Cosco

China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transshipment hub.

The Chinese shipping and port group Cosco is the only bidder in the tender for the acquisition of a 67% stake in Piraeus Port (OLP), as Hellenic Republic Asset Development Fund (HRADF) revealed on Tuesday, after it unsealed the financial offers.

By Sharon R Smyth, Nikos Chrysoloras and Paul Tugwell

Greece will proceed with the sale of stakes in strategic assets such as the port of Piraeus and 14 regional airports this year, according to Greek officials with direct knowledge of the matter.

Greek Foreign Minister Nikos Kotzias and his Chinese counterpart Wang Yi discussed deepening the two countries? economic ties when they met in Beijing on Wednesday.

Foreign Minister Nikos Kotzias discussed the deepening of Greece?s economic ties with China when he met his Chinese counterpart Wang Yi in Beijing on Wednesday.

By Nikos Roussanoglou

Piraeus Container Terminal (PCT) was responsible for a major part of parent company Cosco?s earnings in 2014, the Chinese company confirmed while announcing its financial results at the Hong Kong Stock Exchange on Tuesday.

By Ilias Bellos

Finance Minister Yanis Varoufakis on Friday visited the installations of Piraeus Container Terminal (PCT), the local subsidiary of Cosco, with Chinese Ambassador Zou Xiaoli, in another effort by Athens to appease Beijing following Prime Minister Alexis Tsipras?s visit to the Chinese fleet?s flagship that had arrived in Greece?s main port.

Chinese Premier Li Keqiang (photo) has asked his Greek counterpart to support Chinas involvement in Greeces largest port, Beijing said Thursday, after Athens cancelled plans to privatise it.

By Nikos Roussanoglou

The Finance Ministry attempted to backtrack on the issue of the privatization of Piraeus Port Authority (OLP) on Tuesday, releasing a statement to revise what senior ministry officials had said a day earlier.

BELGRADE - Serbia will modernise the section to the Hungarian border on the Belgrade-Budapest railway regardless of the intention of the Greek government to renounce the privatisation of the port of Piraeus, Serbian Minister of Construction, Transport and Infrastructure Zorana Mihajlovic said on Friday.