Greece
Calamos Supports GreeceCalamos Supports Greece

Piraeus Port Authority (OLP)

Will China Attain Getaway To Europe with Greek Port?

In a move that was highly anticipated, China’s Cosco Group has just made a bid for a majority share in Piraeus Port Authority (OLP), according to the Greek privatization agency. What is rather surprising is that there were no...

Cosco Reportedly the Sole Bidder For Piraeus Port Authority Stake

The race for a controlling a stake in the Piraeus Port Authority (OLP) may not be that much of race after all. Cosco Pacific is the only country to have made an offer for 51% of OLP on Monday, Kathimerini newspaper reported. The company already...

Greece Drafts New Bill for the Sale of Piraeus Port‏

A draft law envisaging a new concession contract between the Greek state and the Piraeus Port Authority (OLP) -still pending- will pave the way for the submission of binding offers in a tender to buy 51% in Piraeus' port by...

Samaras: The Greek Govt Signed the Continuation of the Bailout Program on February 20

Greek main opposition leader Antonis Samaras said on Monday that his party will support the government but will not adopt any measures presented. Speaking in parliament, the New Democracy leader criticised Greek Prime Minister Alexis Tsipras for not properly briefing...

Amicable Settlement with Cosco not Affected by EC Decision, Piraeus Port Authority Says

A European Commission decision issued on Monday that orders Greece to recover incompatible state aid from Piraeus Container Terminal (PCT) does not apply to any part of the Concession Agreement's recent expansion through amicable settlement to the Western...

Greek Foreign Minister and Chinese Ambassador Discuss Athens-Beijing Cooperation

The "open" issue of Piraeus Port Authority's privatization as well as the wider Chinese interest to strengthen cooperation with Greece was mainly tabled during yesterday's 50-minute-long meeting between Greek Foreign Minister Nikos Kotzias and Chinese Ambassador in Athens Xiaoli Zou. The...

Chinese Cosco Breaking Records at Piraeus Port

Official data released by Cosco Pacific show the reason behind the Chinese company’s decision to invest in the Piraeus port. According to the data, over the last 11 months, from January to November, 2014, 2.73 million containers were handled at...

Greece Clears Way for '21st Century Maritime Silk Road'

The heads of state and government of 16 Central and Eastern European countries, as well as Chinese Premier Li Keqiang, are on their way to Belgrade for the summit meeting that takes place on Tuesday and Wednesday regarding the expansion...

Athens Stock Exchange Recording Losses of 7.35% During Third Consecutive Day of Fall

New dramatic free fall recorded the Athens Stock Exchange (ASE), which sank to a new year low, amid the worsening climate in the markets due to political uncertainty, while the Greek 10-year bond recorded a worrying increase over 9%. The...

Piraeus Port Authority and Cosco Sign New 230-Million-Euro Agreement

Piraeus Port Authority (OLP) and Piraeus Container Terminal (PCT), part of Chinese company Cosco Pacific Limited, signed today a new revised agreement which envisages a 230-million-euro investment plan in the Greek port. The plan was already approved by the Piraeus port...