Greece is strongly interested in making big investments in the telecommunications as well as other sectors of Romania, Greek Transport and Communications Minister Mihalis Liapis told his Romanian counterpart Zsolt Nagy, currently on an official visit to Athens, on Tuesday.

Speaking to reporters after the meeting, the Greek minister said Hellenic Telecommunications Organization (OTE) has invested around one billion euros (1.2 billion U.S. dollars) in Romania, while it planned to invest another 500 million euros (605 million dollars) for modernizing Romtelecom.

Liapis said Cosmote, the largest mobile service provider in Greece, was also expected to invest around 400 million euros (484 million dollars) in its subsidiary in Romania, Cosmorom.

The Greek minister also informed his Romanian counterpart over OTE's plans to list Romtelecom's shares in international stock markets.

He asked for the Romanian government's assistance to facilitate OTE and Cosmote's investment programs.

The two ministers also discussed the situation in the electronic communications sectors of both Greece and Romania, in the context of a new regulatory framework in the EU and ahead of Romania's entry in the European Union.

Source: Xinhua