Reuters: Technology News: HP picks Cosco's Greek pier as regional transport hub

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HP picks Cosco's Greek pier as regional transport hub Nov 14th 2012, 20:16 Tweet Share this Email Print Related News Greek government defies protests to approve more austerity Wed, Nov 7 2012 Greeks strike over spending cuts before crucial vote Tue, Nov 6 2012 Progress in euro zone talks on Greece, no deal yet Wed, Oct 31 2012 Greek editor stands trial over Swiss accounts list Mon, Oct 29 2012 UPDATE 3-Greek coalition allies block austerity plan over labour cuts Tue, Oct 23 2012 Analysis & Opinion Greek show still on the road A vote for 'Election Week' A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010. Credit: Reuters/Thierry Roge ATHENS | Wed Nov 14, 2012 3:16pm EST ATHENS (Reuters) - Hewlett Packard will transport its goods across Europe, the Middle East and Africa through Greece's biggest port, the Greek government said on Wednesday, after a deal with China's Cosco Pacific that Athens hopes will attract investors and bolster cargo business at its commercial docks. The agreement is expected to take effect at the end of the year, the government said. Cosco Pacific, one of the world's biggest container terminal operators, signed a deal with Greece in 2008 to run a pier at the state-owned Piraeus port. HP is the world's largest manufacturer by sales of personal computers. The conservative-led government of Prime Minister Antonis Samaras has made investment and growth a priority since taking over in June. Greece is battling its biggest economic downturn in six decades. Samaras hailed the deal as "a vote of confidence in Greece in this effort we are undertaking today to revive the Greek economy." "It reaffirms the role our country can play on the global business map," he said after meeting representatives of both companies and the shipping and development ministers. In 2011 more than 20 million passengers and 1.7 million containers passed through Piraeus, the country's busiest port and a gateway to Eastern Europe, according to the Piraeus Port Authority (OLP). The Development Ministry, which announced the preliminary agreement, did not place a value on the deal but said it could increase local cargo business at Piraeus by 50 percent. It is also expected to create hundreds of jobs, the ministry said. HP's merchandise would be distributed by sea through the Cosco terminal and by land though Greece's Trainose, the monopoly that operates 500 freight and passenger routes on 2,500 km (1,550 miles) of railways, the ministry said. (Reporting by Karolina Tagaris and Renee Maltezou; Editing by Toni Reinhold) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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