Piraeus

Greek-Chinese cooperation under Belt & Road initiative

Greek businessmen and Chinese scholars voiced confidence in the prospects of Sino-Greek cooperation in the context of the Belt and Road Initiative during a forum held on Monday at Piraeus port, Greece's largest harbor which in recent years has become a strong symbol of win-win bilateral cooperation between the two countries.

Greek court rejects early release request by N17 convict

A Greek council of appeals court judges on Monday rejected an appeal by convicted November 17 terrorist Savvas Xiros to be granted early release on the grounds of poor health.

Xiros, now 55, was seriously injured when a homemade bomb detonated in his hands in the port of Piraeus in June 2002, leading to the dismantling of the organization.

Judicial council rejects appeal for release by N17 convict Savvas Xiros

A Piraeus Council of Appeals Court Judges on Monday rejected an appeal by November 17 convict Savvas Xiros to be given early release on the grounds of poor health.

While acknowledging Xiros's health problems, the judges deemed that Xiros, 55, should remain in Attica's high-security Korydallos Prison and serve 25 years of actual jail time before he can be eligible for release.

Judicial council reject appeal for release by N17 convict Savvas Xiros

A Piraeus Council of Appeals Court Judges on Monday rejected an appeal by November 17 convict Savvas Xiros to be given early release on the grounds of poor health.

While acknowledging Xiros's health problems, the judges deemed that Xiros, 55, should remain in Attica's high-security Korydallos Prison and serve 25 years of actual jail time before he can be eligible for release.

SSM grants Piraeus extension for its bond issue

Piraeus Bank has formally secured an extension from the European Central Bank for the coverage of its 500-million-euro corporate bond that will count toward its Tier II capital.

Kathimerini understands that the ECB's Single Supervisory Mechanism (SSM) has given Greece's leading bank in assets a nine-month extension from the original deadline of December 31.

Kammenos calls on wealthy Greeks to bankroll frigate purchase

Defense Minister Panos Kammenos on Thursday called on wealthy Greeks to contribute financially for the purchase of new frigates for the Navy, by donating into a special bank account set to open next year.

He said the action is part of an effort in 2019 to boost the capacity of the Hellenic Navy, adding that the state will contribute.

EU countries back investment screening plan with China in mind

European Union countries agreed on Wednesday to a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China.

Under the plan, developed in the wake of a surge in Chinese investments, the European Commission would investigate foreign investments in strategic technologies and infrastructure such as ports or energy networks.

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