2022-2023 Cyprus Country Report
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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />
GOVERNMENT & POLITICS<br />
A Key Player in<br />
the East Med<br />
The geostrategic location of <strong>Cyprus</strong> at the crossroads<br />
of three continents, and its friendly diplomatic<br />
relations with regional neighbours and beyond,<br />
have helped establish the island as an international<br />
business centre and key player in the East Med.<br />
T<br />
he Republic of <strong>Cyprus</strong> is a unitary presidential representative republic, where the<br />
President of <strong>Cyprus</strong> is both head of state and head of government, and executive<br />
power is exercised by the government. Legislative power is vested in both the<br />
government and the parliament, and the judiciary is independent of the executive and<br />
the legislature. The seventh president of the Republic of <strong>Cyprus</strong>, Nicos Anastasiades,<br />
was re-elected for another five-year term on 4 February 2018. The conservative<br />
candidate and head of the DISY party won his second term following a run-off<br />
presidential election with a majority of 55.99% of the vote. The next presidential<br />
elections in <strong>Cyprus</strong> will be held on 5 February <strong>2023</strong>. If no candidate receives a majority<br />
of the vote, a runoff will be held on 12 February <strong>2023</strong>. The incumbent president is not<br />
eligible to run due to the two-term limit.<br />
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