Cosco’s investment in Piraeus turned out well, Bank of Greece governor Yannis Stournaras said in an interview to Chinese news channel CGTN.
Imports of Chinese goods to Greece have an 8% share of all imports to Greece, while Greece “exports services, mainly maritime transport services. As well, about 8% of all export services to Greece goes to China,” Stournaras noted. “This makes China an important partner for Greece, while some direct foreign investments in Greece come from China and Hong Kong. It is not Cosco alone, but there are inflows of investments from China in the real estate market as well.”
The central bank governor also noted that there are opportunities for raising exports – both in exports of Greek services to China, as well as of goods. He cited olive oil as an example, while noting that there are further opportunities for increasing Greek exports. “In respect to investments, these are welcome, as long as international rules are observed. Therefore, we are very open to investments from China,” Stournaras explained.