Piraeus Port Authority S.A., established in 1930, is bestowed with the management and operation of the Piraeus Port, the largest port in Greece and the Mediterranean with a multitude of port activities (Container terminals, Car terminals, Ferry and Cruise terminals, Ship Repair facilities – inclusive of 5 dry-docks). The country’s geographical position makes it an ideal logistics hub, especially between Asia and Central & Eastern Europe.Piraeus, as the first deep sea EU port after crossing the Suez Canal, enables the maritime and business community to use Piraeus as a hub for the combined transport of cargoes with efficient value added services, which can be re-distributed by road, rail and sea.With its ongoing investment plan, the Piraeus Port aims to be established as the most important logistics and cruise centre in the Eastern Mediterranean.
A €612 million investment plan is “absolutely necessary” for Greece’s largest port to maintain its attractiveness and comparative advantage, says Yu Zenggang, BoD Chairman of the Piraeus Port Authority, adding that the Port of Piraeus can take further advantage of its geostrategic position to become the first European port after the Suez Canal that bridges all available transport modes.
Greece Investor GuideFollow
Ellaktor’s wind 🌬️ portfolio is poised to grow with its most recent investment, a partnership with Portuguese group EDP Renewables that will bring 470.4 MW of wind parks to Evia island 🏝️. The project, budgeted at €489mn, promises to create 182 new jobs...
In a move that is sure to boost the Greek economy, Greece’s @Alphabank_gr agreed to sell a portfolio of NPL and NPE’s to U.S. fund Davidson Kempner for €10.8bn, cleaning up the bank’s balance sheet. This sale, known as Galaxy, will be Europe’s second-largest securitisation..
Greek 🇬🇷 food product company Vivartia is about to enter a new era. American 🇺🇸 private equity investment firm @CVC_Capital is ready to buy Vivartia for over €600 million, pending today’s agreement with Vivartia’s parent company, Marfin Investment Group.
The German Embassy in Athens is launching an initiative on social media on Friday to mark the bicentennial of the 1821 Greek Revolution, showcasing 21 German philhellenes
The US Office of Defense Cooperation delivered ~ $9M of U.S. granted equip. including radios to strengthen the communication capacity of the Hellenic National Defense General Staff-Joint Special Operations Command. We're committed to deepening 🇺🇸🇬🇷 defense cooperation! @hndgspio
Greece Investor Guide (GIG) and the producer of GIG are not registered investment or legal or tax advisors or brokers/dealers. All investment and/or financial opinions expressed within GIG are based on the personal research and experience of GIG's editorial team, as well as on interviews conducted with key players within or associated with the Greek economy. The content of GIG is intended to be used, and must be used, for informational and educational purposes only. You must take independent financial and/or any other professional advice from an expert and/or a professional, and/or you must make independent research and verify any information that you find within GIG and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Although best efforts are made to ensure that all information is accurate and up to date, unintended errors and/or misprints and/or omissions may occur. The producer of GIG shall not be held responsible for any such errors and/or misprints and/or omissions. The producer of GIG shall not, in any circumstances (a) be legally bound as a result of any information contained in this guide or (b) be held responsible for any losses or liabilities that may arise in respect of such information or for any use of such information by any such person.
All rights reserved. Reproduction in whole or in part is strictly prohibited without written permission.