History of Armenians in Cyprus Cyprus, in possession of stores and shops in the ports of Famagusta, Limassol and Paphos, as well as in the capital Nicosia, thus controlling a large segment of commerce. Additionally, Armenian was one of the eleven official languages of the Kingdom of Cyprus and one of the five official languages of the Venetian colonial administration of Cyprus. According to chroniclers Leontios Makhairas (1369–1458), George Boustronios (1430–1501) and Florio Bustron (1500–1570), the Armenians of Nicosia had their own Prelature and used to live in their own quarter, called "Armenia" or "Armenoyitonia". They originally had three churches: "Sourp Kevork" ("Saint George"), "Sourp
Economy of Cyprus Shiarly, stated that the European Central Bank, European commission and IMF officials are to carry out an in-depth investigation into Cyprus' economy and banking sector to assess the level of funding it requires. The Ministry of Finance rejected the possibility that Cyprus would be forced to undergo the sweeping austerity measures that have caused turbulence in Greece, but admitted that there would be "some negative repercussion". In November 2012 international lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision. Both commercial banks and cooperatives will