Synopsis: Trade experts attribute the rise in exports to continued preferential market access and Cambodia’s competitive production costs. Cambodia posted strong export growth to both the European Union (EU) and the United Kingdom (UK) in the first five months of 2025, driven by rising shipments of bicycles, mangoes, textiles, and footwear, according to official trade […]
Synopsis: The garments, footwear and travel products (GFT) sector is the largest foreign exchange earner for the Kingdom. Cambodia exported $6,137 million of garments, footwear and travel products (GFT) in the past five months, up 23.5 percent from $4,969 million in the same period in 2024, a report from the Ministry of Commerce showed. The […]
Mr Hun Manet, Prime Minister of the Kingdom of Cambodia, received Dato’ Sri Tiong King Sing, Minister of Tourism, Arts, and Culture of Malaysia, this afternoon at the Peace Palace in Phnom Penh. On the occasion, Dato’ Sri Tiong King Sing expressed his appreciation for the strong relationship and cooperation between Malaysia and Cambodia, particularly […]
The Harmonised Index of Consumer Prices rose by 0.4% between May 2024 and May 2025, according to data published by the Statistical Service. Between April 2025 and May 2025, the HICP went up by 0.2%. Comparing the period between January-May 2025 with the same period of 2024, the HICP recorded an increase of 1.8%. Compared to […]
The aim is for the positive trend of our economy and society to continue and become noticeable to citizens themselves, Minister of Labour and Social Insurance, Yiannis Panayiotou, has said. Speaking on 18 June, he noted that the average salary has increased by 13% over the last two years, approaching €2,500, the median wage has increased […]
The completed upgrade works at the Spyros Kyprianou Sports Center, which in a few months will host FIBA EuroBasket 2025, have been presented to officials, with Minister of Transport Alexis Vafeades speaking of a “landmark day” for sports and the city of Limassol. The attendees, accompanied by FIBA Eurobasket mascot Marky Mark, were on 18 June […]
The President of the Cyprus Chamber of Commerce and Industry (CCCI), Stavros Stavrou, perceives the strengthening of business and economic cooperation between Cyprus and India, in the wake of the visit of Indian Prime Minister Narendra Modi to Cyprus, as a great opportunity and a new chapter in the investment relations between the two countries. […]
Average salaries in Cyprus have risen by 13% over the past two years, reaching approximately 2,500 euros, Minister of Labor and Social Insurance Yiannis Panayiotou announced on Wednesday, citing recent Eurostat data. The median salary has also climbed nearly 11.5% to about €1,900, while the number of workers earning below €1,000 has dropped by 30%. […]
Central Bank of Cyprus (CBC) on Monday launched a new programme aimed at enhancing financial literacy among adults, with a strong focus on developing a network of trained educators across the country. The first two-day training session for trainers began at the CBC headquarters, forming part of a broader initiative to strengthen financial education through targeted […]
As of 2024, investment in Cambodia’s automotive sector reached approximately $746 million, while exports exceeded $1.1 billion, the majority of which came from tyre manufacturing. Sun Chanthol, first vice-president of the Council for the Development of Cambodia (CDC), highlighted this remarkable progress during a June 17 meeting of the Executive Committee overseeing the implementation of […]
Synopsis: The forum in September will feature 50 booths showcasing digital products and services, e-commerce platforms, marketplaces, banks, and online businesses. The Ministry of Commerce (MoC) will organise the 2nd Cambodia Digital Trade Forum and Online Expo on September 12-13, at Koh Pich Convention and Exhibition Centre, aiming to promote and boost the export of […]
Symeon Winery seals the rising importance of Larnaca’s mountains Your next great bottle of wine might come from the under-the-radar region in Cyprus of mountainous Larnaca, or more specifically the Symeon winery. Larnaca’s mountainous region marries the old viticultural history of the island with the new, modern face of the winemaking industry. A wineries route […]
Cyprus is a place we think we all know. A majestic and mystical Mediterranean island blessed with the most beautiful sandy beaches and rolling hills. It has a reputation for being a safe and sunny destination that caters for all kinds of visitors. Mature couples enjoy calm winters away from the cold of Britain and chaotic […]
Drone Destination, a leading Indian drone technology company, will establish a European subsidiary in Cyprus, focusing on drone development, services, training, and sports. This initiative, announced during PM Modi’s visit, aims to create a comprehensive drone ecosystem across Europe. Cyprus is seen as a strategic gateway for Indian drone companies into Europe, the Middle East, […]
Tourists from the UK and Belgium have taken to social media to share their horror after their relaxing evenings by the pool were tarnished by the terrifying sight above them Holidaymakers have shared dramatic footage from their hotel balconies in Cyprus (stock)(Image: Ascent/PKS Media Inc. via Getty Images) Holidaymakers in Cyprus have experienced a chilling sight as their […]
Fintech giant acquires 200,000 sqm in landmark real estate deal with possible future plans The Bank of Cyprus has closed a major property deal with fintech firm Exness, selling land worth €75 million in Paphos, sources confirmed to Kathimerini Cyprus. The deal involves approximately 200,000 square meters of land, previously owned by the bank’s Real […]