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Shacolas donates €9m towards UCY medical school

Fromleft: Nicos Shacolas, Constantinos Christofides and PresidentNicos Anastasiades

THE NICOS and Elpida Shacolas Foundation has donated nine million euros towards the building of the University of Cyprus’ (UCY) Medical School.
Businessman, Nicos Shakolas, signed the agreement with UCY’s rector Constantinos Christofides in the presence of the President Nicos Anastasiades, Education Minister Costas Kadis, the UCY board and the medical school’s students.
The school will be called Nicos K. Shacolas School of Medicine and Health Sciences.
President Anastasiades said that the foundation’s generosity would contribute to the steady development of the university.
“The first public university driven by knowledge, research and innovation, has succeeded in securing numerous European funds and has become the biggest employer in terms of youth,” the president said.
He said that the UCY employs more than 500 new scientists, with funding coming exclusively from EU programmes and that it has successfully approached organisations and private individuals to contribute through donations and scholarships.
“The development of UCY contributes to the development of the country,” the president said.
Christofides said that the donation has made it possible to achieve the goals of the university and of the medical school in difficult economic times.
Shakolas has already donated another €4.5m for the erection of the ‘Shacolion Health training centre’ also at the UCY.

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