Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank in terms of financial performance and ownership structure,” said chief executive officer Michalis Louis. “The bank achieved strong financial performance in 2024 with a net profit of €383 million, up […]
The Famagusta branch of the Cyprus Hoteliers Association (Pasyxe) together with the local tourism board (Etap), celebrated the successful conclusion of their online campaign ‘Live Unforgettable Moments’. The campaign, which ran from April until the end of October 2024, has been deemed as “a major success”, reaching over 4.5 million unique users and marking a significant first in […]
Limassol named top startup city in Southern Europe Cyprus has leapt nine places in the 2024 StartupBlink Ecosystem Index, marking it as the fastest-growing startup ecosystem within the European Union, the Research and Innovation Foundation (RIF) has reported. According to the RIF, this jump showcases Cyprus’ rising prominence in this space, especially among countries with populations under 2 million, […]
Cypriot startups are set to receive a significant boost with €26 million in funding secured by venture capital firm 33East in partnership with the European Investment Fund (EIF). The fund aims to stimulate investment in the regional market and enhance its global competitiveness, Vice-President of the European Investment Bank (EIB) Kyriakos Kakouris said at its […]
As the securities market gradually became a source of capital for companies to expand their business potential, six more companies are expected to enter into the market this year. As of February, the Cambodia Securities Exchanges (CSX) has 24 listed companies, including 11 companies listed as equity securities and 13 other companies listed as debt […]
![[Webinar] Unlocking Trade & Investment in ASEAN: Economic Priorities Under Malaysia’s 2025 Chairship](https://cyprusconsulatecambodia.com/wp-content/uploads/2025/02/N10.jpg)
Time & Location Mar 04, 2025, 10:00 a.m. – 11:00 a.m. GMT+8 Webinar Event Details Introduction In 2025, Malaysia assumes the ASEAN Chairmanship under the theme of “Inclusivity and Sustainability”, reflecting its vision for regional growth and equitable progress. Concurrently, Malaysia will also lead the ASEAN Business Advisory Council (ASEAN-BAC), the apex private sector organization […]
A global advocate for heritage protection and preservation, Her Highness Princess Dana Firas of Jordan was given a tour of The Cyprus Museum in Nicosia during a visit to the island. Deputy Minister of Culture Dr Vasiliki Kassianidou (pictured above right with the Princess), who is also an archeologist, carried out the 26 February tour. […]
Cambodia is projected to attract up to 7.5 million international tourists in 2025, Tourism Minister Huot Hak said here on Wednesday. The Southeast Asian nation received 6.7 million foreign visitors in 2024, a year-on-year increase of 23 percent, adding that the country earned a gross revenue of $3.63 billion from the tourism industry last year, […]
Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn highlighted the significance of preserving the region’s peace, referencing the Myanmar case, amid rapid, unpredictable, and often perilous changes driven by escalating geopolitical tensions. “Over the past five decades, ASEAN has stood as a beacon of peace, stability, and prosperity,” he said. […]
Cambodia’s total value of industrial products in 2024 exceeded $15 billion, with nearly $4 billion allocated to the domestic market and over $11 billion attributed to exports, according to the 2024 Annual Report and 2025 Planning of the Ministry of Industry, Science, Technology & Innovation (MISTI) released on Tuesday. Regarding the development of the industrial […]
The Ministry of Tourism has outlined strategic initiatives to enhance and promote the country’s diverse tourism offerings, targeting 7.5 million foreign tourists in 2025. “The tourism sector is projected to see a significant increase in foreign tourists to reach the targeted goal of 7.5 million in 2025,” Minister Huot Hak said in the ministry’s annual […]
The Cyprus property market displayed stabilising trends in the fourth quarter of 2024, according to the RICS Cyprus Property Price Index by KPMG Cyprus, which tracks real estate price trends across all districts. The data revealed moderate increases in all property categories nationwide during the final quarter of last year. When compared to the third […]
President Nikos Christodoulides this week said that Cyprus’ industrial sector’s “vast potential” has yet to be fully exploited. Speaking at the official dinner of the Agios Athanasios Industrialists’ Association in Limassol on Tuesday evening, Christodoulides said that the government is revising its industrial policy, focusing on internationalisation and expanding Cyprus’ industrial presence abroad. Addressing attendees, including Transport Minister Alexis Vafeades, […]
DMA spurs 15-fold growth Cyprus-based Aloha Browser on Wednesday reported an impressive surge in European downloads, experiencing up to 15-fold growth in the year following the implementation of the EU’s Digital Markets Act (DMA). Founder of Aloha Browser, Andrew Frost Moroz, attributed the company’s rapid growth to both regulatory changes and Cyprus’ conducive business environment. “Cyprus’ progressive business environment […]
A productive discussion aimed at enhancing trade and economic relations among Cambodia, European member states, and Mexico took place as H.E. Ros Seilava, Secretary of State and Secretary-General of the General Secretariat for the Steering Committee of Public Financial Management Reform of the Ministry of Economy and Finance, H.E. Houl Bonnaroth, Director General of the […]
Cambodia and Denmark have reaffirmed their commitment to strengthening and expanding diplomatic relations, with a particular focus on maritime transport and port development. This was highlighted during a courtesy meeting and working discussion yesterday at the CDC’s office between Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of […]