Cytacom Solutions Ltd, a subsidiary of Cyta, on Thursday announced that it recently signed the renewal of its collective labour agreements for the 2025–2027 period. These agreements, the company said, cover both its monthly and hourly-paid staff. Moreover, according to a statement issued by Cyta, the agreements “confirm the strong cooperation and mutual trust between […]
Cyprus recorded a trade deficit of €3.26 billion in the first five months of 2025, slightly up from €3.18 billion in the same period of 2024, according to figures released on Thursday by the statistical service. Specifically, total imports of goods from January to May 2025 amounted to €5.37 billion, rising by 13.7 per cent from €4.73 billion in […]
Financial literacy and AI focus of NBG innovation programme The National Bank of Greece on Thursday announced the launch of its 16th Innovation and Technology Competition as part of its NBG Business Seeds programme. “This initiative is the longest-running innovation support institution in Greece and Cyprus, promoting individuals with vision and offering them the tools and guidance needed […]
Invest Cyprus chairman Evgenios Evgeniou addressed foreign investors at the 13th Invest Cyprus International Investment Awards in Nicosia on Wednesday, reaffirming the organisation’s commitment to working with the international investment community to build a more diversified and innovative Cyprus. Speaking at the event, Evgeniou highlighted the growing confidence in Cyprus as an investment destination, pointing […]
Chief Scientist Demetris Skourides recently completed a high-level business visit to the United Arab Emirates, according to an announcement released on Thursday. The visit aimed to “reinforce Cyprus’ role as a forward-looking hub for artificial intelligence, deep technology, and innovation-led economic growth”. “The visit formed part of Cyprus’ broader strategy under Vision 2035 to foster […]
MUMBAI: In a landmark move that signals bold ambitions for international expansion and cross-border innovation, HT Labs, the innovation and product arm of HT Media, has signed a strategic Memorandum of Understanding (MoU) with The Doers Company—organisers of Europe’s leading innovation events such as Reflect Festival and the upcoming Doers Summit. The MoU was formalised […]
An air-conditioned space was opened on Wednesday by Larnaca municipality to offer mostly the elderly a place to cool off in the face of extremely high temperatures. It said the safety and wellbeing of citizens was its priority. The space is located in Chrysostomio Melathro, Epidavrou 22-24 and is open daily from 8am to 5pm. Cool […]
Synopsis: Cambodia is actively negotiating free trade agreements with several countries and preparing to access new markets, ensuring that Cambodia is not overly dependent on any single partner. Prime Minister Hun Manet is scheduled to chair a crucial meeting next week to review Cambodia’s procedures and proposals aimed at expanding the export of agricultural products […]
Synopsis: Once operational, the airport is projected to handle six times the passenger capacity of the current Phnom Penh International Airport. The State Secretariat of Civil Aviation (SSCA) yesterday officially announced that the Royal Government of Cambodia has agreed in principle to designate September 9, as the opening date of the Techo International Airport, a […]
The new discovery of natural gas in Cyprus’ exclusive economic zone (EEZ) in offshore Block 10 reaffirms the country’s energy potential, President Nikos Christodoulides said in a post after a teleconference with ExxonMobil Vice President, John Ardill, and being informed that the ‘Pegasus-1’ well drilling, within offshore Block 10, indicated approximately 350 metres of gas-bearing […]
Total motor vehicle registrations in Cyprus fell in the first half of 2025, according to data released by CySTAT. Specifically, registrations reached 25,954, marking a 1.1% decrease compared to 26,250 in the corresponding period of 2024. Despite the overall decline over the six-month period, June showed a positive trend, with a 13.1% increase in registrations, […]
Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover in the broad trade sector rose by […]
Bash 2025 draws 185 participants in Cyprus’ key startup meetup Cyprus’ innovation ecosystem gathered momentum this week as ‘The Bash 2025’ brought together 185 participants for the country’s flagship startup and networking event. Now in its fifth year, the gathering has cemented its role as a key platform for idea exchange, partnerships and collaboration. The […]
Synopsis: Cambodia’s economic future must be built on a foundation of strong and diverse human capital, not just a few individuals, but a large, skilled workforce across all sectors. Prime Minister Hun Manet Tuesday said that the Royal Government has always prioritised investment in human resources, recognising them as essential assets for managing and strengthening […]
In the first half of 2025, the Council for the Development of Cambodia (CDC) approved 373 investment projects with a total capital of approximately $5.8 billion. Nearly two-thirds of them were in the industrial sector. According to a July 7 CDC press release, the projects are expected to create about 255,000 jobs. Compared to the […]
Synopsis: The increase in electric vehicles usage aligns with a rapidly accelerating global trend, and Cambodia is witnessing a parallel development of its own EV sector. Cambodia Monday introduced an electricity pricing mechanism for electric vehicle (EV) charging stations, with rates potentially reaching KHR 1,050 per kwh ($0.26), as the country experiences a surge in […]