OLP and OLTH Can Boost GDP by 5.6 Billion/Year
Wednesday, 05 July 2017
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.