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October 18, 2019
BUSINESS

Piraeus Port Authority presents corporate responsibility report

The financial added value of the Piraeus Port Authority to the country’s Gross National Product (GNP) totaled 0.4 pct in 2018, as the port authority paid 18.3 million euros in taxes and 14.3 million in social contributions, while investments (mandatory or not) amounted to 22,888,827 euros, of which 20,301,000 were in new infrastructures, Stergios Pitsiorlas, alternate Economy and Development Minister said on Monday.

Presenting the Corporate Responsibility Report of the Piraeus Port Authority for 2018, Pitsiorlas said that three years after and despite a rapid development of the port, Piraeus Port’s share price still lagged the selling price.

Pitsiorlas referred to the digital transformation of all company activities and said that training of the workforce must be continuous in order to respond to the needs of the times.

Captain Fu Chengou, CEO of the Piraeus Port Authority, called for the cooperation of all workers in an effort to achieve the company’s goals for raising revenue and reducing spending. He noted that a cooperation was necessary between the company and local communities and stressed that Cosco wants the port of Piraeus to become a bridge between Greece and China.

Piraeus Port Authority SA has created 1,016 direct job positions, another 1,903 indirect job positions, it has invested more than 4.2 million euros on safeguarding health and safety of workers. Another 1,800,000 euros were invested in services to protect the environment and reduce CO2 emissions by 11 pct.

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