Thursday December 18, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
ZTE transit center starts work

 Deal provides for Piraeus to host Chinese firm’s repair and returns center with prospects for assembly line

By Vangelis Mandravelis

Chinese telecommunications giant ZTE’s cargo transit center at Cosco’s installations in Piraeus will start operating on Thursday. The purpose of the center is to cover ZTE’s needs in the emerging markets of Eastern Europe and Russia.

The agreement, signed on Wednesday in the presence of Prime Minister Antonis Samaras, provides initially for the creation of a logistics center which will later also be developed into a light manufacturing plant for the repair of products. ZTE also foresees an assembly line for the company’s telecom products.

The first step in that direction was completed with the signing of the agreement between ZTE Hellas and Cosco in Piraeus which formally makes the Piraeus Container Terminal (PCT) the Chinese company’s logistics center for 13 Southeast European countries, these being Greece, Croatia, Czech Republic, Slovakia, Slovenia, Austria, Hungary, Bulgaria, Romania, Italy, Spain, Portugal and Cyprus.

This forms part of the agreement signed last year in Beijing between ZTE Corporation and the Greek government during Samaras’s official visit to China last May.

“Today’s agreement affirms the company’s confidence in the Greek economy and its commitment to invest in the Greek market,” stated ZTE Corp Vice President Zhou Jianfeng. He described the investment as part of a long-term project that is seen creating an estimated 400 to 600 jobs up to its completion, scheduled for about three years from now.

“The next stages of the investment include the creation of a repair and returns center for the broader region of Southeast Europe and its evolution later into an assembly line,” he added.

Samaras publicly thanked the senior ZTE official for sticking to his pledges made last year, saying that “such investments and business cooperations are the only remedy for unemployment” and adding that “there are no magical solutions.”

For now the bulk of products coming from China to Piraeus will be destined for Hungary, where ZTE has its European distribution center for cell phones.

ekathimerini.com , Wednesday March 19, 2014 (22:58)  
What SYRIZA says about Greece’s economy, its debt and the euro
Unemployment drops to 25.5 pct in Q3
Eurozone bond yields fall as ´patient´ Fed pleases investors
Stores will open on Dec 28, but traders aren’t too happy about it
Snap elections would lead to euro exit, says former premier
Former prime minister and New Democracy honorary president Constantinos Mitsotakis on Thursday issued a statement urging local parties to find some common ground and avoid leading the countr...
Merkel says Russia sanctions to remain unless Putin yields; Greece´s prospects ´better than two years ago´
German Chancellor Angela Merkel said economic sanctions imposed on Russia remain “unavoidable” as long as President Vladimir Putin doesn’t yield on Ukraine. Merkel defended Ukraine’s right t...
Inside News
BASKETBALL
Pappas helps Greens overcome Aris
An impressive Nikos Pappas averted an upset by Aris and ensured Panathinaikos retained its perfect record on Tuesday, one day after Olympiakos thrashed Panionios at Nea Smyrni for the Basket...
´Wee Jay´ and idol Georgios Samaras receive Greek sports journalists´ award at Athens gala
A 10-year-old Irish fan of Greek striker Georgios Samaras was in Athens on Monday at the invitation of the Greek Sports Journalists' Association, which honored outstanding achievements in sp...
Inside Sports
COMMENTARY
Europe´s drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
COMMENTARY
A pointless battle
The public closely watched the first act in the three-part drama of Parliament’s election of a new president yesterday. The result was below the expectations of the New Democracy-PASOK coali...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. What SYRIZA says about Greece’s economy, its debt and the euro
2. Unemployment drops to 25.5 pct in Q3
3. Snap elections would lead to euro exit, says former premier
4. Merkel says Russia sanctions to remain unless Putin yields; Greece´s prospects ´better than two years ago´
5. Kammenos maintains firm position, says general election is ´one-way street´
6. Eurozone bond yields fall as ´patient´ Fed pleases investors
more news
Today
This Week
1. Election looms as Samaras fails to win vote for president
2. Europe's drama in Greece needs final act to avoid tragedy
3. Eurozone bond yields fall as 'patient' Fed pleases investors
4. Kammenos maintains firm position, says general election is 'one-way street'
5. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
6. Unemployment drops to 25.5 pct in Q3
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. East Europe scrambles for energy after Putin kills South Stream
6. Anarchist Nikos Romanos ends hunger strike
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.