Tuesday, April 15, 2008

Greece, Romania discuss econ. ties

A continuation of economic reforms, combined with closer cooperation between countries in Southeastern Europe has much to offer to the citizens in the region, Greek Economy and Finance Minister George Alogoskoufis said on Friday, while he expressed his optimism over the outlook of the economy in the wider region.

Speaking to reporters, in Bucarest, after a meeting with his Romanian counterpart Varoujan Vosganian, in the framework of an official two-day visit to Romania, the Greek minister said the meeting reaffirmed the possibilities of further expanding bilateral economic relations.

The two ministers agreed to set up a joint commission, aimed at offering consultation to Romania over a more efficient management of community funds offered by the European Union.

The Romanian Minister expressed his satisfaction over the course of trade and business relations between the two countries, underlining the significant investments made in sectors such as banks, insurance, infrastructure, telecommunications and real estate development. He also noted that the energy sector offered significant prospects of cooperation.

Alogoskoufis also met with Romania's central bank governor Mugur Isarescu and will address a business dinner organised by the Hellenic-Romanian Chamber of Commerce and Industry on Friday evening.

The Greek minister said Greek investments in Romania totaled around 3.0 billion euros, and that Greek was the third largest foreign investor in the country after Holland and Austria.

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