Minoan Group says Stewart Travel was a veritable boat anchor for its Crete resort endeavor. Will the project finally go forward now?
The Minoan Group has a clear runway to develop a €250 million euro resort near Sitia in the Lasithi prefecture of Crete. A court ruling over the controversial resort development known as the Itanos Gaia Project opens the door for Minoan.
According to news from Minoan Group, the resort development project is a step closer to getting approval for building on the Cavo Sidero peninsula. After several years of red tape dealings, the Chairman of Minoan says signatures for a needed presidential decree may be forthcoming. Stocks in the company surged on the news.