Changing taxonomy names for different languages when using CustomPress

Is it possible to change the names of taxonomies for different languages when using CustomPress?

For instance i have created a taxonomy called 'country' and i will like to be able to display this in different languages depending on what language i am using. My site is using WPML in 5 languages and there are 5 taxonomies that i would be looking to have translated.

Thanks & regards

Matt