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Commission assessment boosts ERM hopes

Cyprus’s hopes for joining the Exchange Rate Mechanism received a boost following the endorsement by the European Commission of the government’s Convergence Program. The Commission said that Cyprus was on track to

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CSE dives as funds trim BOC positions

Equity prices on the Cyprus Stock Exchange (CSE) nose-dived 3% on Friday following a sharp decline witnessed in the shares of Bank of Cyprus trading in Greece. The stamepede for the exits