop Famagusta

Cypriot President Nikos Christodoulides has announced 30 new projects to boost the development of the free part of Famagusta district with a total budget of 122 million euros. They are aimed at improving infrastructure, local services, and the overall well-being of residents. The announcement came during a regional gathering held in Paralimni as part of […]

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Q4 growth seen at 2.6% in Cyprus

Q4 growth seen at 2.6% in Cyprus

Cyprus’ GDP growth rate in real terms during the fourth quarter of 2024 is estimated at 2.6%, according to a provisional report published by the Cyprus Statistical Service (CyStat) on Friday. Based on seasonally and working day adjusted data, GDP growth in real terms is estimated at 2.9%. The positive GDP growth rate is mainly […]

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EIB Investment Survey: Cypriot businesses more integrated into global trade than EU counterparts

EIB Investment Survey: Cypriot businesses more integrated into global trade than EU counterparts

Companies in Cyprus weathered the health, price and trade shocks of the past five years relatively well, according to a European Investment Bank (EIB) Group survey. Cypriot businesses are also more integrated into global trade than their peers elsewhere in the European Union, new country results from the EIB Group Investment Survey (EIBIS) show. EIBIS […]

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