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Highly qualified and multilingual labour force
Cyprus has a young, well-educated talent pool. The country is committed to education and is focusing on reforms to achieve sustainable growth. Since 2004 Cyprus has consistently allocated over 6% of GDP of public expenditure on Education.
Great value for money
An average annual starting salary for a young graduate with a Bachelor Degree is €15,000. The employee will contribute €945 for social security, will pay 0 income tax. The employer will contribute €1500 to social security, for an average total labor cost, for such talent, of €16,500 per year.
There are 341 public and 27 private primary schools and 124 public and 36 private secondary schools. Since 2005, Cyprus is in the top ten countries within the EU with the highest pupil per teacher ratio of 17,8 pupils per teacher.
In 1996, Cyprus established the Cyprus Council for the Recognition of Higher Education Qualifications (www.kysats.ac.cy) which oversees the implementation of standards in higher education in the three public, including one Open University, and three private Universities. Cyprus has more than 20 colleges and 184 accredited study programs.
With accession to the EU in 2004, to ensure the highest standards of quality in education, The Ministry of Education and Culture has harmonized the educational system of Cyprus with the European standards & guidelines. Cypriot educational institutes actively participate in EU programs, like the
Eurydice Network and the ERASMUS program. Of all secondary students 88% speak English, 38% speak French.
Eurydice Network and the ERASMUS program. Of all secondary students 88% speak English, 38% speak French.
In 2006, 30,5% of the population of Cyprus between the ages of 24-65 held a Bachelor, Masters, or PhD degree. The EU25 equivalent for the same year was 23,4%. In Lefkosia alone, there are over 1300 researchers, providing ample opportunity for growth in research, knowledge and innovation.
Latest News
Cyprus ranked 40th out of 183 countries in DoingBusinessReport 2010
- Sep 08, 2009
CIPA calls for constructive dialogue
- Aug 03, 2009
Cyprus Finance Ministry and CIPA to formulate action plan on FDI
- Jul 30, 2009
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