Greek Prime Minister Kyriakos Mitsotakis on Monday evening announced that his government has decided not to privatize the extreme northeast port authority of Alexandroupolis, citing its geostrategic significance in the current period.
Alexandroupolis has emerged as an alternative to the maritime passage through the Turkey-controlled Dardanelles and Bosporus, which are burdened with restrictions emanating from the Montreux Treaty.
In a wide-ranging television interview on a prime-time television newscast, Mitsotakis said “…the government has decided, amid the current juncture, that Alexandroupolis (port) is of heightened strategic, geopolitical and energy importance for our country, therefore it must remain in the possession fo the Greek state, and specifically of the Hellenic Republic Asset Development Fund, which has the ability to develop the port and fully exploit its potential.”
Mitsotakis’ statement confirmed a same-day report in the Athens daily “Ta Nea”.
“I don’t think I need to say more, because in the current juncture, we do not see the need to sell-off the port of Alexandroupolis to a foreign investor.”
Latest News
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
Piraeus Bank to Propose First Dividend in 16 Years
Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year
Eurostat: Inflation in Greece Eases to 3.2% in April; 2.4% in Eurozone
The rate of increase for food prices was up by 4.9% in April 2024, compared to 4.8% in the previous month
ELSTAT Feb. Retail Turnover Drops by 3.8%, Sales Volume Plummets by 9.8%
Additionally, the seasonally adjusted General Volume Index for Feb. 2024 experienced a 3.8% decrease compared to the previous month of the same year
Greek Buyers Lead Return to Vacation Home Market
In the last six months, Greeks have made a surge into the vacation home market, notably without relying on loans
NBG Receives BBB Investment Grade by DBRS
This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis
Greek Gov. Budget: Primary Surplus 3bln in Q1 2024
Value Added Tax (VAT) revenues reached 5.876 billion euros, down by 16 million euros compared to the target
Athens’ Public Transport System Gets Green “Facelift”
The future of urban transport in Greece's capital city includes electrification, hydrogen, kinetic energy and even heighted security and monitoring through the use of drones
Athens Int’l Airport: 16.2% EBITDA Increase and 16.5% Passenger Growth in Q1 2024
Following the strong performance in the first quarter, the company revised its annual passenger traffic forecast for 2024 to 29.9 million passengers, a 6.3% increase (or roughly 1.8 million passengers) from 2023 levels.