FREQUENTLY ASKED QUESTIONS

Have Questions? Find Your Answers.

Find answers to frequently asked questions about the Cyprus Economics and Finance Olympiad (CEFO), including participation, registration, examinations, preparation and the National Team.

FAQs for Students

1Can I participate?

Yes, if you're a Lyceum student at a public, private or technical school in Cyprus and will be under 20 on 30 June 2027. Any academic orientation is welcome.

2Do I need to study economics?

No. Phase 1 gives you all the information you need in each question and tests how well you reason with it.

3When is it?

Registration runs from [date] to [date], and the Phase 1 exam is on [date].

4How do I register?

Fill in the online form, pay the €10 fee (or claim an exemption) and wait for your confirmation email.

5Does it cost anything?

€10 per student. Students from families with three or more children and from households receiving the minimum guaranteed income don't pay.

6What will I be examined on?

Reasoning in ten economics and finance theme areas, from prices and markets to saving and investment.

7How should I prepare?

Read the themes, follow economic news and practise timed questions.

8Where will I sit the exam?

At the Cyprus University of Technology in Limassol. Your room and time are emailed about a week before.

9What should I bring?

Your identity card, pens and a simple calculator. Phones, smartwatches and any electronic communication devices are strictly prohibited.

10What language is the exam in?

Phase 1 is in Greek and English. The international Olympiad is in English.

11How are winners chosen?

The top 20 from Phase 1 go to the Bootcamp, the top 10 go to the National Final. The five students with the highest overall scores after completing all phases form the National Team.

12What happens if I'm selected?

You train with CUT faculty, you receive national recognition, a medal, and represent Cyprus at the International Economics Olympiad 2027.

13Will the team travel to the IEO?

Cyprus's participation is primarily remote. In-person participation may be arranged if adequate funding is secured through sponsors and institutional supporters.

FAQs for Teachers

1Do I register my students?

Students may register individually, or a teacher/school representative may register students on their behalf.

2How many students can participate?

There is no limit per school.

3What should I teach them?

Phase 1 tests reasoning. Use the sample questions, news discussions and the ten theme areas.

4Who do I contact if there is a problem?

The organising committee at fams.helpdesk@cut.ac.cy or +357 25 245094.

Still Have Questions?

Contact the organising committee at the Department of Finance, Accounting and Management Science, Cyprus University of Technology.