Since Cosco bought into Piraeus, the Chinese state-owned company's ships have brought more and more goods to the port, and it has now become one of the most important transshipment hubs in the Mediterranean. This isn't a problem for other Greek ports, as they don't compete with Piraeus. It has, however, … See more In Piraeus, majority shares in the port were sold to Cosco: its initial 51% was later increased to 67%. The Chinese shipping company can therefore decide the future of the port. … See more According to the professor from Piraeus, clear rules are needed. Certain conditions must be included in the concession contracts to prevent national security, and that of the EU, being jeopardized. The guidelines for … See more At the start of this century, Europe only had one magic remedy for solving economic problems: privatizing infrastructure. Everything was for sale: ports, airports, water and energy supplies. This was also true in … See more WebOct 5, 2024 · Greece is a case in point: After China invested in and acquired much of the port of Piraeus, Greece blocked an EU statement criticizing China's human rights record at the UN. A Greek foreign ...
Greece is not abandoning China even though others are ... - CNBC
WebJan 21, 2016 · The Greek Port of Piraeus is the first stop in Europe for numerous passengers and Greece boasts the world’s largest merchant fleet, carrying 60 percent of Chinese exports worldwide. Since 2000,... highway glassline for windscreen repair
After Piraeus Port, China
WebOct 10, 2024 · Joanna Kakissis. European Union leaders want to put the brakes on Chinese investment in European harbors, after China snapped up stakes in several ports from Greece to Belgium in the last decade ... WebApr 20, 2024 · 20 April 2024 AFP China now has a majority stake in the Greek port of Piraeus By Reality Check team BBC News The European Union has introduced a new mechanism for screening foreign investment.... WebJun 14, 2024 · The port is at a strategic location between the Asian and European continents. But China has made a number of different major investments in Greece, … highway glass beads