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Kardex Systems Ltd
Amdocs: Research and Development Centre in Cyprus
ASBISc Enterprises PLC (“ASBIS”)
FBME Bank Ltd.
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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 €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 341 public and 29 private primary schools and 127 public and 38 private secondary schools (in 2009/10). Since 2005, Cyprus is in the top ten countries within the EU with the lowest pupil per teacher ratio of 11 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 four 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.
Eurydice Network and the ERASMUS program. Of all secondary students 88% speak English, 38% speak French.
In 2010, 32.3% of the population of Cyprus between the ages of 25-64 held a Bachelor, Masters, or PhD degree. The EU27 average equivalent for the same year was 22.7%. Also, 38% of Cypriot tertiary students studied abroad in 2010. In Lefkosia alone, there are over 1300 researchers, providing ample opportunity for growth in research, knowledge and innovation.
Latest News
Cyprus - Russia Double Tax Treaty (DTT)
- May 07, 2012
Russia urges citizens to refrain from buying property in occupied Cyprus
- Apr 10, 2012
The Index of Economic Freedom 2012 - Heritage Foundation and Wall Street Journal
- Mar 22, 2012
