Hermes Airports, the operator of Larnaca and Paphos airports, has released preliminary estimates for passenger traffic and airline market share for 2024. Destinations: Unsurprisingly, the United Kingdom retains the top spot for inbound and outbound travel, followed by Greece, a popular choice for Cypriot students and vacationers. Also, arrivals from Israel have rebounded, according to […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
The Cyprus Chamber of Commerce & Industry (Keve) has announced that the EU-Japan Centre for Industrial Cooperation is organising its inaugural mission to Japan, specifically targeting the smart factory and robotics sectors. This mission is scheduled to coincide with the Factory Innovation Week fair, which will take place in Tokyo in January 2025. During the three-day fair, […]
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation between CNP Assurances and its European Works Council has been completed, paving the way for the acquisition to reach a conclusion. The acquisition, subject to […]
The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 million development initiative by Lanitis Golf Public Co Ltd, is located in the Tserkezoi area of the Limassol district. This venture forms a significant […]
Cambodia’s international trade reached $26.09 billion in the January to June period this year, a rise of 12.7 percent compared to the same period last year to close the first half (H1) of 2024 on a good note, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. The […]
In a move underlining the government’s commitment to reviving the tourism sector, Prime Minister Hun Manet chaired a high-level meeting yesterday to assess the progress of the newly formed Cambodia Tourism Marketing and Promotion Board (CTB). Established on July 1, 2024, the CTB is tasked with spearheading international marketing efforts to attract tourists to the […]
The European Commission said on Wednesday it had approved a Cypriot traditional food product, Tertziellouthkia, a type of local pasta, for inclusion on the registry of Protected Geographical Indications (PGI). A PGI emphasises the relationship between the specific geographic region and the name of the product, where a particular quality, reputation or other characteristic is […]
Cyprus recorded the largest increase in housing transactions among EU countries in 2023, according to data released by the European Union’s statistical office (Eurostat). Eurostat reported that in 2023, the number of housing transactions decreased in 13 out of the 16 EU countries for which data is available, compared to 2022. This marks the second […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
Agriculture Minister Maria Panayiotou has announced a new decree concerning the milk quota for the production of Halloumi with Protected Designation of Origin (PDO) status. The Minister also announced financial measures and tools to support the sector. Additionally, Panayiotou announced the implementation of a new software for goat and sheep milk tracking, set to be […]
Cyprus Public Transport (CPT) marked its fourth anniversary, showcasing its role in transforming public transportation and attracting more passengers. CEO Julio Tiron, speaking at a media event, highlighted the company’s achievements, including daily ridership exceeding 36,000. He added that CPT employs over 600 staff, making it a leading employer. “Four years ago, we took on […]
A delegation of investors and businessmen from Australia and New Zealand recently visited Cambodia to explore potential investment opportunities. The group, led by Cheunboran Chanborey, Ambassador of Cambodia to Australia and New Zealand met with officials of the Council for the Development of Cambodia (CDC) on Monday to gain a deeper understanding of the government’s […]
Home sales in Cyprus surged 31% in 2023 from 2022, the highest increase among European Union countries, according to data released by Eurostat, the EU’s statistical service. This notable growth marks the third consecutive year that home sales in Cyprus have risen, contrasting sharply with trends in most other EU countries, where transactions have generally […]
Cambodia attracted fixed-asset investment of US$3.2 billion in the January-June period of this year, up 194 percent from US$1.1 billion recorded in the same period last year, the Council for the Development of Cambodia (CDC) said in a news release on Friday. A total of 190 investment projects have been approved during the above-mentioned period, […]