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May 16, 2021

Trade between Romania and Greece likely to reach 1.5 bln euros in the next years

Trade exchanges between Greece and Romania could reach up to 1.5 billion euros in the following years, with Romania currently ranking 13th among the countries importing from Greece, Ioannis Markos, economic and trade adviser at the Greece Embassy in Bucharest told Agerpres in an interview.
Ioannis Markos appreciated at the same time that the total investment of Greek companies in Romania will amount to approximately 500 million euros in 2014, with Greek coming thus on the 6th position among the most important foreign investors in Romania.
‘According to the statistical data offered by the Greek Statistics Authority (EL.STAT), bilateral trade between Greece and Romania totaled 1.143 billion euros in 2013. Greek exports to Romania accounted for a total of 617.7 million euros, while imports from Romania totaled 526.1 million euros,’ said Markos.
According to the Greek officials, the most important products exported from Greece to Romania were the copper-made products, fruits and vegetables, foodstuffs, cosmetics, toys etc. In 2014, we expect a growth in bilateral trade of approximately 5 per cent. According to the most recent data (EL.STAT) January through September, 2014, bilateral trade increased up to 878 million euros, from 829 million euros in the same interval of the previous year (plus 5.9 per cent). Greek exports stood at 446 million euros, while imports from Romania totalled 431 million euros.
‘Greece ranked 6th among the countries that invested in Romania, with total investments of more than 4 billion euros and more than 5,700 registered companies,’ Markos added.
Finally, ‘Greek investors believe that the Romania economy respects, in what concerns the macroeconomic data, the estimations of international organisations. However, the country should show more interest especially in the foreign investments that contribute in a scientific manner to the growth in the GDP, opening thus the road to Romania’s accession to the eurozone,’ the Greek official also said.


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