The Cambodian tyre market is set to witness a significant boost as two new tyre factories with a combined investment capital of nearly $700 million enter the country. The two tyre factory investment projects were approved by the Council for the Development of Cambodia (CDC) in August 2024. According to the CDC, the investment project […]
Yura Harness, the South Korean car electronics assembly plant operating in the Kampong Speu province of Cambodia, is looking into expanding its operations in the country, in a move that can create more jobs for local people. Representatives of Yura Harness (Cambodia) discussed the expansion plans during a courtesy call on Cheam Chansophoan, Governor of […]
The Deputy Ministry of Social Welfare has announced the commencement of a one-off grant of €150 as part of the support package for families with school-aged children for the 2024-2025 school year. This one-off grant amounts to €150 per family and will be paid directly into the bank accounts of families eligible for the child allowance, […]
Larnaca and Paphos airports experienced their busiest month ever in August 2024, with a total of 1.6 million passengers passing through. This marks a significant increase of 5.7% compared to the same period last year. According to ACI EUROPE, the top markets for Cypriot airports were the United Kingdom, Greece, Israel, Poland, and Germany. The most popular […]
Work on the Cyprus-Greece electrical interconnection (Great Sea Interconnector-GSI) project is continuing, Greek Environment and Energy Minister Theodoros Skylakakis said after the end of the GSI meeting at the Presidential Palace. He also noted that the negotiations will continue “also at the political level”. “As the President of the Republic said, this meeting was constructive. […]
Hellenic Bank successfully completed a €100 million Senior Preferred bond issuance under its €1.5 billion Euro Medium-Term Note (EMTN) programme, according to an announcement released on Wednesday by the bank. The bond was issued after meeting the customary conditions, with the total order book exceeding €370 million, representing a 3.7-fold oversubscription. The bond will be […]
The Paphos Regional Tourism Board (Etap) this week said that preparations are in full swing in the village of Panagia as it gears up to host this year’s grape festival this coming Sunday, September 15. According to the announcement, the event is now in its fourth year and will celebrate the grape harvest with a […]
A welcome escape in the hills The expression “a little piece of paradise” is often overused, but it is very apt when it comes to The Secret Garden. We were thrilled to discover this restaurant during a day in the hills in an effort to escape the humidity of Paphos. The village is famous as […]
Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet extended welcome to and encouraged more American investors to do business in the Kingdom. The encouragement was emphasised here this morning when Samdech Thipadei Hun Manet received an American business delegation led by Mr. Patrick Murphy, Executive Vice President of Otis McAllister Co. During the meeting, […]
Cambodia’s international trade volume reached $36.48 billion in the first eight months of this year, up 16.5% from $31.32 billion over the same period last year, said an official report released on Tuesday. The Kingdom’s total exports amounted to $17.58 billion during the January to August period, a year-on-year increase of 16.7%, and total imports […]
Cambodia’s exports reached $17.58 billion in the first eight months of this year, a surge of 16.7 percent compared to the same period last year, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. Cambodia’s imports too went up reaching $18.9 billion during the January to August period […]
Prime Minister Hun Manet Tuesday welcomed the US companies seeking investment opportunities and interested in exporting Cambodian agricultural products to the US market, as well as promoting cooperation in the field of education in the Kingdom. During a discussion with the US business delegation led by Patrick Murphy, Executive Vice President of Rice and Grain […]
Total motor vehicle sales for the period of January to August rose by an annual 16% with saloon car sales increasing by 13%, including rising sales of EV and hybrid cars, data published by CySTAT show. Total registrations of motor vehicles increased by 15.9% to 34,391 in January-August 2024, from 29,673 in the respective period […]
The Monitoring Committee on the renowned Cypriot white cheese, Halloumi, will convene for its first meeting in the last week of September, Minister of Agriculture, Rural Development and the Environment Maria Panagiotou has said. Speaking to CNA, Panagiotou announced the Committee’s first meeting comprising representatives of all stakeholders in the Halloumi production process, following the […]
Sampling Ktima Gerolemo wines at Cavaway Boutique No one can argue against Omodhos village being the wine capital of Cyprus. It is surrounded by several wineries and their vineyards cover mountain tops such as Afames and Kremnos of Laona. Not far from Limassol, built on the west bank of Cha-potami, Omodhos buzzes every day with […]
A seven-metre statue of a winegrower was on Monday placed in its traditional spot in Limassol’s municipal garden ahead of the city’s 63rd Wine Festival. The festival is set to begin on September 28 and will last until October 6. The statue, known as vragaman, is of a man in traditional Cypriot dress, including a waistcoat […]