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Greece

China’s COSCO Plans to Make Piraeus the Largest Port in Europe

China's Cosco Group shipping giant plans to invest around $1 billion in Greece’s Port of Piraeus to help turn the ancient harbor into a main entry point for Chinese exports to Europe. The new investment comes on the heels of...

Greek PM Vows to Make Piraeus Largest Port in Europe in Visit to Cosco HQ (video)

Greek Prime Minister Kyriakos Mitsotakis visited the headquarters of the Chinese shipping giant Cosco in Shanghai on Monday, where he declared that their common goal "is to make Piraeus Port the largest port in Europe." Mitsotakis, who was accompanied by...

Cosco's Piraeus Investment Plan to Be Resubmitted for Approval

China’s Cosco shipping consortium is expected in the coming days to re-submit its multi-million-euro investment plan for Piraeus to the country's Committee of Planning and Development of Ports. The submission will include the company's comments on the previous report issued by...

Greece Approves Chinese Conglomerate Cosco's Plan for Luxury Hotels in Piraeus

The Greek government gave the green light on Thursday to the Chinese conglomerate Cosco to convert three buildings at the Piraeus port into luxury hotels. The Greek Culture Ministry's Central Council for Modern Monuments unanimously approved the Piraeus Port Authority's...

Greek Archaeological Council Derails Cosco’s Investment Plan for Piraeus

Greece's Central Archaeological Council (KAS) derailed the multi-million euro investment program of China’s Cosco Shipping consortium on Tuesday, ruling that some proposed projects at the port of Piraeus would affect archaeological sites. In a marathon discussion lasting until midnight, KAS, in a...

Cosco's Investment Plan for Piraeus Under Threat

The Piraeus Port Authority (PPA) will make a last-ditch attempt on March 10 to convince the Greek government to unblock the 580-million-euro ($650 million-dollar) investment program by China's Cosco Shipping consortium. A government commission had nixed the Port Authority management's investment...

China's Cosco Reports US$13.6m Profit from Greece's Piraeus Terminal

Chinese giant Cosco reported profits for the first half of 2018 in excess of US$13 million from Greece's Piraeus Terminal, where the group has a controlling stake. Due to the appreciation of the euro, profit recorded by Piraeus Terminal from...

Cosco and SIPG to Sign Key Agreement in Piraeus

China Cosco Shipping Corporation Limited chairman Xu Lirong is about to arrive in Athens to sign two memorandums of cooperation, both of which are of high symbolic importance to Beijing, according to daily Kathimerini newspaper. Xu will be joined...

Thessaloniki Cancer Hospital Wins First Prize in International Thoracoscopic Surgery Competition in Cincinnati

The Thoracic Surgery-Oncological Clinic at Thessaloniki's Theagenio Anti-Cancer Hospital has won first prize for the best presentation of a thoracoscopic surgery at an international competition held in Cincinnati, Ohio in the United States. The presentation was carried out by...

New COSCO Deal Creates 'Piraeus Free Zone' With VAT-Free Spare Parts for Shipowners

A new program offering Greek shipowners VAT-free spare parts is in the makings as the Chinese Shipping company COSCO has struck a deal with a Copenhagen-based logistics and transport provider creating what is called the Piraeus Free Zone. COSCO, the...

Cosco Announces Short and Long-Term Plans to Expand Port of Piraeus and Boost Tourism

On Monday the chairman of China's Cosco, Xu Lirong, made announcements that came as a welcome gesture to the tourism sector, according to Reuters. It was announced that there are plans that will be implemented both short-term and long-term, to extend...

Cosco Plans More Investments in Piraeus as It Gets Port Control

"We will continue the investments in Piraeus port" said Cosco's general director Wan Min on Wednesday at the opening of Athens Stock Exchange (ASE) session on the occasion of the transfer of 51 percent of Piraeus Port Authority (OLP)...

Cosco Sends Containers to Slovenia Due to Greek Railway Strike

Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes. Since the tariffs for small feeder ships are currently at very low levels, the...

Cosco to Invest Additional €500 Mln in Greece's Piraeus Port

Chinese giant Cosco is to invest an additional 500 million euros on developing Piraeus Port, as it was revealed during Prime Minister Alexis Tsipras' visit to China. The Greek prime minister visited Cosco headquarters in Shangai on Tuesday where he...

Tsipras Points to COSCO Deal As a New Phase for Greece

Greek Prime Minister Alexis Tsipras signed a deal with Chinese shipping giant COSCO on Monday in an effort to "help the country stand on its feet." Addressing a business forum in Beijing, Tsipras said that "we are sending a...