Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness Kostas Fragogiannis’ visit to Israel (08-09.06.2022)


Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness Kostas Fragogiannis’ visit to Israel, on 8 and 9 June 2022, concluded with an agreement for the development of a roadmap of systematic and targeted actions to strengthen bilateral economic relations between Greece and Israel and to attract investments.

The Deputy Minister had a series of meetings with government officials, with institutions supporting entrepreneurship and innovation and with companies operating in cutting-edge sectors such as energy and renewable sources, agricultural production, construction and waste management. Mr. Fragogiannis also signed, on behalf of Enterprise Greece, an MOU with the Israel Export & International Cooperation Institute, with the aim of institutionalizing cooperation between the two corresponding agencies.

An MOU was also signed between Export Credit Greece – formerly Export Credit Insurance Organization (ECIO) – represented by it CEO Grigoris Stamatopoulos and the corresponding Israel Foreign Trade Risks Insurance Corporation (ASHRA). The memorandum aims to consolidate and strengthen relations between the parties, through the exchange of information on current and new projects, the exploration of mutual opportunities for insurance services for exports of goods, services and investments, the organization of business (B2B) meetings and events between export companies in Greece and Israel.

Deputy Minister Fragogiannis also held meetings in Jerusalem with Yair Golan, Deputy Minister of the Economy and Industry, and Idan Roll, Deputy Minister of Foreign Affairs, with whom he confirmed the excellent climate in relations between the two countries and the mutual willingness to further strengthen trade and economic relations. The Deputy Minister also met with H.H.B. the Patriarch of Jerusalem Theophilos III.

Finally, during his visit to Israel the Deputy Minister attended a working dinner with prominent Israeli businessmen who are already active in Greece and/or have expressed interest in investing in the country, with a special emphasis on renewable energy sources. In particular, the “smart and sustainable Astypalea” project attracted special interest by entrepreneurs who have developed green energy production technologies.