Cyprus posts first quarterly growth in nearly 4 years

The Cypriot economy grew in the first quarter for the first time in nearly four years, with official figures released on Wednesday showing an expansion of 1.6 percent. It came as EU statistics showed that the eurozone economy as a whole had expanded by 0.4 percent in the first quarter, with a surprising performance by France where growth exceeded powerhouse Germany's. It was the first time the Cypriot economy had grown since the second quarter of 2011 and came after a contraction of 0.4 per