Harnessing the opportunities of austerity: a detailed mapping of the Greek transportation sector

  • Iraklis Stamos Centre for Research and Technology Hellas - Hellenic Institute of Transport http://orcid.org/0000-0002-8686-9190
  • Evangelos Mitsakis Centre for Research and Technology Hellas - Hellenic Institute of Transport
  • Theodore Tsekeris Center of Planning and Economic Research
Keywords: Austerity, economic crisis, Greek economy, transportation sector


Since 2009, shortly after the global economic crisis of 2008, Greece has entered into a deep recession phase. The multifaceted presence of austerity is experienced in an increasing number of sectors of the country. The Greek transportation sector is not immune to this state of affairs. The ongoing crisis had a significant impact on its economic (investment, employment, exports-imports turnover) as well as its operational (transportation intensity, throughput, performance) aspects and capabilities. In this paper, a detailed mapping of these impacts is laid out, correlating transport-related characteristics, trends and estimations with the respective economic ones. Specifically, the paper presents analyses of the Greek passenger and freight transportation, following a data-driven approach over several areas. Findings show a substantial decrease of activities overall. Paradoxically, however, austerity can also be said to offer opportunities, such as the development of innovative, cost-effective and outward-looking business schemes, for handling transportation-related issues. In the face of these opportunities, authorities and stakeholders have recently turned their attention to ways of harnessing them as they may arise. The paper conducts a detailed analysis of these efforts to discover prospects for development in the midst of austerity, and highlights the steps currently being taken in that direction.


Download data is not yet available.

Author Biographies

Iraklis Stamos, Centre for Research and Technology Hellas - Hellenic Institute of Transport
Research Associate - Hellenic Institute of Transport
Evangelos Mitsakis, Centre for Research and Technology Hellas - Hellenic Institute of Transport
Associate Researcher - Hellenic Institute of Transport
Theodore Tsekeris, Center of Planning and Economic Research


Anderman L. (2012). Under Chinese, a Greek Port Thrives. The New York Times online. Available at: http://www.teamsters952.org/NEWSPAPER%20ARTICLES/Chinese%20Company%20Sets%20New%20Rhyth.PDF, accessed on 21/07/2014

Association of Greek Tourism Enterprises (SETE) (2014). Available at: http://sete.gr/GR/TOYRISMOS/ Statistika/, accessed on: 21/07/2014

Association of Motor Vehicle Importers Representatives. (2014). Available at: http://www.seaa.gr/en, accessed on: 28/07/2014

Athanassiou E. and Tsouma E. (2013) Recent developments and prospects in the main demand components. Macroeconomic analysis and projections. Greek Economic Outlook, 22, pp. 5-11

Athens Urban Transport Organization (OASA) (2014). Athens’s Urban Transport Organization. Available at: http://www.oasa.gr, accessed on 28/07/2014

Bank of Greece (2014). Trade Balance. Available at: http://www.bankofgreece.gr/Pages/en/Statistics/ externalsector/balance/commercial.aspx, accessed on 18/07/2014

Chalikias J. (2013). Greek Economy, 1950-2012: How did Greece get into the present economic crisis – Investments and exports are the way out. Special topics. Greek Economic Outlook, 22, pp. 44-51.

Chita E. and Zervas E. (2013). The Greek car market in the period of economic crisis. School of Science and Technology. Hellenic Open University. 9th National Chemical Engineering Science Conference, May, Athens, Greece

Cholezas I. (2013). Labor market developments. Human resources and social policies. Greek Economic Outlook,, 22, pp. 28-37

Eurostat (2014). Available at: http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/, accessed on 23/07/2014

Ferreira, S. and Couto, A. (ed.) (2015) Austerity and Sustainable Transportation, Research in Transportation Economics, 51, pp. 1-114.

Gibson H. D., Hall S. G. and Tavlas G. S. (2012). The Greek financial crisis: Growing imbalances and sovereign spreads. Journal of International Money and Finance, 31 (3), pp. 498-516

Gomes, R., de Sousa, J.P. and Dias, T.G. (2015). Sustainable Demand Responsive Transportation systems in a context of austerity: The case of a Portuguese city, Research in Transportation Economics, 51, pp. 94-103.

