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  • Cyprus tourist arrivals plunge but Russians keep coming
    British and German tourists stayed away from Cyprus in March but the number of Russian visitors rose as arrivals on the Mediterranean island plunged 16.3 percent from March 2013, official data showed Thursday. The 16.3 percent drop to 77,533 from 92,620 in March 2013 was the largest dip in tourist arrivals for 13 months, and followed an increase recorded in February. For the first three months ...
  • Greek Christians mark rare Good Friday in Turkish north Cyprus
    By Michele Kambas FAMAGUSTA, Cyprus (Reuters) - Hundreds of Greek Orthodox pilgrims, some coming home after 40 years of forced exile, commemorated the crucifixion of Jesus in a rare Good Friday service in northern Cyprus on Friday. "This is one of the happiest days of my life," said Anna Marangou, a Greek Cypriot archaeologist and historian who lived in Famagusta until her family was forced to ...
  • Bank of Cyprus sells business in Ukraine, Romania
    FAMAGUSTA, Cyprus (AP) — Cyprus' largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender.
  • Bailed-out Cyprus to test bond market in June
    NICOSIA, Cyprus (AP) — Bailed-out Cyprus says it will issue six-year government bonds every month starting in June as a first step to returning more permanently to international markets after a three-year absence.
  • Greek Cypriots hold historic mass in Turkish-held north
    Famagusta (Cyprus) (AFP) - For the first time in almost 60 years Greek Cypriots thronged a church in the Turkish-held north for a Good Friday mass amid a drive to reunify the Mediterranean island. The church of St George Exorinos in Famagusta on the east coast was packed with crowds of worshippers for the historic mass. Those who could not find place inside the 14th century Greek Orthodox church ...
  • Why Cyprus Semiconductor (CY) Stock Is Rising Today
    NEW YORK (TheStreet) -- Cyprus Semiconductor shares are up 1.5% to $9.89 in trading after reporting first quarter earnings in line with analysts estimates.The company posted lower revenue --$170 million this quarter compared to $173 million over the same period in 2013 -- but increased EPS by 4 cents to 7 cents this quarter, matching analysts EPS estimates.The company attributed the higher ...
  • Partners in Israel's Leviathan field bid to sell gas to Cyprus
    The partners developing Israel's offshore Leviathan natural gas field are looking to sell gas through a pipeline to Cyprus, officials said on Thursday. The group has bid to supply Cyprus' state-run natural gas company, DEFA, between 0.7 to 0.95 billion cubic meters (bcm) of gas annually for up to 10 years, said Israeli conglomerate Delek Group, whose units Delek Drilling and Avner Oil hold key ...
  • Cyprus president sees market return end '15, wary on more Russia sanctions
    Cyprus expects to return to international markets late next year but cannot rule out testing the waters earlier to gauge the appetite for Cypriot debt, the president of the bailed-out Mediterranean nation said on Wednesday. In an exclusive interview with Reuters, Cypriot President Nicos Anastasiades said an "economic dependency" on Russia - common with other EU member states - could have an ...
  • Bank of Cyprus sells business in Ukraine, Romania reducing risk to balance sheet
    FAMAGUSTA, Cyprus — Cyprus' largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender.
  • Cyprus: An island on the mend
    Editor's note: John Defterios is CNN's Emerging Markets Editor and anchor of Global Exchange, CNN's business show focused on the emerging markets. Follow John on Twitter.