Press Release
The Executive Managing Director (CEO) of Petrolina (Holdings) Public Limited, Mr. Dinos Lefkaritis, presented the company’s first scholarship, amounting to €10,250, to the MBA (Master in Business Administration) student at the University of Cyprus, Mr. Pantelis Petrou, during a special ceremony held at the University of Cyprus on Friday, 28 November 2025.
The scholarship, which covers the tuition fees of the MBA Program, was awarded to the student, on the basis of academic merit and socio-economic criteria, acknowledging his dedication and exemplary academic performance.
The ceremony attended the Vice Rector for Academic Affairs of the University of Cyprus, Professor Dr. Eleni-Tatiani Synodinou, the Dean of the School of Economics and Management, Professor Dr. Sofronis Clerides, the Chairman of the Council, Mr. Tasos Anastasiou, and senior members of the academic community.
In his address, Mr. Dinos Lefkaritis stated that “Through its long-standing support to the community, Petrolina enhances and rewards academic excellence, strengthening education and empowering future professionals. As part of this commitment, we are proud to support such a dedicated and deserving MBA student at the University of Cyprus, Mr. Pantelis Petrou, and it is truly rewarding to know that our contribution will help him pursue his academic and professional aspirations.”
The Vice Rector for Academic Affairs, Professor Dr. Eleni-Tatiani Synodinou, in her remarks, emphasised that “Today’s event highlights the power of collaboration between the University and the business community, as well as the importance of supporting young talent. Initiatives such as the Petrolina scholarship strengthen the link between education and society and provide meaningful opportunities for young people to develop their knowledge and skills.” Expressing her gratitude on behalf of the MBA Program and the University of Cyprus, she added: “This scholarship enables a deserving student to continue his studies with greater focus and prospects. Such acts represent a tangible investment in the future of the younger generation and serve as inspiration for the leaders of tomorrow.”
MBA student Mr. Pantelis Petrou, in his own address, noted: “It is a great honour to be the first recipient of Petrolina’s scholarship. This financial support enables me to continue my studies with confidence and dedication. I sincerely thank Petrolina and Mr. Lefkaritis for their trust and meaningful encouragement.”
THE MBA PROGRAMME OF THE UNIVERSITY OF CYPRUS
The MBA Programme of the University of Cyprus, accredited by both EFMD and AACSB, is ranked among the leading Business Administration programmes in Cyprus and the broader Eastern Mediterranean region. Its mission is to deliver high-quality education in Management and Finance through modern, innovative, and practical teaching methods.
