Agreement Between Chinese Bank and Greek Power Corp. to be Signed in Thessaloniki

A cooperation agreement between the China Development Bank (CDB) and the Greek Public Power Corporation (PPC) to be signed in Thessaloniki this week highlights the investing ties between the two countries in the Greek recession era.

The CDB / PPC agreement will be signed in Thessaloniki on September 9, within the framework of the 82nd Thessaloniki International Fair and will be a feature of the fair, at which China is the honoured country.

The nine-day event will focus on the promotion of Greece as an energy hub for the Balkans and Europe.

“PPC aspires to have a leading role not only in the reconstruction of the energy sector, but also in its development and modernisation prospects,” the PPC said.

Chinese companies have been investing heavily in Greece in recent months and this has raised concerns among Greece’s neighbours and the wider European Union.