Šarović signs MoU with representatives of Chinese Sinosure Corporation
Šarović signs MoU with representatives of Chinese Sinosure Corporation
Author: CSEBA / SEEbiz
31st May 2018
SARAJEVO - Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina Mirko Šarović signed today a Memorandum of Understanding with China's state-owned insurance company Sinosure, a leading Chinese credit insurance company, which will significantly contribute to more favorable financing of the most important energy and infrastructure projects in BiH.

"An example of good cooperation with Chinese banks and companies is certainly the project of the TPP Stanari, which today is a profitable and successful company," said Minister Sarovic, emphasizing that "this is the year in which we start big and important projects".

A dozen large projects are in the final stage of realization, such as the project TPP Tuzla Block 7, one of the largest investment projects in the last 30 years.

The Chinese side also expressed interest in the project of TE Gacko, hydropower plants in the upper Drina River and the highway Banja Luka - Prijedor and Vukosavlje - Doboj.

"For China, cooperation with Bosnia and Herzegovina is of great importance and we will now even more strongly encourage our companies to invest in BiH," said the Deputy Chairman of the Sinosure Corporation of Weiman Zha.

Photo/Ministry of Foreign Trade and Economic Relations

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