Athens News Agency: News in English, 11-10-07

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

CONTENTS

[01] Papoulias urges creation of free trade zone with Ukraine

[01] Papoulias urges creation of free trade zone with Ukraine

Delegates at the conference spoke of large margins for further deepening and also expansion of Greek-Hungarian relations.

Many Greek companies, with experience from the organisation of the 2004 Olympic Games in Greece, are prepared to assist Ukraine in its co-organisation, together with Poland, of the European Football Championships in 2012, Papoulias said.

He also said that the value of Greek capital invested in Ukraine, approximately 700 million dollars, coupled by a substantial Greek presence with four Greek banks on the Ukrainian market and the placement of Greek capital in business activities such as glassworks, renewable energy sources, construction material and shipping were "encouraging for the further course of Greek-Ukrainian commercial transactions".

The President further noted the prospects arising in the field of tourism, despite the adverse conditions.amna Yanukovych's state visit to Athens.

Yanukovych , in turn, underlined Ukraine's interest in the development of renewable energy sources (RES) activities, and particularly noted the two major RES projects (aeolic energy park and photovoltaic park) being constructed in Crimea, saying that with the knowhow being employed there a similar electricity production park could also be built in Greece.

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