Not all news from paradise is positive these days as unsustainable practices and the global warming trend threatens to turn Cyprus and other southern European islands into true desert islands. New concerns over Cyprus’ very limited water resources come from Cyprus’s Ministry of Agriculture, Natural Resources and the Environment, which has set up a national […]
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.
In hotel development news this month, despite economic tensions and a soft market for hospitality in some regions, many new hotel developments are slated for start or completion in the mid term. Here’s the latest from the worldwide hotel property market.