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Economic sentiment in Cyprus rose in August after a continuous downturn of three months that pushed the Economic Sentiment Indicator (ESI) to the lowest point of the last twelve months, the University of Cyprus’ Economics Research Centre (ERC) said on Monday. According to the ERC, the ESI in August rose by 3.6 points reaching 111.4 points from 107.8 points in July. “The improvement resulted from stronger business confidence in the service sector and, to a lesser extent, from confidence gains in the …
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