Capital Intelligence Ratings (CI Ratings or CI) announced that it has upgraded the Republic of Cyprus’ Long-Term Foreign Currency Rating to ‘BBB+’, from ‘BBB’. At the same time, CI Ratings has affirmed the sovereign’s Short-Term FCR at ‘A2’. The Outlook for the ratings has been revised to Stable from Positive following the upgrade. The agency […]
The ferry service connecting Cyprus and Greece will operate for a fourth consecutive year, with the Cyprus-flagged vessel “Daleela” scheduled to begin its 2025 season on May 31 from Limassol port, maritime officials announced today. Bookings for the popular maritime route will open on April 2, with the final journey from Piraeus port scheduled for September 2, […]
The Holy Synod of the Church of Cyprus has approved a request from Kykkos Monastery to develop a significant parcel of land near its “Agios Prokopios” dependency in Nicosia. The development will take place on a 331,450 square meter plot owned by the Kykkos Bishopric, with construction covering 324,855 square meters of the total area, according to […]
Limassol-based maritime analytics firm KeelX launched on Monday a generative AI chatbot designed to support faster decision-making and improve operational efficiency across the shipping industry. According to the statement, KX-AI, is embedded in KeelX Analytics and enables users to query a range of topics including fleet performance, emissions management, market trends, regulatory developments and operational […]
Cambodia is set to mark a significant milestone in its aviation sector with the launch of Techo International Airport (TIA) in July 2025. Designed as both a major passenger gateway and a strategic cargo hub, the airport is poised to enhance the country’s connectivity and economic growth. Located about 20 kilometers south of Phnom Penh […]
Cyprus is set to open a new facility dedicated to the care of the endangered Mediterranean monk seal (Monachus monachus), authorities announced on Saturday, marking International Seal Day. The facility will be located at the Cyprus marine aquaculture research centre in Meneou, under the auspices of the fisheries and marine research department (FMRD). The FMRD […]
Bringing the cash clo 21 MARCH 2025 – 15:55 Share this page: The two major banks in Cyprus, Bank of Cyprus and Hellenic Bank, are moving forward with agreements made with President Christodoulides. During a meeting with the President, the CEOs of the two banks, Mr. Michalis Louis and Mr. Panicos Nicolaou, agreed to install […]
The 14th Cambodia International Film Festival (CIFF) opened with a heartfelt ceremony on March 21. On screens across Phnom Penh until March 29, the festival brings filmmakers, cultural leaders and global audiences for a celebration of cinema’s transformative power. The event highlighted the festival’s role as a platform for storytelling, cultural exchange and education. Minister […]
Noel Grealish, Minister of State at Ireland’s Department of Agriculture, Food and the Marine, has announced that this year, the Irish government will provide €800,000 ($865,000) of funding to support the HALO Trust’s mine clearance efforts in Cambodia. The minister is visiting the Kingdom this week as part of a programme to mark Ireland’s National […]
Exploring The Pearl Of Asia Phnom Penh, the bustling capital of Cambodia, offers an extraordinary blend of rich history, cultural attractions, and modern entertainment, making it an exciting destination for families. From exploring the majestic Royal Palace and learning about Cambodia’s past at the National Museum to enjoying thrilling activities at Garden City Waterpark and […]
Hermes Airports has finalised financing arrangements for the second phase of the expansion of the Larnaca and Paphos airports, marking the beginning of construction works aiming to increase passenger capacity, the company announced on Friday. The airport operator has signed all necessary agreements with financing banks and has contracted the construction consortium of Bouygues Batiment International […]
Asian Development Bank (ADB) reaffirmed its strong partnership with Cambodia and commitment to advancing economic diversification, private sector development, and investments in human capital to sustain inclusive growth. The assurance was made by ADB President Masato Kanda during a meeting with Prime Minister Hun Manet at the Peace Palace on Thursday, read an ADB press […]
Oman, a high-income country located in the Middle East and known for its rich oil reserves, is exploring investment opportunities in the Kingdom, the Council for the Development of Cambodia (CDC) said on Thursday. The CDC statement follows a visit by the Omani delegation to Cambodia last week, seeking to explore business and partnership opportunities […]
The ‘9th River Festival 2025’ (March 21-23) kicked off in Takeo province on Friday Prime Minister Hun Manet Saturday asked relevant ministries and institutions to collaborate in strengthening the capacity of communities in tourism areas to better understand hospitality and provide support services to attract more tourists. Speaking at the opening ceremony of the 9th […]
Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a joint conference organised by the CBC and the European Stability Mechanism (ESM), he stressed the need for sustainability, innovation, and inclusiveness in shaping Cyprus’ economic future. […]
Here are the top business stories in Cyprus from the week starting March 17: The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a series of questions regarding the proposed tax reform and its impact on foreign investments and international businesses operating in Cyprus. The letter, signed by CIBA board president Doxia Nikia Hadjivassiliou, […]