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Cyprus votes for new parliament with corruption and living costs in focus - Headlines news and analysis from Global Banking & Finance Review
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Cyprus votes for new parliament with corruption and living costs in focus

Published by Global Banking & Finance Review

Posted on May 24, 2026

3 min read

· Last updated: May 24, 2026

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Far right and newcomers make gains in Cyprus election

Election Results and Political Shifts in Cyprus

By Michele Kambas

Overview of the Election

NICOSIA, May 24 (Reuters) - Cyprus' far right made gains in Sunday's parliamentary election while anti-corruption newcomers and social media influencers captured seats, results showed, which analysts said would reshape the island's political landscape.

Just over half a million Cypriots went to the polls on Sunday to elect 56 lawmakers, in an election seen as a litmus test for trends ahead of presidential elections in two years.

Key parties backing incumbent President Nicos Christodoulides, a centrist who ran as an independent in 2023, were among the biggest losers of the evening.

Performance of Major Parties

Far-right ELAM's Gains

With the votes from Sunday's poll counted, results released by the Interior Ministry showed far-right ELAM, an offshoot of Greece's banned Golden Dawn party, with about 11% of the vote, up from 6.8% in the last legislative elections in 2021, placing it as the third-largest party in the legislature. 

DISY and AKEL Results

It was behind the right-wing DISY and Communist AKEL parties which polled 27.2% and 23.8% of the vote, respectively, indicating a small decline for DISY and a small increase for AKEL.

Impact on Presidential Allies

While executive power in Cyprus rests with the presidency, the losses among Christodoulides' allies signal that he may need to form new alliances to get reelected in 2028.

Three centrist parties backing Christodoulides — Diko, Dipa and EDEK — suffered losses. EDEK, a Socialist party prominent in Cyprus politics since its establishment in 1969, and Dipa both failed to reach the 3.6% threshold to enter parliament.

Reactions and Statements

President Christodoulides' Response

Christodoulides said he respected the result and would strive to cooperate with parliament. "Cooperation with the new House of Representatives will be substantial, honest and institutionally responsible. Our Government will continue to work to achieve convergences where there are common concerns, common priorities and common perceptions of the public interest," he told reporters.

Emergence of New Political Forces

Newcomers Challenge Established Parties

Corruption and Cost-of-Living Issues

Corruption and cost-of-living concerns were prominent in the campaign.

ELAM's Stance on Migration and Cyprus Talks

ELAM campaigned against migration and took a hard line towards negotiations with Turkish Cypriots on the ethnically split island, advocating the closure of checkpoints linking the two sides across a U.N.-controlled buffer zone. 

ALMA's Parliamentary Debut

ALMA, a newly formed movement campaigning on accountability and political reform, secured parliamentary representation for the first time with about 6% of the vote. It has ruled out any cooperation with ELAM in parliament.

Analyst Perspectives on Future Alliances

Analysts Fiona Mullen and Hubert Faustmann said Christodoulides would likely face a delicate balancing act to muster support from dominant parties in the new parliament should he seek reelection, with his principal backers all but wiped out. 

"If he doesn't get the support of DISY, he necessarily needs ELAM support, formally or informally, for any chance of reelection," Faustmann said.

Direct Democracy and Social Media Influence

Another winner of the evening was Direct Democracy, founded by social media influencer and political outsider Phidias Panayiotou, with 5.4% of the vote.  Among his followers, he is best known for staying for weeks outside the offices of X owner Elon Musk in 2023, and eventually succeeding in his stated goal of getting a hug.

(Writing by Michele Kambas; Editing by Helen Popper, Christina Fincher and Andrew Heavens)

Key Takeaways

  • Cyprus’s May 24, 2026 legislative election was framed as a referendum on corruption, cost‑of‑living pressures and institutional distrust, prompting voter shift toward new and far‑right parties (stockwatch.com.cy)
  • Reform‑oriented newcomers ALMA (founded by ex‑Auditor‑General Odysseas Michaelides) and Volt entered the race with polling suggesting around 6–10% support, while ELAM also gained ground (en.politis.com.cy)
  • The election is seen as a bellwether ahead of the 2028 presidential vote: results likely force President Christodoulides to seek new alliances amid weakened backing from centrist parties, with ELAM and DISY among potential partners (en.wikipedia.org)

References

Frequently Asked Questions

How many lawmakers are Cypriots electing in this parliamentary vote?
Cypriots are electing 56 lawmakers from a record field of 753 candidates.
Which parties currently support President Nikos Christodoulides?
Three centrist parties—Diko, Dipa, and EDEK—currently support the president.

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