Cambodia sets 10-year roadmap for PPP projects

Cambodia sets 10-year roadmap for PPP projects

The Royal Government has announced a comprehensive 10-year roadmap outlining potential investment projects to be undertaken through public-private partnerships (PPP) from 2025 to 2035. The PPP investment projects mainly focuses on infrastructure such as roads, bridges, ports, logistics, energy, clean water supply and waste management, according to a recent statement from Prime Minister Hun Manet. […]

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American tourists top the list at Angkor Archaeological Park, while Chinese tourists rank fourth

American tourists top the list at Angkor Archaeological Park, while Chinese tourists rank fourth

According to a report from Angkor Enterprise, on 4 December 2024, American tourists ranked first among nearly 400,000 international visitors to the Angkor Archaeological Park. In the first 11 months of 2024, 898,339 tourists purchased tickets to Angkor Archaeological Park, an increase of 28.33 percent compared to the same period in 2023. This generated nearly […]

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Government spreads Christmas bonus to more recipients, mountain communities get winter aid

Government spreads Christmas bonus to more recipients, mountain communities get winter aid

The government is set to expand the categories of Christmas bonus recipients and provide additional financial support to mountain community residents, President Christodoulides announced today ahead of a cabinet meeting. Speaking at the start of the Council of Ministers meeting, Christodoulides revealed plans to increase the number of Christmas bonus beneficiaries for 2024 by 40,000, […]

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Real estate and IT drive Cyprus’ third quarter services growth

Real estate and IT drive Cyprus’ third quarter services growth

Administrative, support, and real estate services in Cyprus performed well during the third quarter of 2024, according to the latest services turnover value index report.  Specifically, according to the Cyprus Statistical Service (Cystat), real estate activities recorded an 11.5 per cent increase compared to the same period in 2023.   Information and communication activities followed, rising […]

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Mission to Saudi Arabia boosts Cyprus’ foreign investment prospects

Mission to Saudi Arabia boosts Cyprus’ foreign investment prospects

Invest Cyprus on Wednesday announced that it has concluded a successful mission to Saudi Arabia. The mission, the agency said, will help facilitate future collaborations, supporting the country’s objective to increase foreign direct investment. Specifically, Invest Cyprus travelled to Saudi Arabia to take part in the 28th World Investment Conference (WIC), organised by the World Association of Investment Promotion […]

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Cyprus tourism set a new standard in 2024, minister says

Cyprus tourism set a new standard in 2024, minister says

Cyprus achieved record-breaking tourism results in 2024, according to Deputy Minister of Tourism Costas Koumis. Speaking at the annual general assembly of the Association of Cyprus Travel and Tourism Agents (ACTA), he highlighted that October set a new benchmark, with arrivals surging by 26 per cent compared to 2022. Koumis praised the sector’s resilience in the face of challenges such […]

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Cyprus Business Now: tech adoption, real estate amendment, VC fund investment

Cyprus Business Now: tech adoption, real estate amendment, VC fund investment

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), the study revealed the widespread adoption of such technologies in order to stay competitive and drive growth. Specifically, 84.1 per cent of businesses now […]

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€90m Cyprus mountain highway on track for 2025 completion, minister says

€90m Cyprus mountain highway on track for 2025 completion, minister says

Transport Minister Alexis Vafeades inspected the Astromeritis-Evrychou motorway construction site on Tuesday, confirming the €90 million project remains on schedule for completion in October 2025. The motorway, which began construction in October 2022, aims to strengthen connections between the Troodos mountain communities and Nicosia. During his site visit, Vafeades expressed satisfaction with the progress, noting that contractors […]

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Shanghai firm keen on investing in FTC project

Amid the media reports over the financial uncertainty surrounding the construction of the Funan Techno Canal (FTC) project, Shanghai Hantang Shipping Co Ltd, a Chinese company specialising in logistics and water transportation, has expressed its interest in investing in this megaproject and its associated logistics systems. Noting the potential of the Kingdom’s colossal project, Jason […]

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Limassol to pedestrianise main shopping street on festive Sundays

Limassol to pedestrianise main shopping street on festive Sundays

The Limassol Municipality will pedestrianise Anexartisias Street, the city centre’s main commercial thoroughfare, for three consecutive Sundays during the Christmas and New Year period. In a statement, the municipality said that with Cyprus Police Chief’s approval and in accordance with Limassol Municipal Regulations 2006 regarding traffic management, Anexartisias Street will be closed to vehicles on […]

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Cyprus ready for EU crypto assets regulation

Cyprus ready for EU crypto assets regulation

Cyprus is well prepared for the new EU crypto assets regulation, ushering in a new era on January 1, 2025, the Cyprus Securities Commission assured President Nikos Christodoulides on Monday. Presenting CySec’s report for 2023, chairman George Theocharides said there was “a healthy growth in the securities sector” and outlined a series of challenges ahead. […]

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