Tagged: Piraeus

Piraeus Bank to appoint new CEO on 14 December

The president of the Piraeus Bank group Giorgos Hatzinikolaou announced that the nomination process for a new bank CEO concluded on Thursday, with full observance of corporate governance rules and within the framework of the European supervisory bodies. As part of the bank’s restructuring and aiming to support the stability of the domestic banking system, […]

Cosco acquires 51% shares of the Piraeus Port Authority

China’s shipping and logistics services supplier company Cosco has acquired 51% shares of the Piraeus Port Authority via the stock market. The Chinese government-owned company bought the 12,750 shares at 22 euros a piece, paying a total of 280,500,000 euros. According to the recent agreement signed with Greek authorities, Cosco will acquire a further 16% […]

HFSF demands changes at National and Piraeus

The boards of banks National and Piraeus require some significant changes to align themselves with recent legislation regarding their members, while those at Eurobank and Alpha only need a few adjustments, Kathimerini understands. The assessment of the composition of the banks’ boards, conducted by Spencer Stuart for the Hellenic Financial Stability Fund (HFSF), was delivered […]

Ferry returns to Piraeus after crashing into pier during departure

A ferry boat heading to the eastern Aegean islands of Chios and Lesvos was forced to return to Piraeus on Friday night for a technical inspection after crashing into a pier during its departure. According to the Merchant Marine Ministry, the 9 p.m. crash was witnessed and reported by passengers on board, forcing the Ariadne […]

Panaghia tis Tinou ferry sinking at Piraeus Port

The Panaghia tis Tinou ferryboat, which has sailed hundreds of thousands of passengers from the Greek capital to the country’s islands, is taking on water and sinking at Piraeus Port, authorities said on Tuesday. The ship, which was put into service in 1960 and confiscated by the state a few years ago due to outstanding […]

President of Cosco says Port of Piraeus can help boost Greek recovery

Greece stands to benefit from China’s growing global influence, while the port of Piraeus can play a pivotal role in the development of its economy, said Xu Lirong, the President of China Cosco Shipping Corporation limited. “Greece will have many benefits from China’s growing influence and power in the global market,” Xu said. “Chinese companies […]

Authorities discuss ways to evacuate Piraeus, Idomeni as deportations resume

As two more boatloads of migrants were deported from Greece Friday, in line with a European Union deal with Turkey that has come under fire from humanitarian groups, government officials were discussing ways of evacuating the makeshift camps at Idomeni and the port of Piraeus. According to official figures, 52,666 refugees and migrants were Friday […]

Greek economy to return to positive growth rates in 2016, Piraeus Bank chairman says

A timely completion of the first review of the Greek programme and a dynamic implementation of a privatization programme, combined with a new development law by the government will help the economy to respond positively later this year and to return to positive growth rates in the second half of 2016, Mihalis Sallas, chairman of […]

Another 2,600 migrants and refugees arrive in Piraeus port

Another 2,600 migrants and refugees transported from Greek islands in the Aegean arrived in Piraeus port on Tuesday morning. They arrived on the passenger/car ferries “Blue Star 1” that let off 1,333 individuals from the islands of Lesvos (974) and Chios (359) and the “Nissos Rodos” that let off 1,309 people, of which 738 were […]