PM Mitsotakis visits Elefsina Shipyards

Prime Minister Kyriakos Mitsotakis visited the Elefsina Shipyards on Friday afternoon.

The premier's visit followed the parliamentary approval of a legislation for the modernization of the shipyards, which was voted through on Wednesday, government sources pointed out, and they added that Elefsina Shipyards is a critical pillar for Greece's national defence Industry.

Furthermore, the revival of the country's shipbuilding industry, through the restarting, the consolidation and the upgrading of the Elefsina Shipyards will significantly strengthen Greece's economy and its geopolitical position, sources added.

The Elefsina Shipyards Consolidation Agreement, which functions as a sustainable model for restarting the Elefsina Shipyards, includes:

- Direct investment of 170 mln dollars

- Securing all 600 current jobs

- Retroactive payouts & compensations of 41 mln euros to employees

- Creation of 1,400 new jobs within 3 years, reaching a total of 2,000

- Additional revenues of 1.1 bln euros for the Greek state via direct - indirect taxes and insurance contributions over the next 25 years

- Strengthening Greek economy with more than 1.6 bln euros that will be directed to domestic suppliers and the Greek industry

Mitsotakis was accompanied by several ministers.