Public vs Private, score 2. This score refers to the Public and Private Warehouses in Greece. It is true that Greek businessmen who have invested –for the past 15 years– in warehousing and Commercial centers, have roundly defeated, the government! The year 1993 was decisive. That is when the trading borders fell between the member states of the European Union, at the same time abolishing the government monopoly. The owners of the warehousing monopoly in Greece were for decades, The Piraeus Port Authority (P.P.A.) and P.A.E.G.A.E. These two public Greek Services had the exclusive advantage of warehousing all freight which was being either exported or imported. The absence of any alternative option for importers and exporters allowed these two Public companies to arbitrarily set their fees and naturally, they were indifferent as to the quality of the services they provided.

Suddenly everything was turned upside down! Numb at first in the year 1993, but gradually picking up speed over the next few years, Greek businessmen now had the ability to choose between the old system and the new system of free-market warehousing. As expected, the commercial and industrial sectors of Greece ‘turned their back’ on the two government run warehouses and turned to the private businessmen in the Logistics sector, at the core of which is warehousing. Now the P.A.E.G.A.E. which belonged to the National Bank has ceased to exist while the warehouses at the P.P.A. have either been turned into offices or exist to service what is now limited freight which is being shipped to/from countries outside of the European Union.