- March 11 2019
China's CRBC to launch motorway construction in Serbia in April
BELGRADE (Serbia), March 6 (SeeNews) - China Road and Bridge Corporation (CRBC) plans to launch the construction of a 30.9 km motorway section in Serbia linking Preljina to Pozega in April, Serbia's infrastructure ministry quoted CRBC general manager Du Fei as saying on Wednesday.
The Chinese company is also interested in the Fruskogorski Corridor road project in northern Serbia, Fei said, according to a press release issued by the infrastructure ministry.
The infrastructure ministry said in November it signed a 450 million euro ($508.5 million) agreement with China Communications Construction Company (CCCC), the parent of CRBC, for the construction of the Preljina-Pozega motorway section.
Fruskogorski Corridor will link pan-European transport corridors X and IV on the territory of Serbia's northern autonomous region of Vojvodina. The cost of the project is estimated at 400 million euro, the ministry said at the time. The Fruskogorski Corridor project represents an upgrade of the Novi Sad-Ruma section of IB-21 road.Read Full Article
- February 15 2019
Foreign investors charge into China’s commercial real estate as credit squeeze hurts domestic development
China’s commercial real estate investment rose to a record 296 billion yuan (US$44.08 billion) in 2018, as the gap left by cash-strapped local investors was closed by overseas investors who jumped on acquisition opportunities, according to real estate service firm Cushman & Wakefield.
The 9.5 per cent rise in commercial property investment from a year earlier - a slowdown from 30 per cent surge in 2017 - comes against a backdrop of international trade frictions, a regulatory clampdown on lending, and a cooling domestic economy.
The credit squeeze weighed negatively on Chinese developers and real estate funds, whose share of total investment retreated to 68 per cent in 2018 from 80 per cent a year earlier.
However, foreign investment rose to 94.6 billion yuan, or 32 per cent of the total, more than double the amount in 2017, according to Cushman & Wakefield.Read Full Article
- January 18 2019
Russia, Serbia sign major deals in energy, infrastructure
Russia and Serbia signed a package of agreements on bilateral cooperation during Russian President Vladimir Putin's visit to the Serbian capital of Belgrade, the Kremlin said Thursday.
"We signed a large number of agreements in various spheres of public life. Our trade is increasing from year to year, and our economic relations are getting better and better," Serbian President Aleksandar Vucic said at a joint press conference with Putin following their talks, according to a Kremlin transcript.
In particular, the two sides reached agreements on the construction of a gas pipeline with more gas storage facilities and on the construction of a power station aimed at realizing full gasification of Serbia.
Putin and Vucic also talked about infrastructure cooperation, especially in the field of railways, and major agreements and memorandums have been signed on the current maintenance of railways.
The signed contracts on railways have amounted to 230 million euros (262 million U.S. dollars) and are expected to reach 660 million euros in the future, according to Vucic.Read Full Article