Cyprus & World News

Kasoulides and Hague sign bases land development agreement

15 January, 2014

An agreement to lift the restrictions in developing properties within the British bases areas was signed today 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 Mr 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 bases

The agreement was announced by President 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.