Monday December 22, 2014 Search
Weather | Athens
17o C
10o 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 PM offers compromise solution with elections by end-2015
Environment Ministry to reconsider controversial bill
Corfu to host countrys first hydroplane strip
Political upheaval sharpens after bribe claims with threats and insinuations
Political saga is harming liquidity
Greece is likely to hold snap elections in early February, extending the period of political uncertainty for another month-and-a-half, if not more. This will have economic consequences, perh...
Bad timing for tenders as oil rates decline
The first major opening of the domestic hydrocarbon market happens to have coincided with the unexpected and rapid decline in global oil prices. This has raised concerns in the Energy Minist...
Inside Business
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
INTERVIEW
Crisis of confidence will come back again and again, says Thomas Piketty
Hes treated like a rock star wherever he goes to lecture. His book Capital in the 21st Century, a study on income and wealth inequality from the 18th century to the present, recently tran...
COMMENTARY
Who lost Greece
If Greece collapses much will be said about where the fault lies. Sure, we all know the failings of Greek politicians. That said, much of the blame lies with outsiders who pushed Greece beyo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Special day for Abidal, lucky one for PAOK
2. Political saga is harming liquidity
3. Bad timing for tenders as oil rates decline
4. Tax exemptions deprive state budget of over 3.5 bln euros
5. Teiresias to track letters of guarantee
6. Agenda
more news
Today
This Week
1. Greek PM offers compromise solution with elections by end-2015
2. Who lost Greece
3. Crisis of confidence will come back again and again, says Thomas Piketty
4. Snubbing the moderates
5. Agenda
6. Bad timing for tenders as oil rates decline
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. A friendly yet firm message from Pierre Moscovici
3. Europe's drama in Greece needs final act to avoid tragedy
4. High stakes
5. On the edge but not gutless
6. Girl, aged 11, gives birth on Crete
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.