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The strong relationship between Greece and China has not only been good for Greece but has set an example for European countries, says Adonis Georgiadis, Greek minister for Development and Investments.

The strong relationship between Greece and China has not only been good for Greece but has set an example for European countries, says Adonis Georgiadis, Greek minister for Development and Investments.


Georgiadis said Chinese enterprises’ investment in Piraeus port is a successful case of bilateral cooperation and “we want to have more Chinese investments in more sectors” including banking.

“We want to find ways to enable Chinese banks to have branches in Athens and help the development of Greek business,” said the minister, according to a report in Kathimerini.

Georgiadis said the success of the Piraeus investment has exceeded expectations.
He said that as a result of the investment, the upgraded Piraeus port helps products from China enter Europe more easily and at cheaper prices, he said, adding the two countries have a close cooperation in the shipping industry generally.

The minister said that investment cooperation between Greece and China in the energy sector can also benefit other European countries.


“I think Greece is a good example of cooperation with China, and this could help other European countries consider having more Chinese investments,” said Georgiadis.

The Belt and Road Initiative helps countries like Greece make it through tough times, he noted, adding China’s trust strengthened other countries’ confidence in Greece. “We will never forget that,” said the minister, adding both Greece and China are ancient civilisations, and this rich history can be an advantage for modern development.


“We want to have more Chinese investments in more sectors,” he said, and that Greece and China could also help each other foster the development of tourism.
 He also said “We want to find ways to enable Chinese banks to have branches in Athens and help the development of Greek business.”

– Filed: 2019-10-22