17th Apr 2015 15:03
LONDON (Alliance News) - Minoan Group PLC Friday said its project in Crete is included in the draft new regional plan and has been listed for the first time among planned significant investments on the island.
In a statement, Minoan said the draft new regional plan is now open for final public consultation.
"The role of regional plans is to set out the designated land uses and development opportunities for all regions in Greece," Minoan said.
The group said that the inclusion of its project "reinforces the conclusions of the Plenum of the Greek Council of State, which recently unanimously approved a draft of the Presidential Decree granting land planning approval for the project".
"The final step is now for the Presidential Decree to be issued," the group said.
Minoan shares were up 2.0% at 12.75 pence on Friday afternoon.
By Samuel Agini; [email protected]; @samuelagini
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