European Commission President Jean-Claude Juncker’s 13 September call for “investment screening” has raised new concerns in Athens as the country battles to meet the demands of its European creditors through the privatisation of state-owned commercial organisations.
China is a power with a strategic plan and Greece can only benefit from bilateral cooperation, Greek Prime Minister Alexis Tsipras said during a press conference in Thessaloniki 9 September. The Greek leader commented on Greece’s strategic partner, expressing his admiration for the strategy of “a strong and peaceful country".
With China Development Bank (CDB) and the Greek Public Power Corporation (PPC) set to sign a cooperation agreement which could be worth many tens of million of dollars, China’s has sought to stress the economic and social benefits of investment cooperation between Chinese and Greek companies as they have been cited as a source of concern for some Western countries.
Challenges facing Greece and Piraeus, the home of Greek shipping, have become more evident at a time when global maritime clusters around the world are actively working to attract Greek shipowners.
One of the final hurdles slowing Cosco-management’s plan to speed-up development of Greece’s Piraeus port into a major European gateway for Asian trade is set to be removed within the coming weeks.
We are continually reading how the “shipping crisis” seems to have had little impact on Greece shipping, as the community 'bounds along consolidating its standing at the top of most stats on world's fleet. Greek publication Naftiliaki has now added to the mountain of statistics, confirming the country's largest owners have mainly stood their ground, while others have crumbled.
Greek shipowners will extend for another 12 months the additional tonnage tax they have agreed to voluntarily pay to help the Greek state meet its financial obligations.
The Greek shipping community has lost one of its best known personalities with the passing on 11 June of Gillian ‘Gill’ Whittaker after fighting a long battle with illness, in a manner that cheered friends and associates.