Modern Era
On 20 June 1978, the city was hit by a powerful earthquake, registering a moment magnitude of 6.5. The tremor caused considerable damage to several buildings and even to some of the city's Byzantine monuments; forty people were crushed to death when an entire apartment block collapsed in the central Hippodromio district. Nonetheless, the large city recovered with considerable speed from the effects of the disaster. Early Christian and Byzantine monuments of Thessaloniki were inscribed on the UNESCO World Heritage list in 1988 and Thessaloniki later became European City of Culture in 1997.
Thessaloniki today has come to become one of the most important trade and business hubs in the Balkans with its port, the Port of Thessaloniki being one of the largest in the Aegean, and fascilitating trade throughout the Balkan hinterland. The city also forms one of the largest student centres in Southeastern Europe and is host to the largest student population in Greece. The city sustains two state universities — the Aristotle University of Thessaloniki, the largest university in Greece (founded in 1926), and the University of Macedonia, alongside the Technological Education Institute of Thessaloniki. It also sponsors a range of private international institutions, either affiliated with universities in other nations, or accredited abroad.
In June 2003, the city was host to the Summit meeting of European leaders, at the end of the Greek Presidency of the EU, with the summit taking place at the Porto Carras resort in Chalkidiki, to aid security precautions. In 2004 the city hosted a number of the football events forming part of the 2004 Summer Olympic Games and experienced a massive modernisation program. Thessaloniki unsuccessfully bid for the 2008 World EXPO, this time won by Zaragoza in Spain, but another planned bid for 2017 was announced in September 2006 and is now in full development.
Read more about this topic: History Of Thessaloniki
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