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Cabinet Approves Bill For A Patient Advocate

by THEFUTURE.TEAM

August 30, 2024

The Council of Ministers has approved a bill to institute a Patient Advocate, with the President of the Republic of Cyprus, Nikos Christodoulides, underlining, during the Cabinet meeting, the importance of the health sector as a key priority for the government.

President Christodoulides on 29 August explained that the independent institution of the Patient Advocate will have the authority to examine complaints and claims concerning patients’ rights, not only within the General Healthcare System (GHS) but also outside of it. It will also, he continued, be responsible, among many other things, for providing information and preparing relevant recommendations.

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He also noted that the decision also establishes an Advisory Committee, whose mission will be to support the work and actions of the Patient Advocate, while at the same time the role and responsibilities of the Committees for the Examination of Patient Complaints will be strengthened.

Health Minister, Michael Damianos, speaking after the Cabinet meeting said that “with this bill, the Ministry of Health is taking a decisive step towards ensuring the rights of patients, both within and outside the GHS.”

He added that the innovations promoted through the proposed bill are crucial for strengthening patients’ rights and improving the quality of health services in the country.

Damianos urged the House of Representatives to proceed with its vote for the implementation of this important initiative that will have a direct positive impact on society.

The Minister of Health also announced a decree, as of 29 August, to repeal all measures relating to COVID 19 which remained in force, including the use of masks in hospitals and nursing homes.

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Competition Authority Launches Comprehensive Review of ExxonMobil Cyprus Acquisition

by THEFUTURE.TEAM

September 16, 2025

Investigation Initiated Over Strategic Acquisition

The Competition Protection Authority has commenced a thorough investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina Holdings Public Ltd through Med Energywise Ltd. This inquiry was formally initiated following a session held on 10 September 2025, after an in-depth review of the pertinent report by the Authority’s Service.

Concerns Over Market Compatibility

Authorities have expressed serious concerns regarding the compatibility of the transaction with established competitive practices. The review indicates that the acquisition may affect several critical petroleum markets, both horizontally and vertically, thereby raising the potential for adverse impacts on market dynamics.

Horizontal Market Dynamics

On the horizontal front, potential effects have been identified in the import market for petroleum products, as well as in both wholesale and retail distribution channels of these products. The consolidation is believed to increase the risk of price rises and coordinated actions, given the direct competitive proximity between Petrolina and ExxonMobil.

Vertical and Adjacent Market Implications

Vertical aspects of the merger are also under close scrutiny. The new entity could restrict competitors’ access to critical infrastructure such as storage facilities, supply channels, and customer bases. These restrictions could further affect the onshore distribution of fuels, the wholesale market for lubricants, and specialized technical services connected with fuel station operations.

Local Market Considerations

Particular attention is being paid to the potential concentration in the retail fuel market. The investigation suggests that a reduced competitive landscape within a four-kilometer radius of the companies’ fuel stations could lead to diminished local competition, adversely impacting consumer prices and options.

Next Steps and Industry Impact

The Competition Protection Authority, which reached a unanimous decision to pursue a full investigation, remains open to submissions from parties that might be affected by this transaction, as mandated by current legislation. A final decision is expected within four months upon receipt of all necessary evidence, potentially setting a significant precedent for future market consolidation cases in the energy sector.