Cambodian businesses are eager to strengthening relations with the US during the upcoming Donald Trump Administration. Shortly after president-elect Trump gave his victory speech in New York on Wednesday afternoon in Cambodia time, Prime Minister Hun Manet led the country to congratulate him. Mr Hun Manet in a Facebook post said that the great victory […]
Malis Angkor, the certification mark for Cambodian Premium Aromatic Rice, won the World Best Rice for the 6th time from the World Best Rice Competition on Thursday (Nov. 7) during the World Rice Conference 2024 held in Manila, the Philippines. The competition is organised by the International Commodity Institute (ICI) and the Rice Trader of […]
17 prominent private companies from Yunnan Province have pledged to explore Cambodia’s emerging tourist destinations, promote joint marketing activities, organize collaborative events, and develop new tour packages aimed at attracting more Chinese tourists from Yunnan to Cambodia, particularly to Siem Reap. Huot Hak, Minister of Tourism, met with the companies for a work discussion on […]
Sharing the border with Cambodia, the Central Highlands province of Gia Lai of Vietnam is striving to develop its border trade infrastructure connections with Ratanakiri province of Cambodia, aiming to strengthen economic links and make import-export turnover on par with the great potential of both countries. A highlight of this scheme is the annual border market […]
The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward securing financing from a bank for the second phase of development at both airports. Kathimerini understands Hermes Airports is in advanced talks with a bank to secure a loan for the project, pending approval […]
Crete, the flagship of Greek tourism, is extending the tourism season for another year, with the “help” of climate change, as the president of the Crete hoteliers’ association, Manolis Tsakalakis, said to the Athens-Macedonian News Agency. British tour operators have already expressed an interest in transferring airline seats of prospective tourists from the high season […]
The average gross monthly earnings for employees in Cyprus reached €2,363 in 2023, a 7.3% increase from €2,202 in 2022, marking a continued rise in income levels after a 7.1% uptick the previous year. According to CySTAT, the median gross monthly earnings stood at €1,792. Significant differences are recorded based on gender, nationality, and industry, […]
Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. This agreement, which marks the renewal of the contract initially due in 2018, will retroactively cover the period from January 1, 2019, to December […]
Greek retail chain Jumbo Group reported robust sales growth for the first ten months of 2024 at its recent shareholder briefing. This was driven by strong demand in key markets and strategic expansion across Cyprus, Greece, Bulgaria, and Romania. In Cyprus, Jumbo shop sales experienced steady growth, with October 2024 figures rising by approximately 2 […]
Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the first nine months of 2024, Hellenic Bank’s performance was strong, despite global challenges,” said CEO Michalis Louis. “By maintaining a strong capital […]
Cambodian Independence Day is celebrated annually on November 9th, marking the country’s declaration of independence from French colonisation in 1953. As a Cambodian, “Independence Day” resonates deeply with me. Growing up, I was always captivated by the vibrancy of the celebrations in my hometown. The streets were decorated with flags, music filled the air, and […]
The Ministry of Commerce (MoC), in collaboration with stakeholders in the cashew sector, held a technical meeting on “Creating the Cambodian Cashew Collective Mark” to promote Cambodian cashew products to the global market. The meeting was led by Reach Ra, Secretary of State of the Ministry of Commerce and Permanent Deputy Chairman of the Inter-Ministerial […]
A total of 30 new investment projects and one production expansion project, with a total investment of $226 million were approved by the government in October this year. Of them, nearly 54 percent of the investment capital came from Chinese investors, according to the Council for the Development of Cambodia (CDC) on Tuesday. Local investors […]
Larnaca and Paphos airports recorded a 7.14% increase in passenger traffic in October 2024 compared to the same month last year, the Ministry of Transport reported on Wednesday. “Despite escalating geopolitical tensions, we continue to see record passenger movement for the January-October period, with a 5.3% increase compared to the same period in 2023”, the […]
Cyprus’s property market is showing signs of stabilisation, with apartments remaining the only sector recording consistent growth, according to the latest RICS Cyprus Property Price Index with KPMG in Cyprus for the third quarter of 2024. Apartment prices rose by 0.8 percent quarter-on-quarter, whilst other property categories remained largely stable. Retail spaces and warehouses continued to experience low demand. […]
Cyprus’ government has announced a comprehensive package of measures aimed at reversing the country’s declining birth rate and addressing its ageing population, according to the Minister of Labour, Yiannis Panayiotou. In a press conference on 6 November he presented the measures, which focus on balancing family and professional life, increasing birth rates, and improving the […]