SHARES in Minoan Group have soared more than 19 per cent after its long running Greek development took a major step forward.
The Glasgow based travel operator has been trying to develop an upmarket resort on a section of the Crete coastline for several years.
It was confirmed that the Greek courts have now approved the draft presidential decree needed for the project.
The company said the decree was signed "with no dissenting opinions" and will now go forward for signing by government ministers to the president.
Shares in the AIM listed business closed the day up 1.75p, or 19.2 per cent, at 10.88p.
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