Tuesday Jul 29, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece ideal for Chinese exports

 Ambassador to Athens invites his compatriots to scan the local market for investment opportunities

China’s ambassador to Athens, Zou Xiaoli, invited the Chinese corporate community to invest in Greece when he addressed the 3rd Greek-Chinese Business Conference in Athens on Monday, highlighting the significance of the Mediterranean country’s geographical location for the distribution of Chinese products to the European market.

Xiaoli called on his compatriots to visit Greece and investigate emerging investment opportunities, adding that the financial situation has improved and the climate is much more favorable.

Since the entry of the Cosco group in the port of Piraeus in 2009, China has been investing regularly in Greece and has evolved into one of the country’s most important economic partners during the crisis.

The conference ended with the signing of a cooperation agreement for the promotion and strengthening of Greek-Chinese investment and trade relations.

According to data presented at the conference by the vice-president of the Foundation for Economic and Industrial Research (IOBE), Panayiotis Athanasopoulos, in the last three years Greek exports to China have been posting an annual growth rate of 40 percent to exceed 420 million euros in 2013, while Chinese imports to Greece have grown above 2.2 billion euros on a yearly basis.

The number of Chinese tourists in Greece has risen by 202 percent from 2008 to 2013, added Athanasopoulos, thanks to the introduction of a direct flight between Beijing and Athens in 2011, though their number remained at relatively low levels, just 28,300.

Cosco, meanwhile, is officially among the six groups bidding for a 67 percent stake in Piraeus Port Authority after the completion of the tender’s first stage on Monday.

The other five groups are Maersk Group subsidiary APM Terminals BV, Cartesian Capital Group LLC, International Container Terminal Services Inc, Ports America Group Holdings and Utilico Emerging Markets Limited. Cosco is the strong favorite to win the tender given it already controls about two thirds of Piraeus’s activity.

ekathimerini.com , Monday April 28, 2014 (22:49)  
Great margin for growth in exports
Parliament’s Budget Office says third bailout may be needed
Ryanair ‘not particularly interested’ in Cyprus Air
August 2 expected to be Greek tourism’s D-day
Ministry appeals to keep limit on prescriptions
Faced with the prospect that its attempts to rein in spending on medicines will be scuppered, the Health Ministry appealed on Monday against a Council of State ruling to temporarily suspend ...
Universities aghast at new schools opening
University officials have decried the government’s decision to open two new departments at the same time that funding for the tertiary institutions continues to be slashed. It emerged that t...
Inside News
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
Inside Sports
COMMENTARY
Weighing all the factors
Certain people in the know continue to believe that snap elections will take place in the fall. Prime Minister Antonis Samaras is obviously aware of this trend, which is why he told Parliame...
EDITORIAL
Clear rules, for everyone
If we want to deal with the economic crisis, we need clear rules. A large number of individuals and businesses have amassed huge debts they cannot service. And some worrying symptoms have al...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ministry appeals to keep limit on prescriptions
2. Great margin for growth in exports
3. Universities aghast at new schools opening
4. Greece to hold next talks with troika in Paris, not Athens
5. Anastasiades sees lack of progress on Cyprus talks
6. Supreme Court deputy prosecutor says ex-finance chief should be tried over ‘Lagarde list’
more news
Today
This Week
1. Defense Minister Avramopoulos to represent Greece at European Commission
2. Tree collapses in village square, killing nine-year-old boy
3. Euro inflation seen testing ECB patience as stimulus takes time
4. Minister mulls fixing food and drink prices at non-private beaches
5. Maziotis moved to Diavata Prison in Thessaloniki
6. Multi-bill containing prior actions ready for Parliament
Today
This Week
1. Climber dies in Mount Olympus fall
2. Unequal after death
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
5. Quadriplegic woman on life support 'dies due to unpaid power bills'
6. Front-line threats
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.