Romania and Greece to cooperate in power field to lure European funds

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Romania and Greece voiced interest to get involved in mutual power projects and cooperate to draw European funds Finance and Economy Minister Varujan Vosganian said after a meeting with his Greek counterpart.
The two decided to set up a commission to lure European money which will be headed by a Cabinet secretary within the Romanian ministry.
Greece succeeded in improving the absorption of European funds, narrow the deficit and create a good economic environment, Greek finance minister, George Alogoskoufis said.
Greek investments in Romania total 3 billion euros, most of them in the financial-banking field, real estate, insurance, constructions and capital markets, Vosganian noted at the meeting.
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