The Central Bank of Cyprus has marginally revised down its economic growth forecast for 2025 to 3.1%, compared to the 3.2% projected in March, according to its July Economic Bulletin. Central Bank Governor Christodoulos Patsalides noted that the Cypriot economy continues to demonstrate remarkable resilience and dynamism despite international uncertainties. Economic growth reached 3.4% in 2024, […]
Service nears full bookings for 2025 The passenger and vehicle ferry route between Limassol and Piraeus is continuing to draw strong demand, with nearly full bookings reported for all scheduled sailings in 2025. According to figures published on Monday by Politis, a total of 7,719 passengers have already reserved seats for the 2025 season. Of these, 3,781 bookings were […]
Cyprus recorded a budget surplus of €619.1 million in the first quarter of 2025, according to preliminary fiscal data released on Monday by the Cyprus Statistical Service (Cystat). This marks an increase from the surplus of €575.70m reported during the same period in 2024. Total revenue rose by €231.20m or 6.8 per cent, reaching €3.64 billion in the January to March […]
CBC projects further debt drop to 57 per cent of GDP in 2025 The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the CBC revised its forecast for the country’s growth rate in 2025 to 3.1 per […]
The Cambodia Chamber of Commerce (CCC) has highlighted the success of its participation in the international exhibition “The Battery Show Asia 2025 – Mobility Tech Asia” in Hong Kong, China. During their mission, the delegation held meetings with several international investors. According to a July 19 CCC social media post, the Cambodian delegation was led […]
Wing Bank Launches Its New Bank Outlet in Kampong Thom to Drive Community Growth and Financial Empowerment Wing Bank (Cambodia) Plc has expanded its presence with the opening of its new bank outlet in Kampong Thom province, reinforcing its commitment to bringing comprehensive banking services to communities across Cambodia. The launch event was graced by […]
Despite the fact that goods produced in Cambodia will be subject to 36% tariffs on all exports to the US from August 1, Cambodia’s footwear export activities to international markets — including the US — are still showing remarkably positive signs. A report released last week by the Cambodia Footwear Association (CFA) stated that from […]
Beijing, China – China confirmed that top leaders from the European Union will visit on Thursday for a summit, as the two major trading partners seek to smooth over a series of trade disputes. “As agreed between China and the EU, President of the European Council Antonio Costa and President of the European Commission Ursula von der […]
Here are the top business stories in Cyprus from the week starting July 14: The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (Admie) for the Great Sea Interconnector project, on account of the fact that the project is “frozen”, according to reports on Friday. News website Brief […]
By Michael Ierides, Secretary General of CYMEPA Shipping is undergoing a historic transition toward a cleaner, more sustainable future. Decarbonization of the sector is now a global priority—and Cyprus is not a passive observer but an active participant in this change. The METAVASEA project, funded by the Lloyd’s Register Foundation, aims to build a practical […]
Cyprus recorded 1.843 million tourist arrivals in the first six months of 2025, marking an 11.5% increase from 1.652 million in the corresponding period of 2024, according to data released by the Statistical Service. June arrivals reached 498,527, representing a 3.4% annual increase. The United Kingdom remained the top source market with 181,610 visitors accounting for 36.4% of […]
Me and My Travels: Living between Paris and Dublin, where the podcaster and entrepeneur built her career in the luxury beauty and fashion industries, she’s been to 60 countries and plans to see the whole world. Born in New York and raised in Galway, entrepreneur Ashley McDonnell’s passion in life is travel. Living between Paris […]
Thousands of people from all walks of life gathered on Friday afternoon at the National Olympic Stadium in Phnom Penh to officially celebrate the inscription of “Cambodian Memorial Sites: From Centres of Repression to Places of Peace and Reflection” on the UNESCO World Heritage List. The event was held under the presidency of Prime Minister […]
Wizz Air has announced the launch of direct flights from Paphos to Warsaw Modlin Airport, expanding its growing network in Cyprus. The new route will begin on 2 December 2025, timed for the festive season, allowing passengers to travel directly from Paphos to Poland’s capital region. Tickets are available for booking at wizzair.com and on the […]
A new beach is to be created in the heart of Limassol, the city’s mayor Yiannis Armeftis said on Friday. Speaking to newspaper Phileleftheros, he confirmed that the area, which is located between the shipyard and the city’s marina, west of the city’s centre in an area that was previously off-limits to the public, has already been […]
SIEM REAP – Koh Ho is a small, crumbling temple nestled among lively villages, swaying palm trees, and lush farmland. Located about 12 kilometers northwest of Siem Reap city center, the temple sits beside the embankment of the vast, man-made Western Reservoir—one of the ancient Angkorian hydraulic wonders. Built in the 10th century, Koh Ho […]