Old guard against new blood in Cyprus presidential vote

Jan 26, 2018

Cypriots are voting Sunday to choose a president who could break a cycle of failure in talks to reunify the ethnically split island-nation _ and deliver the benefits of a rebounding economy to citizens still recovering from a severe economic crisis

NICOSIA, Cyprus — Cypriots are voting Sunday to choose a president who could break a cycle of failure in talks to reunify the ethnically split island-nation — and deliver the benefits of a rebounding economy to citizens still recovering from a severe economic crisis.

The incumbent President Nicos Anastasiades, 71, will face off against two main challengers: Nicholas Papadopoulos, the wealthy scion of Cyprus' late former President Tassos Papadopoulos and leader of the center-right DIKO party, and independent Stavros Malas, who is backed by the communist-rooted party AKEL.

Polls show Anastasiades comfortably leading both challengers, though he doesn't appear likely to pick up more than half of the votes cast in order to win outright and avoid a Feb. 4 runoff. There are some 551,000 elible voters.

The latest polls show a toss-up on which challenger Anastasiades will face in the runoff. Malas, a 50-year-old geneticist who ran against Anastasiades in 2013, has rallied to close up an early lead by Papadopoulos, 44.

Two other challengers — Yiorgos Lillikas, a former foreign minister, and Christos Christou, who leads the far-right ELAM party — trail far behind in the polls.

Anastasiades, who is running for his second and, he says, last presidential term, represents the island nation's political old guard. He says it's his experience, political savvy, and steady hand that have brought the latest round of talks with breakaway Turkish Cypriots to reunify the island as a two-zone federation the closest they've ever been to a mutually acceptable deal in more than four decades of trying.

Those negotiations collapsed in July over what Anastasiades called Turkey's "irrational obsession" to put Cyprus under its thumb and convert the island into its "protectorate" by keeping troops on the island and military intervention rights as part of a deal. He said other provisions sought by Turkey would've made the island subservient to Ankara's diktats.

Cyprus was split following a 1974 Turkish invasion triggered by a coup aimed at union with Greece. Turkey maintains more than 35,000 troops in the north, where Turkish Cypriots have declared independence that's recognized only by Turkey.

Polls have shown most Greek Cypriots would vote down a deal that includes a Turkish troop presence and military intervention rights.

Anastasiades says peace talks remain his paramount concern and has pledged to get them restarted from where they left off if he's re-elected. He said his first act in office will be to reach out to Turkish Cypriot leader Mustafa Akinci to scope out prospects for the talks' resumption. Malas said he would first speak to Akinci too; Papadopoulos said he would sound out U.N. Secretary-General Antonio Guterres.

Papadopoulos and a coalition of smaller, center-right political parties that back his candidacy have attacked Anastasiades for what they call a credibility deficit. They accuse Anastasiades of talking tough but making too many "dangerous" concessions to the minority Turkish Cypriots when pressured on such issues as rights to property lost during the war.

With peace talks on the backburner, the economy has been put front and center as the key issue that will determine the winner.

Both Papadopoulos and Malas have attacked Anastasiades for crushing the middle class with a tough, three-year, multimillion-euro rescue program that Cyprus sought from its Eurozone partners in 2013 to avoid bankruptcy amid a banking crisis exacerbated by government overspending.

They accuse Anastasiades of showing up unprepared to a European leaders' meeting and accepting a deal he had earlier rejected that burned many depositors in the country's two largest banks by seizing savings over 100,000 euros. That money was used to prop up Cyprus' wobbly banking sector.

Arguing that he had no other choice, Anastasiades has taken credit for slashing wasteful spending and enacting business-friendly reforms that turned the economy around. Cyprus now has one of the highest growth rates among EU member states of around 4 percent of GDP.

His opponents argue that any new wealth has yet to trickle down to the working classes, which have seen benefits and wages slashed but are still weighed down by a mountain of debt that many aren't paying off.

The new president will also oversee an offshore oil and gas search seen to boost economic and political alliances with Israel, Egypt and Jordan, but risks ratcheting up Turkey's anger, which disputes the drilling.

A strong undercurrent of disillusionment among young people over what they see as a corrupt, favors-for-votes system has translated into one of the lowest numbers of new voters who registered to cast their ballot. Only a quarter of some 40,000 new eligible voters signed up to vote.

Analyst Christoforos Christoforou said the abstention rate in the elections could reach 28 percent, significant for Cypriot polls that have traditionally seen very high voter turnouts.

More News

People playing loud music on buses could face £100 fine
Oct 19, 2026
People playing loud music on buses could face £100 fine

Antisocial behaviour on buses in England could lead to fines while a new campaign is also being launched for trains. A national campaign asking rail passengers "share the carriage, not the noise" is being launched.

EU tariffs aimed at China hitting Ukraine, steel boss says
Oct 18, 2026
EU tariffs aimed at China hitting Ukraine, steel boss says

The boss of one of Ukraine's biggest steel companies says the country has been "bundled together" in measures aimed at curbing cheap imports.

Don't fall for this - how to protect yourself from AI scams
Oct 18, 2026
Don't fall for this - how to protect yourself from AI scams

Trading standards officers say AI is "super-charging" existing scams through clones and fake websites.

Home sellers cut asking prices on 3,000 properties a day
Oct 18, 2026
Home sellers cut asking prices on 3,000 properties a day

More property asking prices are being cut than at any time in 15 years, data shared with the BBC shows.

Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor
Oct 18, 2026
Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor

The Trump administration is ignoring the will of Congress and waiving new Russia sanctions amid fears that high energy prices will cost Republicans in next month’s elections.

What Is Starshield, SpaceX’s Military-Grade Satellite Internet Service Ukraine Relies On?
Oct 18, 2026
What Is Starshield, SpaceX’s Military-Grade Satellite Internet Service Ukraine Relies On?

For years, Ukraine’s armed forces have relied on satellite communication services developed by Elon Musk’s SpaceX. Recent restrictions have hampered its war effort.

Microsoft pulls out of UK's largest AI data centre
Oct 18, 2026
Microsoft pulls out of UK's largest AI data centre

Tech firm Nscale says it is still committed to building the site in Essex.

Oklahoma Families Faced the Hottest Summer Ever and an Electricity Crisis
Oct 18, 2026
Oklahoma Families Faced the Hottest Summer Ever and an Electricity Crisis

Record heat and a rising demand for electricity are closing in on Oklahoma families trying to keep the lights on and the AC running.

Gleaning group gives £1m of produce to food banks
Oct 18, 2026
Gleaning group gives £1m of produce to food banks

Gleaning Cornwall warns that more funding is needed as costs rise sharply.

What is the Budget and what could be in it?
Oct 18, 2026
What is the Budget and what could be in it?

Chancellor John Healey will set out his plans for UK taxes on 28 October.

3 Charts That Explain the Economy as Voters Head to the Polls
Oct 18, 2026
3 Charts That Explain the Economy as Voters Head to the Polls

Inflation is high, consumer spending is strong and seemingly everything depends on what happens with artificial intelligence.

United’s C.E.O. Says It Should Cost More Not to Sit in the Middle Seat
Oct 18, 2026
United’s C.E.O. Says It Should Cost More Not to Sit in the Middle Seat

Scott Kirby of United Airlines said that “it’s expensive to fly airplanes” and that airfares may have further to rise.

Manage The Numbers

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Newsletter