Cyprus International University Cyprus International University Cyprus International University was established in 1997, as a result of rising interest in higher educational institutions and instruction in English, and in recognition of the increased need for universities which conduct education in foreign languages in Cyprus and other countries in the region. Cyprus International University is in North Nicosia, the capital of Northern Cyprus; the University is situated 5 km from the city centre, 14 km from the Ercan State Airport, 50 km from the town of Famagusta, and 30 km from the coastal town of Kyrenia. Faculty of Pharmacy Faculty of Economics and Administrative
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