- Appeals against a decision by Greek's Interministerial Committee for Strategic Investments to include Minoan Group's Crete project in Fast Track have been withdrawn.

Minoan said the plaintiff's lawyers withdrew the appeals after a request for a postponement of the hearing of the case was rejected by the Plenum of Greece's Supreme Administrative Court.

Chairman Christopher Egleton said: "We are delighted by today's outcome and believe that this illustrates the new reality that exists in Greece. This result reaffirms the Project's Fast Track status.

"Work on the various studies necessary for the environmental approval of the project has continued and these will now be submitted as soon as possible.

"The Greek government has expressed its intention to move forward quickly with strategic investments it considers vital for the country and we look forward to updating the market with further positive news from Greece in the coming weeks and months."

At 2:10pm: [LON:MIN] share price was +0.46p at 6.58p

Story provided by