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Mall Of Cyprus And Mall Of Engomi Join Ablebook Platform

by THEFUTURE.TEAM

June 6, 2024

The Ablebook application has announced its new partnership with the Mall of Cyprus and the Mall of Engomi, integrating their spaces into its platform.

This partnership aims to facilitate access and provide information for people with disabilities and other vulnerable groups, a relevant press release notes.

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Ablebook, an application on Android and iOS devices, aims to improve accessibility and support people with disabilities and other vulnerable groups by offering information and services that facilitate their daily lives.

As noted in the press release, the Mall of Cyprus and the Mall of Engomi offer a range of accessible infrastructure, such as dedicated parking spaces near the entrances, ramps, accessible toilets and comfortable wheelchair spaces.

“Through this partnership, Ablebook users visiting the specific malls can be informed about the accessible facilities and ask for assistance, if needed, from the relevant mall staff. This ensures that all visitors can enjoy their shopping experience and moments without obstacles,” the press release adds.

“Our collaboration with the Mall of Cyprus and Mall of Engomi is another step towards a more equal and open society for all. By offering facilities and services that cater to the needs of people with disabilities, shopping centers contribute positively to social progress and solidarity,” Ablebook’s announcement concludes.

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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.