China Ocean Shipping Company, a large Chinese shipping firm, is investing in Greece, Xinhua News reports. The investment, which includes a container project at the port of Piraeus, could boost the country’s economic development, Greek Prime Minister George Papandreou said.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.