The city of Limassol is set to gain an advanced private healthcare facility through a substantial €50 million investment, pending final regulatory approvals from local authorities. C & SO Medical Properties Ltd has submitted all necessary documentation and studies for the proposed American Medical Center, which would bring specialised medical services to the city, complementing the company’s existing facility […]
Two major players in the renewable energy sector have reached a significant agreement for the sale and supply of solar-generated electricity, sources told Phileleftheros. HAFFNEVE HOLDING LIMITED, owned by the Zorpas Group, has agreed to sell 23 megawatts of photovoltaic parks to Bioland, a key producer and supplier of green electricity. The deal is pending approval […]
Famagusta district’s first-ever coordinated online tourism campaign promoting it to foreign markets ended 2024 with impressive results, surpassing all expectations and laying the groundwork for an even more dynamic follow-up in 2025. The campaign, from April to October 2024, was the largest collaborative effort to date, with 150,000 euros raised through partnerships between the local […]
The Mall of Cyprus on Friday announced the sale of its Annex 3 office building to Karakyr Properties Ltd, a member of the E-Cars Group, for €4.6 million. It should be noted that Karakyr Properties was already the active tenant of the building. According to the company, the board of directors had long considered Annexes 3 and 4, located next to the Mall of […]
Deputy tourism minister Costas Koumis is heading to Berlin for a series of contacts with members of the German industry in addition to attending the large trade fair ITB, which runs from Tuesday to Thursday. He will meet representatives of executives of tourism organisations and airlines that operate tourism programmes and routes from Germany to Cyprus, in […]
Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025. The deal, valued at €182 million, is still pending regulatory approvals, according to preliminary results released by the bank. On November 28, 2024, the bank confirmed that the Cyprus Competition Commission had approved the transaction […]
The legal merger between Eurobank and Hellenic Bank is expected to be completed within the first quarter of 2025, with the final step, the operational merger, scheduled to take place over the following two years. According to Eurobank Holdings’ latest financial results, the bank recorded a €99 million contribution to its net profits from acquiring […]
Here are the top business stories in Cyprus from the week starting February 24: Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of Engineering at the University of Nicosia. He described […]
Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025. The deal, valued at €182 million, is still pending regulatory approvals, according to preliminary results released by the bank. On November 28, 2024, the bank confirmed that the Cyprus Competition Commission had approved the transaction […]
Although global economic growth has not yet fully recovered after the Covid-19 crisis, Cambodia continues to attract investors, bringing a continuous inflow of capital, said a recent ministerial report. According to an annual 2024 report by the Ministry of Industry, Science, Technology and Innovation, by the end of last year, the Kingdom had opened four […]
Cambodia is proud to have been granted hosting rights for the AFC Women’s Asian Cup qualifying matches for the first time, announced the Football Federation of Cambodia (FFC), on Thursday, February 27. The 2026 cup will take place in Australia, in March next year. The qualifying tournament will take place from June 23 to July […]
Cambodia’s manufacturing output hit $15 billion last year, a report from the Ministry of Industry, Science, Technology and Innovation (MISTI) showed. The manufacturing products worth nearly $4 billion were supplied to the local market while other products worth $11 billion were exported, it pointed out. The report added that last year saw 326 factories established, […]
The Pich Chenda Waterfall in Battambang province boasts its all-year-round cool ambiance and the waterfall attracts more visitors during the dry season as the temperature increases, especially for the Khmer New Year in April. Muth Vicheka, a resident of Battambang city, said that he and his family and friends visited the waterfall for the second […]
Cambodia’s economy has rebounded significantly and is on track to return to its pre-COVID-19 growth, according to Minister Attached to the Prime Minister, Jean-François Tan. Speaking at a press forum on the achievements of the government of the Seventh Legislature of the National Assembly at the Office of the Council of Ministers on Wednesday, he […]
The Cambodian government is prioritizing the diversification of its industrial sector by transitioning from labour-intensive industries to knowledge-based and high-tech industries. With a 15.7 percent export growth in 2024, the government is positioning Cambodia as a regional production hub. The economy is projected to achieve a growth rate of approximately 6 percent of GDP in […]
Prime Minister Hun Manet expressed pride that countries around the world have recognised Cambodia as a model country that ended its war, achieved a lasting peace, and promoted religious freedom for all people, including Muslims. Currently, Cambodia enjoys ethnic and religious harmony and has never experienced religious conflict or violence. Approximately 5% of the population […]