|CSEBA representatives at China-CEEC summit in Budapest|
|27th November 2017|
|BUDAPEST - Delegation of the Chinese Southeast European Business Association (CSEBA) is attending China-CEEC summit in Budapest, Hungary.|
CSEBA delegation has scheduled important business contacts at B2B meetings during a day of meetings focused on Luka Zadar and electric vehicles projects.
This is a major effort in the realization of the vision and proposed actions outlined in the OBOR initiative. Last week, CSEBA became a full-fledged member of The Silk Road NGO Cooperation Network (SIRONET).
The 16+1 format is an initiative by the People’s Republic of China aimed at intensifying and expanding cooperation with eleven EU Member States and five Balkan countries (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Macedonia) in the fields of investments, transport, finance, science, education, and culture. In the framework of the initiative, China has defined three potential priority areas for economic cooperation: infrastructure, high technologies, and green technologies.
China will provide funding worth over $3 billion for development and investment projects in Central and Eastern Europe, Chinese Premier Li Keqiang said on Monday.
“Under the auspices of China-CEEC interbank association to be inaugurated today, China Development Bank will provide 2 billion euro ($2.39 billion) equivalent of development financial facility,” he said at the sixth Summit of Heads of Government of Central and Eastern European countries and China.
“The second stage of China-CEEC investment cooperation fund has been launched with a capitalization of $1 billion, most of which will be channeled to CEE countries,” he added.