Galery

3

2

1

Memorandum of economic cooperation between Greece and Libya was signed by the Prime Minister George Papandreou and Muammar Gaddafi during a meeting in the tent of the Libyan leader in Tripoli.

Muammar Gaddafi expressed his willingness Libya and Greece to cooperate in all areas, and the Prime Minister al-Mahmoudi proposed an amount of the 200 billion dollars available to the Government of Libya for investments to be invested in Greece.  

The contract includes a memorandum on cooperation in the fields of telecommunication, transport, energy, tourism, agricultural products, archeology, implementation of infrastructural projects, especially in ports, properties, pharmaceuticals, health and education.

The first report on the fulfillment of the contract will be made after three months. The construction of the undersea link with optic fibers in the Mediterranean – between Greece and Libya – will begin immediately. It will facilitate telecommunications and the project will be implemented entirely by Greek companies. Then will be initiated a solar energy transferring project from Sahara to Europe through Crete – the Peloponnese – mainland Greece and the next stage envisages the construction of pipeline for natural gas from Greece to Europe, which will pass through Greece. Libya will participate in the privatization projects of the Greek government.

Business cooperation in the field of tourism in Crete because of the island proximity to Libya will also be launched. It is envisaged Greek companies to participate in projects in Libya, and Greece to begin exports of construction materials such as marble to Libya. The two leaders also signed a facility contract related to double taxation, but also to issuing visas between the two countries so as to facilitate movement.

The meeting between George Papandreou and the Libyan leader was held in very friendly atmosphere as Mr. Gaddafi has shown his interest in the situation in Greece. During the official lunch they both discussed the attack on the humanitarian mission by Israeli commandos, the Palestinian issue, the Cypriot issue, the Greek-Turkish relations and the economic crisis. Mr. Papandreou was accompanied by the Territorial Minister Haris Pambukis, the Deputy Foreign Minister Dimitris Drutsas and the government representative George Petalotis. Mr. Papandreou was greeted by the Prime Minister of Libya at the airport and they departed together for the meeting with Muammar Gaddafi. The last visit of Greek Prime Minister in Libya was in 1986 when Andreas Papandreou broke the international embargo on Libya and met with the young then leader Gaddafi.