Cypriot bankers have expressed their satisfaction with President Nikos Christodoulides’ recent visit to the US, where he promoted the Mediterranean country as an attractive destination for investment. Top financial figures are now calling for such missions to become a more official and regular occurrence, ideally taking place more than once a year, to create long-term […]
Finance Minister Makis Keravnos, will travel to Warsaw on Thursday, April 10, in order to participate in the Eurogroup meeting and the informal Economic and Financial Affairs Council (Ecofin), which will take place on April 11 and 12. On the morning of Friday, April 11, Keravnos will attend the Eurogroup proceedings. According to a statement […]
Cyprus recorded a trade deficit of €1.24 billion during the first two months of 2025, marking an increase of €102.7 million compared to the same period in 2024, according to the state statistical service. It should be noted that this widening of the trade gap occurred despite a significant rise in exports. Specifically, the trade […]
Bengaluru and Siem Reap will become sister cities, marking a new chapter in cultural, diplomatic and economic ties. As a symbol of this partnership, both cities are establishing monuments to represent and honour each other. The provincial administration of Siem Reap and the state government of Karnataka, a province that hosts the Indian Information Technology […]
The General Department of Immigration (GDI) has warned of a fraudulent website that charges potential guests to Cambodia for entering online information for entry to the Kingdom. According to an April 9 statement by the Ministry of Interior’s GDI, the cambodia-e-arrival.com website is not a government-affiliated site. The statement noted that “www.arrival.gov.kh” is the only official government […]
172 investment projects with a total investment capital of approximately $2.5 billion, planned to create approximately 120,000 jobs, were approved by the Council for the Development of Cambodia (CDC) in the first quarter of 2025. According to a CDC press release on April 8, “In the first quarter of 2025, the CDC registered 172 investment […]
Approximately 1.26 million foreign tourists visited Cambodia in the first two months of 2025, marking a 27.9 percent increase compared to the same period last year, according to a report released by the Ministry of Tourism on April 8. Thailand topped the list of source markets, contributing 351,934 visitors, up 42.2 percent, followed by Vietnam […]
Five key topics related to the investment climate and business operations in Cambodia were discussed during the 2nd Cambodia-Europe Public-Private Sector Dialogue, held on April 7 at the Council for the Development of Cambodia (CDC) headquarters in Phnom Penh. The event was co-chaired by Sun Chanthol, Deputy Prime Minister and First Vice President of the […]
Paphos remained the leading district for property sales to foreign buyers in Cyprus during March 2025, recording 204 transactions and outperforming all other regions, according to figures released by Leptos Group on Wednesday. Limassol followed with 172 sales, while Larnaca recorded 152, Nicosia 54, and Famagusta 25 transactions to foreign purchasers. International demand for Paphos properties surged […]
Larnaca and Paphos airports handled 707,304 passengers in March 2025, marking a 5.91 per cent rise compared to the same month last year. It was the strongest performance ever recorded for the January–March period, with total traffic up by 6.79 per cent year-on-year. According to the Transport Ministry, Larnaca airport posted a 15.17 per cent […]
Cyprus’ general government recorded a surplus of €654.2 million in the first two months of 2025. This represents 1.9 per cent of the country’s Gross Domestic Product (GDP), according to preliminary fiscal results released by the state statistical service on Tuesday. This marks a notable increase compared to the corresponding period in 2024, when a […]
Cyprus is stepping up its push to join the Schengen zone, a development seen as critical for reinforcing the island’s appeal to investors and simplifying cross-border activity for companies. Alongside Ireland, Cyprus remains one of only two EU member countries outside the passport-free travel area. However, president Nikos Christodoulides has made clear that the country […]
The recently held Capital Link Cyprus Business Forum focused on the progress, opportunities, and developments related to the Cypriot economy. The event, held at the Metropolitan Club in New York City, was sponsored by Hellenic Bank, a member of the Eurobank group. The forum aimed to highlight the prospects of the Cypriot economy and attract […]
Prime Minister Hun Manet urged provincial and municipal administrations to continue developing pedestrian streets, also known as Walk Streets, to attract more national and international tourists. The premier stated on Monday at the official inauguration ceremony of the two-storey Morodok Techo Flyover at the Kbal Thnal area in Phnom Penh. He emphasised that these Walk […]
Cambodia has recorded a 67.6 percent increase in the number of Chinese tourists in the first two months of 2025, said the Cambodian Ministry of Tourism’s report released on Monday. A total of 184,372 Chinese visitors traveled to the Southeast Asian country during the January-February period of this year, representing a 67.6 percent increase from […]
The Deputy Minister of Shipping to the President, Marina Hadjimanolis, visited New York between 3 and 5 April as part of efforts to promote and showcase Cypriot shipping. During her contacts, the Deputy Minister presented the advantages of the Cyprus ship registry and maritime cluster, highlighting the investment opportunities offered by the establishment of shipping […]