The Council of Ministers approved today the amendment of the framework for mixed tourist developments, with the Deputy Minister of Tourism explaining that the most important one, which does not change the overall building rate, concerns the increase of the residential percentage within the total gross area of the mixed tourist development from 33% to 40%.
Speaking after the Cabinet meeting, Perdios clarified that the existing framework has been in place since 2013 and was a memorandum obligation.
(CNA)
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