"The University of Cyprus will not even have the money to pay for electricity." The rector of the University of Cyprus made this shocking statement, Costas Christofidis, who noted that with a stale budget of 20 million euros in 2012, the University will not be able to meet its obligations… Asked whether it would be reasonable to shoulder the costs of students, Mr. Christofides said: "If there are any who do not want to burden the students, these are their teachers. However, when the budget of the University is reduced, in essence, the Public Education is undermined ".Asked to comment on complaints from students about the increase in rents in dormitories, the rector noted that the University loses 400.000 thousand euros per year, as students pay 100 - 135 euros for their accommodation in dormitories, while the cost is or exceeds 400 euro.
He also noted that, "the University of Cyprus is in the red". Expenditures (58 million euros in salaries, 4 million for electricity, 1 million for cleaning, 1 million for security, etc.) are not covered by the 2012 budget.
The Minister of Education, George Demosthenous, appealed to the University of Cyprus not to "victimize" the students, while he stated that he would start contacts with it to reduce its costs. Source: OnlyCY.com