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Thessaloniki port authority CEO cites plan to attract business from neighboring Balkan states

By A. Tsimplakis

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The head of the recently privatized Thessaloniki Port Authority (OL.Th) this week promised to maintain the port’s status as the biggest hub for cargo headed to and from northern Greece, as well as aggressively expanding into neighboring Serbia, Bulgaria and the former Yugoslav Republic of Macedonia (fYRoM).

Speaking at a one-day seminar in the northern Greece metropolis, port authority president and CEO Sotiris Theofanis said the port is ready to open transit hubs in Skopje, Sofia and Belgrade. He also said Greece can sustain up to three major transit hubs.

Based on its concession agreement, the now privately-run port authority must implement 180 million euros in initial investments, including a rebuilding of the pier at the container terminal, replacement of cargo cranes and capacity.