Athens, 8 September 2021 (TDI): During the last decade, Greece was stuck in the mud of debt crisis and on the verge of collapsing into bankruptcy, but the Belt and Road Initiative (BRI) has given it a wave of fresh air. Piraeus port was desolate; nonetheless, in 3 years BRI has turned the tides by upgrading the port and opening it for work.
The China Ocean Shipping Company (COSCO) began managing the port’s container terminals in the autumn of 2009, and now the port has been refilled with vitality. This makes it evident that Greece-China collaboration under the aegis of BRI is going places. In 2019, President of China XiJingping also paid a visit to the port and noted that BRI is not just a “slogan” but a story of success.
The Greek Minister of Development and Investments Adonis Georgiadis told the Chinese News Agency that Beijing is one of the vital foreign investors in Greece.
He expressed great respect to China’s support to the state, with COSCO and State Grid, when Athens was in turmoil.