The car market is still going strong, with passenger saloon car registrations reaching 24,126 in the first seven months of 2024, compared to 21,178 in the corresponding period last year, registering an increase of 13.9%. The percentage of used cars decreased marginally, which, however, still make up the majority with 13,975 registrations or 57.9%, compared […]
The Deputy Ministry of Shipping has announced that it has launched a Public Consultation for the adoption of a National Strategy on Cruise Tourism. “In recognition of the capabilities and potential of cruise tourism to reinforce economic growth, create new jobs and promote Cyprus’ culture, but also the advantages and particularities of Cyprus as a […]
The Deputy Ministry of Shipping has announced that the Council of Ministers has decided to extend the Agreement for the execution of the Cyprus-Greece Maritime Passenger Connection, for a further 3 years. According to a Ministry announcement, the decision was taken on 23 August after the evaluation of performance indicators based on the numbers of […]
The Cypriot economy is on an upward trajectory and displaying resilience, Finance Minister Makis Keravnos said on Friday, after briefing the Cabinet on the semi-annual fiscal policy report. In remarks following the cabinet meeting, Keravnos explained that the purpose of the briefing and report was to assess whether the financial indicators are in line with projections, noting […]
The Althaia barge, a new floating cold ironing unit powered by compressed biomethane, was recently launched at Limassol port, as part of the BioCNG-to-CI project. This initiative, which took place on August 13, aims to provide green electricity to ships at berth or at anchor, in turn supporting the decarbonisation of shipping and promoting the […]
Larnaca’s hotels are enjoying robust occupancy rates this summer, ranging from 80 to 85 per cent, according to Marios Polyviou, president of the Larnaca Hoteliers Association (Pasyxe). Speaking to the Cyprus News Agency (CNA), Polyviou said that “that most visitors are coming from Britain and Israel“, noting that “both July and August performing particularly well”. “We are very […]
The Governor of Kampot province Mao Thonin, presided over the installation ceremony on Thursday for a Khmer-style 35-metre-tall clock with a 9.7-metre-diameter face to attract more national and international tourists to visit Kampot. The ceremony was held at Ta Ang village, Troeuy Koh commune, Kampot city, Kampot province. Under the leadership of Thonin, the provincial […]
Cambodia and Uruguay have discussed cooperation in the agriculture sector between the two countries, especially in research and development. The discussion took place between Dith Tina, Cambodian Minister of Agriculture, Forestry, and Fisheries, and Valeria Csukasi Cabrera, Ambassador of the Republic of Uruguay to Cambodia, at the ministry’s office in Phnom Penh on Wednesday. Tina […]
Prime Minister Hun Manet encouraged the acceleration of deploying agricultural technical officers across the provinces and has approved the recruitment of an additional 1,000 officers. This initiative aims to enhance the dissemination and training of agricultural techniques for farmers nationwide, especially in the four northeastern provinces. He made this statement on Thursday on the occasion […]
The remarkable surge in investment activities in Cambodia during the first year of the new government reflects a growing confidence among investors in the country’s economic stability and future prospects. The Council for the Development of Cambodia (CDC) reported a significant increase in the number and value of new projects approved during this period. These […]
The Ministry of Industry, Science, Technology and Innovation (MISTI) weighed the challenges of launching a digital platform for the informal economy recently. The Coordinating Committee for Developing the Informal Economy presented a progress update on the strategy during the meeting held at the MISTI headquarters in Phnom Penh. The Digital Economy and Business Committee discussed […]
The Cyprus Land Development Corporation (CDLC) has outlined a development programme aimed at providing affordable housing for eligible individuals, according to General Manager Eleni Simeonidou. CDLC’s initiatives include the sale of ready-made homes at affordable prices, construction of apartment buildings for rent, and the management of urban incentives designed to provide affordable apartments from private developers. The […]
The Defence Ministry and the Electricity Authority of Cyprus (EAC) has signed a Cooperation Agreement for the installation of photovoltaic systems, with a total capacity of 12MW, and energy storage systems, at the Ministry’s and the National Guard’s facilities, following a decision taken by the Council of Ministers. The agreement was signed by the Permanent Secretary […]
PwC Cyprus partner and telecoms lead Nicos Theodoulou on Thursday highlighted key strategies for telecom leaders to remain competitive amid rapid industry changes in the “Digital connectivity is more important than ever, especially with the rollout of 5G networks,” Theodoulou said, referencing the latest PwC Global Telecoms Industry Outlook report. He pointed out the potential […]
Cypriot banks have nearly eliminated their borrowing from the Eurosystem through Targeted Longer-Term Refinancing Operations (TLTROs), with the latest data from the Central Bank of Cyprus (CBC) showing repayments totalling €2.6 billion. According to the CBC’s monthly balance sheets, the remaining borrowing through TLTROs dropped to €100 million by the end of June, down from […]
A state-of-the-art cable station and offshore submerging infrastructure will be built in Cyprus to enhance digital connectivity in the eastern Mediterranean. The strategic cooperation between Grid Telecom and Tamares Telecom was announced on Wednesday. The cooperation sets the foundations for the creation of critical infrastructure through the development of a telecommunications hub on the island’s […]