President Nikos Christodoulides has revealed that Cyprus has put forward the idea that some EU member states should undertake the initiative for the Union to examine the possibility of suspending the implementation of taxations, particularly related to the green transition or if needed cancel them, so that they do not affect EU competitiveness negatively. In a doorstep […]
Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement on Tuesday to acquire most of AstroBank’s assets and liabilities. That followed the earlier dissolution of the Cooperative Bank and the closure of RCB Bank, which had left the island with only two systemic banks. The acquisition, valued […]
The Cyprus Stock Exchange (CSE) on Friday announced revised reception desk hours for the months of July and August 2025. According to the official statement released by the exchange, the updated schedule will apply specifically to the reception area located within the CSE building. On Tuesdays, the reception will operate from 07:30 to 14:00 and from 15:00 to 17:00. […]
CSE confirms Hellenic Bank delisting Eurobank on Friday announced its intention to explore a parallel listing of its shares on the main market of the Cyprus Stock Exchange (CSE), following the successful completion of its acquisition of Hellenic Bank. This move marks what the bank described as “the largest foreign investment ever implemented in Cyprus”. The development comes in […]
The leader of Wuxi Guolian Group Co., Ltd., based in Wuxi City, Jiangsu Province, People’s Republic of China, is exploring investment opportunities in Cambodia’s priority and high-potential sectors, particularly in finance, manufacturing, green energy, and renewable energy. Hua Xiao Feng, Vice President of Wuxi Guolian Group Co., Ltd., revealed the investment plan in a meeting […]
Chinese investment giant Wuxi Guolian Group has expressed an intention in contributing to the development of the Sihanoukville Special Economic Zone (SSEZ) through investment in the processing of agricultural products for export to China. Hua Xiao Feng, vice-chairman of Wuxi Guolian Group, met with Chea Vuthy, secretary-general of the Council for the Development of Cambodia […]
Jonathon Holdsworth was born in Yorkshire, England — but his taste buds belonged somewhere else. When he finally visited Cambodia, he discovered the food he’d unknowingly been searching for all his life. That revelation sparked not only a love for the country but also a calling: To become a content creator showcasing Cambodia’s rich culinary […]
Synopsis: Ministry of Industry, Science, Technology and Innovation introduces standardised evaluation framework aimed at boosting Cambodia’s science, technology, and innovation capacity. In a bold step towards transforming Cambodia into a knowledge-based economy, the Ministry of Industry, Science, Technology and Innovation has unveiled a standardised evaluation framework designed to measure and enhance the country’s science, technology, […]
Synopsis: The influx of new carriers will expand the total number of airlines operating at SAI to 16. Siem Reap Angkor International Airport (SAI), the gateway to the wonderful Angkor Wat temples, is set to see more airlines operating international flight services by the end of 2025, a State Secretariat of Civil Aviation senior official […]
Synopsis: Both sides express their commitment to working closely toward reaching a common decision, benefiting both countries. Days after the Royal Government of Cambodia (RGC) submitted three key documents to the US office in Washington DC, the Council for the Development of Cambodia (CDC) Wednesday hosted an online meeting with the United States Trade Representative […]
Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023. The total salaries declared by these employees reached €1.31 billion, with exemptions ranging between 20 and 50 per cent depending on individual cases. The incentives […]
The China Enterprises Chamber in Cyprus (CECC) held its founding assembly in Limassol on Wednesday evening, with a view to strengthening business ties between Cyprus and China. The establishment of the CECC was welcomed by the Minister of Labour and Social Insurance, Yiannis Panayiotou, and the Chinese Ambassador to Cyprus, Liu Yantao, who expressed their […]
The Ministry of Commerce (MoC) is developing a comprehensive policy on Cambodian pepper, Va Rutsan, Secretary of State at the Ministry of Commerce, said on Tuesday. He made the statement while speaking at a workshop organised by the MoC in Tboung Khmum province. The workshop was held in cooperation with the provincial administration. Senior officials of […]
Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC), Sun Chanthol, welcomed a delegation from the Coca-Cola Cambodia Beverage Company, led by CEO Paulo Gaspar Rodrigues, to the CDC’s office yesterday for a courtesy call. This meeting was organised to discuss the latest developments in the company’s investment […]
Vietnam currently holds 215 investment projects in Cambodia, focusing on agriculture, telecommunications, banking, financial services, food processing, mining, aviation, and tourism, according to Nguyen Minh Vu, Ambassador of the Socialist Republic of Vietnam to the Kingdom of Cambodia. Speaking to AKP on the occasion of the 58th anniversary of diplomatic relations between Vietnam and Cambodia, […]
Transport Minister Alexis Vafeades has announced a new scheme to boost e-mobility in Cyprus, following its approval by the Cabinet. Speaking after the 25 June Cabinet meeting, Vafeades said the scheme was part of the state’s ongoing commitment to the transition to clean and sustainable forms of transportation and aimed at boosting the market for […]