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.

Findings from the government-ordered random sampling program targeting 3,000 people that was finalized on Tuesday confirmed rising concerns that the virus is officially spreading anew through the Cyprus population, with an announcement by health minister Constantinos Ioannou on Wednesday raising the alarm over the dangerous repercussions of the spread getting out of hand.

EΥ continues to invest in the prospect and enthusiasm of young people, with the aim to empower the new generation, especially through the difficult environment that was created as a result of the COVID-19 pandemic. Through its Summer Internship Programmes, it offers once again the opportunity to 3 groups of about 100 university students from Cyprus, the United Kingdom and the USA to join the EY family and experience a variety of activities and trainings across all departments of the Firm.

Cypriot and Egyptian priorities on energy issues were reaffirmed during a video conference between Energy Minister Natasa Pilides and her counterpart Tarek El Molla, it was announced on Tuesday.