Just posted on ADVFN24 Mar 2017 07:48
Looks like we got it folks ;)))
https://tinyurl.com/loyaj5v
Minoan Group: «Yes» of the CoE in the tourist project in Crete
From Newsroom - 24/03/2017 | 9:25
Rejection was the decision of the Council of State for the two actions were brought before higher judicial authority from the area agencies and residents in the investment of 267.7 mil. Euro for the gross tourist complex in Sitia of Crete Minoan Group. Once again, the Council of State gave the "green light" to proceed with the investment, which has faced in recent years many legal entanglements.
Recalling that request of the operators and local residents was the cancellation of the Presidential decree was adopted in early 2016 the Special Plan of Spatial Development Investment Strategy (ESCHASE) for investing in Sitia and the corresponding Strategic Environmental Assessment (SEA ). The applicants argue, inter alia, that the project area is a protected area of the Natura 2000 network which the Special Environmental Study was never signed, it never established the Management Agency and was never adopted any management plan.
The management of the listed company on the London AIM market, for its part, was in advance optimistic about the positive for the company, the outcome of the new Board, as the planned investment had "passed" since the satisfaction of the competent departments of Council of State. The Plenary Council of State had unanimously decided that the draft Presidential Decree for the project, duly recommended by the government.
Noting that the plan of Minoan Group provides 1,936 beds in 5 small units of 350 beds and infrastructures that are friendly to environment dimension. For this investment, the company already had the end of the 90s lease area of 26,000 acres of Toplou Monastery.
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