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The Czech Republic is planning on returning 368 hectares (1.42 square miles) of land to Poland, in order to solve a territorial dispute dating from the 1950s when the leadership of the Soviet Union made adjustments to the border between the two countries, Sputnik reports.

"The Poles have a territorial claim that we acknowledge," confirmed Czech Interior Minister Milan Chovanec, whose government had initially made an offer of financial compensation to Poland, which the latter rejected. The Czech government is now waiting for their Polish counterparts to examine the land being offered in the deal.

"After we finish the analysis, we will turn again to the Czech authorities. The basic condition naturally was that each of the plots must be adjacent to Polish territory," a representative from the Polish Embassy explained.

Although the exact location of the land has not been disclosed, it is has been speculated that some of the territory in question is located in the regions of Krnov and Vidnava, north Moravia, and the Frydland region in north Bohemia.