Gulbahar O. (2011). The Impact of Crises on Turkish Tourism in the Last Decade. 2011 AHTMM Conference Proceedings, June, Istanbul, Turkey

Hellastat (2011). Study for the logistics sector, 2008-2010.

Hellenic Institute of Transportation (ΗΙΤΕ) (2014). Engineers Positions of the HITE on the impact of the crisis in the transport. Available at: http://www.ses.gr/o-syllogos/theseisses.html, accessed on: 23/07/2014

Hellenic Statistical Authority (ELSTAT), 2014, Available at: http://www.statistics.gr/portal/page/portal/ESYE, accessed on: 28/07/2014

HIT Portal (2014). Available at: http://www.hitportal.gr/, accessed on: 21/07/2014

ICAP group. (2013). Third party logistics study, Athens, Greece.

Imerisia Online (2011). Hellastat: The economic recession is affecting transport and logistics. Available at: http://www.imerisia.gr/article.asp?catid=26519&subid=2&pubid=112195172, accessed on: 29/07/2014

Infographics.gr (2011). Greece is second in Europe in underemployment. Available at: http://www.igraphics.gr/infographics/2011/11/14/interactive/ipoapasxolisi-ee27, accessed on 30/07/2014

Masourakis M.E. (2011). Financial Sheet. Alpha Bank, 116, pp. 3-18

Ministry of Development (2014). Available at: http://www.mindev.gov.gr/el/, accessed on: 23/07/2014

Mitsakis, E., Stamos, I., Grau, J. M. S., Chrysochoou, E., Iordanopoulos, P., and Aifadopoulou, G. (2013). Urban Mobility Indicators for Thessaloniki, Journal of Traffic and Logistics Engineering,1 (2), pp. 148-152

Morfoulaki, M., Myrovali, G., and Kotoula, K. (2015). Increasing the attractiveness of public transport by investing in soft ICT based measures: Going from words to actions under an austerity backdrop–Thessaloniki's case, Greece, Research in Transportation Economics, 51, pp. 40-48.

Papaioannou P. and Konstantinidou C. (2011). Restructuring the public transport network in times of financial crisis: Solutions from Thessaloniki. Thessaloniki’s Public Transport Authority.

Rerres K.E., Christidou A., Spinakis A., Panousi S. and Angelopoulou D.X. (2013). Developments in Tourism and Basic figures of Greek hoteliers in 2012. Hellenic Chamber of Hotels, Athens, Greece.

Seign, R., Schüßler, M. and Bogenberger, K. (2015). Enabling sustainable transportation: The model-based determination of business/operating areas of free-floating carsharing systems, Research in Transportation Economics, 51, pp. 104-114.

Schneider F., Kallis G. and Martinez-Alier J. (2010). Crisis or opportunity? Economic degrowth for social equity and ecological sustainability. Introduction to this special issue. Journal of Cleaner Production, 18 (6), pp. 511–518

Trading Economics (2014). Air transport - passengers carried in Greece. Available at: http://www.tradingeconomics.com/greece/air-transport-passengers-carried-wb-data.html, accessed on 18/07/2014

Tsekeris T. (2013). Transport investment through the NSRF and prospects for the period 2014-2020. Development policies and sectors. Greek Economic Outlook,, 22, pp. 52-60

Tsekeris T., Tsekeris C., Koskinas K. and Lavdas M. (2013). Intelligent transport systems and regional digital convergence in Greece. Journal of Transport Literature, 7 (2), pp. 297-318

Tsekeris, T. (2016a) Freight Transport and Development of International Logistics Hubs in Greece, Reports, 75, Centre of Planning and Economic Research, Athens, Greece.

Tsekeris, T. (2016b). Interregional trade network analysis for road freight transport in Greece. Transportation Research Part E: Logistics and Transportation Review, 85, pp. 132-148.

World Bank (2014). Available at: http://data.worldbank.org/, accessed on 23/07/2014

How to Cite
Stamos, I., Mitsakis, E., & Tsekeris, T. (2016). Harnessing the opportunities of austerity: a detailed mapping of the Greek transportation sector. TeMA - Journal of Land Use, Mobility and Environment, 9(3), 269-286. https://doi.org/10.6092/1970-9870/3945