The environment department has officially approved the expansion plans for both the Larnaca and Paphos international airports, it emerged on Thursday. The approval follows an agreement signed on December 23, 2024, extending Hermes Airports’ management until 2033, a move that paved the way for major infrastructure upgrades. The deal resolved long-standing financial disputes and facilitated the launch of Phase 2 […]
The Management of Superhome Center (DIY) Limited has announced that an agreement has been reached for the company’s sale to Vasilitsi DIY Ltd. According to an official announcement to the press, the transfer of ownership is set to be completed within the month of February and “CEO, George Giovanni, and his team will continue guiding the […]
On February 5, Cambodian Minister of Tourism Hout Hak received a courtesy visit from Mr Reto Grueninger, Director of Cooperation at the Swiss Agency for Development and Cooperation (SDC), to discuss potential collaborative opportunities in the field of tourism. During the meeting, Minister Hak and Mr Grueninger deliberated on various initiatives to foster vocational training […]
Angkor Wat has found a prominent place in the list of ‘must visit’ temples of Southeast Asia, released by leading online travel agency Agoda on Wednesday. “As the largest religious monument globally, Angkor Wat’s grandeur and intricate carvings reflect the zenith of the Khmer Empire’s architectural and spiritual achievements.” Andrew Smith, Senior Vice President, Supply […]
The Council for the Development of Cambodia (CDC) is dedicated to enhancing Cambodia’s business environment to attract foreign investment. According to Sun Chanthol, Deputy Prime Minister and CDC First President, it is evaluating the existing regulations and procedures to identify areas in need of reform. The aim is to eliminate the complexities associated with conducting […]
Prime Minister Hun Manet has expressed his support for 5G mobile phone service. At yesterday’s closing ceremony of the Ministry of Post and Telecommunications (MPTC) meeting, which reviewed and assessed the five-year (2020-2024) achievements in digital transformation and set new goals for the coming years, held at Sokha Phnom Penh Hotel, Hun Manet requested that […]
Phnom Penh, February 6, 2025 : Cambodia’s digital transformation has reached a pivotal moment, with Prime Minister Hun Manet outlining an ambitious vision for the country’s technological future. Speaking at the closing ceremony of the Ministry of Posts and Telecommunications’ five-year review (2020-2024), he stressed that digital technology is no longer a luxury but a […]
Cyprus has long been a shipping powerhouse, but its role is evolving fast to meet the needs of the digital age, according to Christoph Stork, CEO of Cyprus-based bunker trading platform XMAR. “When it comes to global shipping, Cyprus is bigger than it looks,” Stork told the Cyprus Mail. “It has built a reputation as one […]
Phnom Penh (FN), Feb. 5 – Khmer Enterprise (KE) held its 17th Board of Trustees Meeting, chaired by H.E. Hem Vanndy, Minister of Industry, Science, Technology & Innovation and KE’s Chairman of the Board of Trustees, to review its achievements in 2024 and outline key strategies for 2025. The meeting highlighted significant progress in supporting Cambodia’s […]
The Council for the Development of Cambodia (CDC) approved 64 new investment projects and four expansion projects worth $748 million by the end of January. This represents a rise of exactly 300 percent compared to the same period in 2024. As all the capital is directed toward the industrial sector, it is expected to generate […]
Bank of Cyprus has launched a €2 million rewards programme for mortgage holders affected by recent European Central Bank interest rate hikes, the bank announced. The scheme targets 13,000 eligible customers who are members of the bank’s Pronomia loyalty programme, with more than 8,500 already responding to claim their benefits, primarily opting for cash payments. Diamond […]
Energy Minister George Papanastasiou is at the forefront of government initiatives designed to strengthen support for small and medium-sized enterprises (SMEs). These initiatives primarily focus on enhancing their access to finance, as well as the streamlining of procedures through the better use of technology. Currently, the Ministries of Finance and Energy are collaboratively advancing procedures […]
Eurobank Cyprus has renewed its cooperation agreement with Cyprus Seeds, a non-profit organisation focused on the commercialisation of innovative academic research. This is the sixth consecutive year of Eurobank supporting the organisation, something which the bank said “confirms its commitment to promoting innovation and entrepreneurship”. According to the announcement, this partnership aims to bolster the startup ecosystem and ensure […]
Both apartment prices and rental costs in Cyprus increased during the fourth quarter of 2024, rising by 1.3 per cent and 1.5 per cent year-on-year, respectively, according to real estate analytics firm Ask Wire. In its latest report, the company explained that this latest increase in prices is a reflection of strong demand. A closer look at the firm’s fourth-quarter report reveals growth in specific segments, with annual sale […]
The Cambodian Investment Board of the Council for the Development of Cambodia (CDC) convened a meeting on Tuesday to review and discuss applications for the registration of 12 qualified investment projects. The meeting was chaired by Chea Vuthy, Secretary General of the Cambodian Investment Board of the CDC, with representatives from relevant ministries, institutions, and […]
Cyprus Airways will launch direct flights between Larnaca and Venice from May 30 to September 29, 2025, with fares starting at €86 one way, the airline announced on Monday. The twice-weekly service, operating on Mondays and Fridays, adds to the carrier’s expanding Mediterranean network, which includes major European cities and Middle Eastern destinations. The new route […]