The five-star luxury hotel TUI BLUE in Sihanoukville was officially inaugurated on May 05, 2025, in the presence of Mr. Huot Hak, Minister of Tourism, and Mr. Mang Sinet, Governor of Preah Sihanouk Province. The hotel is located in Village 4, Sangkat No. 4, Preah Sihanouk Province. The luxurious TUI BLUE SIHANOUKVILLE hotel, located in […]
Cyprus aims to produce defence-related products, not only buy them, President Nikos Christodoulides said on Tuesday. He made the remarks while attending the Defea (Defence Exhibition Athens) event taking place in the Greek capital. He toured the exhibition and visited the Cyprus kiosk. “I am glad that this year the participating Cypriot defence industry companies […]
Prime Minister Hun Manet yesterday presided over the groundbreaking ceremony for a $90 million Takhmao City wastewater treatment system development project in Kandal province, stating that the project would bring “numerous benefits to the community, particularly in terms of public health and environmental protection”. The Takhmao City wastewater treatment system development project is funded through […]
Beijing Scitech Holdings, a prominent Chinese conglomerate, Monday expressed interest in investing in Cambodia’s crude oil refining sector and related downstream industries. The interest was revealed during a high-level meeting between Zhu Yujiang, Chairman of the Board of Directors of Beijing Scitech Holdings Co. Ltd., and Prime Minister Hun Manet at the Peace Palace in […]
A summit to showcase Cyprus as an attractive international business centre for corporates and their employees, as well as high net worth and affluent individuals, has gotten underway in Tel Aviv, Israel. The “7th Doing Business in Cyprus Summit: Cyprus – The ultimate hub for business work and Lifestyle”, organised by IMH and Invest Cyprus, […]
The Cyprus Integrity Forum is organising its Anniversary Annual General Assembly on Monday, 2 June, at 17:00, at the Cyprus Chamber of Commerce and Industry (CCCI) building. The event will include a presentation of the organization’s work during 2024, as well as an outline of its major planned initiatives for 2025. In addition, the following […]
Passenger traffic at Cyprus’ airports has topped the one million mark by April for the first time in history, the Ministry of Transport, Communications and Works has announced. It said that Larnaka and Pafos airports welcomed 1,157,414 passengers throughout April 2025, recording an increase of 20.66% compared to the same month in 2024, and that for the January […]
BoC now tops Greek and Cypriot banks in deposit rating Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. In addition, the agency kept the bank’s outlook on deposit ratings as stable. According to the agency’s latest report, the Bank of […]
Cyprus recorded over 1.15 million passengers at its two airports in April 2025, crossing the one million threshold for the first time in a single month, the Transport Ministry said on Tuesday. Traffic at Larnaca and Paphos airports rose by 20.66 per cent compared to the same month last year. Additionally, total passenger numbers for the January–April period climbed by 11.83 per […]
Leptos Calypso Hotels Public Ltd, a member of the Leptos Group, recorded a significant financial turnaround in 2024. Specifically, the company on Tuesday posted a consolidated net profit of €3.25 million, recovering from a €570,830 loss in 2023. According to the company’s annual financial statements for the year ended December 31, 2024, the parent company also reported […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), met with Adam Trina, Founder and President of Montana Fly Co., Ltd., to discuss continued collaboration and investment plans in Cambodia, according to a CDC press release issued Monday. The meeting took place on the morning of May […]
Cyprus and Cambodia are joining forces to redefine travel, trade, and cultural exchange. As Cambodia emerges as one of Southeast Asia’s fastest-growing destinations for tourism and investment, Cypriots are being invited to explore a land of ancient wonders, lush landscapes, and boundless opportunities. In 2023 alone, Cambodia welcomed over five million visitors, many drawn to […]
Hello May, hello spring festivals. Over a dozen festivals are about to pop up and add colour and life to every corner of the island. Here are some not to be missed! Calling all caffeine lovers is the Cyprus Specialty Coffee Festival on today in Larnaca. Taking over the Municipal Gardens are more than 10 Cypriot coffee […]
The most expensive property transaction in Cyprus during March was recorded in Nicosia, where an office building in Ayioi Omologites sold for 29.3 million euros ($31.7 million), according to a report by property analytics firm Ask Wire. The top 10 property sales across Cyprus in March totalled 56.5 million euros, with Larnaca recording four transactions among the […]
The Industrial Turnover Index in Cyprus rose by 4.3% in February 2025 compared to February 2024, reaching 130.4 units, the Statistical Service of Cyprus (CyStat) announced on Monday, the base for comparison being 100 points in 2021.
Cyprus’ banking sector has undergone a profound transformation since the 2013 financial crisis, marked by sweeping consolidation, branch closures, and a rapid shift towards digital banking. Since 2013, several key players have exited the scene. Laiki Bank and the Cooperative Bank have both shut down. Hellenic Bank, which absorbed the Cooperative, is now part of […]