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 – The former chief executive of the Bank of Cyprus, Andreas Eliades, was sentenced to 2 ½ years in prison on Jan. 5 after being convicted of misleading investors about a capital shortfall in 2012, just before the country’s banks were nearly brought to ruin because of big holdings in devalued Greek bonds and bad loans to Greek businesses who didn’t pay back.
A criminal court said he was guilty of market manipulation, the Cyprus Mail reported, but it wasn’t said when he would begin serving the sentence or if an appeal was being lodged. The bank was fined 120,000 euros ($144,576), a pittance compared to its assets of 22.087 billion euros ($26.61 billion) and operating profits.
Eliades and the bank as a legal entity provided misleading information to investors during the bank’s annual general meeting (AGM) of shareholders on June 19, 2012 about a capital shortfall, the court said, when it was reported the bank was close to full recapitalization and the shortfall was only 200 million euros, about $240.96 million.
A day later, in a letter to then-central bank chief Panicos Demetriades, the bank raised its capital needs to approximately 400 million euros ($481.92 million), twice the original estimate.
It was reported in 2012 that Eliades had in 2009 also instructed his treasury department to keep buying Greek bonds, acquiring 400 million euros ($481.92 million) by the end of that 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.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
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.
Mykonos’ run has been going on for a long time, bringing hordes of tourists, but it’s being cut down by its reputation for being rowdy, expensive, overcrowded and gouging diners while businesses evade taxes.