Serbia Receives CNY35 Million Donation From China

Serbia Receives CNY35 Million Donation From China

Prime Minister Aleksandar Vucic said  that Serbia has received a donation of CNY35 million (approximately EUR4.5 million) and that delegations of the two countries signed 13 agreements in Belgrade.


Vucic said that he and Chinese Prime Minister Li Keqiang in talks "dealt with all important issues, ranging from the exchange of state-of-the-art telecommunications technology and the construction of the new Kosotolac thermal power plant block, to exporting lamb meat" from Serbia to China.


The Serbian prime minister said that the CNY35 million donation could be used to pay interest on prior loans.


Mining and Energy Minister Aleksandar Antic said that the Serbian and Chinese governments signed an agreement on a loan for the second phase of a series of projects regarding the Kostolac B thermal power plant worth USD608 million. According to him, the loan is "exceptionally favorable", with a repayment term of 20 years, a seven-year grace period and a fixed interest rate of 2.5 percent.


Li Announces China-Europe Express Line


Chinese Premier Li Keqiang  said that the modernization of the Belgrade-Budapest railway project would be a part of "the ground and maritime express line" between China and Europe.


Li said that the Belgrade-Budapest railway link would not only contribute to deepening China's cooperation with the Central and Eastern European (CEE) countries, but also to China's relations with the EU.


He recalled that following the agreement reached at the previous summit of China and the CEE countries, essential progress had been achieved in Belgrade, noting that the project had been expanded to include Macedonia and the Greek ports.


The Chinese premier also said the railway would be modernized in line with European standards.


He also said Serbia occupied an important position on this express line, the construction of which would help create new factories and jobs.


World media monitoring






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