By August 5 banks had received 1,132 duly completed applications for the Estia mortgage relief scheme, of which 220 were rejected by the ministry of labour.

The ministry of education is busy planning ahead in terms of digital technology and distance learning in case they need to implement it in the new school year and there are four possible scenarios depending on the health data that will be available at the end of the month a few days shy of the start of the new school year on September 1 before those in charge of the decision making.

There was a small, but perceptible drop in prices in Cyprus this year.

Retail operator Ermes Group – the CSE-listed Ermes Department Stores, Cyprus Trading Corporation and Woolworth (Cyprus) Properties – have sold their two flagship stores in Nicosia and Limassol for €119 million to Bank of Cyprus and Hellenic Bank to offset debts.

Cyprus’ current coronavirus reproduction number is between 1.6 and 2, experts in the government’s coronavirus taskforce said Thursday, noting that the goal is not a second lockdown, but that should our frame of mind should not be that of running a quick race, but a marathon.

Cyprus is ranked 35 among 85 countries globally when it comes to digital quality of life in 2020, according to the Digital Quality of Life (DQL) index published annually.

Moody’s ratings agency said Wednesday Bank of Cyprus’ sale of almost €1 billion in non-performing loans to investment firm PIMCO was credit positive.

Talks between Cyprus and Israel are on the right track as regards Israel’s Yishai gas field which is adjacent to Cyprus’ Aphrodite field, Energy Minister Natasa Pilides said on Wednesday after her first video conference with her Israeli counterpart Yuval Steinitz.

Unemployed people registered at the District Labour Offices on the last day of July 2020, reached 32,313 persons, according to a press release issued on Wednesday by the Statistical Service.

After a spike in Covid-19 cases that has seen the virus spread, Cyprus should be back to single-digit infections within three weeks if measures like wearing masks are followed, a government expert said.