The mixed community of Pyla iσ experiencing unprecedented growth due to surging property demand despite its unique administrative status. Community Council President Simos Mytides told Phileleftheros that “Pyla currently has one of the highest development rates across Cyprus”. He revealed that more than 1,000 residential units are under construction, with permits pending for an equal […]
The Cyprus Chamber of Commerce & Industry (Keve) on Thursday released a statement congratulating Thomas Kazakos, the director general of the Cyprus Shipping Chamber (CSC), on his appointment as secretary-general of the International Chamber of Shipping (ICS). The appointment was originally announced on December 18, 2024, with Kazakos’ term coming into effect on April 1, 2025. “Kazakos’ appointment to this prestigious position […]
Cambodia ushered in the New Year with a spectacular celebration on Tuesday night, featuring a grand parade, vibrant cultural performances, and a dazzling fireworks display in front of the Royal Palace in Phnom Penh. On New Year’s Eve, hundreds of thousands of people, including Cambodians and foreigners, gathered in key locations in the heart of […]
Cyprus’s business landscape underwent significant transformation in 2024, marked by major acquisitions across banking, insurance, healthcare, retail, and energy sectors, totalling over €1.5 billion in deals. In the banking sector, Eurobank completed its largest acquisition in Cyprus, securing a 93.47% stake in Hellenic Bank for over €1 billion. The Greek group paid a premium price of […]
Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related matters in Cyprus and is available as of January 1, 2025, on the organisation’s website only in English,” the company said. The announcement also noted that this marks the 33rd […]
Following Cabinet approval on December 18, 2024, Cyprus has enacted modifications to its startup visa program. The changes have come into effect today. The government has adjusted several core requirements: Entrepreneurs who want to renew their visas after three years must now achieve one of these benchmarks: Deputy Minister of Research, Innovation, and Digital Policy […]
On New Year’s Eve 2024, approaching the beginning of 2025, Kampot province had approximately 198,000 tourists, including more than 600 international tourists who visited resorts, tourist destination communities, and Kampot City. Meanwhile, the general situation in Kampot province on New Year’s Eve was good, with no notable problems. Soy Sinol, Director of the Kampot Provincial […]
Total exports of Cambodia to the Regional Comprehensive Economic Partnership (RCEP) member countries saw a year-on-year increase by 14.4 percent to $8.25 billion in the first eleven months of 2024, a report from the Ministry of Commerce pointed out. The country’s RCEP exports accounted for 33.9 percent of the Kingdom’s total export volume of $24.34 […]
Cambodia’s three international airports handled a combined 5.65 million air passengers in 2024, up 39.8 percent from 4.04 million a year before, a report from the State Secretariat of Civil Aviation (SSCA) showed. Cambodia has three international airports: Phnom Penh International Airport, Siem Reap Angkor International Airport, and Sihanoukville International Airport. The year 2024 saw […]
The Ministry of Tourism (MoT) yesterday reported that Cambodia welcomed 3.54 million tourists during the last two days of 2024. This figure included nearly 50,000 foreigners while citizens accounted for 3.49 million. According to the Tourism Statistics Report from the Provincial Department of Tourism, the Kingdom received 216,331 local tourists and 18,249 foreigners on December […]
Mang Sinet, governor of Preah Sihanouk Province, has called for establishing an eco-tourism zone on Koh Rong to enhance the region’s appeal to tourists. His remarks came during a recent inspection of the waterfall eco-tourism zone in Koh Rong Sangkat, Koh Rong City, last week, where he engaged with officials, local authorities, and representatives from […]
Angkor Archaeological Park, the most attractive tourism landscape in the Kingdom, received 1.02 million foreign tourists last year, a year-on-year increase of 28.27 percent, from 798,069, a report from the Angkor Enterprise overseeing the Angkor Entrance Pass Sales, showed yesterday. The entry pass sale revenue rose by 28.57 percent to $47.82 million, read the report. […]
As Cambodia ushers in 2025, its economic outlook reflects a mix of steady progress and high aspirations. As outlined in its medium-term public finance framework, the government forecasts an economic growth rate of approximately 6.3% for 2025. According to reports, Cambodia’s Gross Domestic Product (GDP) is expected to reach around $51.39 billion in 2025. The […]
In 2024, the Cypriot economy demonstrated notable resilience and positive developments, achieving an estimated growth rate of 3.7%. This performance was bolstered by increased domestic demand and a stable labour market, with significant contributions from sectors such as tourism, construction, and wholesale and retail trade. The unemployment rate hovered around 5%, indicating near-full employment conditions. […]
The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have made significant contributions to economic activity, benefiting from increased investment activity. Meanwhile, unemployment, which hovered at around 5 per cent, indicated conditions of […]
Tourism revenue reached €407.9 million in October Tourism revenue in Cyprus reached €407.9 million in October 2024, marking a 17.7 per cent increase compared to the €346.5 million recorded in October 2023, according to the Cyprus Statistical Service. For the January-October 2024 period, tourism revenue totalled €2.983 billion, a 6.5 per cent rise from the €2.803 billion in the same period of 2023. This growth was supported by increased […]