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.
Cyprus’ much-criticized Golden Visa scheme allowing rich foreigners to get residency permits and European Union passports is opening the door for Russian oligarchs and for organized crime to infiltrate the country and bloc, EU officials warned.
Even some established Russian businessmen on the island are concerned, worrying that the new oligarchs do not live in Cyprus and the properties that they are purchasing will become a ghost town, Al Jazeera reported.
The European Commission is squeezing Cyprus over the visas that were defended by President Nicos Anastasiades as it’s bringing riches into the country despite complaints the investors aren’t being property vetted for ties to crime or money laundering, with the news agency reporting that the marina in Limassol is rapidly filling with luxury yachts.
Cyprus doesn’t require purchasers to even step foot in the country, a worrying aspect as other countries regulations insist the investors show a presence.
Bulgaria, Cyprus and Malta offer passports to investors without any real connections to the countries by paying between 800,000 and 2 million euros ($909,000 to $2.3 million) with the visas likely helping organized crime groups infiltrate the EU and launder money.
Cyprus is fighting a reputation for being a tax haven for tax cheats and criminals from other countries wanting to hide their money and has come under withering criticism for the Golden Visas being offered without, critics said, proper vetting of who’s getting them.
Cyprus toughened up vetting procedures last year after it was accused of running a “passports-for-cash” scheme. It said passport numbers would be capped at 700 a year.
The Mediterranean island introduced the scheme in the wake of a 2013 financial crisis that brought the country to the brink of bankruptcy and forced it to accept a multibillion-euro rescue program from creditors. One Cyprus lawmaker estimated the scheme generated around 4.8 billion euros ($5.4 billion) between 2013 to 2016.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
TORONTO (AP) — Police said nine people are facing charges in what authorities are calling the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago.
Allman Brothers Band co-founder and legendary guitarist Dickey Betts dies at 80 Dickey Betts, who died Thursday at age 80, really was born a ramblin’ man.
NEW YORK — New York police removed a pro-Palestinian protest encampment at Columbia University on Thursday and arrested more than 100 demonstrators, including the daughter of a prominent Minnesota congresswoman.
ATHENS - The special 'Easter Basket,' which offers traditional Easter foods at lower or unchanged prices, will come into effect from April 24 to May 4.
LIVERPOOL - Liverpool failed to overcome a three-goal deficit and was eliminated from the Europa League on Thursday despite beating Atalanta 1-0 in the second leg of their quarterfinal matchup.