Cyprus economy set for 2.9 per cent growth in 2025, IMF reports Finance Minister Makis Keravnos welcomed the International Monetary Fund’s (IMF) latest forecasts on Wednesday, saying they confirm both government projections and the continued strong performance and resilience of the Cypriot economy. Speaking after a cabinet meeting at the Presidential Palace, Keravnos said he was pleased with the IMF’s October […]
Hadjimanolis highlights Cyprus unity, stability and maritime strength Cyprus marked the 65th anniversary of its independence with a celebratory event in London earlier this week, where Deputy Minister of Shipping Marina Hadjimanolis spoke on a number of key issues, including the island’s maritime sector. Specifically, Hadjimanolis highlighted the island’s continued efforts toward reunification, its role as a pillar of stability […]
The Electricity Authority of Cambodia has issued a new decision amending Article 1 of the Electricity Authority of Cambodia’s decision No. 120.Sr.25.Aok dated July 7, 2025, on determining the list of charging fees for electric vehicle charging stations in Cambodia. The document lists three different charging rates: AC charging: 1,050 Riel/kWh DC Fast Charge (up […]
The EU’s readiness for issues related to artificial intelligence must be constantly renewed with new information, new skills and continuous improvement of models, Christos Ellinides, Director-General of the European Commission’s Directorate-General for Translation (DGT) suggests. The Cypriot official was in Nicosia recently for a conference entitled ‘Empowering Europe with AI: The European Commission AI-based Multilingual […]
The Finance Ministry’s debt management office will hold a public auction of €25 million in treasury bills on October 20, 2025. The auction will cover bills with a 13-week maturity and will take place from 08:30 a.m. to 11:30 a.m., the debt management office said. In a notice published in the official gazette of the Republic on Friday, the […]
Here are the top business stories in Cyprus from the week starting October 6: One of the government’s main goals, the qualitative and further strengthening of the Cypriot ship registry, has been achieved, president Nikos Christodoulides said on Sunday evening. Speaking at a dinner at the presidential palace marking the start of the Maritime Cyprus 2025 […]
TOKYO — With 40 years having passed since the 1985 Plaza Accord, the Cambodian riel currency has fought back from the brink of being weeded out by the domestic dominance of the U.S. dollar amid the Southeast Asian country’s delayed development blamed on oppression by the dictatorial Pol Pot regime and civil war.
The European Union stands ready to support the transformation of shipping into an industry with cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans, Costas Kadis, has said. He was speaking at the Maritime Cyprus 2025 Conference in Limassol on 8 October. This year’s theme, ‘Unlocking the future of shipping’, he said, aligns well with the […]
The Association of Cyprus Banks (ACB) on Thursday announced that Panicos Nicolaou, chief executive officer at the Bank of Cyprus, has been appointed as its new president following the most recent meeting of board of directors. Demetris Shacallis, chief financial officer at Eurobank, has been appointed vice-president. According to the association’s statutes, both the president and vice-president will serve […]
Eurobank reaffirmed its commitment to supporting Cyprus’ new generation of entrepreneurs, standing once again beside the country’s emerging business leaders at the eighth annual “Ge’ neo Epicheirein” Young Entrepreneurship Awards 2025, held on October 8, 2025, at the Presidential Palace. The awards, organised by the Cyprus Chamber of Commerce and Industry (Keve) and Greek magazine Thessalonikis Dromena, were held under the auspices […]
Cyprus President Nikos Christodoulides told businesses this week that their green transition is the route to improved competitiveness, and stressed that Nicosia supports investments that promote energy efficiency. Today, more than ever, Cypriot businesses are called upon to strengthen their role in the green transition, while remaining competitive, adopting responsible and sustainable practices that contribute […]
The Government is promoting the establishment and operation of a semi-governmental organisation, the Cyprus Enterprise Development Organisation, with the Ministry of Finance putting the relevant bill forward for pubic consultation until 19 October. According to what is stated, in Greek, on the e-consultation platform, the Organisation’s mission is to strengthen state initiatives to improve access to financing […]
The European Tourism Strategy was discussed, among other things, by Deputy Minister of Tourism Kostas Koumis and European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas, in a meeting in Nicosia, according to an announcement by the Deputy Ministry. Koumis had a meeting 6 October at the Deputy Ministry of Tourism with the European Commissioner in […]
EU backs cleaner fuels and shipping innovation at Maritime Cyprus 2025 The European Union is ready to support the transformation of shipping into an industry focused on cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans Costas Kadis, said on Wednesday. Kadis, who addressed the Maritime Cyprus 2025 conference in Limassol, highlighted Cyprus’ important […]
Cambodia has been recognised as the fifth friendliest country globally in the Condé Nast Traveller 2025 Readers’ Choice Awards. With a score of 97.33, Cambodia placed ahead of Vietnam and Thailand, which ranked sixth and eighth with scores of 97.27 and 96.36, respectively. “As a predominantly Theravada Buddhist country, Cambodia is centred around the concept […]
Young innovators praised as Stelios Awards mark record participation Entrepreneur and philanthropist Sir Stelios Haji-Ioannou awarded a total of €200,000 to three young Cypriot businesses during the 2025 Stelios Awards for Young Entrepreneurs, held at the Stelios Philanthropic Foundation headquarters in Nicosia. The awards, now in their third consecutive year, aim to recognise innovation and support the growth of youth entrepreneurship in Cyprus. The first […]