Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o 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)  
Greece seeks EU allies but Germany holds firm
Merkel rejects debt writedown for Greece
US to work closely with Greece and EU to resolve differences, says White House
Judges report on Golden Dawn case expected next week
No lending to Greek banks if no deal by end of February: ECBs Liikanen
A deal on extending Greece's bailout deal must be found by the end of February or the European Central Bank will not be able to continue lending to its banks, ECB council member Erkki Liikan...
Greek markets plunge as SYRIZA digs in on challenge to austerity
Greeces government bonds and stock market plunged in the week after the election of Syriza, the political party whose vow to renegotiate debt obligations and roll back austerity measures ha...
Inside Business
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldnt buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
INTERVIEW
SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
SYRIZA must realize that it is now the Greek government, not a party running an election campaign, European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. No lending to Greek banks if no deal by end of February: ECBs Liikanen
2. Greece seeks EU allies but Germany holds firm
3. Greek markets plunge as SYRIZA digs in on challenge to austerity
4. Greek bank debt plummets as investors head for the exit
5. Merkel rejects debt writedown for Greece
6. US to work closely with Greece and EU to resolve differences, says White House
more news
Today
This Week
1. US to work closely with Greece and EU to resolve differences, says White House
2. Greek bank debt plummets as investors head for the exit
3. Merkel rejects debt writedown for Greece
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. Greece seeks EU allies but Germany holds firm
6. SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. SYRIZA's win will test institutions
5. Greek Elections 2015: The day after | LIVE
6. EU must accept that Greek debt relief is inevitable
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.