ECONOMY

Elliniko development to create tens of thousands of jobs

Over 70,000 jobs will be created in the long term through the planned development of the former airport at Elliniko, southern Athens, an updated report by the Foundation for Economic and Industrial Research (IOBE) showed on Wednesday.

The report highlights that the project is set to utilize a vast area that is today in a state of neglect while strengthening demand for labor and boosting the country’s gross domestic product and tourism, rendering Elliniko a global destination.

The study argues that in the 2016-31 period the project will help the Greek GDP to grow by 1.5 percent more than it would without the development.