The economy is advancing positively and shows resilience, Minister of Finance Makis Keravnos has said. Keravnos submitted the six-month fiscal report and briefed the cabinet on the course of the economy, on 23 August. In statements after the cabinet meeting, Keravnos said the aim of the report is to ascertain whether the economic fundamentals lie […]
The Cyprus regional finals of the Startup World Cup 2024 are set to take place on Thursday, August 29, at the BrainRocket premises in Limassol. The event will spotlight the region’s most promising startups, culminating in a chance for the winning team to compete at the Grand Finale in San Francisco. The Startup World Cup is a prestigious global event […]
Demand for modern office spaces in Cyprus, particularly in Limassol, remains strong in 2024, as companies pursue energy-efficient buildings, according to a report released on Monday from property consultants Danos. The company reported that office prices continue to rise, despite an increase in supply, following a significant low in early 2022 with rents now approximately 14 per cent […]
Country is on track to meet Maastricht debt threshold by 2026 Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from the Cyprus Statistical Service (Cystat), the total general government debt was recorded at €22.81 billion at […]
PHNOM PENH, July 10, 2024 — The latest data from the Ministry of Public Works and Transport reveals a significant increase in the registration of electric vehicles (EVs) in Cambodia, signaling a shift towards more sustainable transportation options. In the first half of 2024 alone, 2,968 electric vehicles were registered, encompassing 914 motorcycles, 440 tricycles, […]
Minister of Industry, Science, Technology, and Innovation Hem Vanndy presided over the official launch on Friday of RMA Cambodia’s latest electric vehicle (EV) models, the Chang An Deepal LO7 and SO7, a step forward in Cambodia’s EV journey and technological innovation. According to the Ministry of Industry, Science, Technology and Innovation (MISTI), in his opening […]
A Tokyo-based startup has opened in Cambodia a Japanese-style kindergarten amid a shortage of teachers in the country. Wonderfy Inc, known for its cognitive development apps for young children with over three million users in more than 150 countries, launched the school in Phnom Penh and plans to later expand operations nationwide. In a ceremony […]
A total of 391 investment projects with a combined capital of about $7.6 billion were endorsed by the Council for the Development of Cambodia (CDC) between September 2023 and July 2024. The figures were shared by Prime Minister Hun Manet in his special statement on the “One-Year Achievements of the Royal Government of the 7th […]
The Kingdom’s rice export target of 1 million tonne by 2025 appears viable. While the achievement will bolster the confidence of current production systems down the line, it will also become a potent factor in Cambodia attaining a high-middle-income country status by 2030 and a high-income one by 2050. The growing clout of Cambodian rice […]
Here are the top business stories in Cyprus from the week starting August 19: A total of 6.6 million passengers traveled through Cyprus’ airports between January and July this year, according to airport operator Hermes Airports. Looking ahead, the company said that it expects the figures for August to exceed 1.5 million passengers, similar to […]
Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from the Cyprus Statistical Service (Cystat), the total general government debt was recorded at €22.81 billion at the end of June, a reduction from […]
United Luck Consortium has purchased Outfit7, the maker of the wildly popular Talking Tom mobile app, for $1 billion. The buyer is not actually the previously rumored acquirer, Chinese chemical firm Zhejiang Jinke Entertainment Culture. Rather, Outfit7 Investments Ltd. (Outfit7) said in a press release that its shareholders have sold 100 percent of the company to a consortium […]
Cambodia’s prime minister has led a celebration of the return of dozens of precious centuries-old artifacts from museums and private collectors abroad Cambodia’s prime minister on Thursday led a celebration of the return of dozens of precious artifacts from museums and private collectors abroad, and said his government will continue working to bring more home. […]
More than 3.74 million international visitors were registered in Cambodia in the first seven months of this year, up 23.2 percent compared to the same period of 2023, a Ministry of Tourism’s report showed on Thursday. Thailand topped the list of foreign arrivals to Cambodia during the said period with 1,147,534 visitors, the source added, […]
Cambodia and Thailand are working to push the bilateral trade to reach the target set by 2025, said a senior official of Thailand’s Ministry of Commerce. Under the Joint Commission for Bilateral Cooperation between Cambodia and Thailand, both countries agreed to further promote trade and investment and to review the implemention of remaining tasks mandated […]
The resort town of Ayia Napa is experiencing its strongest post-pandemic tourism season to date, defying expectations of lower arrivals due to Middle East tensions, Mayor Christos Zannettou told local media on Thursday. All data, including overnight stays, bed occupancy, and wastewater flow, show an increase from 2023, Zannettou said, noting a rise in visitors from both […]