Cyprus' President Nicos Anastasiades addresses on Monday an event for the implementation of the agreement between Nicosia and London on lifting restrictions on property development within the non-military areas of the British Sovereign Base Areas (SBA).g

Cyprus’ President Nicos Anastasiades addresses on Monday an event for the implementation of the agreement between Nicosia and London on lifting restrictions on property development within the non-military areas of the British Sovereign Base Areas (SBA).

The event will take place at 0900 local time at the Presidential Palace.

The President’s press office said this was an “historic” day for residents and property owners in the British Bases as the lifting of restrictions on property development within the non-military areas of the SBAs, paves the way for significant economic, tourist and commercial prospects in municipalities and communities that fall within the Bases.

The agreement was signed on January 15, 2014 by President Anastasiades and former British Prime Minister David Cameron.