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Forestry College To Reopen After A Decade: Revitalising Environmental Education

After a decade-long hiatus, the Cyprus Forestry College is set to reopen in January 2025, with its ‘Higher Diploma in Forestry’ programme resuming in September 2025. This development follows approval from the Council of Ministers, as announced by Agriculture Minister Maria Panayiotou. The reopening aims to address the understaffing of the Forestry Department and enhance operational readiness, particularly in combating forest fires.

The programme, a three-year course certified by the Cyprus Agency of Quality Assurance and Accreditation in Higher Education (CYQAA), will not only strengthen the Forestry Department’s staffing but also broaden its educational offerings. New programmes will be introduced for NGOs, communities, and citizens, focusing on environmental and nature-related issues. This initiative is expected to foster greater environmental awareness and engagement across various sectors.

Minister Panayiotou highlighted the importance of the college in preserving Cyprus’s forests and enhancing the department’s capacity. The enriched educational programmes will also provide valuable training opportunities for government services, existing staff, and the broader public.

The reopening of the Cyprus Forestry College represents a significant step towards reinforcing the country’s commitment to environmental conservation and education. As Cyprus continues to face environmental challenges, the college’s revival is poised to play a crucial role in equipping future generations with the knowledge and skills necessary to protect and manage the nation’s natural resources.

Interest rates on housing loans up and down on deposits

Cypriot banks raised mortgage rates in August while cutting interest on one-year deposits for households, according to data released by the Central Bank of Cyprus (CBC).

Meanwhile, the total value of new loans dropped sharply in August, falling by 33 per cent compared to July.

The latest figures, published on Wednesday reveal that the interest rate for short-term deposits by households fell to 1.79 per cent, from 1.96 per cent in July. In contrast, the deposit rate for businesses (non-financial companies) travelled in the opposite direction up to 2.33 per cent in August from 2.28 per cent in the previous month.

Consumer loan rates also saw a small decline, dropping to 6.59 per cent from 6.67 per cent in the previous month. Mortgage rates rose marginally to 4.65 per cent, from 4.59 per cent.

Rates for businesses, on loans €1 million also fell to 5.36 per cent from 5.61 per cent. For loans

above €1 million the rate fell to 5.42 per cent from 5.64 per cent.

In terms of new loans, there was a marked drop across the board. Total new loans fell to €395.5 million, down from €596.3 million in July.

Consumer loans also fell with net new loans at €19m, compared to July’s €28m (€26.1m net).

Loans for house purchases also declined significantly, falling to €95.6m, of which €72.3m were net new loans, down from €134.3m (€100.7m net) in July.

New loans of under a million euro to businesses decreased to €52.8m (€34.1m net), down from €75.5m in July (€49.5m net).

Similarly, loans of over a million euros were halved to €179.3m (€78.3m net), compared to €345.2m (€211.8m net) in the previous month.

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