Hanban provides a grant for the establishment of Confucius Institute at the University of Cyprus

Project narrative

In November 14, 2013, the Confucius Institute Headquarters (Hanban) and the University of Cyprus signed an agreement to establish the Confucius Institute at University of Cyprus. As part of the agreement, Hanban is obligated to provide teaching materials, an annual fund, and numbers of Chinese instructors. The funds are dispersed through a local Bank of China account or other approved bank account created by the institute. The agreement has a 5-year validity and automatically renews at the end of every 5-year term. Beijing Institute of Education, the cooperating partner, signed a supplementary implementation agreement with the University of Cyprus to provide one or two visiting scholars annually, donate teaching materials, and receive student study groups. The Confucius Institute was officially established with an opening ceremony held on October 28, 2014.