The government is now aiming for the 2024 growth rate to exceed 4%, Government Spokesperson Konstantinos Letymbiotis said, following a flash estimate by the Statistical Service for a growth rate of 3.6% (3.7% when adjusted seasonally and based on working days). In a recent post on X, Letymbiotis notes that the Cypriot economy continues its upward trend, “through […]
GDP growth rate in real terms during the second quarter of 2024 is positive and it is estimated at 3.6% compared to the corresponding quarter of 2023, according to a flash estimate issued by CySTAT. Based on seasonal and working day adjusted data, GDP growth rate in real terms is estimated at 3.7%. This is the […]
On September 26 2024, the city of Limassol will host TEDxMolos Women 2024, an event designed to highlight and celebrate the evolving role of women in leadership. The event, set to take place at the historic Plevsis Hall in the Old Port of Limassol, will run from 18:30 to 22:00, promising an evening of inspiration […]
The assets of investment organisations in Cyprus increased by 0.9 per cent during the second quarter of 2024, according to a report released on Friday by the Central Bank of Cyprus (CBC). The central bank’s report showed that the total assets of investment organisations reached €6.85 billion by June 2024, up from €6.79 billion in […]
KUALA LUMPUR, Aug 16 (Bernama) — Cyprus, an island nation nestled in the Mediterranean Sea, is a holiday and investment destination worth considering, thanks to its rich history, natural beauty, and thriving economy. Consul Salah Essa of Cyprus’s Honorary Consulate in Phnom Penh, Cambodia, highlighted Cyprus’s appeal to holidaymakers and investors from Asia, including Malaysia, inviting them to explore […]
PHNOM PENH – Masahiko Metoki, Director General of the Universal Postal Union (UPU), has reaffirmed the UPU’s continued support for the postal sector in Cambodia. During a courtesy call on Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh yesterday, Masahiko praised the progress and success of the project to modernise postal operations […]
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries has surged by 16.8 percent to reach a remarkable $19.87 billion in the first seven months of this year, a report from the Ministry of Commerce showed yesterday. The Kingdom’s RCEP trade accounted for 62.9 percent of Cambodia’s total trade volume during the period. From […]
Vietnam remained the second biggest export market of Cambodia after the US in the first seven months of the year buying goods worth $2.2 billion from the Kingdom, a rise of 37.7 percent compared to the same period last year, according to the latest trade data from the General Department of Customs and Excise (GDCE). […]
Cyprus is set to enhance its traffic enforcement systems with two new lists aimed at improving the management of traffic violations captured by speed cameras. The first list, known as the “photoradar list,” will track individuals who have been notified of traffic fines via mail but have not collected their citations. The second list will […]
How venture capital can help transform Cyprus’ startup landscape By Andreas Panayi Despite the progress and momentum Cyprus has built over the past few years, it’s undeniable that our startup ecosystem is still in its infancy. Critical mass is still lacking and a couple of key foundational elements are not easily accessible. Without addressing these […]
The First Vice President of the Council for the Development of Cambodia (CDC), Sun Chanthol said that in the first 11 months of the seventh term, led by Prime Minister Hun Manet, 237 investment projects were approved with an investment capital of over $6 billion, an increase of 220%, indicating the efforts of leaders to […]
The Ministry of Tourism has announced that from August 5 to 11, Cambodia welcomed approximately 361,200 domestic tourists and 65,000 international visitors. This influx of travellers highlights the country’s growing appeal as a destination of choice in the region. During this period, 17,355 tickets were sold to foreign tourists for the Angkor Archaeological Park, reflecting […]
Cambodia’s famous Angkor Archaeological Park received 44,053 Chinese visitors in the first seven months of this year, up 33.4% over the same period last year, the state-owned Angkor Enterprise said in a report on Wednesday. The number accounted for 7.5% of total international tourist arrivals to the ancient park during the January-July period this year, […]
A record 128,000 individuals with a net worth exceeding €1 million are expected to change their country of residence this year, exceeding the previous year’s record of 120,000, according to UK-based consultants Henley & Partners. The reason for the new record are plans by the UK’s new Labour government that will abolish or significantly modify […]
The Ministry has announced new investment interventions through the Strategic Plan of the Common Agricultural Policy 2023-2027, featuring subsidies amounting to €10 million. These are investments to modernise and improve the competitiveness of the overall performance and sustainability of agricultural holdings, as well as investments that contribute to the protection of the environment and animal […]
Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]