NEWS

Greece-Russia seek closer bilateral relations

Greece-Russia seek closer bilateral relations

Greek Deputy Industry Minister Theodora Tzakri met with Russian Industry and Commerce Minister Denis Manturov and with representatives of the Russian business community during her visit in Ekaterinburg on the occasion of the INNOPROM 2016 international trade fair.

The two minister discussed the possibility of further strengthening bilateral economic relations after trade transactions between Greece and Russia in 2016 dropped by one-third compared with the previous year, hit by EU sanctions.

Tzakri said Russia has invested around 700 million euros in Greece and there was room for further investments in transport, energy, tourism, ship-repair, mining and pharmaceuticals. Manturov said Russia was drafting a special programme under which Greek pharmaceutical companies could participate, while he asked more details over the possibility of Russian companies' participation as strategic investors in state-owned industries.

In a series of meetings with Russian officials, Tzakri presented investment opportunities offered by Greece in the fields of energy, food processing and beverage, IT and telecommunications, along with investment opportunities offered by the Agro-food Park of Pella.