Invest Cyprus evaluates the organisation of the Investopia Global Mediterranean Forum in Cyprus as a huge success, both in the presence of high-ranking individuals and multinational companies or companies from the United Arab Emirates (UAE) and at the level of governments and ministers. Focusing on the important presences hosted by the forum, such as the […]
Tourism revenue in Cyprus reached €129.4 million in March 2025, marking a 14.5 per cent increase compared with the same month last year (€113.0 million), according to a report released by the statistical service on Friday. For the first quarter of the year, revenue from tourism totalled €278.3 million, up 24.6 per cent from €223.3 million […]
AstroBank on Friday announced that it will pay interest and proceed with the early redemption of two of its senior preferred bonds on June 30, 2025. The bonds in question include one with a nominal value of €8.2 million, and another worth $12.2 million. The interest rates on these bonds are 6.50 per cent and 8.50 per cent per annum respectively. The interest is […]
Officials from the Central Bank of Cyprus (CBC) met with counterparts from the central banks of Lithuania and the Netherlands on Thursday and Friday. The meeting allowed for the exchange of technical expertise, experiences, and facilitated a discussion on best practices in supervising electronic money and payment institutions. According to a statement issued by the CBC on Friday, similar meetings are scheduled to […]
Over 350 senior delegates from more than 30 countries gathered in Athens this week for the high-level ‘Shaping the Future of Shipping Summit’. The event was jointly hosted by the Ministry of Maritime Affairs and Insular Policy of Greece, the International Chamber of Shipping (ICS), and the Union of Greek Shipowners (UGS). The summit brought […]
Australia and Japan have collaborated to help strengthen Cambodia’s cashew sector by increasing processing capacity, aiming to produce a more delicious and high-quality product for export to the global market. The Australian Embassy in Cambodia wrote on its social media earlier this week that Australia and Japan are working together to strengthen Cambodia’s cashew sector […]
Synopsis: The agreement affirms Kingdom’s support for protecting marine biodiversity and ensuring fair and sustainable use of marine genetic resources in areas beyond national jurisdiction. The Royal Government of Cambodia (RGC) Monday officially signed the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of […]
A foreign cruise ship, the Regatta, arrived at the Sihanoukville Autonomous Port yesterday, bringing more than 600 international tourists from 27 nationalities for a one-day visit to Cambodia before continuing its journey to Thailand. According to immigration police officials at the international entry point of Sihanoukville Autonomous Port, the Regatta, registered under the Marshall Islands […]
Mom Kunthea / KSynopsis: Key tourism development measures are proposed to implement the government’s strategic plan to increase the number of tourists. The Siem Reap-Angkor Tourism Management and Development Commission (SRATMDC) Wednesday asked all relevant institutions to continue to promote the development of Siem Reap’s tourism destinations to make them more attractive to increase the […]
Synopsis: The approved projects are part of the Royal Government’s broader economic agenda, and are expected to generate over 53,000 new jobs. Authorities in Preah Sihanouk province Wednesday called on investors to share their concerns and feedback to improve the implementation of government incentives under a flagship programme that has already approved approximately $7 billion […]
The President of the Paphos Hotels Association, Euripides Loizides, has expressed satisfaction with the occupancy rate at Paphos hotels during the Kataklysmos Flood Festival long weekend, saying that it exceeded 90%. Also known as the Flood Festival, Kataklysmos marks Pentecost, a Christian holiday which takes place on the 49th day after Easter Day. It commemorates […]
Cruise ship passenger fees will increase from July 1, Kathimerini understands. The fee will be imposed per passenger and per port and its amount will vary depending on the time period. For Mykonos and Santorini during the peak tourism season, it will be set at 20 euros. According to information, the competent ministries are about […]
President of the Paphos hotel association (Pasyxe) Evripides Loizides on Thursday expressed satisfaction with hotel occupancy rates in Paphos during the long weekend of Kataklysmos, saying that they exceeded 90 per cent. In a statement to the Cyprus News Agency (CNA), Loizides described the month of June as “problematic” because, as he put it, the high cost […]
Passenger traffic at the airports of Larnaca and Paphos exceeded 4 million for the first time in history during the period from January to May 2025. According to an announcement by the Transport Ministry on Thursday, this marks an increase of 12.02 per cent compared to the same period in 2024. In May 2025 alone, the two […]
Merger activity accelerates among Cyprus’s largest banks Merger initiatives have accelerated in Cyprus, according to Aristidis Vourakis, president of the Association of Cyprus Banks and CEO of AstroBank, who also revealed that Deutsche Bank is considering a return to the island. Speaking during his address at the annual general assembly of the Association of Cyprus Banks, Vourakis stated […]
DP World Limassol on Thursday released a statement highlighting the expected arrival of around 140 cruise ships in 2025, underscoring the island’s resurgence as a major Eastern Mediterranean cruise destination. “The global cruise industry has emerged as a significant catalyst for tourism development, contributing substantially to local and national economies,” the Limassol cruise terminal operator said. “Cruise […]