MINOAN Group has confirmed its proposed development in Crete has received a draft presidential decree from the authorities in Greece.
Chairman Christopher Egleton called the announcement one of the most important in the history of the business.
He said: "At this point, for the first time, there will be a secure environment in which the project can be brought to fruition in order to maximise value to shareholders."
Shares were up 1p, or 7.14 per cent, to 15p.
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