POST Online Media Lite Edition



 

China invested $2.8 billion in Serbia, hub to CE Europe

Staff writer |
Economic links between China and Serbia are growing with the development of the Belt and Road Initiative.

Article continues below






China is also making efforts to expand cooperation with Central and Eastern European countries as a whole.

China's total investment in Serbia over the years has now reached between $2.5 billion and $2.8 billion.

Major contract projects include the Belgrade-Budapest Railway, the Mihajlo Pupin Bridge, the E763 Motorway and an expansion and upgrading of the Kostolac Power Plant.

China's central bank announced that it had signed a 1.5 billion yuan bilateral currency swap agreement with its Serbian counterpart that's about $228 million.

In the first third of this year, China invested $85 million in Serbia, while Serbia invested $34 million in China. The two countries plan to continue to increase trade and investment.


What to read next

EU invested most in ASEAN, $19.7 billion
China's investment in Germany jumped to $10.8 billion
World Bank to invest $2 billion in China's interbank bond market