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Controversial Cyprus land swap approved
Thursday, July 12, 2012
The first ever land swap deal has been approved by the Cyprus government this week.
The exchange of property between Greek Cypriot and Turkish Cypriot owners on the north and south of the island was given the go-ahead by Attorney-General Petros Clerides. It will see the Turkish Cypriot land in Larnaca transferred to refugee Dr. Mike Tymvios by the government, who will then purchase the land from him for €13 million.
The deal follows years of lobbying for a property exchange scheme by the Turkish Cypriot leadership, reports Cyprus Property News. But Clerides emphasised that the land swap was a "special" one-off case.
For more on the case's complicated history and the government's controversial decision, read this detailed rundown at the Cyprus Mail.
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