The Deputy Minister of Shipping underscored the commitment of the Cyprus Shipping Administration to intensify efforts in further supporting the shipping industry, while welcoming the International Investment Conference 2024 held in Limassol on Thursday and Friday. The conference is organized by the UK-Cyprus Business Association, aiming to promote business networking between the two countries. In […]
Some of the island’s leading business executives relayed their experience of doing business in Cyprus at the 2nd Cyprus: The New Global Tech & Innovation Hub Summit, held in Limassol to showcase the island’s key advantages as a business and tech hub. Coordinated by Invest Cyprus CEO Marios Tannousis, the panel discussion was entitled “Sunshine […]
The construction sector is one of the most important pillars of the economy, President Nikos Christodoulides has said, stressing the Government’s intention to support the sector. Speaking at an 8 May dinner on the occasion of the 40th anniversary of the establishment of the Cyprus Land and Building Developers Association (LBDA) the President noted that […]
The real estate market returned to an upward trajectory in April after the muted sales in March. The increase in sales in Nicosia and Larnaca was particularly impressive, while Limassol also moved up, maintaining the lead by a margin. Sales reached 5,000 According to data from the Department of Lands and Surveys, the number of […]
Prime Minister Hun Manet reiterated that his government will support the private sector and that regulatory compliance is not a cat-and-mouse game, where the authorities wait for private sector entities to make a mistake. While addressing the May 9 official launch of the Cambodia Confederation of Investors Association (CCIA), Manet said the government will support […]
Cambodia exported goods worth $8 billion in the first four months this year, up 15.2 percent from $7.60 billion in the same period last year, data from the General Department of Customs and Excise (GDCE) showed on Friday. The Kingdom’s imports also rose by 9.3 percent to reach $8.66 billion during the January to April […]
Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), on Friday met with representatives from Hainan Litree Purifying Technology Co., Ltd. to discuss the company’s interest in expanding its investment in Cambodia’s clean water sector. Cai Yunlong, Chief Executive Officer of Hainan Litree Purifying Technology, reported that the company established in 1992 is renowned […]
Cyprus on Thursday joined in the celebrations for Europe Day with events and ceremonies across the island marking the occasion – with the added significance of May 1 also commemorating the 20th anniversary of the Republic’s accession to the EU. The celebrations kicked off early in the day at Eleftheria Square in the capital, with the […]
PHNOM PENH, April 10, 2024 – Minister Sok Soken led a pivotal meeting this week with the leadership of the Ministry of Tourism to strategize on integrating the “BUILD + 3Ds” initiatives into the Ministry’s long-term action plan. The session concentrated on structuring a three-year action plan (2025-2027), focusing on core objectives, indicators, and directives […]
PHNOM PENH, April 10, 2024 — Cambodia’s exports have seen a significant rise, reaching US$8,005 million in the first four months of this year, marking a 15.2 percent increase from the US$7,606 million recorded during the same period last year. This data was provided by the General Department of Customs and Excise. The report also […]
Growth in Cyprus will be at 2.9% in 2024, according to the April projections published on the website of the republic’s Ministry of Finance.Unmute Remaining Time -0:00Fullscreen For the years 2025-2027, GDP is expected to grow further by 3.1%, 3.2% and 3.3% respectively. (CBN)
The United Arab Emirates (UAE) tourism market is rising steadily for Cyprus, Deputy Minister for Tourism Costas Koumis has said, stressing that the Middle East and the Asian markets deserve more attention by Cypriot tourism stakeholders. In a statement on the conclusion of his contacts in the Arabian Travel Market and the Annual Investment Meeting AIM Congress […]
Revenue from tourism returned to growth in February, following the annual reduction shown in the previous month. According to CyStat’s Passengers Survey, tourism revenue amounted to €65.1m in February 2024 compared to €56.6m in the corresponding month of the previous year, recording an increase of 15%. For the period of January – February 2024, revenue […]
Cyprus’ tourism revenue surged by 15 per cent year-on-year in February 2024, marking a significant recovery following a slight 0.9 per cent dip in the first month of the year, according to a report released on Friday by the Cyprus Statistical Service (Cystat). The report, which utilised data collected by the traveller survey, revealed that […]
By Kyriacos Nicolaou The Cyprus Mail recently had the opportunity to sit down for a one-on-one interview with Timur Turlov, the 36-year-old CEO of Freedom Holding Corp., to discuss the company’s growth trajectory and strategic priorities, particularly in relation to Freedom24, the company’s European division, which is headquartered in Cyprus. The interview took place in April, in the context […]
The United Arab Emirates (UAE) tourist market for Cyprus is steadily on the rise, according to Deputy Minister of Tourism Kostas Koumis, who stressed the need for increased attention to Middle Eastern and Asian countries. Speaking following the conclusion of meetings at both the Arabian Travel Market tourism exhibition and the AIM Congress, Koumis stated that discussions during […]