The betting industry now accounts for 3.72% of Cyprus’ GDP, according to Permanent Secretary of the Ministry of Finance George Pantelis. Speaking at the 7th Safe Betting Conference, Pantelis officially launched the Safe Betting Week, a national initiative established seven years ago by the Cyprus National Betting Authority (EAS). According to a statement released by […]
Cambodia has secured 315 fixed-asset investment projects worth $5.28 billion during the first nine months of this year, a report from the Council for the Development of Cambodia (CDC) showed. The CDC report indicates that the projects have generated over 250,000 new jobs, providing employment opportunities for a large segment of the Cambodian workforce. The […]
The CEO of the Eurobank Group, Fokion Karavias, stressed his commitment to practically supporting Hellenic Bank, on his first visit, since Eurobank took it over. He was accompanied on his visit by deputy CEO Stavros Ioannou. Eurobank’s executives, accompanied by Hellenic’s CEO, Michalis Louis, had the opportunity to visit the bank’s branches and business centres, […]
The general government surplus in Cyprus surged by €469.9 million for January-August 2024, reaching €1.36 billion or 4.3 per cent of GDP. This total contrasts with the €898.5m (3.0 per cent of GDP) for the corresponding period of 2023, according to preliminary fiscal results from Cystat. A total revenue boost of €1.07bn (13.0 per cent) […]
Executives from Cyprus’ banking and real estate sectors met Monday to discuss aligning remittance rules with European standards and guidelines. The meeting between executives of the Cyprus Land and Building Developers Association (LBDA) and the Cyprus Bank Association (CBA) also looked at ways of streamlining housing loan approvals, especially for projects awaiting building permits. This […]
Deputy minister of tourism Costas Koumis said that urgent joint actions were needed to safeguard Mediterranean coasts and seas and maintain their allure, at a ministerial meeting in Messinia, Greece, hosted by Greek Minister of Tourism Olga Kefalogianni. Koumis, attending the launch of the “Research and Monitoring Centre for Coastal and Maritime Tourism in the […]
RAVATAR made a debut during the European Researchers’ Night 2024 in Nicosia, unveiling its AI-powered hologram of Marie Curie. The innovative showcase demonstrated how artificial intelligence can transform the way we engage with science and history, bringing the scientist back to life in a way that resonated deeply with the audience. The European Researchers’ Night, […]
The Ministry of Tourism has released a collection of beautiful images of Cambodia’s iconic Angkor Temple complex. To describe the images, the Ministry states: ‘Just wow! The features of Angkor Wat temple are in 3 colors: gold in the morning, silver in the day and bronze in the afternoon.’
The government is focusing on boosting clean and renewable energy through a group of power projects approved for the 2024-2029 period in line with the government’s sustainable development goals. The commitment to sustainable energy was reaffirmed by Minister of Mines and Energy Keo Rottanak during the recent “Cambodian Energy Policy” forum held at the Royal […]
Cambodia attracted $396 million in fixed-asset investment in July this year, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. Cambodian government approved 44 investment projects last month, which could generate approximately 25,000 jobs, according to the CDC. The new projects included a special economic zone, an aluminum processing […]
The Board of Directors of the American Chamber of Commerce in Cyprus (AmCham) recently had a co-operation discussion meeting with Maria Pappas, President of the Cyprus – US Chamber of Commerce (USA). According to an announcement after the meeting, fruitful deliberations took place as regards ways and means of enhancing collaboration between AmCham and the […]
The island’s next generation may be turning the page on poor reading habits Despite Cyprus being ranked as one of the lowest in Europe for book spending and literacy rates, you’d never guess it if you attended the Nicosia Book Fest! This weekend’s event, now in its second day, was going strong at Acropolis Park this morning with […]
The Royal Government of Cambodia (RGC) and the Financial Services Agency (JFSA), Japan’s top regulator, discussed ways to promote transition finance in banking supervision. The discussions took place during Chea Serey, Governor of the National Bank of Cambodia (NBC), and Mey Van, Secretary of State of the Ministry of Economy and Finance (MEF), participation in […]
The second edition of the Smile of Cambodia campaign is set to unfold later this month in Siem Reap province coinciding with the 20th anniversary of King Norodom Sihamoni. The Siem Reap Provincial Administration made the announcement on Sunday that the second part of the Smile of Cambodia campaign would unfold on October 29 and […]
Cyprus’ two major airports, Larnaca and Paphos, recorded an increase in passenger traffic in September. Specifically, 1.4 million passengers passed through the airports last month, representing a 7% increase compared to the same period in 2023. This marks the highest number of passengers for September in the airports’ history. The United Kingdom, Greece, Israel, Poland, and Germany were […]
In July 2024, the Industrial Turnover Index reached 152.7 units (base 2021=100), recording an increase of 6.,3% compared to July 2023, according to data published by CySTAT. In manufacturing, the Industrial Turnover Index for July 2024 reached 142.8 units, recording an increase of 8.4% compared to July 2023. Increases were also recorded in the sectors […]