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Athens News Agency: News in English, 05-06-08

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Stylianidis addresses event on Balkan economic, political development

  • [01] Stylianidis addresses event on Balkan economic, political development

    Deputy Foreign Minister Evripidis Stylianidis on Wednesday reiterated Athens' commitment to the robust economic development and overall stability of the entire Balkan region, speaking at a one-day seminar entitled "Building the Balkans Together With Our Neighbours".

    Among others, Stylianidis cited what he called a tremendous increase in bilateral trade and Foreign Direct Investments (FDI) by Greek firms in every Balkan state, which he put at more than eight billion euros.

    Conversely, the Greek minister said the primary problems encountered by Greek firms -- both public and private -- in neighbouring countries include red tape, corruption, a sluggish justice system, unexecuted court rulings and an often deficient legal framework, along with a lack of transparency in certain tendering procedures.

    However, Stylianidis emphasised that the investment and business climate in the Balkans has dramatically improved over recent years.

    The event was sponsored by the Knowsys company.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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