President of Iceland visits Romania

Olafur Ragnar Grimsson, President of Iceland, visited Romania last week. On the agenda were discussions about a number of matters including the possibility of the two countries cooperating on energy issues.

On September 19th, the two Presidents had a lengthy discussion about the possible participation of Icelandic companies in the economic development of Romania, according to reports from Icelandic news source, the Morgumbladid.

Iceland’s president was accompanied on his Romanian visit by representatives from 25 Icelandic companies interested in the project. Banks, investment firms, construction companies, urban developers and energy companies sent officials to feel out the possible opportunities in Romania.

Romania’s President Traian Basescu was warmly enthusiastic about the visit, emphasising on several occasions the importance of powerful business associates for Romania. He expressed his opinion that Icelandic experience could help Romania and the country’s development.