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Investment Key to Greece-Italy Ties, FS-Trainose Deal Paves the Way

Βoosting investments and strengthening ties are key to improving the region's economic climate, Italian PM Paolo Gentiloni said before the Trainose deal was finalized.

Greece’s Alpha Bank Sees Trend for Growth in 2017

The Greek economy is on a gradual path to recovery as economic indicators demonstrate an overall trend for growth, according to Alpha Bank.

Italy’s FS Takes Over Trainose Railway Officially on Sept. 14

The deal between Greek train operator Trainose and Italian railway group Ferrovie dello Stato (FS) Italiane will be finalized on September 14 on Corfu.

July Container Traffic from Piraeus Down by 4.4%

Outbound container traffic from Piraeus dropped by 4.4 percent in July but reported positive performance in the first seven months of the year, up by 2.5 percent.

Shanghai – Piraeus Ports Join Forces to Boost Container Traffic

The Piraeus Port Authority and Shanghai International Port Group (SIPG) signed a memorandum of cooperation in efforts to increase business opportunities.

Airports, Ports and Logistics Top Athens Transport, Infrastructure Meet Agenda

Ways to tap into the expansion of combined transport and upgraded infrastructure were explored during the 1st conference on "Infrastructure and Transport in Greece: Prospects for Development” held in Athens.

Greek PM Visit to China Set to Pave Way for Investments

Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with Chinese officials to attract investment to Greece, during his visit to Beijing in May.

Greek Islet Fleves Up for Grabs, Two Expressions of Interest

Two investors - an Abu Dhabi-based entity and a Greek group - have expressed interest in the island of Fleves in the Saronic Gulf, off Vouliagmeni Bay.

Fraport Steps in as Manager at 14 Greek Airports

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.

FS Italiane Now Owns Greek Railway Operator Trainose

Greek train operator Trainose was recently sold to Italian state railway group Ferrovie dello Stato (FS) Italiane for a sum of 45 million euros.
Posted On 19 Jan 2017

Piraeus Port Big Bet for Cosco, Set to Invest €140m in 2017

Hong Kong-based shipping giant Cosco has slated 140 million euros for works to be completed in 2017 in efforts to make the port of Piraeus a major cruise and transhipment hub for travel and trade between Asia and Eastern Europe.
Posted On 02 Nov 2016

Piraeus Among World’s Top 30 Container Ports by 2018, Cosco Says

Chinese shipping giant Cosco has big plans for Piraeus aiming after its expansion to boost container volume by 35 percent by 2018.

Media Talk Says India Entity Eyeing Kasteli Airport

India-based GMR Infrastructure Ltd may be submitting a bid for the Kasteli airport, to be constructed on the island of Crete, according to the latest media reports.
Posted On 26 Aug 2016

Stournaras: Tourism, Reforms, Key to Bringing Greece Out of the Tunnel

Tourism, reforms and privatizations are key to bringing Greece back into the game, Greek Central Bank Governor Yannis Stournaras said last week, expressing his optimism that faith is being restored in the Greek economy.

Cosco-OLP Deal Ratified Amid Blame-Game Over Changing Terms

The 300-member Greek parliament ratified by a 223-vote the sale of the Piraeus Port Authority (OLP) to Chinese shipping giant Cosco a day after the Hong-Kong based conglomerate said in letter that the terms for the deal submitted to parliament had been altered.
Posted On 01 Jul 2016

Piraeus Port on Track to Become World’s Largest

The port of Piraeus is now on track to become one of the leading maritime hubs in the world, the head of the Hellenic Chinese Chamber (HCC) said following the award of a 67 percent stake in the listed entity last week to Chinese shipping giant Cosco.
Posted On 25 Jan 2016

Minister Says NSRF Funds Won’t Be Lost, Airports Deal in March

Economy, Infrastructure, Shipping and Tourism Minister Giorgos Stathakis reassured reporters on Wednesday, that capital controls will soon be lifted, liquidity is improving and the privatization of 14 airports will most likely be completed in March.

Greece in Talks with Chinese for Kasteli Airport Project

Kasteli airport, to be constructed on the island of Crete, will be on the agenda of talks in the coming days between Economy Minister Giorgos Stathakis and a delegation from China’s State Construction Engineering Corporation (CSCEC).
Posted On 06 Apr 2015