Sunday, April 3, 2011

Greece interested in investing in energy and infrastructure

Greece's Deputy Foreign Minister Spyros Kouvelis said in Belgrade
that Greek companies are interested in investing in Serbia's energy sector, primarily renewable energy sources, infrastructure, production and tourism.


Greece's Deputy Foreign Minister Spyros Kouvelis said in Belgrade that Greek companies are interested in investing in Serbia's energy sector, primarily renewable energy sources, infrastructure, production and tourism. 

Kouvelis, who is in charge of development aid and international economic cooperation, said late Thursday that during his two-day visit to Serbia he will meet with Serbia's Foreign Minister Vuk Jeremic, Minister of Economy and Regional Development Nebojsa Ciric, and other officials to discuss different investment model for potential Greek investors, as well as cooperation in other areas. 

The talks will focus on how to solidify our economic cooperation, Kouvelis told reporters. 

Kouvelis reminded that Greece is the second biggest investor in Serbia, mostly in the banking and telecommunications sectors, and it intends to extend its investments into other sectors. 

According to him, Greece has invested EUR 2.6 billion in Serbia so far, and over 250 Greek companies employ over 25,000 people. 

The deputy minister assessed that the ties between Serbia and Greece are strong, but that the trade of only EUR 324 million last year is not encouraging and should be improved. 

Talking about the Hellenic Plan, through which the Athens government intends to invest EUR 100 million in Serbia, specifically in the south leg of Corridor 10, Kouvelis said that the projects are going ahead as planned despite the economic crisis in Greece. 

Through infrastructure projects, Greece wants to support Serbia's chances of EU integration, something the government in Athens cares a lot about, Kouvelis added. 

Kouvelis is also expected to visit the Nebojsa Tower, where Greek revolutionary and poet Rigas Feraios was killed, and which was restored thanks to a donation from Greece, which financed 70 percent of the project.




Source: Tanjug