Cyprus’ tourism sector is entering 2025 with increased optimism, according to Deputy Minister of Tourism Kostas Koumis. Speaking in Paphos on 1 April, he highlighted that early indicators suggest the new year will have at least as good results as 2024—a landmark year for Cyprus, as the country surpassed 4 million tourist arrivals and €3 […]
The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical buffer (CCyB) rate unchanged at 1.5%, with effect as of 14 January 2026. In a press release, CBC notes that, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate to maintain the CCyB rate at 1.5%, which […]
Cyprus is making a bold push to attract American investment, with President Nikos Christodoulides leading a high-profile delegation to the United States. Over the next few days he will visit New York, Texas, and California, meeting with key business leaders, energy giants, and tech investors. The goal is to strengthen economic ties, boost foreign investment, […]
The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per cent of the buyback programme has already been executed. According to the announcement, as of March 31, 2025, the company had repurchased 1,496,122 shares at a weighted average price […]
Limassol port to host 26 cruise calls Cyprus’ cruise season began on Wednesday with the arrival of Marella Discovery II at the port of Limassol, according to an announcement by operator DP World Limassol. This marks the country’s first ‘Fly and Cruise’ operation since the Covid-19 pandemic, something which the port operator described as a “reaffirmation of its […]
Cyprus President Nikos Christodoulides is leading a high-level delegation to the United States on Wednesday, aiming to attract investment in shipping, technology and energy. The visit includes stops in New York, Texas, and San Francisco. The president is accompanied by key government officials, including Energy Minister George Papanastasiou, Deputy Shipping Minister Marina Hadjimanoli and Deputy […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), yesterday said that the textile sector has experienced a remarkable 50 percent annual growth in exports, reaching a total export value of $14 billion last year. Speaking at the ‘Cambodia Global Textile Summit 2025’ themed ‘Shaping the Future: […]
Kampong Thom province is poised to become more attractive to both local and foreign investors, particularly in key sectors such as agro-industry, manufacturing, and tourism, once key infrastructure projects are completed, said Vongsey Vissoth, Deputy Prime Minister and Minister in charge of the Office of the Council of Ministers. Vissoth, who also heads the Royal […]
The Ministry of Agriculture, Forestry, and Fisheries (MAFF) and the Ministry of Environment (MoE) yesterday called on the Japan-Cambodia Association (JCA) to explore further investment opportunities in Cambodia, particularly in the agricultural and environmental sector, which offers significant potential for growth. The appeal was made during a meeting between Prak David, Secretary of State at […]
The government has encouraged investment companies to further introduce the latest technology to Cambodia while promoting training and equipping Cambodian workers with technical skills, as well as exploring opportunities to expand investments in the country. The call was made by Chea Vuthy, Secretary General of the Cambodia Investment Board of the Council for the Development […]
As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities. With a booming economy, a favourable tax regime, and a strategic location bridging Europe, the Middle East, and Africa, Cyprus is fast becoming a top-tier investment destination. Whether for residential, commercial, or mixed-use properties, the island offers compelling reasons for […]
The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official announcement, the CBC stated that, in accordance with the Macroprudential Supervision of Institutions Laws of 2015 to 2022, it deemed it necessary […]
The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows year-on-year increases of 2.5 per cent in January 2025 and 2.0 per cent in December 2024, according to the most recently revised data. […]
Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Costas Koumis said on Tuesday. Last year, arrivals surpassed four million tourist for the first time, generating over €3 billion in revenue. Koumis said tourist arrivals so far this year are […]
PHNOM PENH: Cambodian cashew nuts which are processed in the Kingdom are starting to make their mark on the international market. A Taiwanese company has announced its intention to purchase 3,000 tonnes of processed nuts, noted Uon Silot, president of the Cashew Nut Association of Cambodia (CAC). Speaking to The Post on Friday (March 28), […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), yesterday said that the textile sector has experienced a remarkable 50 percent annual growth in exports, reaching a total export value of $14 billion last year. Speaking at the ‘Cambodia Global Textile Summit 2025’ themed ‘Shaping the Future: […]