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China\u2019s COSCO Shipping investment at Greece\u2019s largest port is a win-win project, which has transformed Piraeus into a successful port, Greek Prime Minister Kyriakos Mitsotakis said at the opening of an economic forum here on Monday.<\/p>\n
\u201cIt has been a good deal for COSCO, it has been a good deal for Greece\u2026 Piraeus has been transformed into a very successful port. We have made it very clear. We want to make it the largest port in the Mediterranean,\u201d he said during a round table discussion, referring to Sino-Greek collaboration at Piraeus in the past decade.<\/p>\n
COSCO Shipping acquired the majority of Piraeus Port Authority S.A. (PPA) shares in 2016 after an international tender, while the Chinese company\u2019s subsidiary, Piraeus Container Terminal S.A. (PCT), has managed the port\u2019s container terminal since 2009.<\/p>\n
The image of Piraeus has improved with impressive results posted in recent years, as work for the port\u2019s upgrade and expansion continues.<\/p>\n
\u201cIt is a natural entry point for goods into the eastern and central Mediterranean. We want to turn Greece into a logistics hub,\u201d the Greek leader added.<\/p>\n
Mitsotakis also voiced confidence in the economic outlook for Greece, saying through such win-win investments, the Greek economy will experience a strong rebound once the pandemic recedes.<\/p>\n
\u201cIn the post-COVID world, there will be winners and losers. I am convinced about that. I am pretty sure Greece is going to be on the side of the winners,\u201d he said.<\/p>\n
The prime minister believes that Greek recovery will be very robust. \u201cIn Greece, savings go up, so I think people will be looking to spend once the pandemic is over and businesses will be looking to invest,\u201d he explained.<\/p>\n
Foreign investors are seizing opportunities during the pandemic, he said, noting that the interest goes beyond the tourism sector, which is traditionally one of the strong pillars of the Greek economy, to high-tech products and services, green economy, agriculture, etc.<\/p>\n
The Greek leader participated in the fifth EU-Arab World Summit, which is hosted online this year due to the pandemic, along with other European and Arab leaders. The attendees called for enhanced cooperation between the Arab world and the European Union (EU), as well as on an international level, to address the common challenges that lie ahead.<\/p>\n
Source:Xinhua<\/p>\n","protected":false},"excerpt":{"rendered":"
China\u2019s COSCO Shipping investment at Greece\u2019s largest port is a win-win project, which has transformed […]<\/p>\n","protected":false},"author":23,"featured_media":187784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[297],"tags":[],"class_list":["post-187786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-english"],"yoast_head":"\n