What Wikipedia says

Archanes is a municipal unit in the Heraklion regional unit, with a population of 4,548 (2001). It is also the archaeological site of an ancient Minoan settlement in central Crete. The discovery of ancient roads leading from Archanes to Juktas, Anemospilia, Xeri Kara and Vathypetro indicate that Archanes was an important hub in the region during Minoan times. Archaeological evidence indicates that ancient Archanes spread out over the same area as the modern town of Archanes.

Sir Arthur Evans was the first to characterize the site as palatial, declaring that Archanes was likely a Summer Palace for the Knossos kings. In 1964, Yannis Sakellarakis dug trial trenches at the Tourkoyeitonia site and uncovered the first evidence of a palace site. Since 1966, Archanes has been excavated by the Greek Archaeological Society.

The economy revolves around grape and olive processing and marketing. Both products account for some 96% of its total agricultural products. The Agricultural Cooperative of Archanes, set up in 1931, is one of the oldest in Greece, and consists of 1119 members. A quarter of the wine production is exported to Germany, France and the Netherlands, and the rest of the production is largely marketed domestically. Since the late 1990s, attempts have been made to convert part of wine making step by step to organic and integrated farming, beginning with the cultivation of table grapes.