A major distinction for Cyprus in the StartupBlink Global Startup Ecosystem Index 2025, as the country has ranked 40th globally—rising five (5) positions from last year. With a growth rate of 28%, Cyprus is recognised for the second year in a row as the fastest-growing startup ecosystem in the European Union (EU). According to the report, […]
Cyprus’ economy expanded by 3.0% year-on-year in the first quarter of 2025, according to a flash estimate released by Cystat. The seasonally and working day adjusted GDP also recorded a 3.0% annual increase. On a quarterly basis, the economy grew by 1.3% compared to the fourth quarter of 2024, showing an acceleration from the previous […]
Prime Minister Hun Manet has expressed pride in Cambodia’s transformation from a cement-importing nation to a cement exporter. Speaking at yesterday’s inauguration ceremony of the new Conch KT Cement (Phnom Penh) Co., Ltd. factory in Kampong Speu province, the premier recalled that prior to 2007, Cambodia relied entirely on cement imports from Thailand, Vietnam, Indonesia, […]
The Council for the Development of Cambodia (CDC) yesterday committed to promoting the Kingdom’s potential investment opportunities to foreign investors, targeting a minimum of 500 projects by the end of 2025. Presiding over a meeting in Phnom Penh, Kong Vimean, Secretary General of the General Secretariat of the CDC emphasised the Royal Government’s ongoing commitment […]
Despite global economic uncertainties, Cambodia has managed to attract record investments, thanks to the country’s political and macroeconomic stability, the spokesperson for the Royal Government of Cambodia, said on Monday. Pen Bona, Minister Delegate to the Prime Minister and the Spokesperson for the Royal Government, made the remark while speaking at the Seventh Press Forum […]
Tourist arrivals reached 418,730 in April 2025 compared to 333,563 in April 2024, recording an increase of 25.5%, according to data published by CySTAT. Arrivals from the United Kingdom were the main source of tourism in April 2025, with a share of 36.3% (151,883) of total arrivals, followed by Israel with 15.2% (63,474), Germany with 7.1% […]
Minister of Energy George Papanastasiou travelled to Doha this week to represent President Nikos Christodoulides at the Qatar Economic Forum, taking place from May 20 to 22. According to a statement from the Ministry of Energy, Papanastasiou met on Tuesday with Qatar’s Minister of Commerce and Industry, Sheikh Faisal Thani Al Thani, on the sidelines of […]
President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening of a cabinet session at the Presidential Palace, Christodoulides said the Spring 2025 Economic Forecast, released by the European Commission on Monday, “is particularly important, even more […]
The Cambodian government is prioritising diplomacy and trade talks in response to new US tariffs, calling on critics not to rush to judgement while negotiations are still ongoing. The Royal Government Spokesperson Unit on Monday hosted the 7th Press Forum under the theme “Cambodia Standing Stronger on the National, Regional, and International Political Stage.” Keynote […]
Cyprus residents made 164,844 trips abroad in April, marking a 24.1 per cent increase compared with the 132,806 trips recorded in April of last year, according to data released by the statistical service on Monday. The rise in travel activity was attributed to the rare overlap of Orthodox Easter, Catholic Easter and Jewish passover, which fell within the same period, significantly […]
Cyprus is moving ahead with its first affordable rental housing scheme, with construction on the initial phase of a new development in Limassol expected to begin by June, according to the Cyprus Land Development Organisation (Koag). The ambitious project, a collaboration between Koag and the Limassol municipality, will see the creation of a small residential community in […]
Debt-to-GDP ratio to fall below 60 per cent in 2025 Cyprus’ economy is expected to continue growing at a robust pace in 2025 and 2026, according to the European Commission’s Spring 2025 Economic Forecast released on Monday. Specifically, growth is expected to reach 3 per cent in 2025 and moderate slightly to 2.5 per cent in 2026. The commission explained that this expectation is […]
To support Cambodian students in receiving higher education, ABA Bank is proud to contribute another $20,000 to the Cambodian Children Fund (CCF)’s University Scholarship Program 2025. This educational funding aims to support CCF students in completing their tertiary education and enhancing career readiness. Under the partnership, ABA Bank’s monetary support allows CCF to provide comprehensive […]
Digital push and tourism key in India-Cyprus-Greece collaboration A new chapter in trilateral economic relations between India, Greece, and Cyprus was officially opened on Friday with the launch of the India-Greece-Cyprus Business and Investment Council (IGC) in Limassol. The event, held under the auspices of Eurobank and attended by senior government officials, diplomats, and business […]
Prince Bank Plc. is proud to announce that it has once again been named the winner of the “Best Corporate Governance” award by International Finance Magazine in 2025, marking its second win, following its first recognition in 2023. This back-to-back honour reaffirms the Bank’s steadfast commitment to transparency, ethical conduct, and excellence in corporate governance. […]
Bilateral trade between Cambodia and China surged past $5.6 billion in the first four months of 2025, marking a robust 27 percent increase compared to the same period last year, according to a recent report from the General Department of Customs and Excise (GDCE). The GDCE’s latest trade data shows total trade volume between the […]