News & Highlights

GREECE, Thursday, July 22, 2010

Greece Eyes Libya

Greek Deputy Foreign Minister Spyros Kouvelis said that Greece has invited Libya's sovereign wealth fund to invest in energy, real estate and privatisations of state firms.

Mr.  Kouvelis said that earlier this year Greek officials had met executives from the Libyan Investment Authority, the north African country's sovereign wealth fund.

"We had explained to them what the investment opportunities in Greece are these days," he said. "These investments opportunities range from energy to tourism to real estate to also the privatisation of public companies. There is quite a lot of discussion about that," Mr. Kouvelis told Reuters, adding that the Greek government did not discuss any loans. (Source: ANA-MPA)