Syracuse contains New York State's oldest economicdevelopmentzone, established in 1987 and now covering about 12% of the city's 26 square miles, designed to attract investment in real estate and businesses with a myriad of financial incentives.
Reiterating their claims to reserves located inthe exclusive economiczone, the Cypriot government dismissed the warnings from Ankara, stating that they would continue to pursue development agreements, according to a Platts report.