Cyprus’ main exports for 2023 included minerals, oil, halloumi cheese, and pharmaceutical products, according to a report by the state’s statistical service (Cystat). The report revealed that Cyprus exported domestically produced products amounting to €508.39 million to EU countries during 2023, along with €1.84 billion worth of products to third countries. Moreover, the primary products exported by Cyprus to EU countries were […]
Cyprus’ Deputy Ministry of Tourism has announced a scheme to sponsor experiential workshops in traditional crafts, agricultural and livestock product processing, and gastronomy, in order to boost rural tourism. As outlined in a statement by the Ministry, the initiative, known as the Experiential Workshops Grant Scheme for Traditional Crafts, Agricultural and Livestock Product Processing, and Gastronomy for 2024, aims […]
As we sit cross-legged in front of two chanting monks, the heady scent of jasmine blossom fills the air. The fragrant buds are then scattered over our heads as the monks bless us at Vipassana Dhura, the largest Buddhist monastery at Oudong in Cambodia. Outside, curious children giggle and wave as we walk by. These […]
Heng Sour, Minister of Labour and Vocational Training, on March 28, met with Shoji Sakaki, President of the Cambodia-Japan Friendship Promotion Coalition of the Nagano Prefecture of Japan. The discussion focused on finding opportunities to expand the labour market and strengthen the skills of Cambodians. The Minister emphasized that due to the political relations between […]
A multifunctional park, which will include spiral pedestrian walkways, a lake, a botanical garden, and panoramic sea views, is set to connect the west with the east of part of Ayia Napa, enriching its tourism offering. The Ayia Napa Municipality has launched a tender for the construction works, which will cost €3.625 million. Interested parties […]
A three-ship convoy departed Cyprus for Gaza early Saturday, with 400 tons of food and other supplies, the second delivery of the kind recently as concerns about widespread famine in the region grow. The aid deliveries are organized by World Central Kitchen (WCK). The boats are carrying ready-to-eat items like rice, pasta, flour, legumes, canned […]
A standard tourism port along the Mekong River in Kampong Cham province has been planned for construction to facilitate the docking of cruise ships. Delegations of the Ministry of Public Works and Transport and Kampong Cham provincial administration have recently inspected and evaluated the location of the river bank in Kampong Cham city for the […]
Over the past decades, Cambodia has experienced significant economic growth, averaging 7% annually pre-pandemic. The growth has been primarily driven by four key sectors: agriculture, garment, tourism and construction. The garment industry, fuelled by strong export market demand, has been particularly influential, accounting for about 80% of the country’s total exports in recent decades and […]
Phnom Penh, March 29, 2024 – Australia is set to enhance its relations and cooperative efforts with Cambodia, with a particular focus on security issues along the border. This commitment was highlighted by Justin Whyatt, Ambassador of Australia to Cambodia, during a courtesy visit to Cambodian Deputy Prime Minister and Minister of Interior Sar Sokha […]
The board of directors of state-owned asset management company Kedipes this week decided to make the largest quarterly cash payment to the state since its establishment in 2018, amounting to €140 million, for the first quarter of 2024. According to an announcement by the Kedipes, this decision falls within the framework of repaying the state aid received by […]
The fleet of vessels registered under the Cypriot flag has seen a significant increase of approximately 5.5 per cent, equivalent to about 1.1 million tonnes, over the past six months, according to the Deputy Minister of Shipping Marina Hadjimanolis. The minister’s comments were delivered during an event at the DP World passenger terminal in the […]
CBC governor Constantinos Herodotou on Friday addressed the “Digital Financial Literacy: the Way Forward” conference, held by the Central Bank of Cyprus (CBC). The conference aimed to explore the multifaceted dimensions of digital financial literacy, acknowledging both the challenges and opportunities arising from the increasing use of digital technologies in our daily lives. “Financial literacy allows people […]
Total deposits in February recorded a significant net increase by €65.4 million following a decrease of €366.0 million the previous month, while loans recorded a large net increase of €348.9 million after a net decrease of €122.9 million recorded in January 2024. According to the Central Bank of Cyprus’ Monetary Financial Institutions (MFIs) deposits and […]
Cyprus’ Industrial Production Index surged to 99.5 units (base year 2021=100), marking an annual increase of 4.2% compared to the same period in 2023, according to Cystat. The manufacturing sector recorded a 3.2% uptick compared to January 2023. Notable increases were also evident in other key sectors. The water supply and materials recovery sector saw […]
A Korean delegation comprising representatives of leading businesses such as Hyundai Motor, CJ Group and Booyoung Group sought investment opportunities in Cambodia, mainly in the digital and technology sector, vehicle assembly factories and manufacturing of value-added products. The delegation opened about this during a courtesy call to Sun Chanthol, Deputy Prime Minister and First Vice […]
The total sales of petroleum products in Cyprus reached 115,421 tons in February, marking a 7.1 per cent increase compared to February 2023, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). According to the report, there was a rise in the supply of oil to ships (48.2 per cent) and aircraft (8.7per […]