An agreement to lift the restrictions in developing land owned by Cypriots within the Sovereign Base area was signed today, Wednesday, in London, on the occasion of President Anastasiades’s official visit to the UK.
The agreement was signed between Foreign Minister Ioannis Kasoulides and Foreign Secretary William Hague at Carlton House, the official residence of the Secretary, in the presence of Anastadiades. Mr Hague commented that there had been a lot of work in this agreement.
The right of the owners to develop their land concerns 15 local administrative units, which make up 78% of the total area of the British bases.
The agreement was announced by Anastasiades on Tuesday night, during a working dinner with the Secretariat of the National Federation of Cypriots in the UK. He noted that it is a significant development which will benefit thousands of people and will give a new dimension in the economy recovery prospects.