The West has long eyed Russia as its chief rival in the Western Balkans, but it should look closer at China. The EU is responsible for more than 60 per cent of the total FDI, Chinese FDI remains low, accounting for only 3 per cent.
Romania will bring home its gold reserves
In Slovakia unemployment rate the lowest in 26 years
Croatian tourist pearl, Dubrovnik, hosted the 9th 16+1 summit of the Central and Southeast European (CSE) countries and China. The idea was born after the first Economic-Trade Forum in 2011 in Budapest.
Eurostat: Bulgaria has lowest labor costs in EU
Vladimir Putin’s official salary revealed
In the first three quarters of 2018, CSE’s combined exports to China totaled USD17.6bn, a record high and up by over 20 per cent y/y. But the region has been racking up a large trade deficit with the Asian nation.
Against the background of deteriorating relations between the United States and China, the European Union's strong economic ties with the two countries pose a serious dilemma.
Recently international financial institution have not lend a lot of funds to Belarus. Chine sees it as a possibility and part of the One Belt One Road strategy.
Croatians use unlicensed software
Possible money laundering in Estonia
Estonia became the next country to sign up to the Chinese One Belt One Road Initiative. Meanwhile, Rail Baltica’s troubles continue amid criticism and possible future competition from the Amber Train project.
Bulgaria: a new high-speed train
Ukraine: 26 companies approved for privatization in 2018