Prime Minister Hun Manet yesterday unveiled a five-year master plan for the development of the international port infrastructure and logistics in Preah Sihanouk province with a$1 billion budget. He said that while there are several other ports in Kampot and Koh Kong provinces, the international port in Sihanoukville remains Cambodia’s primary gateway for overseas shipping. […]
A panel discussion at the Unlocking Investment Through PPP International Summit, taking place in Nicosia, looked at how public-private partnerships (PPPs) can contribute to attracting foreign investments and in turn economic growth, with experts tackling the entire spectrum, from financing to how artificial intelligence (AI) can make PPPs more efficient. The panel, entitled “Why is […]
Halloumi exports continued their upward trend in 2024, confirming the product’s momentum and its importance in Cypriot trade. At the same time, recent decisions have contributed to safeguarding the exports of one of Cyprus’ most important exports. It is recalled that, as recently reported by the Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, […]
Scheme aims to boost local business ecosystem The migration department on Wednesday announced the start of applications for residence permits under the Cyprus Digital Nomad Visa scheme. According to the announcement, the scheme “aims to attract nationals from non-European Union (EU) and non-European Economic Area (EEA) countries, allowing them to reside in Cyprus”. This is conditional on the premise that their […]
Economy to outperform EU average Credit rating agency Morningstar DBRS on Wednesday revised its economic growth and unemployment projections for Cyprus, reflecting a more optimistic outlook for the country’s economy. In its report, the agency updated its macroeconomic forecasts for several sovereign nations, including Cyprus. It increased its 2025 GDP growth estimate for Cyprus by 0.3 percentage points compared […]
Cypriot businesses have significantly progressed with the integration of digital technologies into how they operate, according to the Cyprus Statistical Service (Cystat). This was evident in Cystat’s latest report detailing the results of its 2024 survey on the use of information and communication technologies (ICT) and e-commerce in businesses. The findings reveal that a substantial 84.1 per cent […]
For the first time a Cypriot has been elected to the position of Vice Chair of the International Maritime Organisation, the deputy ministry of shipping announced on Wednesday. In a press release the ministry said the election of its Legal Affairs Director Lydia Markari-Kyriacou to the post had been unanimous by IMO member states during […]
Consulting and advisory firm PwC Cyprus on Wednesday released a statement detailing the various initiatives implemented by its foundation to “strengthen financial literacy and foster an entrepreneurial mindset among young people”. Specifically, to mark Global Money Week 2025, which took place from March 17 to 23, the non-profit PwC Foundation coordinated the ‘Financial Literacy’ educational programme for the third consecutive year. The initiative was […]
National and international tourists flock into Angkor Wat Temple to admire and capture photos of Angkor Equinox (sunrise over the central tower of the Angkor Wat Temple) in Siem Reap province this morning.
A total of 85,453 national and international tourists flocked to Angkor Wat Temple in Siem Reap provincial city to admire and take picture of equinox, a natural phenomenon when the sun rises over the central tower of Angkor Wat Temple, from Mar. 21 to 23, said the APSARA National Authority on Sunday. Among them, the […]
The Cambodia Chamber of Commerce (CCC) and its Vietnamese counterpart held a number of productive meetings to boost trade and investment cooperation between the two neighbouring countries in Ho Chi Minh city, Vietnam. The CCC delegation, led by its Vice-President Chhim Sok, engaged with Vietnamese counterparts including businessmen, investors, and key firms in Ho Chi […]
The upgrade of Cyprus’ economy by Morningstar DBRS rating agency constitutes a vote of confidence in the government’s responsible fiscal policy, President of the Republic, Nikos Christodoulides, said on Saturday, expressing his satisfaction. Speaking to the press, President Christodoulides stated that the upgrade of the economy by yet another rating agency is, among other things, a vote […]
Minister of Finance Makis Keravnos has held a courtesy meeting with the new Executive Director of the International Monetary Fund (IMF), Jeroen Clicq, at the Ministry. In a press release from the Ministry, it was noted that during the Friday, 21 March meeting, “views were exchanged on matters of common interest as well as current geopolitical and economic […]
Capital Intelligence Ratings (CI Ratings or CI) announced that it has upgraded the Republic of Cyprus’ Long-Term Foreign Currency Rating to ‘BBB+’, from ‘BBB’. At the same time, CI Ratings has affirmed the sovereign’s Short-Term FCR at ‘A2’. The Outlook for the ratings has been revised to Stable from Positive following the upgrade. The agency […]
The ferry service connecting Cyprus and Greece will operate for a fourth consecutive year, with the Cyprus-flagged vessel “Daleela” scheduled to begin its 2025 season on May 31 from Limassol port, maritime officials announced today. Bookings for the popular maritime route will open on April 2, with the final journey from Piraeus port scheduled for September 2, […]
The Holy Synod of the Church of Cyprus has approved a request from Kykkos Monastery to develop a significant parcel of land near its “Agios Prokopios” dependency in Nicosia. The development will take place on a 331,450 square meter plot owned by the Kykkos Bishopric, with construction covering 324,855 square meters of the total area, according to […]