Development Minister Takis Theodorikakos highlighted the strategic importance of major infrastructure and development projects underway in Thessaloniki, describing the city as a driving force behind a new, industry-led Greece. Speaking on ERT3, he emphasized that Thessaloniki has entered a transformative era — one defined by planning, vision, and measurable results aligned with national goals for 2030.
A New Industrial Paradigm
The minister underscored that this ‘new Greece’ is built on a more productive, competitive, and resilient economy — with industry firmly at its core. He described Thessaloniki not only as Greece’s second-largest city but as a rising regional hub, even suggesting it is poised to become ‘the capital of the Balkans’ thanks to its accelerating modernization.
Key Projects Reshaping the City
Theodorikakos pointed to several landmark initiatives currently reshaping Thessaloniki’s urban and economic landscape: the ongoing expansion of the Metro system; the comprehensive redevelopment of the Thessaloniki International Fair (DETH) site into a metropolitan park; the construction of a new state-of-the-art Pediatric Hospital; and the Flyover project aimed at easing traffic congestion. Collectively, he said, these projects are transforming the city’s image, capabilities, and long-term prospects.
Investment and Jobs in Macedonia
The Ministry of Development is financing 282 investment projects across Macedonia — valued at approximately €1 billion — generating over 5,000 jobs, the majority in industrial sectors. The minister stressed that these initiatives are not theoretical plans but active, tangible developments taking ‘flesh and bone’ on the ground.
Border Regions and Demographic Strategy
Theodorikakos also spotlighted Greece’s special development framework for border regions, underscoring its dual purpose: national security and social sustainability. ‘Our goal is for young Greeks born in border prefectures and rural areas to stay and build their lives there,’ he said. ‘This is both an act of patriotism and a chance to improve living standards.’ For him, tackling demographic decline and ensuring balanced regional development remain top national priorities.
Tackling the Cost of Living
Addressing rising living costs, the minister outlined a two-pronged approach: boosting wages through greater productivity, and lowering prices where feasible. ‘A more productive economy enables better wages,’ he explained, adding that targeted market interventions aim to foster fairer, more affordable conditions — especially for essential goods.
National Price Reduction Initiative
Launching on 31 August, the National Price Reduction Initiative already includes around 1,500 product codes. Starting Monday, supermarkets will feature a significant number of basic food and household items with price cuts of at least 5%. The four-month program is designed to offer concrete relief — particularly to households facing heightened financial pressure. According to Eurostat data cited by Theodorikakos, food prices fell by 2.3% between June and July — a positive sign, though broader affordability remains a focus.