The legal merger between Eurobank and Hellenic Bank is expected to be completed within the first quarter of 2025, with the final step, the operational merger, scheduled to take place over the following two years. According to Eurobank Holdings’ latest financial results, the bank recorded a €99 million contribution to its net profits from acquiring […]
Here are the top business stories in Cyprus from the week starting February 24: Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of Engineering at the University of Nicosia. He described […]
Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025. The deal, valued at €182 million, is still pending regulatory approvals, according to preliminary results released by the bank. On November 28, 2024, the bank confirmed that the Cyprus Competition Commission had approved the transaction […]
Although global economic growth has not yet fully recovered after the Covid-19 crisis, Cambodia continues to attract investors, bringing a continuous inflow of capital, said a recent ministerial report. According to an annual 2024 report by the Ministry of Industry, Science, Technology and Innovation, by the end of last year, the Kingdom had opened four […]
Cambodia is proud to have been granted hosting rights for the AFC Women’s Asian Cup qualifying matches for the first time, announced the Football Federation of Cambodia (FFC), on Thursday, February 27. The 2026 cup will take place in Australia, in March next year. The qualifying tournament will take place from June 23 to July […]
Cambodia’s manufacturing output hit $15 billion last year, a report from the Ministry of Industry, Science, Technology and Innovation (MISTI) showed. The manufacturing products worth nearly $4 billion were supplied to the local market while other products worth $11 billion were exported, it pointed out. The report added that last year saw 326 factories established, […]
The Pich Chenda Waterfall in Battambang province boasts its all-year-round cool ambiance and the waterfall attracts more visitors during the dry season as the temperature increases, especially for the Khmer New Year in April. Muth Vicheka, a resident of Battambang city, said that he and his family and friends visited the waterfall for the second […]
Cambodia’s economy has rebounded significantly and is on track to return to its pre-COVID-19 growth, according to Minister Attached to the Prime Minister, Jean-François Tan. Speaking at a press forum on the achievements of the government of the Seventh Legislature of the National Assembly at the Office of the Council of Ministers on Wednesday, he […]
The Cambodian government is prioritizing the diversification of its industrial sector by transitioning from labour-intensive industries to knowledge-based and high-tech industries. With a 15.7 percent export growth in 2024, the government is positioning Cambodia as a regional production hub. The economy is projected to achieve a growth rate of approximately 6 percent of GDP in […]
Prime Minister Hun Manet expressed pride that countries around the world have recognised Cambodia as a model country that ended its war, achieved a lasting peace, and promoted religious freedom for all people, including Muslims. Currently, Cambodia enjoys ethnic and religious harmony and has never experienced religious conflict or violence. Approximately 5% of the population […]
Prime Minister Hun Manet (right) greets Mehmet Celepoglu, Executive Vice President for Oceania and Southeast Asia, TotalEnergies, at the Peace Palace in Phnom Penh, on Wednesday. KT/Tep Sony A multinational energy company with a global presence in various energy sectors, Wednesday praised the Royal Government of Cambodia’s (RGC) efforts in reforming tax policies and promoting transparency […]
The best English-speaking countries to retire to, where you won’t need to learn a second language as you enjoy an exotic retirement overseas. Looking to move overseas in your golden years, but concerned about finding an English-speaking country to retire to? Moving or retiring overseas is an exciting prospect, but it does come with some challenges. For […]
Tor Properties is transforming real estate in Cyprus by creating exceptional projects in prime locations. With a focus on modern comfort and convenience, each project is designed to offer a contemporary lifestyle complemented by superior facilities. Through innovation and thoughtful planning, Tor Properties delivers both practicality and premium living and working, contributing to vibrant, well-connected communities. Shinko Residences: […]
Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank in terms of financial performance and ownership structure,” said chief executive officer Michalis Louis. “The bank achieved strong financial performance in 2024 with a net profit of €383 million, up […]
The Famagusta branch of the Cyprus Hoteliers Association (Pasyxe) together with the local tourism board (Etap), celebrated the successful conclusion of their online campaign ‘Live Unforgettable Moments’. The campaign, which ran from April until the end of October 2024, has been deemed as “a major success”, reaching over 4.5 million unique users and marking a significant first in […]
Limassol named top startup city in Southern Europe Cyprus has leapt nine places in the 2024 StartupBlink Ecosystem Index, marking it as the fastest-growing startup ecosystem within the European Union, the Research and Innovation Foundation (RIF) has reported. According to the RIF, this jump showcases Cyprus’ rising prominence in this space, especially among countries with populations under 2 million, […]