Central Bank denies knowledge of ERM2

But evidence seems to mount Following the Financial Mirror’s report that the Cyprus pound could enter the Exchange Rate Mechanism (ERM2) either on Monday May 2 or on Monday May 9, the

UAE’s Investbank upgraded

Capital Intelligence, the international emerging markets rating agency, announced on April 27 that it had increased the foreign currency long-term rating of United Arab Emirates’ Investbank to BB+ from BB in view

Talat’s new cabinet

President of the Turkish Cypriot statelet Mehment Ali Talat has announced his new cabinet as follows. Prime minister: Ferdi Sabit Soyer (CTP) Deputy prime minister and foreign affairs: Serdar Denktash (DP) Interior:

Retail sales plunged in January

Retail sales, both in terms of volume and value plunged sharply in January 2005, according to the Department of Statistics. The Turnover Volume Index of Retail Trade for January 2005 decreased by