Cyprus recorded a further decrease of €43 million or 0.5% in aggregate Non Performing Loans (NPLs) at the end of March 2020 compared with the end of December 2019.

The US on Thursday lifted its advisory against travelling abroad that was in force for nearly five months, but the US Centers for Disease Control still recommends against non-essential travel to more than 200 destinations, including Cyprus and Greece, due to the high coronavirus risk.

The government of Cyprus pledged €5 million to the emergency aid conference for Lebanon on Sunday, saying that it was making available all its public services, including the use of ports and airports to the United Nations forces operating in the region.

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.