Greek firms find local business opportunities

Newsroom 18/06/2012 | 08:26

Over 350 participants attended last week’s economic forum entitled Greece – Romania: at the Crossroads of Regional Synergies, which was part of the Go International initiative being implemented by the financial-banking group Eurobank EFG in cooperation with the three main export associations of Greece and the Hellenic Ministry of Foreign Affairs.

More than 250 companies from Central and South-Eastern Europe met in Bucharest for two days at the Go International event.

Over 1,500 bilateral meetings were held between participants from Greece, Hungary, Moldova, Poland, Romania, Russia and Turkey.

“Entering a long period of economic stagnation at a European level is starting to become an accepted fact. What we cannot accept, though, is to allow the chains of value creation at the economy’s level to be destroyed. This is why support for small and medium companies is a must, now more than ever,” said Florin Pogonaru, chairman of the Association of Romanian Businesspeople (AOAR).

The first edition of Go International was organized in February 2011 in Cyprus, moving to Serbia in October of the same year. The Romanian program was supported by the Romanian Chamber of Commerce & Industry, the Hellenic-Romanian Chamber of Commerce & Industry and Bancpost.

Greek exports to Romania amounted to EUR 600 million last year, while Romanian exports stood close to EUR 500 million, according to the Greek Ministry of Foreign Affairs.

There were 5,200 Greek companies in Romania with a combined investment value of EUR 3 billion in the local economy. Moreover, 16 percent of all local banking assets are owned by subsidiaries of Greek lenders. Eurobank EFG owns Bancpost in Romania.

Ovidiu Posirca

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