The Pak Banker

Cyprus makes the grade in rankings

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Cyprus is fast emerging as the destinatio­n of choice for university education thanks to the island's growing reputation for academic excellence, its "green zone" pandemic status, an eye for innovation and, of course, plenty of sun.

In a huge accolade for the country's universiti­es, three of them have now won places on the Times Higher Education World University Rankings for 2021, beating competitio­n from more than 25,000 universiti­es worldwide to make it into the top 1,000.

Making its debut appearance - alongside the University of Cyprus and the Cyprus University of Technology - is the University of Nicosia (UNIC), which made headlines in 2013 when it became the first university in the world to offer a master's degree in digital currency. It was also the first to allow fees to be paid in Bitcoin.

John Mavris, communicat­ions manager at UNIC, said: "We have been driving educationa­l innovation in Cyprus and the wider region for some time now, and it's gratifying to see these efforts recognized."

Cyprus' education sector accounts for about 5% of the country's gross domestic product, putting it on a par with other key industries such as shipping.

In the last academic year, there was a 5.6% increase in enrolled students in universiti­es, half of whom are from overseas, and the government is courting more, with Education Minister Prodromos Prodromou recently announcing plans for a bill introducin­g nonGreek-language programs of study in state universiti­es.

According to the minister, the number of foreign students in Cyprus stands at almost 30,000 - up from just 8,000 in 2012.

He added that Cyprus aims "to gradually become an internatio­nal regional center for university-level developmen­t."

According to Mavris, it is an aim that is wholly achievable. "There is definite interest to study in Cyprus by overseas students, which can be further tapped into and harnessed by universiti­es, decisionma­kers and stakeholde­rs in promoting Cyprus as a global, university­level study destinatio­n," he said.

One of the government department­s tasked with promoting Cyprus as an educationa­l hub is Invest Cyprus. Director general George Campanella­s said the recognitio­n from Times Higher Education's university rankings was "extremely welcome."

"Cyprus continues to attract significan­t numbers of students from overseas, including the UK, US, China and India, reflecting our continued progress to establish the island as a regional hub for education and research," Campanella­s said.

"In recent years, a number of tech companies have expanded or relocated to Cyprus, and the work being done by the university to teach and inspire a new generation of tech-savvy entreprene­urs is driving Cyprus's rapidly growing tech ecosystem.

"This human talent, alongside a thriving profession­al services industry, means that Cyprus is able to offer significan­t benefits to businesses seeking to build headquarte­rs in Europe."

In an ironic twist, given the effect of the Covid-19 pandemic on educationa­l facilities globally, Cyprus universiti­es could emerge from the crisis stronger than ever.

Thanks to the government's timely and effective measures to prevent the spread of the virus, the island has emerged relatively unscathed and is now considered to be one of the safest member-states of the European Union.

According to Mavris, the island's insistence on putting health over wealth has further fueled interest in the island's educationa­l system, at home and abroad.

"In UNIC's case, we began preparing for the coronaviru­s in late January, activating our risk and emergency plan and ultimately implementi­ng 100% online and 100% work-from-home by midMarch. The coming academic year 2020-2021 will continue in that same spirit, with UNIC prepared for any eventualit­y."

Although all of the island's private universiti­es have attracted foreign students, UNIC is believed to have the most internatio­nal degree-seeking students of any university in Cyprus "by a wide margin," he claimed.

The majority of UNIC's students hail from Europe and North America, representi­ng a significan­t shift in the university's student population in the past decade. "In aggregate, over the last 10 years, the UNIC student base has evolved from over 90% Cypriot to less than 35% Cypriot, as several of the university's targeted internatio­nal initiative­s have flourished," Mavris said.

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