Cyprus’ real estate market remains resilient and in high demand, with a strong start to 2025 confirming last year’s momentum, according to Cyprus Real Estate Agents Registration Council president Marinos Kyneyirou. In a statement released on Monday, Kineyirou said that demand remains high from both local buyers and foreigners, particularly from third countries such as […]
TUI BLUE Angkor Grace, a new five-star resort located just minutes from the iconic Angkor Wat Temple complex, officially opened its doors on July 30, setting a new benchmark for wellness-focused luxury in Cambodia’s premier tourist destination. The grand opening ceremony brought together high-ranking government officials, global travel industry leaders, media representatives and distinguished guests, […]
Cambodia’s renowned Angkor Archaeological Park earned $28.6 million from ticket sales in the first seven months of 2025, a year-on-year increase of 5.3 percent, said an official report released on Friday. The UNESCO-listed Angkor attracted 618,771 international tourists during the January-July period this year, a year-on-year rise of 5.8 percent, said the state-owned Angkor Enterprise’s […]
Synopsis: The new 19 percent import duty allows Cambodian products to compete fairly with regional countries, and attract more foreign direct investment, helping the Kingdom advance its economic growth ambitions, says Sun Chanthol, Deputy Prime Minister. With the new 19 percent import duty on Cambodian products entering the US market, the Royal Government expects to […]
Synopsis: The new routes will forge new economic bonds among Cambodia, China, and Japan, greatly facilitating travel for Cambodian and Japanese tourists. Air Cambodia (K6), the national flag carrier, will launch new routes between Cambodia and Japan starting from October this year, facilitating travel for Cambodian and Japanese tourists. The new route between Phnom Penh […]
Mr. Sin Chansereyvutha, Secretary of State and Spokesperson for Civil Aviation, announced details of the B737-8 MAX (Boeing 737-800 MAX) aircraft that Cambodia plans to purchase from the United States in 10 units, each of which costs between 90-120 million US dollars, depending on the type and options of each aircraft. Mr. Sin stated that […]
Household financial assets in Cyprus amounted to €61.9 billion at the end of March 2025, while household debt stood at 58% of Gross Domestic Product (GDP), according to the Central Bank of Cyprus (CBC). The debt of non-financial corporations reached 120% of GDP. The data is included in the CBC’s publication Quarterly Financial Accounts for […]
The Vice-President of the European Investment Bank (EIB), Kyriakos Kakouris, pays an official visit to Cyprus on Thursday, 31 July. According to a press release issued by the Ministry of Finance, the purpose of the visit is to sign the second tranche of a €100 million loan under the €200 million Loan Agreement between the […]
Synopsis: The safety and well-being of all tourists is, and will always be, the nation’s highest priority, says Ministry of Tourism. The Ministry of Tourism Friday has issued an announcement, reassuring the public and international community that the country remains a “safe and friendly welcoming destination” for tourists. The announcement comes in the wake of […]
The energy cooperation between Cyprus and Egypt for the development of the “Cronos” natural gas field is moving to the next phase, with the completion of significant technical and commercial agreements expected in the coming weeks. Cypriot Minister of Energy, Commerce and Industry Giorgos Papanastasiou referred to important developments following his meeting with Egypt’s Minister […]
The Ministry of Transport, Communications and Works has launched a tender for the construction and 12-year maintenance of a Special Security Centre at the Vasilikos Energy Centre, with bids due by 31 October 2025. The estimated cost of the project amounts to €2.7 million excluding VAT, funded from national resources. Work is scheduled to begin in February […]
Cyprus’s tourism sector is breaking records, with May revenues showing a sharp increase compared to the same period last year, according to the latest data from the Statistical Service. Based on the results of the Travelers Survey, tourism revenue in May 2025 amounted to €373.3 million ($410.7 million), a 20.2% increase from the €310.5 million […]
Greece, France, Germany, Italy and other Schengen member states are gearing up to activate the European Union’s new Entry/Exit System (EES) from October, a move expected to streamline border checks and bolster security across EU external borders. According to Flight Mode, a new monthly publication by Hermes Airports, the new digital system will automate the […]
Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 per cent compared to the same period last year. In addition, the bank’s total net profits fell by 4.3 per cent year-on-year to €691m. This figure includes a voluntary exit programme cost of €27m at Hellenic […]
ADNOC Drilling (ADNOCDRILL.AD), a unit of Abu Dhabi’s state oil giant, reported a 19 per cent rise in second-quarter profit this week, supported by strong performance in its oilfield services business and expansion into unconventional drilling. Net profit rose to $351 million in the three months to June 30, up from $295 million a year […]
Here are the top business stories in Cyprus from the week starting July 28: Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 per cent compared to the same period last year. In addition, the bank’s total net profits fell by 4.3 per cent year-on-year to […]