China’s rising influence and hopes to securing an economic beachhead into the European Union through Greece now has a second approach – the nearby island of Cyprus, in a key geopolitical position between Europe, Asia, the Middle East and Africa.
China’s Cosco has acquired the major stake in the port of Piraeus and wants to upgrade the country’s notoriously poor and inefficient rail systems to move goods, especially now than an Italian operator has taken over the Greek rails.
Piraeus is a major port into the EU but Cyprus is proving a lure of its own, the financial news agency Bloomberg noted in a feature about China’s hopes there and Chinese companies wanting to make more investments.
Read full story here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: GeorgHH License: CC-BY-SA
Source: thenationalherald.com
