New residential property sales in Cyprus showed strong growth in the first nine months of 2024, with apartments dominating the market, the Ministry of Interior reported. Data from the Department of Lands and Surveys revealed a 19.2% increase in overall residential sales compared to the same period last year, with 5,253 sale contracts filed between January and […]
Strong revenue growth, mainly stemming from social security contributions and corporate income tax, have been the main driver of Cyprus’ strong fiscal outcomes which have “improved markedly in recent years,” international ratings agency, Morningstar DBRS has said. The agency said in commentary that Cyprus’ strong fiscal outcomes were a key-driver for the trend change of […]
Forty-five years since the demise of the brutal Khmer Rouge regime in which millions of people died of starvation, Cambodia has found its feet through its culinary scene, writes Christine Retschlag On a toasty Siem Reap morning, the type that could melt the soles off your shoes, there are rats roasting on a roadside barbecue beside sizzling […]
Cambodia’s full peace, macroeconomic stability and fast and resilient economic growth are key prerequisite for Huawei’s decision to invest in the Kingdom in the past 25 years. The remarks were made by visiting Lin Baifeng, President of Huawei Asia Pacific, while paying a courtesy visit to Cambodian Prime Minister Hun Manet at the Peace Palace […]
The automotive market in the Kingdom is experiencing a period of significant growth presenting a promising opportunity for manufacturers and distributors of new cars, particularly those offering affordable models. As the country’s economy continues to expand and the middle class grows, there is a growing demand for personal transportation. Ngorn Saing, CEO of RMA Cambodia, […]
Strong revenue growth, mainly stemming from social security contributions and corporate income tax, have been the main driver of Cyprus’ strong fiscal outcomes, which have “improved markedly in recent years,” international ratings agency Morningstar DBRS has said.
The Cyprus Recovery and Resilience Plan Directorate is currently working with the European Commission to make amendments to the Recovery and Resilience Plan. The goal is to ensure timely implementation and to redirect funds from less popular projects to more promising ones. Initially, 40 projects worth 350 million euros were approved, but some, such as […]
President Nikos Christodoulides has announced more than twenty major projects and a package of political actions for the revitalisation of the Troodos mountainous area, at an estimated cost of more than €30 million. The announcement was made on 22 October in the community of Amiantos, the first stop of a tour Christodoulides will be carrying […]
A fiscal surplus of €631.8 mn or 2% of the GDP and a fiscal debt of €23,075.9 mn, which corresponds to 73.6% of the GDP have been recorded according to the results for 2023. The results have been audited and verified within the Excessive Deficit Procedure framework of the European Commission, as announced by CySTAT. Revenue In […]
TechIsland, the largest tech association in Cyprus, on Wednesday announced PwC Cyprus as the latest addition to its esteemed group of donors. “This partnership underscores a shared vision of fostering a prosperous, tech-driven future for the island, positioning Cyprus as a leading technology and innovation hub,” the association said. PwC Cyprus, a leader in professional […]
The Paphos Regional Tourism Board (Etap) on Wednesday announced that up to €25,000 in funding is available for small and medium-sized enterprises (SMEs). The funding is being made available in the context of the ‘Smarties for SMEs’ grant scheme. The scheme seeks to enhance innovation, resilience, and sustainability in the tourism sector. The announcement emphasised […]
Hermes Airports has submitted a planning application for the expansion of Paphos Airport. As part of the planning consent process, the airport operator has commissioned an Environmental Impact Assessment (EIA) for the expansion works. A draft of the Environmental Impact Assessment has been published online to allow public consultation on the project’s environmental implications during both […]
Hun Sen, President of the Senate and leader of the Cambodian People’s Party, expressed his confidence that Vietnam’s newly elected President, Luong Cuong, will further deepen the strong ties between the two nations as “good brothers, good neighbours, and good bilateral partners.” In his congratulatory message, he extended heartfelt congratulations to Cuong on behalf of […]
Cambodia’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $25.54 billion in the first nine months of 2024, up 17.1 percent over the same period last year, a report said on Tuesday. The kingdom’s trade volume with the fellow RCEP members accounted for 61.6 percent of its total trade volume during the period, said […]
Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning and Construction (MLMUPC), Monday called on the Kep Provincial Administration (KPA) to focus on achieving the objectives of Pentagonal Strategy – Phase One’s vision aimed at expanding accessibility to clean water, electricity and tourism infrastructure. Addressing a meeting to summarise the achievements of […]
Cambodia and Middle East countries including Qatar and the United Arab Emirates, as well as Europe, including Turkey have signed memoranda of understanding (MoUs) aimed at promoting direct flights, international passenger and freight traffic. The MoUs were signed separately by Mao Havannall, Minister in Charge of the State Secretariat of Civil Aviation (SSCA) and representative […]