Total outstanding loans fell to a new low of €31.9 billion with businesses and households struggling in the wake of the pandemic, according to data released by the Central Bank of Cyprus (CBC) on Thursday.

Cambridge will provide a seminar training programme for teachers and students taking part in the project to upgrade English language learning in public and private schools, the Cambridge University announced on Wednesday.

The European Commission has approved a €500,000 Cypriot scheme to support the pig sector which has been badly hit by the coronavirus outbreak, according to CNA.

While business sentiment in Cyprus improved during August, increasing by 1.9 points from July, consumer confidence weakened considerably, according to the University of Cyprus Economic Sentiment Indicator.

Five new consumer segments will emerge beyond the COVID-19 pandemic according to the third edition of the EY Future Consumer Index, a monthly survey tracking the sentiment and behavior of 14,074 people across 18 countries.  Each segment reflects the different ways in which consumers expect to be living their lives beyond COVID-19, how they will make choices, and what really matters to them.

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For the third consecutive year, the University of Cyprus was ranked in the # 601-700 best universities in the world in the Academic Ranking of World Universities (ARWU), also known as the Shanghai Ranking. 

Based on provisional estimates by the Statistical Service of Cyprus, the Turnover Value Index of Retail Trade in Cyprus compared to the corresponding month of the previous year decreased by 5.7% in June 2020 and reached 114.8 units (base 2015=100).

Face masks in some locations are now mandatory for all persons aged 12 and above in the Republic of Cyprus, while the government has revised rules for elementary school students following protests.

Businesses expressed relief on Monday after the government confirmed that financial support to help them through the pandemic crisis would continue for some time.