PM welcomes plan for flagship innovation hub at former industrial site

Prime Minister Kyriakos Mitsotakis welcomed the first step toward the redevelopment of a disused industrial plant near Piraeus to create the first Greek innovation hub during a visit to the site on Wednesday.

The creation of the new hub has the strategic goal of boosting the Greek economy and assisting its transition to a different production model, as well as helping promote Greece as a destination for innovation in southeastern Europe.

It will also help increase employment in highly specialised areas and thus in reversing brain drain, while also encouraging the development of start-ups that can generate high added value.

The site of the former paint maker CHROPEI, covering 17,900 square metres, has been disused since the 19th century plant ceased operating in the 1980s, after nearly a century of production. The plan to reclaim it for current use was drawn up...