The agreement between China’s COSCO and Piraeus Port (OLP) is very beneficial for the Greek port, China’s Ambassador to Greece, Zou Xiaoli, said in an interview with Xinhua News Agency on Thursday, ahead of a visit of Prime Minister Alexis Tsipras to the country. 

Lawmakers approved on Thursday an agreement with Chinese shipping giant COSCO to buy a majority stake in Greece’s largest port, Piraeus (OLP), with 223 votes in favour.

The priorities set by the government after the completion of its program review including efforts to achieve growth were discussed in a meeting between Government Vice President Yiannis Dragasakis and German counterpart Sigmar Gabriel in Athens on Thursday.

Prime Minister Alexis Tsipras heads off for a state visit to China today. Τhe 5-day visit in an effort to bolster investments in Greece.