Property sales in Cyprus reach €1.1 billion in first quarter The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest […]
Cyprus maintains positive GDP growth despite global headwinds Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report released by the statistical service on Wednesday, real GDP, measured in volume terms, stood at €28.75 billion. These updated figures incorporate […]
President Nikos Christodoulides on Thursday outlined the incentives he plans to introduce with the aim of convincing Cypriots living abroad to return to the island. Speaking ahead of the day’s cabinet meeting, he said returning Cypriots will receive a 25 per cent tax exemption in their first job after coming back to the island, and that […]
Phnom Penh, the vibrant capital of Cambodia, has been ranked second among the 14 Best Nightlife Cities in the World by VISA2FLY, an online visa platform. “Cambodia’s nightlife is simply a perfect mesh of cultural warmth and modernity, offering something to everyone,” the source noted. “From hidden speakeasies to vibrant riverside lounges, the city [Phnom […]
Italian energy company Eni on Thursday described the two agreements signed by Cyprus and Egypt earlier this year concerning the exploitation of natural gas resources under the seabed in the eastern Mediterranean as “historic”. “A historic agreement was signed with Cyprus and Egypt for the exploitation of the significant natural gas deposits in the Kronos reservoir […]
Nicosia hosts key event as tourism sector gains fresh momentum As Cypriots gear up for a record-breaking year of travel, the 26th Travel Expo Cyprus kicks off in Nicosia on Friday, April 25, bringing together airlines, tour operators and tourism bodies from across seven countries. Running until Sunday, the exhibition comes at a time when demand […]
OpenAI, Amazon, and other global giants are exploring a physical presence in Cyprus, while Indian firms prepare to land—and the island steps up efforts to bring its brightest minds back home.Cyprus is making bold moves on the global investment stage, with recent diplomatic and business outreach campaigns targeting major players in the U.S. and India. […]
Cambodian Prime Minister Hun Manet and visiting Thai Prime Minister Paetongtarn Shinawatra, witnessed the signing ceremony of seven cooperation agreements and memoranda of understanding between the two countries following their bilateral meeting at the Peace Palace in Phnom Penh this morning. The seven documents comprise an agreement of the employment of workers, a MoU on […]
Cambodia Investment Review A new Ford production line and sub-assembly plant was officially inaugurated today in Pursat province, marking a pivotal development for Cambodia’s automotive industry and broader industrial ambitions. The facility, operated by RMA Cambodia, is the latest example of the Kingdom’s strategy to diversify its economy and attract long-term foreign investment. The inauguration […]
The eighty-first session of the Economic and Social Commission for Asia and the Pacific (ESCAP) will be held from 21 to 25 April 2025 at the United Nations Conference Centre in Bangkok. It will bring together ministers from across Asia and the Pacific and other key stakeholders to exchange views on current and emerging policy issues […]
Prime Minister Hun Manet yesterday inaugurated RMA Cambodia’s new production line and Ford assembly plant in Pursat province, describing it as a source of pride for all Cambodians. Addressing the gathering, Mr Hun Manet reaffirmed that the Royal Government is committed to attracting new investors while supporting the continued growth of existing ones, leveraging the […]
The Cambodia Securities Exchange (CSX) continues to demonstrate steady growth, with 25 listed companies as of April, according to a report. These firms include 11 companies listed as equity securities and 14 companies as debt securities. Hong Sok Hour, CEO of the Cambodia Securities Exchange, emphasized the significant capital raised through the local bourse. Highlighting […]
Cambodian Prime Minister Hun Manet called on all relevant stakeholders to expand the country’s electric vehicle (EV) charging station network. Speaking at yesterday’s inauguration ceremony of the new Ford production line and sub-assembly plant in Pursat province, Dr Hun Manet noted the steady rise in electric vehicle usage across Cambodia and emphasised the need to […]
The price of eggs increased in March 2025 compared to March 2024 in the EU, including Cyprus but to a lesser extent, according to data released by Eurostat. The same data shows the increase reported over the past few years has slowed down. In March 2025, the price of eggs in the EU was on average […]
Cyprus is seeing a strong flow of tourist arrivals this spring, with Paphos enjoying robust bookings from key foreign markets and a noticeable uptick in domestic travel over Holy Week. Speaking to Philenews, Cyprus Hoteliers Association (Pasyxe) president Thanos Michaelides said the first half of 2025 is shaping up to surpass the same period last […]
Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social pillar, according to Andreas Alexi of the Cyprus Chamber of Commerce and Industry (Keve). Alexi said the concept of ESG, Environmental, Social and Governance criteria, is becoming increasingly embedded in the business world, as companies recognise that long-term sustainability […]