Cabinet approves national FDI screening mechanism Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the country’s protective framework, align with European Union standards on national security and transparency, and safeguard strategic infrastructure. President Nikos Christodoulides had […]
As global markets face growing uncertainty, the Cambodia Chamber of Commerce (CCC) is calling on the Kingdom’s private sector to embrace innovation, leadership, and bold transformation. This message took centre stage on Tuesday as the CCC hosted its high-level 2025 Business and Innovation Forum, gathering prominent entrepreneurs, policymakers, and business leaders to chart a resilient […]
A Cambodian financial institution has signed a partnership with a group of international service providers to expand the range of travel, healthcare, and hospitality benefits available to its cardholders, as banks in the Kingdom continue to enhance digital offerings amid rising consumer expectations. A Memorandum of Understanding (MoU), signed on Wednesday, brings together BRIDGE Bank, […]
Limassol is grappling with a serious lifeguard shortage, raising concerns over beach safety as crowds flock to the coast for the summer. Only 43 out of 79 approved lifeguard positions have been filled across the Limassol district, according to Electra Panayiotou, the acting district officer, who spoke to the Cyprus News Agency. At present, just […]
Muse Group’s journey from guitar tabs to global music tech leader From its humble beginnings as a guitar tab-sharing site in 1998, the Muse Group has grown into one of the most influential music technology companies in the world, now reaching over 400 million users. Headquartered in Limassol since 2021, the Cyprus-based company is the […]
Cambodia has taken a step toward climate-resilient development by issuing its first green bond, positioning itself alongside other developing economies which are striving to close persistent financing gaps through sustainable debt markets. This development was highlighted in a new flagship report by the UN Economic and Social Commission for Asia and the Pacific (ESCAP), launched […]
Synopsis: The scheme is in line with the Royal Government’s Pentagonal Strategy – Phase 1, focusing on economic diversification, financial inclusivity, and private sector development. In a major move to support Micro, Small and Medium Enterprises (MSMEs) and large firms in securing much-needed financing, the Credit Guarantee Corporation of Cambodia (CGCC) has launched a $200 […]
The Royal Government of Cambodia will develop a national policy to promote the agro-industrial sector in the western region of the country as part of its efforts to diversify the national economy, Prime Minister Hun Manet said on Tuesday. “I have assigned our policy-making committee to draft an investment policy focused on agro-industrial and industrial […]
Synopsis: Air Cambodia to launch flight service to Osaka and Tokyo with one stop in China. The State Secretariat of Civil Aviation (SSCA) and Japan’s Ministry of Land, Infrastructure, Transport and Tourism signed a memorandum of understanding on the flight service operation between Cambodia and Japan. The MoU was signed by Mao Havannall, Minister in […]
Synopsis: Reconnecting flights and opening new air routes have contributed significantly to the growth of air passengers and foreign tourists to Cambodia. Foreign tourist arrivals in Cambodia’s three international airports soared to 1.21 million in the first five months, a 23 percent increase over the 986,435 visitors recorded during the same period in 2024, a […]
Cambodia’s famed Angkor Archaeological Park earned $26.3 million from ticket sales during the first half of 2025, up 8 percent compared to the same period last year, said an official report released on Tuesday. The UNESCO-listed Angkor attracted 567,673 international tourists during the January-June period this year, up 8.7 percent compared to the same period […]
More than 80 projects with a total budget of over €1 billion, extending from the urban fabric of Nicosia to the suburban communities of the province, have been announced by President Nikos Christodoulides. He was speaking at the Nicosia Municipal Theater on 30 June, as part of his tour of Municipalities and Communities of Cyprus. […]
Revenue from tourism recorded an annual increase of 39.9% in April, with Cystat figures showing it had reached €304.2m in April 2025, compared to €217.4m the corresponding month of the previous year. For the period of January – April 2025, revenue from tourism is estimated at €582.5m compared to €440.7m in the corresponding period of 2024, […]
This year is pivotal for Cyprus’ tourism, President Nikos Christodoulides, has said, addressing the General Assembly of the Cyprus Hotel Association (PASYXE), in Nicosia. Speaking at the 1 July event, he said that for the government, tourism is not only a sector with a strong contribution to the country’s economy but also a key pillar of […]
The global maritime community will once again converge in Limassol this October for the Maritime Cyprus Conference 2025, a flagship event for the international shipping industry, held under the theme ‘Unlocking the Future …of Shipping’. Organised by the Deputy Ministry of Shipping, in collaboration with the Cyprus Shipping Chamber (CSC) and the Cyprus Shipowners’ Association, […]
Cyprus tourism revenue up 39.9 per cent in April Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 per cent increase compared to April 2024, when revenue stood at €217.4 million. The stastitistical service also reported that tourists from Lebanon, Switzerland and the United […]