University of Cyprus consisted of 486 undergraduate students. During the academic year 2010–2011, 4691 undergraduate students attended courses offered by the 21 departments. At the same time, there were 1549 postgraduate students. Based in the capital of Cyprus, Nicosia, teaching is mainly in Greek. The official languages are Greek and Turkish, but only a few Turkish speakers are registered. Since September 2005, the university credit point system is based on ECTS. Those eligible to participate in the entrance examination for the University of Cyprus are Cypriot citizens or those with at least one parent of Cypriot origin. Prospective students will have graduated from
Economy of Cyprus Shiarly, stated that the European Central Bank, European commission and IMF officials are to carry out an in-depth investigation into Cyprus' economy and banking sector to assess the level of funding it requires. The Ministry of Finance rejected the possibility that Cyprus would be forced to undergo the sweeping austerity measures that have caused turbulence in Greece, but admitted that there would be "some negative repercussion". In November 2012 international lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision. Both commercial banks and cooperatives will