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2020 Cyprus Country Report

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

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Education<br />

Sector Profile<br />

EDUCATING A NEW<br />

GENERATION<br />

<strong>Cyprus</strong> is fast becoming a new generation education<br />

hub attracting growing numbers of both foreign<br />

students and acclaimed academics to its universities<br />

with the introduction of new degrees meeting future<br />

market demands and investment in top-tier campuses.<br />

T<br />

he <strong>Cyprus</strong> education sector has<br />

seen a veritable boom in the last<br />

few years. It has become a key<br />

sector the country is determined to<br />

further develop and promote with<br />

the goal of establishing <strong>Cyprus</strong> as<br />

an international education and<br />

research centre of excellence. The<br />

country’s universities are competing<br />

with each other in introducing<br />

new programmes to fit future industries, building<br />

state-of-the-art facilities and developing strong<br />

partnerships with renowned universities and institutions<br />

around the world.<br />

<strong>Cyprus</strong> has always placed strong focus on educating<br />

its population. Public spending on education<br />

and training was around 5.7% of GDP in<br />

2018, well above the EU average of 4.6%. <strong>Cyprus</strong><br />

also has the second-highest tertiary educational<br />

attainment rate in the EU at 57.1% – clearly<br />

surpassing the EU average of 40.7% – and at<br />

64.4% women have a considerably higher attainment<br />

rate than men at 49.2%, according to the<br />

European Commission.<br />

Naturally there is still room for improvement<br />

in the outcomes and efficiency, but with the increasing<br />

number of Cypriots choosing to enrol<br />

in local universities instead of going abroad, and<br />

with the growing number of foreign students<br />

choosing <strong>Cyprus</strong>, it is clear that the quality and<br />

versatility of the country’s higher education offering<br />

is a strong pull factor.<br />

KEY<br />

contacts<br />

Ministry of Education<br />

and Culture<br />

www.moec.gov.cy<br />

<strong>Cyprus</strong> Higher Education<br />

(Ministry of Education<br />

and Culture)<br />

www.highereducation.ac.cy<br />

<strong>Cyprus</strong> Agency of Quality<br />

Assurance and Accreditation<br />

in Higher Education<br />

www.dipae.ac.cy<br />

74 <strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong>

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