Canceled Thessaloniki Fair Will Cost Local Economy 100 Million Euros

THESSALONIKI — Canceling the annual Thessaloniki International Fair (TIF) because of a resurgence of COVID-19 will cost businesses in and around Greece's second-largest city at least 100 euros ($118.39 million) company owners said.

It's the first time the event – this year's would have been the 85th – was canceled since World War II, depriving Prime Minister Kyriakos Mitsotakis of the traditional place where Greek leaders give their agenda.

Some say the total loss, including secondary benefits, could result in an earnings loss of 150 million euros ($177.59 million,) business owners said, with the fair a big drawing card.

These benefits include the accommodation and dining costs of the exhibitors and many of the visitors – there were 263,737 in 2019 – the cost of building and maintaining the pavilions, earnings from side events such as concerts and the earnings of support services, such as transport and logistics.

Despite no mass crowds of visitors, Mitsotakis will give the traditional keynote speech outlining economic policy priorities for the coming year on the grounds of TIF, in front of a restricted audience.


ATHENS - All standardization prototypes handled by the Hellenic Organization for Standardization (ELOT) billed at 24% VAT, the highest scale of the tax, will be billed at 6% VAT as of June 1, the Greek standards regulator said on Friday.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.