Cyprus’ Deputy Minister of Innovation, Nicodemos Damianou, and UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar Sultan Al Olama, have signed a Memorandum of Understanding on artificial intelligence cooperation. The signing took place at the World Governments Summit in Dubai on February 12-13, highlighting the commitment of both nations […]
Bank also earns key compliance certification The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. The event, held on Wednesday afternoon, was attended by the Nicosia Mayor Charalambos Prountzos, along with the city’s deputy mayors. Retail Banking Director Theodosis Theodosiou explained that in-store […]
Deputy Shipping Minister Marina Hadjimanolis visited Doha from February 4 to 6, in a move to strengthen maritime ties, according to an announcement released on Friday. Invited by Qatar’s Minister of Transport, the visit provided an opportunity for key discussions on enhancing sustainable development and expanding maritime infrastructure”, with a focus on deepening cooperation between […]
A Cypriot property developer has unveiled plans for a 1-billion-euro mixed-use development in Prastio Avdimou, which could become one of the largest private investments in the country. The project, named St Nicholas Hills, will include a hospital, private school, university, and student accommodation for 12,000, DNP Property Group announced. The development will be built on […]
The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In addition, the department noted that the approval is subject to specific conditions and input from various stakeholders. According to the environmental study submitted by […]
The Securities and Exchange Regulator of Cambodia (SERC) is collaborating with the Asian Development Bank (ADB) to establish a regulatory framework for digital assets in the country. During a virtual meeting on February 11, SERC Director General Sou Socheat, together with Deputy Director General Vin Pheakdey, Head of the regulator’s Fintech working group, engaged with […]
The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered 1,292 new small and medium enterprise (SMEs) in 2024, bringing the formally registered SMEs to 43,970 as of last year. The registration processes were made through various channels including online registration which the ministry has boosted to make registering through it easy and timely. Seventeen […]
The European Commission has issued a positive preliminary assessment for Cyprus’ request to receive €76.9 million under the NextGenerationEU programme, which aims to drive Europe’s recovery towards a greener, more digital, and competitive future. According to the European Commission, Cyprus has successfully met the required milestones and targets to qualify for this third payment under the Recovery and Resilience […]
By Associated PressMANILA, Philippines — Philippine President Ferdinand Marcos Jr. thanked Cambodia’s king on Tuesday for granting a royal pardon last year to 13 Filipino women who were convicted of illegally serving as surrogate mothers in the Southeast Asian kingdom. Marcos expressed his gratitude in a meeting with Cambodian Prime Minister Hun Manet , who […]
PHNOM PENH: Cambodia approved 64 new investment projects and 4 production expansion projects worth in total US$748 million in January this year, generating almost 46,000 jobs for the locals, said a report of the Council for the Development of Cambodia (CDC) released on Wednesday. The number of approved investment projects rose by 112 percent while […]
Chea Vuthy, Secretary General of the Cambodian Investment Board of the CDC, on February 11, 2025, led his colleagues to meet with Daniel Spitzer, President and CEO of Mountain Hazelnuts, and Andreas Groetschel, CEO of Kamya AgriTrade, to discuss investment opportunities in the agro-industrial sector, especially the cashew industry in Cambodia. On this occasion, the […]
Charles Vann, Director of Cambodia Airport Investment Co., Ltd. (CAIC), Monday urged tourism associations and tour operators to actively promote the upcoming Techo International Airport (TIA), set to officially open in July. He encouraged them to help boost dissemination, mobilise efforts, and attract international tourists to visit Cambodia. Leading around 200 members of the Cambodia […]
The Secretary General of the CCCI, Philokypros Roussounides, expects steadily rising growth rates for Cyprus in 2025, while the Director General of OEB, Michael Antoniou, says fluid conditions in the global economy make anticipating the course of the Cypriot economy risky at this stage, while also noting, however, that Cyprus has proven that it has […]
The share of renewable energy sources used in transport in the EU increased in 2023 compared to 2022, while remaining essentially unchanging in Cyprus, according to data released by Eurostat. In 2023, the share of renewable energy sources in transport reached 10.8% at EU level, a 1.2 percentage points increase from 2022 (9.6%). Meanwhile in […]
Limassol continued to lead Cyprus’ high-value real estate market in 2024, accounting for eight of the ten most expensive property transactions, with a total value of €176.8 million, according to real estate analytics firm Ask Wire. The highest-value transaction of the year was a €39.3 million apartment development in Polemidia, Limassol. The only other districts […]
4 million visitors, €3 billion revenue in 2024 Cypriot tourism has recovered from the challenges of the previous three years, including the pandemic and the loss of the Russian market, according to president Nikos Christodoulides. Speaking during the annual general assembly of the Association of Cyprus Tourist Enterprises (Stek), the president explained that the government’s priority will now shift to […]