OLP and OLTH Can Boost GDP by 5.6 Billion/Year

OLP and OLTH Can Boost GDP by 5.6 Billion/Year

Business at Greece’s two privatized ports, Piraeus and Thessaloniki, could increase the country’s gross domestic product by up to 5.6 billion euros a year, a survey by the Foundation for Economic and Industrial Research (IOBE) has found. The strategic position of Greece’s two main ports is seen as crucial for international trade.
The significance of Piraeus Port Authority (OLP) in the eyes of its Chinese owners was made clear by the recent visit of Wan Min, president of the China Cosco Shipping Corporation. The senior official of the Chinese Communist Party was in Athens to chair OLP’s anniversary general meeting on the completion of a year since its acquisition by Cosco.
Last week Boris Wenzel, managing director of Terminal Link, also arrived in Athens. The executive of the CMA-CGM subsidiary came to ensure that the buyout of 67 percent of Thessaloniki Port (OLTH) by the consortium which includes Terminal Link will proceed fast and unhindered.
 
 
Ekathimerini
 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.