Sunday April 26, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Chinese PM visits investment in major Greek port [Update]

Chinese Prime Minister Li Keqiang (l) delivers a speech as Greek Prime minister Antonis Samaras (r) listens during the inauguration of a train line for containers at the port of Piraeus, outside Athens, where China Ocean Shipping Group Cosco controls two of the three container terminals, Friday.

Chinese Prime Minister Li Keqiang visited Friday Greeces largest port of Piraeus, where his country has made a big investment, as part of a three-day trip focusing on business deals.

Chinas Cosco has a concession to operate two of three container terminals in Piraeus, one of the largest foreign investments in the country and one which Greece hopes will transform the country into a regional transportation hub.

"The port of Piraeus can become Chinas entry gate into Europe," Li said. "The port of Piraeus is like the pearl in the Mediterranean."

Li and his Greek counterpart, Antonis Samaras, inaugurated a rail link that will transport goods from the Cosco terminal to central Europe, with Li describing Piraeus as "one of the most competitive ports in the world."

Eighty 80 percent of Chinas import and export trade with Europe is done by sea, and the use of Piraeus has reduced the average trip via the Suez Canal by between seven and 11 days, Li said, adding that the Cosco project has created thousands of jobs for Greeks.

Speaking later in the day, Greek Prime Minister Antonis Samaras said China had shown interest in further investment in the country, including in international airports in Athens and the southern island of Crete.

Greece, struggling to end a prolonged, deep recession and dependent on international rescue loans since mid-2010, is desperate to attract investment.

The economy has been under the strict supervision of the International Monetary Fund and the European Union, with successive governments making spending cuts, tax hikes and reforms to qualify for the bailout funds.

"Greece is now a reliable and highly attractive investment destination," Samaras said. "Thanks to the sacrifices of the Greek people, and thanks to the support of our friends and partners, Greece today is emerging from the painful crisis of the last five years." [AP]

ekathimerini.com , Friday June 20, 2014 (16:40)  
Greek tax officers turn to small debtors for cash
As European officials hint at plan B, pressure grows on govt to compromise
FM warns against a lose-lose situation [Update]
PM tries to appease mayors, regional governors over cash bill
Construction material costs slide anew
The decline in oil rates has contributed to the further fall in construction material prices and the cost of building new residential properties, according to data released on Friday by the ...
Navios taps German shipping opportunities
The wide margin of difference between the health of Greek and German shipping is clearly illustrated by the deal for the sale of 14 oceangoing vessels by German bank HSH Nordbank AG debtor c...
Inside Business
WATER POLO
Olympiakos wins Euro crown in womens water polo
The womens water polo team of Olympiakos won its first ever LEN Euro League at the Final Four it hosted in Piraeus by beating holder Sabadell from Spain 10-9 in Saturdays final. After defe...
SOCCER
Rival soccer fan clashes leave man stabbed
One man was stabbed and several others slightly injured as rival Thessaloniki club fans clashed late on Friday at an event held by Aris supporters. Reports from Greeces second city stated t...
Inside Sports
COMMENTARY
Five years ago
This week marks five years since Greece officially entered a period of crisis when then Prime Minister George Papandreou announced that the country would seek a bailout from the eurozone and...
EDITORIAL
Slippery slope
The extremely divisive language that is currently being used by parliamentary deputies and coalition ministers is both unacceptable and dangerous. It is high time that the tired, old argumen...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Olympiakos wins Euro crown in womens water polo
2. Greek tax officers turn to small debtors for cash
3. As European officials hint at plan B, pressure grows on govt to compromise
4. FM warns against a lose-lose situation [Update]
5. PM tries to appease mayors, regional governors over cash bill
6. Border checks aim to stop jihadists
more news
Today
This Week
1. Five years ago
2. PM tries to appease mayors, regional governors over cash bill
3. Poll: Large majority of Greeks want compromise with lenders
4. FM warns against a lose-lose situation [Update]
5. Greece not playing a game of chicken on debt
6. Slippery slope
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Europe's collision course with Greece
3. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
4. Leaving the past in the past
5. Denialism
6. The price of compromise
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.