Mustafa Akinci, who won a run-off for the Turkish Cypriot leadership, is a veteran politician seen as best placed to revive peace talks with the Republic of Cyprus.
Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
With a nighttime procession lit by the glimmer of devotional candles and the flash of smartphone cameras, a church in Turkish-held northern Cyprus hosted its first Easter mass in nearly 60 years.
Rakuten, Japan's largest online shopping mall operator, said Friday it would buy Cyprus-based application maker Viber Media for $900 million, as its expands an overseas empire that includes Canadian e-reader company Kobo.
Greek- and Turkish-Cypriot leaders meet Tuesday to relaunch talks on ending the island's division after a nearly two-year break, with optimism that the energy card could provide a breakthrough.
The European Commission is expected on Wednesday to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost growth and job creation.