Athens News Agency
3 June 2006

Greece and Serbia on Friday reaffirmed the very satisfactory level of bilateral economic relations.

Greek Economy and Finance Minister George Alogoskoufis, speaking to reporters, after a meeting with visiting Serbian Economy Minister Mladjan Dinkic, said the two countries agreed to intensify efforts to further improve bilateral economic relations and stressed that economic growth contributed in the prosperity of peoples.

Greece is one of the biggest investors in Serbia, while the country is one of our main trade partners, Alogoskoufis said, adding that Greek investments to Serbia totalled 1.2 billion euros in the last decade. The Greek minister said Serbian economy was rapidly growing.

Serbian minister Mladjan Dinkic said the value of Greek investments to Serbian was proof of the very good relations between the two countries. The Serbian minister urged for Greece's support in a proposal to approve funds, worth 1.0 billion euros, to be spent on road projects in the country. Alogoskoufis accepted the Serbian proposal.

Dinkic said the two countries agreed to sign -the soonest possible- an agreement avoiding double taxation and urged Greece to abolish entry visas for Serbs visiting Greece and other EU member-states. The Serbian minister also invited the Greek minister to visit Serbia.

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