The Central Bank of Cyprus has upwardly revised its forecast for Cyprus’ GDP growth rate for 2025 by 0.1% to 3.2% compared to its December 2024 projections. At the same time, it has maintained its forecast for GDP growth in the period 2026-2027 at 3.1% annually.
Many hotels across Cyprus’ tourist areas have undertaken partial or extensive upgrades in recent years, despite challenges facing the tourism sector. Hotel industry representatives highlight that Cyprus relies on its high-quality hotel facilities and services to maintain competitiveness in the region. Christos Angelides, general director of the Cyprus Hoteliers Association (Pasyxe), told Stockwatch that there is “cautious optimism” for 2025, noting that […]
Cypriot citizens are one step closer to the dream of hassle-free travel to the United States, as final approvals near for Cyprus’ inclusion into the US Visa Waiver Program (VWP). The Cypriot authorities have already done all the necessary groundwork to secure the final green light from the US. A team of experts from the […]
PHNOM PENH, Cambodia — A genetic study of Asian elephants in northern Cambodia published Thursday reveals a larger and more robust population than previously thought, raising hopes the endangered species could slowly recover. Researchers from the Fauna & Flora conservation group collected samples from elephant dung in Cambodia’s northern plains and extracted DNA. From the […]
Cambodia’s public finance system is progressing in the right direction, said Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance (MEF), terming it as realistic, achievable, and aligned with international standards to ensure efficiency, effectiveness, transparency, and accountability in the Cambodian context. Speaking at the opening session of the ‘2024 Annual Review of the […]
The Digital Economy Forum 2025 focussed on Cambodia’s advancing digital landscape by fostering digital literacy and promoting the importance of digitalization. The forum was organized recently at Oakwood Premier Hotel in the capital by the Digital Economy and Business Committee with the support of the Capacity Building Research and Development Fund of the Ministry of […]
Malaysia’s trade performance in 2024 continued to deliver outstanding performance, recording another milestone with trade reaching new heights. Trade, exports and imports rebounded in 2024 with trade amounting to RM2.879 trillion, an increase of 9.2 percent year-on-year, surpassing the RM2 trillion mark for four consecutive years. Similarly, exports exceeded RM1 trillion for four consecutive years, […]
The European Union (EU) Friday granted €15 million, approximately $16.38 million, to modernize Cambodia’s agricultural sector and improve farmers’ access to both domestic and global markets. An agreement to the effect was signed between the European Investment Bank’s (EIB) global division and Cambodia’s Ministry of Economy and Finance (MEF) to support the Agriculture Services Programme […]
A senior Ministry of Commerce official yesterday urged businesses in the Kingdom to promote women’s empowerment. Secretary of State Serei Borapich made the statement while speaking at an event held to mark International Women’s Day. The event titled ‘Gender Equality Means Business’ was organised by UN Women along with the European Chamber of Commerce in […]
COFCO Bio-Energy Co Ltd, a major Chinese state-owned food processing and trading conglomerate, Friday signed a memorandum of understanding (MoU) with Hang Harvest Agriculture Co Ltd, a local company based in Oddar Meanchey province, to purchase 200,000 tonnes of dried cassava. Lim Lork Piseth, Secretary of State of the Ministry of Commerce (MoC), presided over […]
Cham Nimal, Minister of Commerce, has encouraged investment in the electric vehicle (EV) market, highlighting the potential to reduce costs, enhance energy efficiency, and lower emissions, benefiting both consumers and the environment. The Minister made these remarks while presiding over the official launch of the Peugeot 408 2025 Series, which took place at the Premie […]
Cypriot citizens are one step closer to the dream of hassle-free travel to the United States, as final approvals near for Cyprus’ inclusion into the US Visa Waiver Program (VWP). The Cypriot authorities have already done all the necessary groundwork to secure the final green light from the US. A team of experts from the […]
Despite the economic progress in Cyprus, financial literacy levels remain below the EU average, President of the Republic Nikos Christodoulides has said, noting that the government has set the issue of financial education as a major priority. Speaking at the 1st International Conference of the Cyprus Financial Literacy and Education Committee (CyFLEC) entitled “Financial Literacy […]
Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024. All recent revisions indicate a more optimistic outlook compared to previous estimates. A key factor driving these upward adjustments is the bank’s updated profit distribution policy. In its preliminary results announcement, the […]
The highly anticipated InvestPro Cyprus Limassol 2025, organized by Bosco Conference, is set to take place on April 7, 2025, in the business hub of Limassol, Cyprus. This event will bring together top industry experts, corporate executives, financial advisors, and investors for a day of insightful discussions, networking, and business opportunities. InvestPro Cyprus Limassol 2025 […]
Here are the top business stories in Cyprus from the week starting March 10: Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 per cent of the total. According to data from the Deputy Ministry of Tourism, shared on Monday by Stockwatch, this licensing shortfall […]