Cosco

Prime Minister Kyriakos Mitsotakis insisted on Monday in China that his government is "determined to facilitate foreign investors" in a message that was seen to not only target Beijing but other financial centers as well.

Greece's Port Planning and Development Commission (ESAL) last week approved an investment plan by Chinese shipping giant Cosco for its subsidiary, Piraeus Port Authority (OLP), in essentially the same form that it had been agreed upon with the previous administration - with a reduction to the planned size of a shopping center and car terminal - but put a freeze on a proposal for an additional i

Wednesday's decision by the Port Planning and Development Commission, to be published on Thursday, opens the way for Cosco's 800-million-euro investment in the port of Piraeus.

The Port Planning and Development Commission is meeting on Wednesday to approve Cosco's investment master plan for Piraeus port, whose budget comes to 800 million euros.

Greek Prime Minister Kyriakos Mitsotakis will seek to present his vision for economic growth in his keynote speech at the annual Thessaloniki International Fair (TIF), government sources said Tuesday.

Construction company Tekal SA has provisionally won the tender to build the extension of the Piraeus Port Authority (OLP) passenger terminal.

Prime Minister Kyriakos Mitsotakis sought the establishment of a new social contract between entrepreneurs, labour, and the state at a meeting today with Greece's largest business and labour organisations.

Cosco, the Chinese-owned owner and operator of Piraeus port, is expected to resubmit its 800-million-euro investment master plan to the state Port Planning and Development Commission Friday.
The resubmission comes after the change in government and the dozens of obstacles the previous administration's decisions raised.

Cosco, the operator of Piraeus port, plans to build a fourth cargo pier, expanding its total investment in the port by 200 million euros to a total of 800 million, well-informed sources say.

Prime Minister Kyriakos Mitsotakis announced a three-pronged plan to boost Greece's maritime fortunes during a visit to the Ministry of Shipping and Island Policy in the port city of Piraeus on Thursday.