The Coordination Mechanism specifies the
framework for the governance of Public Enterprises in which the Hellenic
Corporation of Assets and Participations (hereinafter referred to as HCAP) has
holdings under Article 197 par. 6 of Law 4389/2016. The Central Market of
Thessaloniki S.A. (hereinafter referred to as C.M.TH.) is one of the
subsidiaries of the HCAP’s portfolio, and the HCPA holds 100% of its share
This constitutes a document of the Coordination
Mechanism and particularly with regard to the Mission of the C.M.TH. S.A.,
which sets out the main strategic, business and operational directions of the
Company and the central objective, especially in terms of adding public value.
C.M.TH. was established by Royal Decree 869/1966
as a legal person governed by public law. Royal Decree 869/1966 was amended by
Presidential Decree 411/1998 and C.M.TH. became a Société Anonyme under the
name Central Market of Thessaloniki S.A.
According to the C.M.TH.'s Articles of
Association, its business activities includes the administration, management
and, in general, the proper functioning of the C.M.TH. as well as the revenues
generated by the lease and exploitation of all kinds of shops, premises,
areas and services connected with the wholesale trade on the premises of
According to the HCAP's Strategic Plan, the main
operational direction adopted for the service sector is to improve the quality
and accessibility of the services provided with a view to better customer
This improvement should take place within a
framework in which innovation is sought both in terms of processes and services
to traders along with cost rationalisation.
This can be facilitated by the development,
where necessary, of the appropriate technical infrastructure, which will help
in the overall modernization of the Company in order to create favourable terms
and conditions for trading in fruit and vegetables, meat and food in general,
fresh or processed, benefiting both the producer and the consumer.
Specifically, as far as producers/traders are
concerned, the C.M.TH.'s activities might result in economies of scale that
will enhance the quality and visibility of their products not only in Greece
but also in South-Eastern Europe, assisting their export trade activities.
C.M.TH.'s activities should take place within a framework of
support which shall provide for waste management and the proper
management and exploitation of energy resources.
Under the provisions of the Coordination
Mechanism, the C.M.TH.'s Mission may be revised, if necessary.