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Energy Pact Greece – Romania

(GREEK NEWS AGENDA) Forging closer energy ties, Greece and Romania signed a bilateral energy deal yesterday within the framework of Prime Minister Kostas Karamanlis’ official state visit to Bucharest. The deal will enhance bilateral cooperation in the oil, natural gas and electricity sectors, said the premier, looking forward to Romania’s major electricity exporting capacities. Greece’s economic presence in Romania is highly active and translates into a trade volume of over €1 billion per year. More than 800 Greek companies are established in Romania having invested around €3 billion. Ministry of Foreign Affairs: Bilateral Relations – Romania