Sunday October 26, 2014 Search
Weather | Athens
17o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Chinese premier vows to invest in Greek railways to improve transport link to Europe

On a visit on Friday to the port of Piraeus, where Chinese shipping giant Cosco controls two cargo terminals, Chinese Premier Li Keqiang expressed Beijing's interest in investing in Greece's railway network in order to accelerate the transport of goods to Europe.

Li stressed the significance of Piraeus for Chinese trade as Cosco is said to be interested in acquiring a 67 percent stake in the Piraeus Port Authority. Piraeus can become "China's gateway to Europe," Li said, noting that the use of the port would reduce by between 7 and 11 days the time it takes to transport Chinese exports to the EU and cut operational costs for Chinese firms.

The Chinese premier added that Beijing is prepared to invest in modernizing and maintaining Greece's railway connections to Europe in order to further increase the efficiency of transporting goods.

He added that China would "encourage" cooperation between Greek and Chinese companies in the ship-building sector.

Li said that Cosco's investment in Greece has created 1,000 jobs.

Samaras, for his part, pointed to "tangible proof of the next generation of investments" for Greece. He noted that Greece is the biggest customer for Chinese shipyards.

ekathimerini.com , Friday June 20, 2014 (11:22)  
Samaras pledges action after flash floods in Athens
No court hearings for civil cases
Greeces lenders seem adamant that govt must act on bailout commitments
Future of Attica trash set to become clearer
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greeces lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greeces lenders seem adamant that govt must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Samaras pledges action after flash floods in Athens
3. Banks need to step up
4. Greeces lenders seem adamant that govt must act on bailout commitments
5. No court hearings for civil cases
6. Nicosia says reforms are bringing results
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greeces closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.