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Cyprus economy sees highest growth rate in five quarters
Cyprus experienced its highest economic growth in five quarters in Q1 2024, with GDP rising by 3.5% compared to Q1 2023, according to preliminary data from Cyprus Statistical Service (Cystat). Adjusted for seasonal fluctuations, the growth rate reached 3.3%, the highest since Q1 2023. Compared to Q4 2023, GDP increased by 1.2%. This marks the 13th consecutive quarter of positive growth since Q1 2021. Additionally, Q1 2024 growth exceeds IMF’s recent estimates of 2.7% for 2024 and 2.9% for 2025.
According to the Statistical Service, the positive GDP growth is primarily driven by sectors such as hotels and restaurants, wholesale and retail trade, communications and art with other service activities.
Read the original article here: https://www.msn.com/en-us/money/companies/cyprus-economy-sees-highest-growth-rate-in-five-quarters/ar-BB1mtUmt?ocid=BingNewsSearch
India, Papua New Guinea co-production ‘Papa Buka’ sets July shoot
In a remarkable cross-cultural cinematic endeavour, Indian filmmaker Dr. Bijukumar Damodaran’s upcoming film “Papa Buka” is set to commence principal photography of locations in Papua New Guinea in July.
The Story of “Papa Buka” “Papa Buka” follows the journey of Indian historians Romila and Anand, who travel to Port Moresby, Papua New Guinea, intending to write a book about the Indian soldiers who fought against the Japanese during World War II in the country. Their quest leads them to 80-year-old war veteran Papa Buka, who serves as their guide, taking them to remote jungle villages to meet his compatriots and record their reminiscences of the war.
Read the original article here: https://sg.news.yahoo.com/india-papua-guinea-co-production-121741721.html
New Zealand government announces $17 million for solar upgrade in Papua New Guinea
New Zealand pledges $17 million to boost Papua New Guinea’s solar energy potential. Deputy Prime Minister Winston Peters and Climate Change Minister Simon Watts announced the investment during their visit to Papua New Guinea. The funding aims to support a new solar upgrade, addressing the country’s reliance on diesel and fuel oil for electricity generation. The announcement is part of a five-country tour around Melanesia, highlighting New Zealand’s commitment to renewable energy in the Pacific region.
Read the original article here: https://www.msn.com/en-nz/news/other/pacific-mission-ii-government-announces-17-million-for-solar-upgrade-in-papua-new-guinea/ar-BB1mheE4?ocid=BingNewsSearch
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