Chinese companies explore new business opportunities in Greece

logisticsFollowing the privatisation of Piraeus Port Authority which is now controlled by COSCO, more Chinese companies have shown an interest in exloring business opportunities in Greece. Examples include the signing of a cooperation agreement between Public Power Corporation and China Machinery Engineering Corporation (CMEC) on the development of joint infrastructure projects and the acquisition of 24 percent in the Independent Power Transmission Operator (ADMIE) by China’s State Grid Corp. As Kathimerini newspaper reports, the head of China Shenhua Group – one of the world’s biggest corporations in coal and energy trading – recently arrived in Athens with his staff in order to understand in depth the Greek energy market and promote cooperation with Greek enterprises.