Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on a strong footing” for the bank. “This performance demonstrates the resilience and robustness of our business model, despite the continuing challenges and uncertainty rising from […]
Eurobank Cyprus recently clinched the Digital Transformation Award at the Temenos Community Forum conference in Dublin, which took place from May 14-16. This accolade celebrates the bank’s successful execution of a three-year digital overhaul, where 85 per cent of its core banking, digital channels, data warehouse, and wealth management systems and infrastructures were modernised. By […]
Representatives from social partner organisations yesterday met at the Productivity Centre (KEPA) to discuss attracting Turkish Cypriots to training programmes offered under the European Year of Skills initiative. The government had earlier announced unilateral measures to improve the job prospects of Turkish Cypriots, including access to training programmes. KEPA, which implements the national action plan […]
Cyprus’ property market experienced price growth across most categories in the first quarter of 2024, according to the latest RICS Cyprus Property Price Index with KPMG in Cyprus. Apartments led the surge, with both sales and rental prices rising by around 10% year-on-year. Compared to the same period in 2023, apartment sales prices increased by […]
Cambodia has asked Vietnam to increase their bilateral trade volume to $20 billion shortly. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), made the request while he was accompanied by Tuy Ry, Ambassador of Cambodia to Japan, during a bilateral meeting on May 23 with […]
Cambodia has requested Japanese support for the upgrade of the Sihanoukville Autonomous Port (PAS), as well as a study into the development of a master plan which will guide the port’s development into a regional port and logistics centre by 2050. The request was via Sun Chanthol, first vice-president of the Council for the Development […]
If backpacking across Southeast Asia is there on your ‘Travel Bucket list, then there’s no way you can miss exploring Cambodia! The rustic old world charm amalgamated with the beauty of modernity makes Cambodia one of the top destinations to explore in this new year. No matter whether you are a gap year student looking […]
The Bank of Cyprus on Thursday announced the introduction of electronic dividend payments, following the European Central Bank’s approval for a cash dividend payout. Shareholders now have several options to receive their dividends electronically, ensuring a more convenient and efficient process. Specifically, shareholders of the Cyprus Stock Exchange (CSE) can choose from a number of methods to receive […]
Achieving remarkable progress, the construction of Limassol’s impressive new business hub continues to hit major milestones, showcasing a steadfast commitment to on-time completion. Neocleous Tower is a modern, sustainable, office building in central Limassol, welcoming corporations to experience the future of upscale workplace excellence. Redefining the standard for environment-focused, commercial real estate in Cyprus, the […]
The total assets of investment funds in Cyprus increased by approximately €293 million in March of this year, representing a rise of 4.5 per cent compared to December 2023, reaching €6.78 billion. According to an announcement by the Central Bank of Cyprus (CBC), which shared the latest investment fund figures this week, “this growth was primarily driven by a […]
During the period October-December 2023, the total weight of goods transported by road in Cyprus increased by 11.4% compared to the corresponding period of 2022. The weight of freight transported from and to Cyprus also increased by 8.5%, according to data published by CySTAT on 22 May. During the period January-December 2023, the total weight […]
Total assets of investment funds in Cyprus increased by approximately €293 million or by 4.5% in March 2024, compared to December 2023, reaching €6.78 billion. This was mainly due to the increase of approximately €260 million of their investments in shares and other related securities, which amounted to a total of €4.93 billion. According to […]
Cyprus’ office rental market is booming, with prices reaching a five-year high in the first quarter of 2024 and surpassing pre-pandemic levels. This surge is fuelled by robust demand, particularly for modern, Grade A office space. Market research from Danos International Property Consultants and Valuers shows a rental price increase of roughly 8.5% across Cyprus […]
PHNOM PENH, May 23, 2024 — The National Bank of Cambodia (NBC) has forecasted a healthier economic growth rate and a decline in inflation for Cambodia in 2024, despite global economic challenges stemming from geopolitical tensions and rising interest rates. In its latest report issued on Monday, the central bank projected that Cambodia’s Gross Domestic […]
According to a press release from the ASEAN+3 Macroeconomic Research Office (AMRO) on Thursday, Cambodia’s economy is predicted to grow robustly in 2024, driven by a rise in exports and a continued tourism recovery. “The Cambodian economy is projected to grow by 5.6 percent in 2024 and 5.9 percent in 2025, up from 5 percent […]
Local rice producer Amru Rice (Cambodia) is ramping up exports of its premium and organic rice varieties to the European market, capitalizing on a growing demand for high-quality Cambodian rice. The company, known for its focus on organic and sustainably produced rice, is targetting European consumers with its fragrant premium rice as Cambodia’s rice exports […]