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Education
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 €22,800. The employee will contribute €1,500 for social security, will pay €4,560 income tax. The employer will contribute €1500 to social security, for an average total labor cost, for such talent, of €24,300 per year.
There are 345 public and 28 private primary schools and 126 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 15,9 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 30 colleges and 200 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.
According to Eurostat's 2009 "European Union Labour Force Survey", 48% of the population of Cyprus between the ages of 25-34 held a Bachelor, Masters, or PhD degree. The EU27 equivalent for the same year was 31%. Cyprus was ranked as the top nation among EU27.
For more information read the Eurostat announcement.
Percentage of Population with Tertiary Education 2007
Source: Eurostat
As you can see, Cyprus has the highest proportion of tertiary graduates in the European Union with 47% , compared with the European Union average of 29.9%.
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- Jul 30, 2009
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