China’s Plan for a Canal Trade Route from Greece to Europe
China is considering to build a canal trade route from Greece to Europe through the Balkans in order to expedite the shipping of goods
Port of Piraeus Announces Record Profits for 2021
The Port of Piraeus reported on Monday the highest level of profitability in its history during 2021, with profits after taxes surpassing $40 million (€36.8 million). According to the Piraeus Port Authority (PPA), that profit represents a significant increase of...
Greece Can Act as China’s “Gateway to Europe”
Greece can act as China's gateway to Europe, Foreign Minister Nikos Dendias said on Wednesday after meeting his counterpart from the People's Republic of China, Wang Yi, in Athens. During their meeting, Dendias said, emphasis was placed on the great...
Several Privatized Greek Ports For Sale to Highest Bidder
A bidding war is expected to break out for the ownership of Greek ports that are now up for sale to the highest bidder after being privatized. The ports of Igoumenitsa, Heraklion and Patra, which are all being privatized, are...
China’s Cosco Tightens Grip on Piraeus Port by Raising Stake to 67%
A Greek court gave this week the go-ahead for China's Cosco to increase its stake at the Piraeus Port by 16% and extend its contract by five years for the company to complete the investments it has undertaken to...
China’s COSCO Plans to Make Piraeus the Largest Port in Europe
China's Cosco Group shipping giant plans to invest around $1 billion in Greece’s Port of Piraeus to help turn the ancient harbor into a main entry point for Chinese exports to Europe. The new investment comes on the heels of...
Greek PM Vows to Make Piraeus Largest Port in Europe in Visit to Cosco HQ (video)
Greek Prime Minister Kyriakos Mitsotakis visited the headquarters of the Chinese shipping giant Cosco in Shanghai on Monday, where he declared that their common goal "is to make Piraeus Port the largest port in Europe." Mitsotakis, who was accompanied by...
Kick-Starting Stalled Investments Will Give Much-Needed Boost to Greek Economy
Greece’s financial crisis is still affecting the hopes and dreams of the people that live in the country, as it has been in economic turmoil for most of the last decade. Greece’s GDP shrunk 26% in the span of eight...
Cosco's Piraeus Investment Plan to Be Resubmitted for Approval
China’s Cosco shipping consortium is expected in the coming days to re-submit its multi-million-euro investment plan for Piraeus to the country's Committee of Planning and Development of Ports. The submission will include the company's comments on the previous report issued by...
Greece Approves Chinese Conglomerate Cosco's Plan for Luxury Hotels in Piraeus
The Greek government gave the green light on Thursday to the Chinese conglomerate Cosco to convert three buildings at the Piraeus port into luxury hotels. The Greek Culture Ministry's Central Council for Modern Monuments unanimously approved the Piraeus Port Authority's...