In the afternoon of March 2, 2024, Prime Minister Hun Manet, received Mario Vecchio, Chief Executive Officer and President of FreshStart Energy, for a courtesy call and discussion on the occasion of the ASEAN-Australia Special Summit in Melbourne, Australia. On the occasion of the meeting, Mario Vecchio thanked PM Hun Manet for taking the time […]
The latest service comes shortly after it announced another fifth freedom route. SUMMARY
Since establishing a base at Larnaca Airport in 2020, Wizz Air has seen remarkable growth, doubling its capacity and becoming a leading airline in Cyprus. In conversation with Phileleftheros and in-cyprus, Robert Carey, the President of Wizz Air, offers a glimpse into the airline’s strategic expansions and operational resilience amidst the complex challenges posed by the pandemic, geopolitical […]
The Research & Innovation Foundation (RIF) this week released a statement highlighting Cyprus’ impact at the “Mobile World Congress Barcelona 2024” and “4 Years from Now” (4YFN), the world’s largest exhibitions for information technology and communications. Led by Chief Scientist Demertris Skourides, along with members of the Research & Innovation Foundation, eight pioneering Cypriot businesses […]
Cambodia’s famed Angkor Archaeological Park attracted 235,850 foreign visitors in the first two months of 2024, up 50 percent from 156,951 in the same period last year. The ancient site made $11.2 million in revenue from ticket sales during the January-February period this year, also up 52 percent from $7.38 million in the same period […]
Cambodia registered 604 new electric vehicles (EVs) in 2023, bringing the total number to 1,335 in the Southeast Asian country, said a report from the Ministry of Public Works and Transport on Friday. EVs have gained momentum in Cambodia in recent years, the report said, adding that the kingdom logged only five EVs in 2020 […]
A Japanese company has decided to invest more than $1 million in the construction of an additional cashew processing plant in Kampong Thom province to increase exports to foreign markets. Touch BunHour, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries, spoke of the Japanese investment at a ceremony on Wednesday February 28 […]
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries hit $2.74 billion in January, an increase of 21.2 percent year on year, said a Ministry of Commerce report on Thursday. The report said Cambodia’s total trade volume with other RCEP members accounted for 67.6 percent of the Southeast Asian country’s total trade of […]
The state-owned Sihanoukville Autonomous Port (PAS), Cambodia’s largest shipping facility, saw a 6.35 percent rise in container volume in 2023, said its report released on Friday. The seaport handled 797,778 20-foot-equivalent units, or TEUs (standard-sized containers), last year, up 6.35 percent from 750,148 TEUs a year earlier, the report said. It added that containerized cargo […]
The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first call of a grant scheme that seeks to boost new business activity. Specifically, according to the announcement, the complete execution of the projects included in the plan should […]
Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, with RES accounting for an average of 24.8 per cent of energy used for heating and cooling in the EU. This marked a notable increase of 1.8 […]
The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place with the presence of CBC governor Constantinos Herodotou and BoG governor Yiannis Stournaras. Speaking after the signing of the memorandum, Stournaras stated that “the signing of the cooperation memorandum today […]
The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism and hospitality sectors. The event, which was held in Limassol on Thursday evening, was attended by Deputy Minister of Tourism Kostas Koumis, who highlighted the ongoing efforts to […]
The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 per cent expansion in 2022. Looking ahead to the years 2024-2026, the CBC projects GDP growth rates of 2.6 per cent, 3.1 per cent, […]
The Central Bank of Cyprus (CBC) said it expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively. CBC Governor Constantinos Herodotou has stressed that “the implementation of reforms and the emphasis on sustainable growth […]
The Cambodia-Laos-Vietnam (CLV) Trade, Investment and Tourism Fair, taking place in Laos’ southern Attapeu province from Monday to Friday, got off to a fun start with a colourful concert that portrayed the artistic talents of the three countries. The fair aims to bolster cooperation in trade, investment and tourism in the Development Triangle Area, broaden […]