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ATHENS Gabriel Jesus Shirt , March 8 (Xinhua) -- The Greek Court of Audit, Greece's supreme administrative court, approved on Tuesday the sale of the majority stake of 67 percent in Piraeus Port Authority (PPA) to China's COSCO, Greek national news agency AMNA reported Daniel Grimshaw Shirt , citing credible judicial sources.
Sources close to the Hellenic Republic Asset Development Fund (HRADF) confirmed to Xinhua the development.
On February 17 Greece's privatization fund had declared COSCO Preferred Investor for the sale of the controlling stake in Greece's largest port for 368.5 million euros.
Under the concession deal which expires in 2052, COSCO will invest an extra 350 million euros over the next decade in infrastructure works at Piraeus.
Following the ""green light"" from the Audit Court, the agreement requires ratification from the Competitiveness Committee before the sale contract is signed and forwarded to the Greek parliament, AMNA noted.
The entire procedure should be completed by May Ederson Moraes Shirt , according to Greek government sources.
Also on Tuesday one of Greece's leading think tanks, the Foundation for Economic and Industrial Research (IOBE) released the results of a survey confirming the multiple benefits of the transaction to the Greek economy and society.
Greek officials, local business bodies and foreign experts have repeatedly stressed that new investments in Piraeus will further boost the port's role as a key transit hub for products in the Mediterranean, will create much needed job positions in the recession hit country and breathe life in the ailing economy by attracting more investors.
IOBE experts expect that the privatization of Piraeus port will generate half a billion euros in investments by other entrepreneurs in the first five years (867 million euros in total including COSCO's investment) Nicolas Otamendi Shirt , according to the survey.
By 2025 at least 31,000 job positions will be created in a country enduring record high unemployment rates in the past six years, the Greek experts stressed.
""The privatization can play a catalytic role in the port's development, sending a strong signal to international markets that Greece is a safe and attractive investment destination Riyad Mahrez Shirt ,"" the IOBE survey concluded.
Since 2009 COSCO's subsidiary Piraeus Container Terminal (PCT) manages Piers II and III at Piraeus under a 35-year concession agreement posting remarkable results, while PPA today runs Pier I.
COSCO's vision to turn Piraeus into a leading international transit hub for products and services from Asia to Europe has already attracted other major multinationals at the port which are cooperating with PCT to distribute their products in the region.
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LONDON， Jan. 10 (Xinhua) -- The Hollywood film "Lala Land" leads this year's British Academy of Film and Television Arts(BAFTA) movie awards nominations， BAFTA announced Tuesday morning.
The U.S. film musical is nominated in 11 categories including best film， best actor for Ryan Gosling and best actress for Emma Stone， as well as best director.
The BAFTA awards are part of the annual movie awards season， and indicate films which may get nominations for Hollywood's Oscars.
The sci-fi drama "Arrival"， directed by Denis Villeneuve， and fashion designer Tom Ford's thriller "Nocturnal Animals" both won nine nominations each， while "Manchester by the Sea" was next most nominated with six.
Leading Actor nominations were: Andrew Garfield in "Hacksaw Ridge"; Casey Affleck in "Manchester by the Sea"; Jake Gyllenhaal in "Nocturnal Animals"; Ryan Gosling in "La La Land"; Viggo Mortensen in "Captain Fantastic".
Nominated for leading actress were: Amy Adams in "Arrival"; Emily Blunt in "The Girl on the Train"; Emma Stone in "La La Land"; Meryl Streep in "Florence Foster Jenkins"; Natalie Portman "Jackie".
Best film nominations were: "I， Daniel Blake"， "La La Land"， "Manchester By the Sea"， "Moonlight"， and "Arrival".
The BAFTA awards will be made on February 11 at a ceremony in London's Albert Hall.
Kabul, July 19 (Xinhua) -- At least 55 insurgents have been killed and 37 others injured during military operations in different provinces over the past 24 hours, Afghan Defense Ministry said in a statement released on Wednesday.
"The Afghan security forces launched series of operations across the country against enemies over the past 24 hours which had left 55 insurgents dead including three fighters of Islamic State (IS) and 27 others injured Fernandinho Shirt ," the statement said.
The operations were conducted against militants in parts of Nangarhar, Kapisa, Khost, Ghazni Benjamin Mendy Shirt , Logar, Kandahar, Uruzgan, Kunduz David Silva Shirt , Faryab, Balkh, Baghlan, Badakhshan and Helmand provinces Bernardo Silva Shirt , the statement added, without giving details on possible casualties inflicted to the security forces.
At the same time, five Afghan police were killed and few others injured after Taliban militants attacked a security checkpoint in Arghandab district of the southern Zabul province Tuesday night, a security official said on condition of anonimity.
Militancy and counter-militancy traditionally gets momentum in spring and summer commonly known as fighting season in Afghanistan.
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