Terkenlis patisserie, on Aristotelous Square, is an institution. Courtesy Carlo Raciti

Where to eat, sleep and shop in Thessaloniki, Greece



Why Thessaloniki?

Thessaloniki is a crossroads between the East and West that was ruled by the Romans and Ottomans, invaded by pirates and was a port city occupying an important position in the Byzantine Empire.

A multicultural hodgepodge, its location on the Aegean Sea ensured the northern Greek city’s standing as one of the Balkans’s most important commercial centres and ports for the past 2,300 years.

Muslims, Jewish refugees expelled from Spain and Greeks driven out of Asia Minor, Eastern Thrace and the Black Sea coast enjoyed a harmonious coexistence over the centuries, and their presence is evident throughout Thessaloniki, in its architecture, monuments, religious centres, art and in its gastronomy.

Today, a 150,000-strong student population spread between three universities and four colleges keeps Greece’s second-largest city feeling youthful and bursting with life.

The country’s financial difficulties are evident in some areas, but investors are starting to pump money into redevelopment.

In recent years, Thessaloniki has unwittingly transformed itself into a cultural and culinary hotspot, making it an attractive city break destination for history buffs, food lovers and adventurous young people.

A comfortable bed

With its dark and broody atmosphere and captivating contemporary art installations, The Met (www.themethotel.gr) stands out as the most interesting luxury five-star hotel in Thessaloniki. Designed by Greek architect Tasos Zeppos with neo-1960s flair, its rooftop Sky Bar offers panoramic views of the city and the port. Doubles start from €120 (Dh541).

The Excelsior (www.excelsiorhotel.gr), a family owned boutique hotel erected in 1924 is centrally located and delivers the warm hospitality for which the people of Thessaloniki are renowned. An eclectic breakfast menu is available, while seats for a long Sunday brunch at street level restaurant Be* are sought after. Room rates start at €120 (Dh541).

Colors Hotel (www.colorshotel.gr), near Aristotelous Square, is one of several new boutique hotels that have opened in the city centre. Rooms cost from €60 (Dh267).

Find your feet

Thessaloniki is mostly a walkable city. Start at Aristotelous Square, where the neoclassical Olympion Theatre and Electra Palace hotel stand tall.

Take a stroll along seafront Nikis Avenue to the White Tower, which has served many purposes, including a prison.

A must-see is Agios Dimitrios church, which features a crypt with early Christian and Byzantine artefacts. Dedicated to the city’s patron saint, it forms part of Thessaloniki’s presence in Unesco’s World Heritage List.

The Arch of Galerius, built in 305 to commemorate Roman emperor Galerius’s defeat of the Persians, is decorated with reliefs representing battle scenes. Nearby is the early fourth century Rotunda, also built during the emperor’s reign, where traces of mosaics depicting angels, martyrs and saints survive intact.

The Roman Forum, one of the city’s most important ancient sites, served as Thessaloniki’s economic, social, political and religious centre.

Ottoman highlights include the former Turkish baths Bey Hamam, the Bezesteni markets that have retained their traditional character, and the Alatza Imaret mosque, which today hosts cultural events.

Contemporary cultural attractions in the city include the Museum of Photography, the Teloglion Fine Arts Foundation and the State Museum of Contemporary Art.

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Meet the locals

When the sun is out, so is all of Thessaloniki. Cafes are abuzz all day and night in this caffeine-centric town.

Families, couples and students stroll up and down the sprawling New Waterfront, designed by the Nikiforidis-Cuomo architectural team, where an imposing statue of Alexander the Great resides.

It’s there you can catch sunset over the Thermaic Gulf through the prism of Greek artist George Zongolopoulos’ Umbrellas sculpture and, on a clear day, views of snow-capped Mount Olympus.

The pace of life, more laid back than Athens, is epitomised in the local phrase “halara”, which means take it easy. Thessalonians are deeply passionate about their city and their football teams but they’re also a cultured lot.

This city worships cinema and, every year, the Thessaloniki International Film Festival and Thessaloniki Documentary Festival attract a devoted fan base from within Greece and from abroad.

Energetic outdoor music and street food festivals are multiplying, with outfits like SoulFood Thessaloniki leading the charge.

In the evening, the city’s youths gathers at the cafes and restaurants on the cobblestone streets of Ladadika, the former oil and spice merchants’ district, and in and around Valaoritou Street.

Book a table

In this city, which many consider Greece’s culinary queen, food is taken very seriously.

Dining out is cheap thanks to limited student budgets; the choice is varied and the quality high.

Meze is king and most traditional eateries, known as mezedopolia and tsipouradika, are concentrated in Ladadika. Menus reveal clear culinary influences from Asia Minor and the Black Sea.

It’s all about sharing dishes at Full Tou Meze (3 Katouni St, www.fullmeze.gr), a deli-style mezedopolio in Ladadika, order flash-fried small fish, oven-baked giant beans and hearty Constantinople cuisine staples such as veal with smoked eggplant purée.

Marea Sea Spirit (13 Lori Margariti, St, mareaseaspirit.gr) delivers exceptional seafood, including sea bass carpaccio with truffle, velvety taramasalata and local blue crab at fair prices.

Shoppers’ paradise

The women of Thessaloniki, known for being fashion forward, traditionally wouldn’t dare leave the house with a hair out of place. They have adopted a more casual approach these days, but you’ll still see them clicking their heels on Tsimiski Street, where most of the city’s clothing and shoe stores are found. Mitropoleos Street is a particularly chic part of town with some of the city’s best boutiques, brandishing Greek and global brands. Hello From Thessaloniki (www.facebook.com/hellofromthessaloniki) stocks fun Thessaloniki-inspired memorabilia, which is crafted by more than 70 Greek designers.

What to avoid

There’s no reason to hire a car and try to navigate the city’s traffic. While the city’s underground metro system is being painstakingly built and testing the patience of locals, the most efficient and cheap way to move about Thessaloniki is on foot, by bus or taxi.

Don’t miss

Thessaloniki Urban Adventures (www.thessalonikiurbanadventures.com) will help you unravel the layers of history through a small group or private walking tour with an expert guide. Enthusiastic students lead tours of hip neighbourhoods you might not otherwise find, and food tours featuring the Kapani street markets, Thessaloniki’s beloved bougatsa (a pie filled with custard, cheese or ground beef) and Pontic delights.

Getting there

As of mid-June FlyDubai will fly direct from Dubai to Thessaloniki, from Dh2,035 return.

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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RIVER%20SPIRIT
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Dunki
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The%20Beekeeper
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Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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The Light of the Moon

Director: Jessica M Thompson

Starring: Stephanie Beatriz, Michael Stahl-David

Three stars

Company%20Profile
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The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”