Greece: Report on trade & investments

Greece is continuing to build strong political and commercial relations with neighbouring and regional countries as it expands trade and investment in a wide range of sectors. Outreach highlights recent agreements with Croatia, Italy, Azerbaijan, and Turkey.
Greece and Croatia Sign Declaration
Greece and Croatia signed a Declaration of Friendship, Good Neighbourliness and Cooperation during the visit of Croat Premier Ivo Sanader to Greece. Prime Minister Kostas Karamanlis signing on behalf of Greece and Premier Ivo Sanader signing on behalf of Croatia. In statements, the two Prime Ministers stressed the excellent bilateral relations between their countries, and noted the potential that exists to further strengthen relations in the commercial, economic, and tourism sectors.

MOU—Greece, Italy
In Rome, Development Minister Dimitris Sioufas and Italy’s Economic Development Minister Pierluigi Bersani signed a Memorandum of Cooperation in the sectors of industry and Small and Medium Enterprises (SMEs).

Mr. Sioufas said, “SMEs in Greece and Italy make up the overwhelming majority of enterprises and constitute the foundations of the economic and social development of the two countries. Our common objective is the liberation of the immense possibilities and potential of SMEs for growth and employment. A Joint Work Group will be established for the implementation of the Greek-Italian declaration. 

MOU—Greece, Azerbaijan
In Baku, Development Minister Dimitris Sioufas and Azeri Economic Development Minister Heydar Babayev signed a Memorandum of Cooperation in the sectors of natural gas and oil. Mr. Sioufas also met with Azeri President Ilham Aliyev. “The signing of a Memorandum of Cooperation in the energy sector between the governments of the Republic of Azerbaijan and Greece constitutes a landmark in the promotion of political, economic and trade relations between the two countries,” Mr. Sioufas said after the signing of the Memorandum, who referred to a “new page in economic and energy relations of the two countries.” Azerbaijan is a producer country of oil and natural gas with important assessed reserves, able to cover part of the continuously increasing demands of natural gas in European markets.

Mr. Sioufas noted that Greece can function as a corridor for the transport of gas from the Caspian region to Italy and to European markets in general. With the MOU, he said, the conditions are created on one part for the supply of natural gas, and hydrocarbons in general, to Greece from Azerbaijan and, on the other, for the transport of gas from this country to Italy and the European markets through Turkey and Greece.
Greece, Italy, Turkey
On July 26, in Rome, a proposal by Mr. Sioufas had been accepted by his Italian and Turkish counterparts, Pierluigi Bersani and Mehmet Hilmi Guler, concerning the signing of a four-party inter-state agreement between Azerbaijan-Turkey-Greece-Italy with which the details of transporting natural gas from the Caspian region would be arranged.

Souirce: ELKE

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