BUSINESS

OLTH sale will bolster GDP, says IOBE study

TAGS: Privatizations, Economy

The privatization of the Thessaloniki Port Authority (OLTH) may add up to 1.6 billion euros to Greece’s gross domestic product in the coming decade, according to an IOBE study.

The Foundation for Economic and Industrial Research also found that an increase in OLTH’s activity could benefit those of interconnected sectors such as land transport and services that are supportive to forwarding (such as cargo storage and ship refueling).

Under certain conditions, the operation of the privatized port could increase those sectors’ output by up to 368 million euros in net present value over the next 10 years.

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