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Greeks Eye Romanian Market
Considering that most of the Greek capital in Romania is concentrated in Bucharest, the Commercial Department with the Greek Embassy in Bucharest and business people from Romania decided to expand the activities to the outskirts of Romania, Bursa reports.


Last week, a delegation from the Greek Embassy led by first commercial councilor Lambis Kounalakis and first commercial secretary Pantelis Gassios visited Cluj-Napoca to prepare a meeting with local business people and authorities.

The conclusion was that a business forum would be organized at Cluj-Napoca in April and some 30 Greek companies already confirmed their participation.

Greek business people are especially interested in the construction and construction materials sector, the IT sector, textiles, foodstuff and infrastructure.

"We are prospecting the market and searching for opportunities to place significant investments," Kounalakis said adding that the interest mainly comes from companies that already have businesses in Romania.

According to the latest data from the Romanian Trade Register, Greece ranks ninth in what concerns capital investments in Romania, with 3,000 companies operating in the country.

Until now, Greek investments targeted the banking sector, the telecom field, construction, food industry, sea transportation, textiles, insurance and others.

Bilateral trade between Romania and Greece until November 2005 were of some €768.79 million, up by 3.72 percent compared to 2004.

source

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