January 2025 marked a standout month for tourism in Cyprus, as the island welcomed 112,100 visitors, according to a report released on Monday by the state stastical service. According to the report, this represents a significant 27.4 per cent increase when compared to January 2024. This boost is largely due to a sharp rise in […]
Cambodia has earned $187 million from paddy and milled rice exports in the first month of this year, a report from the Cambodia Rice Federation showed last Friday. The Kingdom shipped 59,086 tonnes of milled rice abroad in January this year earning $48 million in revenue, read the report. Over 36,714 tonnes were exported to […]
Agriculture is a vital part of Cambodia’s cultural, social and economic tapestry. Although its share of the gross domestic product (GDP) – the total values of goods and services created in a country – has been gradually declining in recent decades, from 35.5% in 2000 to just 16.5% in 2022, the sector still plays a […]
The Cambodian Rice Federation announced that in January 2025, Cambodia exported 59,086 tonnes of milled rice, earning $48.03 million. According to the Cambodian Rice Federation, 39 rice exporters conducted these exports to 45 destinations, with 23 European countries receiving a total of 36,714 tonnes, valued at $29.79 million. Meanwhile, China, including Hong Kong and Macau, […]
In January 2025, Cambodia’s trade volume with the international market surpassed $5 billion, representing a 24.6 per cent increase compared to January 2024, when it exceeded $4 billion, according to a report from the General Department of Customs and Excise of Cambodia, accessed by Fresh News on 15 February. The report indicated that in January […]
The Interministerial Committee for Strategic Investments is expected to green-light three investments with a total budget of 1 billion euros in the tourism sector on Monday, when it is scheduled to convene. They concern developments at Petalioi, Astakos and in the Peloponnese. Their approval by the Interministerial Committee will mark the start of the licensing […]
Cypriot President Nikos Christodoulides has announced 30 new projects to boost the development of the free part of Famagusta district with a total budget of 122 million euros. They are aimed at improving infrastructure, local services, and the overall well-being of residents. The announcement came during a regional gathering held in Paralimni as part of […]
Cyprus’ GDP growth rate in real terms during the fourth quarter of 2024 is estimated at 2.6%, according to a provisional report published by the Cyprus Statistical Service (CyStat) on Friday. Based on seasonally and working day adjusted data, GDP growth in real terms is estimated at 2.9%. The positive GDP growth rate is mainly […]
Companies in Cyprus weathered the health, price and trade shocks of the past five years relatively well, according to a European Investment Bank (EIB) Group survey. Cypriot businesses are also more integrated into global trade than their peers elsewhere in the European Union, new country results from the EIB Group Investment Survey (EIBIS) show. EIBIS […]
President Nikos Christodoulides has announced 30 projects with a total cost of over 122 million for the free areas of the Famagusta district. The President, who was speaking at a regional gathering held in Paralimni on the evening of 13 February, as part of his tour in Municipalities and Communities of Cyprus, presented the Government’s plan for […]
The English School celebrates 125 years of continuous educational contribution. A Leading Force in Education in Cyprus With a long history of excellence and achievements, The English School stands as an institution of academic distinction and a benchmark for education in Cyprus. Now well into its second century, it continues to innovate while maintaining its […]
Cyprus on Friday approved Chevron’s development plan for the Aphrodite natural gas field. The development plan includes a floating production unit in Cyprus’s exclusive economic zone and a pipeline to transport natural gas to Egypt, the energy ministry said in a joint statement with Chevron Cyprus Limited (CCL). The project will be developed by a consortium comprising […]
Hong Kong businessman Balram Chainrai plans to upgrade and modernise the Rodon Hotel in Cyprus’s Agros region, as part of a multimillion-euro investment strategy, sources close to the investor told philenews. Chainrai, who currently holds a 35.96% stake in AGRO, the hotel’s parent company, has launched a public bid to acquire 100% of the company’s shares […]
The latest reports from the three major credit rating agencies show a general improvement in the ratings of banks in both Cyprus and Greece, reflecting the broader upgrades of both countries’ economies by these agencies. In addition, continued strong economic performance in both nations is expected to contribute to further upgrades of the banking sector […]
President Nikos Christodoulides this week announced a €122 million initiative designed to significantly enhance infrastructure and public services throughout the Famagusta district. The president outlined the details of this plan, wihch includes 30 new and ongoing projects, during a regional meeting in Paralimni, as part of his broader tour of Cyprus’ municipalities. Christodoulides pointed out […]
Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to decisions made by the European Central Bank (ECB). The director of retail banking at the Bank of Cyprus, Theodosios Theodosiou, stated in an interview with state […]