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Troika Tackles Merchant Marine Issues

The privatization of the Piraeus Port Authority OLP and issues pertaining to Greek domestic shipping were discussed at a meeting between merchant marine minister Miltiades Varvitsiotis and Troika representatives.

The Troika was first interested to know about the ministry's intentions concerning the agreement with Chinese shipper COSCO.

Mr. Varvitsiotis noted the government's desire for the immediate privatization of OLP, and added that no matter the solution, either through a friendly agreement with COSCO, or through a sale of the state's majority share, it will necessitate the agreement of the EU.

The minister stated that the intent is to sell OLP within six months.

The next issue was that of coastal shipping and the measures taken so far in the framework of the memorandum, like the abolition of fare reductions, the deployment of fast ferries, and the reduction of staff on ferries plying the Adriatic.

The reduction of hotel staff during off-season months will be looked into at a later date.

The restructuring of the coast guard and the bill on recreational vessels were also examined.