The Cyprus Securities and Exchange Commission (CySEC) on Thursday approved Eurobank’s request to exercise the squeeze-out right to acquire 100 per cent of Hellenic Bank’s shares. The offer price for the remaining shares has been set at €4.843 per share, payable in cash. The approval was officially granted on May 5, 2025, according to a press release by Eurobank S.A., a subsidiary […]
Eurobank boosts stake to 98 per cent Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank stated that the latest results reflect its solid capital position. It reported a pro forma Common Equity Tier 1 […]
Paphos will soon be home to the largest and most modern care home for the elderly in Cyprus, mayor Phedonas Phedonos told Cyprus Mail on Thursday. Speaking at the annual event where the municipality awards funding to local social welfare groups, the mayor revealed plans for a new permanent assisted living centre designed to serve […]
From January to April 2025, the Council for the Development of Cambodia (CDC) approved investment projects worth approximately $3.4 billion, an increase of 34 percent compared to the same period in 2024. According to the CDC, the registration of investment projects increased to 231, 80 percent from 128 in the same period last year. In […]
Over the first four months of 2025, the number of Chinese investors and tourists visiting Cambodia increased by approximately 20 to 30 percent compared to the same period last year, driven in part by renewed interest in investment opportunities following the visit of Chinese President Xi Jinping. Making these remarks on Monday, President of the […]
An official said on Wednesday that Cambodia exported garments, footwear, and travel goods worth $3.5 billion in the first quarter of 2025, up 20 percent year over year. “The growth reflects Cambodia’s sound economic performance amidst global complexities and uncertainties in political and economic aspects,” Sun Mesa, a spokesperson for the Ministry of Labour and […]
Cambodia’s e-commerce sector is poised for strong growth, with the market projected to reach $1.78 billion by 2025, up from $1.51 billion in 2024, according to iTrade Bulletin by the Ministry of Commerce (MoC). The data represents a compound annual growth rate of 17.88 percent, highlighting the rapid digital adoption among consumers and businesses. The […]
The University of Cyprus (UCY) contributed €1.186 billion to the country’s total economic output in 2024, €574 million to GDP, and supported 12,381 jobs directly or indirectly linked to its operations, according to two studies. The studies — “Economic and Social Impact of the University of Cyprus” and “Mapping the Footprint and Contribution of the […]
Cyprus is doubling down on its commitment to a greener, more competitive maritime sector, with a renewed push to enhance the Cyprus flag’s standing on the international stage, Shipping Deputy Minister Marina Hadjimanolis said this week during a policy briefing in Nicosia. “Our goal is to create a dynamic ecosystem and shape a sustainable, competitive environment for Cypriot shipping,” […]
Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 property transactions were recorded across the island in April 2025, […]
The number of unemployed persons registered at district labour offices across Cyprus stood at 8,118 at the end of April 2025, according to the latest data released by the Cyprus Statistical Service (Cystat). Based on seasonally adjusted figures, which account for regular fluctuations over the course of a year, the number of registered unemployed decreased to 9,655 in April 2025 from 10,035 […]
In April 2025 alone, the Council for the Development of Cambodia (CDC) approved 59 investment projects with a total capital of $860 million, bringing the total number of approved projects in the first four months of 2025 to 231. According to a May 6 press release from the CDC, the 59 approved projects are expected […]
Kratie — The Kratie Mekong River Bridge has achieved a significant construction milestone with the installation of its final structural beam, marking near-completion of the project. On May 7, 2025, at 10:00 AM, the Shanghai Construction Group (SCG) installed the last beam at the 26th span, thereby connecting the entire bridge structure, according to an […]
The five-star luxury hotel TUI BLUE in Sihanoukville was officially inaugurated on May 05, 2025, in the presence of Mr. Huot Hak, Minister of Tourism, and Mr. Mang Sinet, Governor of Preah Sihanouk Province. The hotel is located in Village 4, Sangkat No. 4, Preah Sihanouk Province. The luxurious TUI BLUE SIHANOUKVILLE hotel, located in […]
Cyprus aims to produce defence-related products, not only buy them, President Nikos Christodoulides said on Tuesday. He made the remarks while attending the Defea (Defence Exhibition Athens) event taking place in the Greek capital. He toured the exhibition and visited the Cyprus kiosk. “I am glad that this year the participating Cypriot defence industry companies […]
Prime Minister Hun Manet yesterday presided over the groundbreaking ceremony for a $90 million Takhmao City wastewater treatment system development project in Kandal province, stating that the project would bring “numerous benefits to the community, particularly in terms of public health and environmental protection”. The Takhmao City wastewater treatment system development project is funded through […]