Here are the top business stories in Cyprus from the week starting July 1: Energy Minister George Papanastasiou recently pointed out Egypt’s pivotal role as a key partner for Cyprus during his interview with the Cyprus News Agency (CNA) on Sunday. This statement was made in the context of the EU-Egypt Investment Conference in Cairo, which unfolded […]
The relationship between Cambodia and Japan exemplifies a genuine heart-to-heart connection, defined by mutual respect, trust, and a shared vision and interests. Marking the 70th anniversary of their formal diplomatic ties last year, both countries elevated their relationship to a ‘comprehensive strategic partnership’. This underscores the deep trust and comprehensive cooperation between the two nations. […]
Cambodia and Japan Saturday in principle agreed to strengthen and expand cooperation on infrastructure and connect maritime space through participation in the design and development of Sihanoukville Autonomous Port. The two countries also agreed to expand cooperation in the economic field and attract Japanese investment. Key issues pertaining to economic development cropped up during the […]
The Council for the Development of Cambodia (CDC) approved $3.2 billion in fixed-asset investment for 190 projects during the first six months of 2024, nearly double (up 194 percent) the investment from the $1.1 billion recorded for the same period last year. CDC said that it had approved 190 investment projects, a 68 percent increase […]
It may not feel quite like it, but Britain is well and truly in its summer months. But once we enter autumn and then winter, the mercury will unsurprisingly tumble and the days shorten. So, if you’re looking to escape the winter blues this year and catch some sun, why not look east and head […]
Cyprus was cited as an example to follow regarding its startups environment that is second only to tourism in contribution in the island’s economy at a major conference in Athens last week. “Technology is everywhere; it is our future and the future of the next generation by promoting transparency and changing areas in our daily […]
Cyprus’ Industrial Turnover Index rose by 11.1 per cent in April 2024, when compared with the same month of the previous year, according to a report released on Friday by the Cyprus Statistical Service (Cystat). Delving into the details, the industrial index for April 2024 climbed to 133.8 points, based on the 2021 benchmark of […]
The Paphos Chamber of Commerce and Industry (Evep) has teamed up with the European Affairs Unit, allowing them to jointly participate in the Green Synergy programme, which is supported by the European Union’s Erasmus+ programme. This initiative is expected to foster environmental sustainability and spur economic growth in the Paphos business community. According to an […]
Robotex MRC 2024, Cyprus’ largest educational robotics festival, concluded with resounding success over the weekend of June 29 and 30. Organised by the Cyprus Computer Society (CCS) and hosted at the University of Cyprus Sports Centre, the event drew hundreds of participants and captivated thousands of visitors. In a ceremonious opening, Nicodemus Damianou, the Deputy […]
From January to June 2024, the Council for the Development of Cambodia (CDC) approved 190 new projects, production expansion projects, and special economic zone investment projects with a total investment of $3.2 billion and can create 168,572 jobs. A press release issued by the CDC on July 5, 2024 states that, compared to the same […]
Cambodian Senate President Hun Sen and French Ambassador to Cambodia Jacques Pellet expressed satisfaction over the increase in trade between Cambodia and France and the rise in French investment in Cambodia. Hun Sen received a courtesy call from French Ambassador to Cambodia Jacques Pellet on 4 July 2024 at the Senate. During the meeting, the […]
In a tremendous fillip to the Kingdom’s burgeoning tourism industry, acclaimed travel portal TripAdvisor has ranked Angkor Wat as the number one landmark in the world. The travel planning and booking site granted the top honour to Siem Reap’s prime attraction in Asia as well. Along with Angkor Wat, the portal also picked three more […]
Cyprus made “notable progress” in 2023 “in gigabit connectivity infrastructure (FTTP), and in the share of ICT specialists in employment, however important challenges persist in at least basic digital skills and e-health. In its Digital Decade Country Report 2024 for Cyprus, the European Commission says “Cyprus has made significant progress over the last few years.” […]
SEPANG, 3 July 2024 – AirAsia today celebrated its first inaugural flight from Kuala Lumpur to Sihanoukville, Cambodia’s coastal city and also the capital of Sihanoukville Province, locally known as Kampong Som. The inaugural flight departed from Kuala Lumpur International Airport (Terminal 2) at 12:10 PM and landed at Sihanoukville International Airport also known as […]
Credit rating agency Fitch Ratings this week upgraded Hellenic Bank’s long-term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with a stable outlook, and its Viability Rating (VR) to ‘bbb-‘ from ‘bb+’. In an announcement released on Tuesday, Fitch stated that this upgrade primarily reflects the recent upgrade of Cyprus’ economic rating to BBB+/positive and […]
Cyprus’ wholesale and retail trade sector demonstrated robust growth in 2022, according to a recent report by the Cyprus Statistical Service (Cystat). In 2022, the overall turnover in the sector soared by 20.7 per cent, reaching €17.61 billion, up from €14.59 billion in 2021. This surge was primarily driven by significant growth in specific areas. […]