The Lufthansa Group has made a successful start to the new year with the transfer of the Düsseldorf–Zurich route from Lufthansa to GermanwingsονThursday, 8 January 2015. One of the biggest structural projects ever undertaken by the company has thus been successfully completed on time. The concept of the new Germanwings was presented in December 2012,
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Deposits at the Cooperative Central Bank, one of four local banks that underwent EU-wide stress tests last October, were up by €260 mln in November and December, enhancing the state bailed out institution’s surplus of €331 mln. News reports suggest that despite the outflow of deposits throughout the past year, for fears that savings there
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Etihad Airways, the national airline of the United Arab Emirates (UAE), has been recognised as one of the top ten safest airlines in the world. The internationally-regarded website www.airlineratings.com selected Etihad Airways as one of the safest airlines for 2015, out of a list of 449 global airlines monitored, while only 149 of the 449
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Municipal councilor Fedonas Fedonos, supported by the ruling Deemocratic Rally (DISY) party won Sunday’s mayoral by-election in Paphos, held after Savvas Vergas was forced to resign in early December, having faced several counts of corruption charges and involvement in a multi-million scandal surrounding the town’s sewerage project. Fedonos said soon after he was declared winner
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Ifo President Hans-Werner Sinn has called for an international debt conference on Greece. “Greece needs to get back on its feet economically and become competitive again. This calls for a devaluation of its currency, thus a temporary euro exit, which, in turn, calls for a haircut. All of this must be jointly decided upon and
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Cyprus will host the first qualifier event on Sunday to select the ten best of its 20 hopefuls vying for the final of this year’s Eurovosion song contest to be held in Vienna on May 19-23. During the January 18 selection process, the jury of three former Eurovision song contest entrants Elena Patroklou (1991), Alex
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By Jameel Ahmad, Chief Market Analyst at FXTM After a tiny bounce higher last Wednesday and Thursday, there was some optimism that the oil markets may have been attempting a recovery. This optimism was highly premature, and premature it turned out to be when bearish momentum resumed in the markets on Friday. Both Brent and
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DBRS Ratings has confirmed the long-term issuer rating of the European Union at AAA and the short-term issuer-rating at R-1 (high), with the trend on both ratings as ‘stable’. DBRS rates the EU AAA primarily on the basis of its Support Assessment, in which the credit ratings of the EU’s core member states is the
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Cyprus Airways closed down on Saturday after the troubled national carrier's last flight was operated from Athens to Larnaca on midnight Friday, ending decades of squandering public money and abusing EU aid. Press comments and social media were mixed in their reaction on Saturday, with some saying it was a shame to close the
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Deposit rates in Cyprus remained the highest within the Eurozone in November, with lending rates the sixth lowest among the Euro member state, according to Central Bank of Cyprus data. The interest rate for household deposits of up to one year decreased to 2.59% compared with 2.67% in the previous month, compared to the average
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