
The Hellenic Republic Asset Development Fund- HRADF announced the start of the process for the exploitation of the Volos Port Authority, by posting a brief description of the project and the conditions that will govern the international tender for the sale of a majority of the shareholding capital of the company on the Fund’s website .
At the same time, it is emphasized that the consultants assisting the Fund in the process of privatizing the Volos Port Authority have been instructed to investigate possible investment interest in the disposal of a percentage of the company’s share capital amounting to at least 67%.
Right to use and exploit
The Volos Port Authority has the right to use and exploit the port of Volos, the marine facilities of the fishing shelter located at the eastern end of the city’s seafront, the port facilities of Almyros and Agria.
The Concession Agreement between the State and the Volos Port Authority it has a term of 60 years from its signature and expires in 2062. The company’s main activities include cargo and container services, steel and scrap, dry and liquid bulk and passenger services, including ferry boats to the Sporades, as well as cruise operations.
As noted, the HRADF has appointed Deloitte Business Solutions S.A. and Euroconsultants S.A. to act jointly as financial advisors and Doxiadis Associates has acted as technical advisor with regard to the tender process and the transaction.


Latest News

Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.

Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.

Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”

Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region