🔹️On 8 April 2021, a delegation of the National Bank of Cyprus, led by its President, Constantinos Constantis, had a meeting with the Minister of Finance, Constantinos Petrides.
🔹️During the meeting, plans for the regeneration and revitalisation of Nicosia within the walls were discussed. The Minister presented the plans being made and discussed the relocation of the University of Cyprus’ School of Architecture to the historic building of the Faneromeni School in the walled city of Nicosia, the plans for the creation of student residences in the area and other related issues.
▪️In this context, the intention to provide urban planning and other incentives, e.g. for business activities or the acquisition of permanent housing for the walled city, the preservation of traditional professions to preserve the identity of the area, etc., which will complement the whole effort, was discussed.
🔹️Cyprus Technical Chamber reiterated its strong support for the plans made and noted that there are solutions for the smooth integration of the pupils of Faneromeni School into other schools in the area with utmost sensitivity and respect for the attendance of the children and the elimination of any inconvenience, either for the children or the parents. Also noted was the need for holistic planning so that the revitalization is not single-topic and targeted exclusively at students.
🔹️ Finally, it was pointed out that the whole effort should be accompanied by the possibility of rapid licensing of building restoration works and business operations by the local authority, so that there is no reversal in promoted actions and no loss of investment interest.
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