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Chinese shipping giant Cosco will dish out some 500 million euros over and above the paying price for the port of Piraeus, its managing director, Xu Lirong, said this week during talks with Greek Prime Minister Alexis Tsipras, who is in China on an official five-day visit to attract investments.

With the sale of a majority stake in the Port of Piraeus to Chinese shipping giant Cosco at the center of talks, Greek Prime Minister Alexis Tsipras sealed on Monday a number of deals with Chinese officials during his five-day visit this week to Beijing and Shanghai, aiming to garner investment support.

The Greek Council of State has approved amended plans for the sale of the historic coastal hotel resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.

The world’s largest hotels search site, an aircraft charter specialist and the fourth largest city in Ecuador are among the new exhibitors already signed up for this year’s World Travel Market London.

German investors are exploring opportunities in Greece to place their capital, according to the Hellenic Federation of Enterprises (SEV).

Workathlon, a Greek company that finds, vets and hires the best staff in hospitality, was among the startups from Greece selected to attend a week-long boot camp at the Massachusetts Institute of Technology in Boston during June 11–19.

The 300-member Greek parliament ratified by a 223-vote the sale of the Piraeus Port Authority (OLP) to Chinese shipping giant Cosco a day after the Hong-Kong based conglomerate said in letter that the terms for the deal submitted to parliament had been altered.

Greece’s Central Council for Modern Monuments has given Athens Mayor Giorgos Kaminis the green light to proceed with the necessary works for a makeover of the historic center of the Greek capital.

As part of its ongoing campaign for the promotion of Greece abroad and its strategy to support and boost tourism in the islands of the eastern Aegean, the Greek Tourism Ministry has announced two press trips to the island of Samos.

This week the Pioneering Greeks column introduces Kostarelos Greek Delicacies, a company that has remained loyal to traditional cheesemaking while using the most modern techniques.