The growth rate of the economy in 2024 is estimated at 3.4%, CySTAT reports. According to the first estimate for the year 2024, the growth rate of the economy in 2024 is positive and is estimated at 3.4% in real terms (volume measures), it notes. At current prices, the percentage change in Gross Domestic Product […]
The preliminary General Government fiscal results indicate a surplus of €1,507.8m for 2024. According to CySTAT, the preliminary General Government fiscal results, which are also prepared by CySTAT, indicate a surplus of €1,507.8m (4.5% of GDP) for the period of January-December 2024, as compared to a surplus of €631.5m (2% of GDP) that was recorded […]
Revenue from tourism recorded in December an annual increase of 17%, according to CySTAT. In a press release, it says that based on the results of the Passengers Survey carried out by CySTAT, revenue from tourism reached €86.9m in December 2024, recording an increase of 17% as compared to the corresponding month of the previous […]
Talent and infrastructure are the keys to global tech success Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector contributing up to 15 per cent of the country’s GDP and generating approximately €4 billion in revenue in […]
Som Sotheary / Khmer Times Techo International Airport (TIA) will incorporate a model of the Cultural Village in Siem Reap province into its design, to highlight and promote Cambodian culture and identity while also attracting tourists. Charles Vann, Director of Cambodia Airport Investment Co Ltd. (CAIC), said yesterday that the TIA is copying a model […]
Sum Manet / Khmer Times Hean Sahib, Secretary of State at the Ministry of Economy and Finance and Chairman of the Investment Promotion Working Group for Preah Sihanouk, Monday led an inspection team to the Peninsula Bay project and Sihanoukville Special Economic Zone (SSEZ) to strengthen investment promotion under the Royal Government’s Special Investment Promotion […]
Realestate.com.kh has put together a very useful guide on the top 50 things to know when looking at investing in Cambodian property and real estate – here we take a look at just seven items on the comprehensive list if you are considering investing in the Kingdom’s property market. 1. What Is The Overall Investment […]
Chea Vanyuth / Khmer Times Prime Minister Hun Manet yesterday underlined the Royal Government’s commitment to achieving sustainable economic growth. In his keynote address at the ‘Cambodia Outlook Conference 2025’ themed ‘Cambodia’s New Growth Strategy Priorities for High Quality and Sustainable Development’ in Phnom Penh, Mr Hun Manet outlined a comprehensive roadmap to ensure the […]
Mom Kunthea / Khmer Times With just two weeks left for the 9th River Festival 2025 (March 21-23) scheduled to take place at the Takeo Lakeside Park in Daun Keo city, Takeo province, the Ministry of Tourism (MoT) yesterday urged tour operators to improve the quality of tourism services to attract more national and international […]
Nhean Chamrong / Khmer Times Prime Minister Hun Manet yesterday said that the Royal Government of Cambodia (RGC) is optimistic about achieving an average annual economic growth of 6.5 percent for the next decade. To realise this goal, he emphasised that the target can only be met through specific, direct, and pragmatic policy formation, coupled […]
Sreekanth Ravindran / Khmer Times Cambodia is fast emerging as one of the favourite tourist destinations for Australian tourists with 39,300 short-term tourists visiting the Kingdom last year, according to Australian Bureau of Statistics (ABS). The length of tourism trips (involving at least one overnight stay) falls into two categories: long tourism trips are trips […]
newsroom 4 March 2025 Cyprus will begin implementing renewable energy storage systems in 2026 at the earliest, Energy Minister George Papanastasiou announced during parliamentary discussions on Tuesday, addressing the country’s growing need to manage excess green energy production. The planned battery storage infrastructure, to be installed between 2026 and 2030, will have a total capacity of 160 megawatts […]
Newsroom 05.03.2025 • 03:37 According to the first estimate for the year 2024 by the Statistical Service of Cyprus (CyStat), the growth rate of the island’s economy in 2024 was positive and is estimated at 3.4% in real terms. At current prices, the percentage change in gross domestic product amounted to 6.6%. Unmute Remaining Time -0:00Fullscreen Cyprus Economy
Tourism Deputy Minister, Kostas Koumis, is set to hold significant meetings in Berlin in the coming days, as he leads the Cypriot delegation at the leading travel trade show ITB, taking place at the Berlin Exhibition Grounds from 4 – 6 March 2025. A press release by the Ministry said Koumis has scheduled a number of meetings with […]
“The Cyprus International Businesses’ Association (CIBA) always supported the effective overhaul of the Republic of Cyprus’ Tax Framework in order to increase competitiveness of the Economy, always in line with EU Law and the procedural as well as substantive pre – requisites under the obligations towards EU,” Andreas Pishias says, speaking on behalf of CIBA’s […]
BusinessTuesday 04 March | 13:340 Comments By Kyriacos Nicolaou Share: Cyprus has recorded a surplus of €1.5 billion for 2024, equivalent to 4.5 per cent of GDP, according to preliminary results released on Tuesday by the state statistical service. This marks a sharp increase from the €631.5 million surplus recorded in 2023, which accounted for 2 per cent of GDP. Total […]