page_title: Volos
section_title: Economy
hierarchical_section_title: Volos / Economy
caption_attribution_description: Ελληνικά: Κίτρινη Αποθήκη, καπναποθήκη κτισμένη το 1926.«Κίτρινη Αποθήκη» This is a photo of a monument in Greece identified by the ID GR-E43-02-0012
context_page_description: Volos is a coastal port city in Thessaly situated midway on the Greek mainland, about 330 kilometres north of Athens and 220 kilometres south of Thessaloniki. It is the sixth most populous city of Greece. It is the capital of the Magnesia regional unit of Thessaly Region. Volos is the only outlet to the sea from Thessaly, the country's largest agricultural region. With a population of 144,449, it is an important industrial centre, while its port provides a bridge between Europe and Asia.
  Volos is the newest of the Greek port cities, with a large proportion of modern buildings erected following the catastrophic earthquakes of 1955. It includes the municipal units of Volos, Nea Ionia and Iolkos, as well as smaller suburban communities. The economy of the city is based on manufacturing, trade, services and tourism. Home to the University of Thessaly, the city also offers facilities for conferences, exhibitions and major sporting, cultural and scientific events. Volos participated in the 2004 Olympic Games, and the city has since played host to other athletic events, such as the European Athletic Championships.
context_section_description: Volos is one of the most industrialized provincial cities of Greece, because of its strategic location between the largest population centers of the country (Athens – Thessaloníki) and its port. Industry is intensely specialized in steel production and manufacturing. Three major steel producers (METKA, SIDENOR and Hellenic Steel Industry (Ελληνική Χαλυβουργία))  have production facilities in the industrial areas of Volos and nearby Almyros.
  AGET Heracles, a member of the Lafarge group,  operates one of the largest cement facilities in the world  (with capacity exceeding 7,000,000 tn) with its own private port, next to the city. Volos is also active in the research sector, hosting the Institute of Bio-Economy and Agri-Technology (iBO), one of the five Institutes of the Center for Research and Technology – Hellas (CERTH).
caption: Tobacco warehouse (1926)
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