University funding reduced by 90 percent

State funding for universities and technical colleges (TEIs) will be 90 percent lower than originally planned, the Education Ministry admitted Friday.

The institutions were due to receive a combined total of 144 million euros by the end of the year but this figure has been whittled down over the last few months as a result of constant adjustments to the national budget. Meanwhile, universities have until Wednesday to confirm that they have begun implementing the recent tertiary education reforms approved by Parliament.

Their first move is meant to be setting up a 15-member advisory board that includes six people that are not linked to the university.

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