Kazamias; I don’t have a plan B

2011-10-29

FINANCE Minister Kikis Kazamias yesterday urged opposition parties to approve the 2012 budget saying he has no plan B to tackle the effects of a potential rejection.

Kazamias’ plea came a day after ratings agency Standard and Poor’s cut Cyprus’ long-term credit rating by a notch to BBB, citing the banking system’s exposure to sovereign Greek debt and delays in taking further measures to shore up the economy. 

The minister said the 2012 had to be approved alongside all additional measures geared towards shoring up public finances.

Rainbow Festival goes back to its roots

2011-10-27

THIS YEAR’S multicultural Rainbow Festival will be held only in the capital this Sunday due to the dire economic difficulties faced by the organisers.  

The festival provides the largest anti-racist multicultural programme on the island and is organised by migrant support group KISA in cooperation with migrant and refugee groups, Greek Cypriot and Turkish Cypriot bicommunal groups, human rights organisations and cultural groups. 

According to a KISA press release, due to “serious economic problems” faced by the NGO, the festival, now in its 14th year, will be held only in Nicosia at the Municipal Park (CYTA) this Sunday from 11am to 5pm. 

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.