The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to strengthen the market for electric and hybrid vehicles through government funding, adding that electric mobility is a key priority for Cyprus and essential to meeting its environmental targets. The […]
Synopsis: The influx of new carriers will expand the total number of airlines operating at SAI to 16. Siem Reap Angkor International Airport (SAI), the gateway to the wonderful Angkor Wat temples, is set to see more airlines operating international flight services by the end of 2025, a State Secretariat of Civil Aviation senior official […]
Cambodia has reported a total of 3.04 million air passengers in the first five months of 2025, a year-on-year rise of 18 percent, a spokesperson said on Tuesday. Sinn Chanserey Vutha, who is also a secretary of state for the State Secretariat of Civil Aviation, said international and domestic airlines had operated a total of […]
Cambodia’s culinary diplomacy efforts received international recognition last week as Bong Sovath, Under-Secretary of State at the Ministry of Foreign Affairs and International Cooperation (MFAIC), accepted the “Special Award of the Jury” for Taste of Angkor 2 at the 30th Gourmand Awards, held during the Cascais World Food Summit in Lisbon, Portugal, from June 18 […]
Larnaca is about to get a major facelift as plans move forward for a new luxury residential project featuring two soaring 20-story buildings. The Environmental Authority has officially approved the €40 million development by Solvin Ltd, paving the way for construction to begin once permits are in place. Dubbed Aqua Residences, the high-rise complex will […]
Bcentriqe.ai, headquartered in Santa Clara (Silicon Valley), California, United States, has announced its strategic expansion into Cyprus. According to an announcement by Invest Cyprus, the move “aims to empower youth and entrepreneurs with pioneering artificial intelligence solutions”. The agency also said that Bcentriqe.ai’s decision “underscores its commitment to educate and recruit young people and entrepreneurs in Cyprus around […]
PwC Cyprus recently held an award ceremony to honour seven employees for their exceptional performance in the ACCA exams conducted between September 2024 and March 2025, according to an announcement released on Tuesday. The ceremony was hosted at PwC’s Experience Centre and was attended by the organisation’s Chief Executive Officer, Philippos Soseilos, and Anna Loizou, […]
Aegean has clinched the title of Best Regional Airline in Europe at the World Airline Awards 2025, extending its remarkable winning streak to 14 consecutive years, according to an announcement released on Turesday. The award ceremony took place on June 17 at the Air and Space Museum during the Paris Air Show. This distinction represents the 15th time […]
Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB). The figures revealed that Cypriot banks recorded the third-highest return on equity (RoE) across the EU at the end of December 2024, reaching 17.7 per cent. This […]
The Central Bank of Cyprus (CBC), which chairs the National SWIFT Users Group (NSUG), held a high-level online meeting on June 20, with the participation of 45 representatives from Cypriot financial institutions and SWIFT. According to a statement released by the CBC on Tuesday, the meeting focused on critical developments in the payments sector at both global and regional […]
AstroBank on Tuesday announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank. According to the announcement, the agreement involves the full transfer of its banking assets and obligations, including its personnel, to Alpha Bank Cyprus. The bank said that the “integration […]
Synopsis: Enhanced cooperation among public and private stakeholders would help SEZs evolve into key engines of sustainable and inclusive growth. The Council for the Development of Cambodia (CDC) and the International Finance Corporation (IFC) co-hosted a workshop to advance green investment initiatives in Special Economic Zones (SEZs), aiming to align industrial development with sustainable and […]
Synopsis: According to official data, trade between Cambodia and Korea in first five months reached over $362 million, up 11% compared to the same period last year. Minister of Commerce Cham Nimul Friday encouraged Korean investors to invest and do more business, especially in potential sectors such as modern agriculture, food processing industry, automotive, electronics, […]
French behemoth TotalEnergies is seriously exploring investment opportunities in the Kingdom’s oil, gas and renewable energy sectors, a statement issued by the Ministry of Mines and Energy on Monday said. This was revealed as Keo Rottanak, Minister of Mines and Energy, received Mehmet Celepoglu, TotalEnergies Deputy Director for Oceania and Southeast Asia region, at the […]
The Central Bank of Cyprus (CBC) has launched a new programme aimed at enhancing financial literacy among adults, aiming to develop a network of trained educators across the country. The first two-day training session of the “Training of Trainers” programme has begun at the CBC headquarters, forming part of a broader initiative to strengthen financial […]
The priorities of the upcoming Cypriot EU Presidency in the first half of 2026 and issues of economic cooperation between Cyprus and Greece will be discussed by the Cypriot minister of finance, Makis Keravnos, and his Greek counterpart in an official visit the former will pay to Athens from Tuesday.