Greece, Turkey increase reinsurance cooperation

Turkish President Recep Tayyip Erdogan and Greek Prime Minister Kyriakos Mitsotakis have entered into an settlement to broaden ties in varied industries together with the reinsurance trade.

Throughout a Dec 7 information convention in Athens, the 2 European leaders signed a friendship declaration to enhance connections of their tourism and cultural sectors.

The nations’ export credit score businesses signed a memorandum of understanding to work collectively on ensures and reinsurance for each Greek and Turkish corporations working overseas.

Turk Eximbank and Export Credit score Greece agreed to supply joint financing, insurance coverage, assure and reinsurance for the nations’ corporations, AA reported.

The 2 export credit score banks will share information and expertise.

Underneath the settlement, Greece will make it simpler for Turkish residents to go to among the Aegean islands by way of a brief visa.

The deal, which revives an earlier process, is geared toward boosting the tourism sector within the Greek islands and strengthening financial ties between the 2 nations.

Erdogan and Mitsotakis labored to reboot the European nations’ relations through the Turkey-Greece Excessive-Degree Cooperation Council, which held its final session in 2016.