Shipping sector leads the way in Greece – Collaboration with China
Greece’s Foreign Secretary General and Chairman of the ministry’s export agency, Enterprise Greece, Ioannis Smyrlis, addressing the “ China and Greece: The New Silk Road ” forum quoted Cosco’s key investment in the port of Piraeus, the founding of a Bank of China branch in Athens, and the Belt and Road Initiative itself as examples of ongoing collaboration with China .
Enterprise Greece facilitates two-way trade and investment in several sectors including tourism, real estate, agriculture and food, transport and energy.
Despite the impact of Covid-19 and the negative effects it has had on the financial results of some business units, such as the cruise, ferry and car terminal, Cosco Shipping has managed Piraeus Port Authority (PPA) in a briefing at Hellenic Fund and Asset. The Management Association said it had managed to continue port activities without interruption under conditions of safety, without placing any employees on temporary suspension.
PPA has subcontracted investments amounting to $ 254.1 million in 2020 as it strengthens its efforts to accelerate their implementation and modernize the port infrastructure. Sales were $ 148.8 million, and profit before tax was $ 41.33 million and profit after tax was $ 29.57 million.
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