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
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