General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
NICOSIA – In response to sanctions imposed on Russia following its invasion of Ukraine, the Finance Ministry of Cyprus has confirmed that approximately €1.2 billion ($1.3 billion) worth of Russian-owned assets, managed by Cyprus-registered companies, have been frozen. The ministry emphasized that the majority of these assets were held in credit institutions within the European Union. This sum is in addition to the €105 million already frozen by Cypriot banks.
The Finance Ministry’s statement comes in light of remarks made by European Commissioner for Justice, Didier Reynders, who had previously suggested that Cyprus was lagging behind in freezing Russian-owned assets. While other EU member states had reportedly frozen assets amounting to €2-4 billion, Cyprus had initially reported a comparatively lower sum of around €100 million. However, the ministry clarified that this discrepancy was due to incomplete information provided to the European Commission, which has since been rectified by updating the relevant database.
Taking proactive measures, the Cypriot government is now strengthening its supervisory capabilities to ensure compliance with international sanctions. It plans to establish a specialized unit modeled after the United Kingdom’s Office of Financial Sanctions Implementation (OFSI), as confirmed by the Finance Ministry.
Furthermore, the Cyprus government is eager to participate in a European Commission program aimed at facilitating the effective and consistent implementation of sanctions.
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By: Menelaos Hadjicostis, Associated Press
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
NICOSIA - A meeting between the ministers of energy for Cyprus and Israel - George Papanastasiou and Eli Cohen - led to an agreement that the countries would make an underwater electric cable link a top priority, linking them to Europe.
LONDON (AP) — The British Museum on Thursday appointed National Portrait Gallery chief Nicholas Cullinan as its new director, as the 265-year-old institution grapples with the apparent theft of hundreds of artifacts and growing international scrutiny of its collection.
ATHENS - The European Union needs to get involved in the case of the two-year jail sentence given ethnic Greek Fredi Beleri who was elected Mayor of the seaside town of Himare and said the trial was a farce to get him and protect Prime Minister Edi Rama’s business friends.
Brace yourself for what could be another scorching summer in Greece as scientists are anxious that a warm winter - the warmest January recorded - and climate change will continue to bring weather anomalies.