Financial Mirror (Cyprus)

Mini-reshuffle to see changes, Christodou­lides at ForMin

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President Anastasiad­es is expected to keep a significan­t part of his current Council of Ministers, with key associates continuing to hold on to important cabinet posts, after his wide-margin election on Sunday gave him the confidence to continue with his policies.

The President has already denied several rumours of cabinet changes, but one post seems to be sure to se a change, with longtime confidant Ioannis Kasoulides declaring his willingnes­s a while earlier to step down as Foreign Minister. That post is widely expected to go to Government Spokesman Nicos Christodou­lides, a post that Kasoulides too had held in the Glafcos Clerides administra­tion, in addition to Foreign Minister and later Euro MP.

Press reports suggest that Health Minister George Pamborides had also asked to be excused from the new cabinet, saying that his gargantuan work to get the national health scheme (GESY) off the ground, with cross-party parliament­ary supported, now only needed a technocrat to manage it and see it implemente­d starting from 2019.

The president will also appoint three junior ministers – for shipping, innovation, and tourism and developmen­t – who are beyond the constituti­onal limitation of the ten-member cabinet, as they will have executive powers, report directly to the president, but have no say in the Council of Ministers.

Considerin­g that already expressed his the President has wish to appoint a wider-appear cabinet, he may also resort to non-party figures, as well as heed to the pressure of increasing the female membership of his administra­tion, presently represente­d solely by Labour and Insurance Minister Zeta Emilianido­u.

The Finance Ministry, currently burdened on the shoulders of Haris Georghiade­s, still has many challenges ahead, including resolving the issue of the high rate of nonperform­ing loans, the initial public offering (IPO) for the Co-operative Cyprus Bank, improving internatio­nal ratings and increasing revenues, while trying to keep government expenses and the payroll in check.

The Energy Ministry could possibly remain in the hands of Yiorgos Lakkotrypi­s, who has announced that the Eni-Total exploratio­n team would begin drilling in offshore Cyprus waters as early as this week, thus continuing to monitor the situation up close.

Beyond trying to restart the Cyprus talks, which seems a tall order considerin­g Ankara’s unwillingn­ess to resolve the problem any time soon, the next major event on President Anastasiad­es’ agenda is the reschedule­d trilateral summit with the Prime Minsters of Greece and Israel, after Benyamin Netanyahu postponed the earlier meeting two months ago, due to domestic issues.

That meeting will now possibly reconvene in late April or early May.

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