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Piraeus Chosen As Distribution Center By Hewlett-Packard

The Development Ministry recently announced a provisional agreement between American IT firm Hewlett-Packard (HP), Chinese shipping giant Cosco and Greek state railway Trainose for the use of Dock II in Piraeus Port.

China Looks into Piraeus Port Deal Freeze

The Chinese foreign ministry has said it is looking into the intentions of the newly-elected Greek government following its decision to halt the privatization of the country’s biggest port, which it said must return to state control as part of plans to reconstruct the country's...

Piraeus Port Privatization to Progress

Plans to move ahead with the privatization of Piraeus port are expected to top the agenda in Brussels today, when Greek Finance Minister Yanis Varoufakis meets his eurozone counterparts.

Greece Privatization Projects Move Ahead as Scheduled

The privatization of regional airports as well as of the Piraeus port will move ahead as scheduled, the Greek finance ministry said in a document it sent to the Eurogroup on Monday.

Piraeus Port Sell-off to Move Ahead as Scheduled

Privatization of Piraeus port will proceed as scheduled with the finalization of the sale to be completed within weeks.

Piraeus Port Sale Takes Off… Again in May

Procedures for the sale of a 51 percent stake in the Piraeus Port Authority (OLP) are scheduled to move ahead in May, the country’s privatization fund, TAIPED (Hellenic Republic Asset and Development Fund) said.

OLP Head Resigns at Odds Over Majority Stake Sale of Piraeus Port

Piraeus Port Authority (OLP) Chairman and Chief Executive Yiorgos Anomeritis resigned from his post on Wednesday, citing among other things his disagreement over the privatization of the port.

Piraeus Port Sale Set for Sept., Authorities Eye Creation of Parallel Administrator

Procedures for the sale of a 51 percent stake in the Piraeus Port Authority (OLP) are set to come to a close in September, with the relevant authorities examining setting up a parallel port body which will exercise control over the new buyer, Greek media report.

Piraeus Power Port: Among World’s Best

The Port of Piraeus is among the world’s 40 leading container ports, according to Lloyds List annual report released on Monday.

Greek Assets Fund to Open Bids for Piraeus Port Authority

Bids for the majority stake in the Piraeus Port Authority (OLP) were set to be opened on Tuesday, the Greek privatization fund TAIPED announced.

Come and Get It: Greek Hotels, Sites, Islands Up for Grabs, ‘Guardian’ Reveals

“It could be a shopping list for the scenery in a movie - rather than a list of possessions that Athens is under immense pressure to offload,” the Guardian says, referring to an asset portfolio of some 71,000 properties now under the newly established Hellenic Holdings and...

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.

Greece-China Shake Hands on Culture, Science, Exports & Tourism

With the sale of a majority stake in the Port of Piraeus to Chinese shipping giant Cosco at the center of talks, Greek Prime Minister Alexis Tsipras sealed on Monday a number of deals with Chinese officials during his five-day visit this week to Beijing and Shanghai, aiming to...

Cosco to Dish Out Extra €500m for Piraeus Investment

Chinese shipping giant Cosco will dish out some 500 million euros over and above the paying price for the port of Piraeus, its managing director, Xu Lirong, said this week during talks with Greek Prime Minister Alexis Tsipras, who is in China on an official five-day visit to...

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.

Alexandroupolis Port Authority Flirting with Chinese Investors

Port authorities in Alexandroupolis, northeastern Greece, are exploring a potential collaboration with Chinese investors Sinoftone Group and Navision after signing a memorandum of cooperation.

Insider Says Greece Cruise Traffic to Shrink Next Year

Cruise traffic in Greece is expected to decline by 30 percent in 2017 resulting in fewer tourists and dwindling tourism revenues, according to Andreas Stylianopoulos, responsible for cruise travel at the Greek Tourism Confederation (SETE).

South Aegean Governor, Cosco Discuss Ways to ‘Save’ Cruise Tourism

In view of forecasts for a 30 percent drop in cruise tourism to Greece in 2017, South Aegean Governor George Hatzimarkos recently met with Cosco management at the Piraeus Port Authority, to discuss ways to address the issue.

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.

Piraeus Port Investments, Upgrades to Focus on Cruise Travel

Boosting investments and upgrading port infrastructure to facilitate incoming cruise tourism topped the agenda of talks between the Piraeus Port Authority and the municipality recently.
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