The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’s latest financial results, €131 million of this amount was generated during the third quarter. “We continue to generate strong financial and operational results and are well positioned to […]
Cyprus is gaining momentum as a filming destination, supported by strategic efforts from Invest Cyprus to draw high-profile productions to the island. According to the investment promotion agency, the are 13 major projects currently underway. The current slew of projects include six films, six reality shows, and an English TV series, highlighting the impact of Cyprus’ […]
Phnom Penh, November 12, 2024 – Cambodian Prime Minister Hun Manet hosted a solidarity dinner this afternoon with prominent “Lin” entrepreneurs from around the world, aimed at fostering economic relations and attracting foreign investment to Cambodia. The event brought together 220 international guests, including members of the World Linen Chamber of Commerce from various countries […]
Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of unnecessary and damaging disputes, which had caused numerous issues and uncertainty for the future of both the bank and its staff,” said Etyk in a […]
Larnaca, Cyprus, 12 November, 2024 – The Honorary Consulate of Cambodia in Cyprus proudly celebrated Cambodia’s Independence Day on November 8 at the luxurious Radisson Beach Hotel. The event drew an impressive roster of esteemed guests, including representatives from the Ministry of Foreign Affairs, Cypriot government officials, and business leaders. Notable attendees included: Ms. Koula […]
The year 2024 has brought new challenges and opportunities for the Kingdom’s luxury tourism sector. This segment of the industry, according to business insiders, is witnessing a tremendous transformation in the country with a greater number of travellers preferring it along with sustainable tourism. Over the years, Cambodia has also seen a rise in the […]
An official report released on Monday said Cambodia exported products worth $21.57 billion in the first 10 months of 2024, up 16 per cent from $18.59 billion in the same period last year. The General Department of Customs and Excise report said the main exported items included garments, footwear, travel goods, bicycles, car tires, and […]
The State Secretariat of Civil Aviation (SSCA) has announced the addition of six new flight routes connecting Cambodia to various destinations during the peak season of tourism starting this month. The new routes are Phnom Penh-Sihanoukville-Phu Quoc by Cambodia Air, Siem Reap Singapore by Air Asia Cambodia, Phuket-Siem Reap by Air Asia Thailand, Bangkok-Siem Reap […]
Three tyre factories in the country are capable of processing around 200,000 tonnes of Cambodian rubber latex annually, said Khun Kakada, Deputy Director General of the General Directorate of Rubber of Ministry of Agriculture, Forestry and Fisheries (MAFF), recently. The three factories are Cart Tire Co., Ltd., located in Bavet City, Svay Rieng Province, General […]
The total number of government employees in Cyprus reached 54,884 in October 2024, according to a statistical service report released on Monday. This figure marks a significant year-on-year increase, largely due to the addition of casual staff in the educational service. The average employment for January to October 2024 stood at 54,128 people, up by […]
Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of unnecessary and damaging disputes, which had caused numerous issues and uncertainty for the future of both the bank and its staff,” said Etyk in a […]
The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will host a Ugandan delegation, in the context of Agritrade Uganda’s visit to Cyprus, for a series of business-to-business meetings. Agritrade Uganda’s mission is to promote the country’s agricultural products on the international market, as well as to attract interest from foreign […]
The total number of registered vehicles in Cyprus increased by 11.5 per cent during the January-October period of 2024, reaching 42,930, compared to 38,503 in the same period of 2023, according to a report from the Cyprus Statistical Service. Specifically, registrations of saloon passenger cars rose by 8.2 per cent, totalling 33,440, compared to 30,897 […]
Cambodia welcomed 4.8 million foreign tourists in the first nine months of this year, marking a 22% year-on-year increase while the Philippines attracted only 4.08 million visitors. Thailand topped the list of foreign tourist arrivals to Cambodia from January to September, with 1.52 million visitors, followed by Vietnam (973,000) and China (607,000), according to a […]
Cyprus saw a notable increase in average salaries in 2023. According to the latest figures from the Cyprus Statistical Service, the average gross monthly salary for employees on the island reached 2,363 euros in 2023, a 7.3% rise compared to the previous year. This increase follows a trend observed in recent years, as the salary […]
Cyprus on Monday showcased its prospects as an investment destination at the 8th annual investment conference organised by the UK-Cyprus Enterprise Council in London. The conference also examined the opportunities arising from Cyprus’ close economic ties with the United Kingdom. Costas Hadjipanayiotou, director general of the Labour Ministry, delivered the keynote address on behalf of […]