Cyprus’ Industrial Turnover Index reached 124.3 units in February 2024, with 2021 being the base year, set at 100 units, marking a 5.2 per cent increase compared to the same month in 2023. According to a report released this week by the Cyprus Statistical Service (Cystat), the index experienced a total increase of 4 per cent […]
The Council for the Development of Cambodia (CDC) is committed to becoming a high-level consultant institution to all investors by providing them with key information about Cambodia so that they have sufficient and clear basis before deciding to invest in the Kingdom. The commitment was made by Sun Chanthol, Deputy Prime Minister and First Vice […]
Prime Minister Hun Manet has announced two significant developments in the Kingdom’s tyre manufacturing sector. He shared the exciting news as he addressed an April 28 celebration, held to observe the 138th anniversary of International Labour Day, due to be marked on May 1. According to Manet, two new companies are set to join the […]
As Cambodia’s tourism sector is recovering with a significant surge in foreign tourist arrivals, several airlines have expanded their networks and enhanced connectivity to the Kingdom. On May 1, Emirates Airlines will start flying between Dubai and Phnom Penh. The airline said the new route will create more opportunities for travellers to explore diverse and […]
Residency and permanent residency for EU citizens By Konstantinos Kaousliades Cyprus presents a compelling combination of a beautiful climate, a favourable tax and judicial system, a welcoming culture and people, and a stable environment for both living and doing business. It is widely regarded as an attractive relocation destination for individuals and businesses originating from non-European […]
The very idea we have of restaurants has changed profoundly and perhaps irreversibly in recent years. We used to go out to eat, now we mostly stay in and order. I don’t necessarily like the new way, much like I don’t find myself exactly at ease with the digital age or trap music, but the […]
A recently held property conference held in Larnaca expressed great confidence about the city’s real estate prospects, while also providing assurances that the redevelopment of the port and marina will be pursued at all costs. The event, titled ‘Property Show Larnaka 2024’, gathered a large number of property sector professionals and other stakeholders interested in […]
Prime Minister Hun Manet has announced a further strengthening of Cambodia-Japan relations, focusing on modernizing Cambodia’s industrial sector. This declaration was made during the inauguration ceremony of the new $36.8 million Toyota assembly plant in the Royal Group Phnom Penh Special Economic Zone on Thursday morning, May 2. Prime Minister Manet emphasised the ongoing efforts […]
The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released this week by international rating agency Fitch. Hellenic Bank has entered into exclusive negotiations and has signed a put option agreement with CNP Assurances for the acquisition of its […]
Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro-Ro units (Roll-on, Roll-off) in 2023 alone, according to an announcement by the port management company released on Thursday. The announcement pointed out that this number represents a nearly 75 per cent increase in volume since […]
Cyprus’ retail sector experienced a significant upturn in March 2024, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. The report disclosed a 5.5 per cent increase in the retail trade turnover value index compared to March of the preceding year, while the retail trade turnover volume index saw a rise of 5.2 […]
ENI’s discoveries in Cyprus’ Exclusive Economic Zone (EEZ) and the scenarios for the exploitation of the confirmed drillings as well as the preferred solutions to efficiently meet domestic energy priorities were discussed in a meeting the President of the Republic, Nikos Christodoulides, and ENI’s CEO Claudio Descalzi. The meeting was held at the Presidential Palaceon […]
The significant contribution of sports tourism to the tourism economy of the country is confirmed, Deputy Minister of Tourism Kostas Koumis has said. He was speaking to CNA on 1 May, explaining that this year there had been a record number of participants in the Ayia Napa Youth Soccer Festival football tournament. In his statement to […]
“Given the importance of finance in modern society, tackling this challenge is a high priority for CySEC,” Elena Karkoti, Officer A at CySEC’s Department of Strategy, International Relations and Communications notes. Speaking to CBN, the Officer in charge of the financial education of the public at the Cyprus Securities and Exchange Commission, among other things, […]
Trade and investment cooperation between Cambodia and Mexico are expected to increase after a business forum which is planned to be organized in Phnom Penh soon. The remarks were made during a meeting on Monday between Kith Meng, President of the Cambodia Chamber of Commerce and Liliana Ferrer, Ambassador of Mexico to Cambodia. Both discussed […]
According to the Ministry of Commerce, five automobile manufacturers are reportedly building production facilities in Cambodia. The five car companies, including HGB Motors Assembly, EM Automotive, GTV Motor, Toyota, and China Matrix Technology, are structuring their production in preparation for opening their assembly plants in Cambodia Ms. Cham Nimul, Minister of Commerce, said in the […]