Friday, August 30, 2013

Cosco Hits the News!

I have been wondering why it had gotten so quiet around the Cosco investment in Pireaus. Readers of this blog will know that I consider this investment as a prototype of what foreign investment can contribute to the Greek economy (I remember reading that, according to projections, Cosco is expected to contribute about 2-3% to Greece's GDP).

Well, Cosco is back in the news again. According to this article in the Ekathimerini, there seems to have been a bit of a snag between Cosco and the Greek government. That snag now having been removed, the lights are on 'green' as regards a 224 MEUR investment into a new pier.

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