Piraeus Shipping Center Inaugurated

Prime Minister Costas Simitis inaugurated National Bank of Greece's Shipping Trade Center in the port city of Piraeus, near Athens, and called for more investment and a better attitude from all. Simitis said the center will help promote quality shipping in the country's key sector. He noted that Greek shipping needs Greek officers and seamen, adding that the government will also offer solutions to the country's shipbuilding industry. The prime minister also said that upgraded, reputable shipping companies would find it easier to list on the Athens Stock Exchange, effectively providing them with an alternative source of capital.