The Cambodia Confederation of Investors Association (CCIA) forecasts that orders for footwear and travel products will increase by 20 to 30 percent in 2025 compared to 2024, while the Kingdom earned approximately $1.3 billion from the export of footwear products to international markets during the first 10 months of 2024. Ly Khun Thai, Chairman of […]
Cambodian Prime Minister Hun Manet said here on Tuesday that the Regional Comprehensive Economic Partnership (RCEP) agreement has given Cambodia entry to a market of 2.3 billion people. “This means access not just to Cambodia’s domestic market of 17 million consumers, but to a combined market of billions,” he told some 300 participants at the […]
The Asian Development Bank (ADB) approved a $50 million policy-based loan to support Cambodia’s efforts to make the business environment more investment-friendly, upgrade businesses toward higher competitiveness, and ease trade barriers, said the bank in a news release. This second sub-programme of the ongoing Trade and Competitiveness Programme is reinforcing the government’s efforts to leverage […]
The number of passengers who have entered Cambodia’s three international airports between January and November 2024 is 4.7 million according to a report from the State Secretariat of Civil Aviation (SSCA). As always it’s good to see the data heading in the right direction but pre-pandemic levels need to be the benchmark by which we […]
Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. These investments have created 1,200 new jobs across various sectors, highlighting Cyprus as an attractive destination for global businesses. Notably, companies from outside the European Union are increasingly using Cyprus […]
The Cyprus ship registry has recorded a 14% increase since September 2023, Deputy Minister of Shipping, Marina Hadjimanolis has revealed. She was speaking during the 25 November discussion of the Deputy Ministry’s budget for 2025 at the Finance Committee of the House of Representatives. Hadjimanolis also noted that the Deputy Ministry’s revenue increased by 10% […]
Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on Monday that it has signed share purchase agreements with Demetra and Logicom, under which it will acquire 24.66 per cent of Hellenic Bank’s shares, […]
Cyprus showcased a range of traditional products at the 7th China International Import Expo in Shanghai, offering free samples of juices, wine, commandaria, zivania, and halloumi. The event, held from November 5-10, 2024, served as an excellent opportunity to enhance Cyprus’ trade relations with China and other nations. The Cypriot booth, managed by the Cypriot […]
The final version of a digital citizen app is set to be presented on Wednesday in the framework of the second Cyprus-Greece summit, President Nikos Christodoulides said on Monday. He added that before the end of the year, Cyprus’ rebranding would be launched, focusing on the country’s presence in international markets. Christodoulides made the two […]
PHNOM PENH: Cambodia has witnessed a surge in electric vehicle (EV) adoption in recent months, with the government actively promoting the shift towards cleaner transportation. Prime Minister Hun Manet has expressed strong support for the expansion of the EV sector in Cambodia, highlighting its potential benefits. He emphasized that transitioning to electric vehicles can significantly improve […]
The Kingdom’s aviation sector has experienced consistent growth this year, with Cambodia’s three international airports — Phnom Penh, Siem Reap and Sihanoukville — handling over 47,000 flights in the first ten months of the year, a 10% increase compared to the same period in 2023. The number of passengers passing through these airports reached almost […]
“In Europe, the demand for sanitary and phytosanitary standards (SPS) is high,” he said. “Therefore, the fact that the factory can meet European requirements confirms that Cambodian food standards are acceptable in the international market, which is The Ministry of Mines and Energy (MME) has plans to build an oil refinery to ensure domestic fuel […]
Japan’s MIRARTH Agri Tech is set to export 250 tonnes of cashew nut products directly to the European Union (EU) market this year, with the first phase involving 16 tonnes. This significant milestone underscores the Ministry of Commerce’s ongoing efforts to identify and secure international markets for Cambodian products. Samheng Bora, Secretary of State of […]
Arrivals in 2024 are likely to exceed those of 2019, a record year, estimates Deputy Minister of Tourism, Kostas Koumis, who addressed the Parliamentary Finance Committee, during the examination of the Deputy Ministry’s budget. Specifically, he noted that arrivals for the period January-October are up 4.6% compared to the same period of 2023, while they are […]
Cyprus’ real estate market remains robust, with transactions reaching €2 billion by mid-2024, despite ongoing global uncertainty, according to a report released on Monday by Delfi Partners & Company. “Supported by strong domestic activity and stabilising inflation, the market continues to demonstrate adaptability while addressing broader challenges,” the company said. Moreover, the company noted that data on […]
The Cyprus-Austria Business Forum was a success, with more than 60 bilateral meetings taking place, according to an announcement by the Cyprus Chamber of Commerce & Industry (Keve). Held on November 21 at the chamber’s headquarters in Nicosia, the forum “brought together professionals and officials from both countries for a successful day of networking and […]