|CSEBA at UNCTAD Investment Conference
|22nd November 2017
|GENEVE - Chinese Southeast Europe Business Association attended for the first time at UNCTAD conference.
Siniša Malus, Communications Manager of CSEBA, held a speech at Investment Policy Review of South-East Europe this week.
Malus gave a speech in which focus was at Chinese investments in Southeast Europe. Also, Malus presented activities and success of CSEBA in past four years.
- In there four years, we did a good job, and Chinese reception in the region is getting better. Chinese investments in this period rose strongly. Main sectors of Chinese investment interest are infrastructure, energy, real estate and tourism. According to law firm CMS, annual Chinese investment in the region doubled in volume in 2016 to €4.4 billion. Poland, Hungary, Serbia and Greece are most prominent investment targets, but Chinese investors have also some significant projects in Bulgaria, Czech Republic, Montenegro, Macedonia and Croatia.
Malus also explained why this region is so attracted to Chinese investors.
- SEE region is attractive to China thanks to its strategic geographical position for the New Silk Road project, its high-skilled yet cheap labour, and its open trade and investment environment. China is mainly attracted to the region for its strategic position and ability to reduce transportation costs for delivering Chinese goods to Western Europe. SEE fits nicely into Chinese grand plan for enhanced Eurasian connectivity. This region sits right between the Mediterranean end of the 21st Century Maritime Silk Road (practically, the 51 percent Chinese-owned port of Piraeus in Greece) and Europe’s highly attractive inland market.
For four years, we have been closely cooperating with some of the biggest companies in China such as Communications Construction Company, PowerChina, Poly Group, MCC, Kerui Petroleum, and several international incubators in China, Malus added.
Central and Eastern Europe represents a collective population of over 120 million with rising per capita income levels, offering new market opportunities, thus heightening the region’s appeal to Chinese market-seeking FDI. Chinese investment interests within the SEE region appear to be very strongly related to ongoing privatization opportunities, including large scale infrastructure projects and public procurement opportunities.
The presentation gathered UNCTAD and RCC representatives, SEEIC economic teams, representatives of private sector, development partners and missions in Geneva.
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