Piraeus Container Terminal falls foul of EC anti-competition rules

Piraeus Container Terminal falls foul of EC anti-competition rules

London: Greece granted Piraeus Container Terminal (PCT) and its parent Cosco Pacific an undue advantage over their competitors, which is in breach of EU state aid rules, the European Commission said today.

PCT and Cosco were given certain fiscal benefits such as tax exemptions and preferential accounting treatment.

The companies will be made to pay back the advantage received to the Greek state.

The EC expects Greek authorities to cease granting these advantages to PCT from now on.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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