NEWS

House session on Cosco deal delayed

TAGS: Economy, Politics, Business

Tensions rose in Parliament on Thursday leading to the suspension of a debate on the ratification of a deal signed between the Greek government and China’s Cosco Shipping for the sale of a majority stake in Piraeus Port, OLP.

On Wednesday, Cosco accused the Greek government of overturning fundamental parts of the 368.5-million-euro deal signed in April.

Addressing Parliament on Thursday, Shipping Minister Thodoris Dritsas (photo) said the administration was examining legal improvements to the legislation which would be presented to the House later on Thursday.

Parliament was expected to ratify the agreement on Thursday, prior to an official visit to China by Greek premier Alexis Tsipras.

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