Cambodia and the United States have expressed their commitment to reinforce bilateral relations and cooperation through trade and investment activities, according to the Council for the Development of Cambodia (CDC). The commitment was made during a bilateral meeting in Washington DC recently between Sun Chanthol, Deputy Prime Minister and First Vice President of the CDC, […]
A group of investors from China’s Yunnan Province recently toured the Kingdom to explore agro-processing sector opportunities, supported by representatives from the Cambodia Investment Board (CIB) of the Council for the Development of Cambodia (CDC). The delegation led by Liu Jie, deputy-director of the Yunnan Provincial Commerce Department was welcomed at the CDC’s headquarters in […]
The House Price Index (HPI) reached 112.86 points in the second quarter of 2024, marking a 2.5% increase compared to the same period last year, according to preliminary estimates from the Statistical Service. The index rose by 1.2% compared to the first quarter of 2024. The HPI measures changes in the average price of residential […]
Cyprus’ is set to deliver a fiscal surplus of €1.13 billion in 2025, equivalent to 3.3% of GDP, according to the state budged presented to the House of Representatives. The budget outlines an overall increase in revenues of 6.2% in 2025, with a slight 1.2% reduction in expenditures compared to 2024. Total state expenditure for […]
The Central Bank of Cyprus (CBC) has revised GDP growth rate up by 0.5 percentage points for 2024, to 3.5%, compared to its forecasts last June, stressing that there does not seem to be any significant negative impact on investments from the conflict in the Middle East. Τhe CBC adds that the probability of a […]
Deloitte Cyprus has issued its 13th Transparency Report, covering the period from June 1, 2023 to May 31, 2024. This report presents the firm’s reflections on the 2024 financial year, offering valuable insights and a comprehensive analysis of how it upholds its responsibilities to clients, the market, its people, and society, always adhering to the […]
Cambodia has achieved a Guinness World Record for the largest gathering of supercars at the famed Angkor Archaeological Park in Siem Reap province, Prime Minister Hun Manet announced on Thursday. A total of 179 supercars and hypercars were displayed in front of the iconic Angkor Wat Temple on September 17, showcasing the UNESCO-listed world heritage […]
Solid pub food at chain venue There’s something particularly enjoyable about unplanned joy. A recent visit to Harat’s, an Irish pub in Limassol’s tourist area, was a spur-of-the-moment decision when another restaurant across the street was full. Instead of waiting for a table, we finally tried Harat’s out. Harat’s is part of a larger international […]
During the three-day Pchum Ben festival, Siem Reap province welcomed nearly 200,000 national and international tourists, marking an increase of 50.92% compared to last year. According to the Siem Reap Provincial Department of Tourism, from October 1 to 3, 2024, over 180,000 tourists visited Siem Reap, representing a 52.74% rise from approximately 113,000 in 2023. […]
His Excellency Nikos Christodoulides, President of Republic of Cyprus: The Secretary-General of the United Nations, in his report on the Sustainable Development Goals, noted that by the end of 2022, there was more than a 50% increase in civilian deaths during conflicts and the violent displacement of 108 million people worldwide. I regret to point […]
Cyprus’s property market saw robust activity in August 2024, with the top 50 transactions across the island totalling 45.6 million euros, according to data analysed by Ask Wire. The most expensive sale was a 5.4 million euro residence in Agios Tychon in Limassol, real estate consultancy Ask Wire reported on Wednesday. Limassol and Paphos districts dominated […]
The Council of Ministers has approved a revised strategy for the primary sector containing 11 actions, with the aim of increasing the contribution of the sector to the country’s GDP. In statements after the 2 October Cabinet meeting, Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, said that the strategy includes 11 actions for the […]
The Cyprus Shipping Chamber (CSC) has expressed its support for the innovative e-learning initiative, the ‘ICS Academy’, launched by the International Chamber of Shipping (ICS) on Wednesday. ICS, which represents national shipowners’ associations globally, aims to address the growing regulatory challenges faced by the shipping industry. In a press release, the chamber emphasised the significance […]
In recent years, Cyprus has been transforming itself from a popular tourist destination into a vibrant entrepreneurial hub. But what is driving this change, and why are so many startups flocking to this Mediterranean island? Stepan Kuzmin, Co-Founder of TellYourStartup, explained that “In recent years, Cyprus has been quietly reinventing itself” adding that “Once primarily known […]
The value and volume of turnover in Cyprus’ retail trade saw a notable increase in August 2024 compared to August 2023, according to the Cyprus Statistical Service (Cystat). According to the report, the retail trade turnover value index increased by 6.9 per cent in August 2024, while the volume index rose by 5.7 per cent […]
Limassol led the way in Cyprus’ high-value real estate transactions in August 2024, contributing significantly to the total of €20.9 million in sales across the island, according to real estate analytics firm Ask Wire. Notably, the most expensive transaction was a €5.4 million house in Ayios Tychonas, Limassol, as the district dominated the top sales […]