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Articles

Belgrade-Budapest Railway to be Built with Chinese Support

Written by: Editor

 
Serbia and China have developed the diplomatic ties for the first time in 1949 and since then, the economic collaboration was extremely appreciated and sustained by a series of projects and mutual agreements. For instance, since 2017, the two countries abolished the condition of applying and obtaining an entry visa for both Serbians and Chinese nationals. This was an important step in our modern times because the two states have recently agreed on an important transportation project summing up millions of dollars. The business conditions in Serbia are favorable for all foreign investors who want to start a company in Serbia, but for more details in this direction, we invite you to get in touch with our team of company incorporation agents in Serbia.
 

Railway connections to be sustained by China

 
Belgrade-Budapest railway is a significant project which was recently sealed by the representatives of Serbia and China at a recent meeting between the two parts. The project has a major significance and it aims to connect two important cities through the railway structure: Belgrade and Budapest. This valuable transportation project is considered to be a success and also an example for other European countries that have or will seal projects with China. One of the main contractors, China Railway International is part of the important project involving the railway connection between Belgrade and Budapest.
 

The traffic infrastructure in the attention of Chinese constructors

 
 
This year started with another important agreement between the Chinese and Serbian business representatives. A series of investments sent from China will sustain several infrastructure projects in Serbia’s infrastructure. In other words, China will develop the traffic infrastructure in Serbia and more than that, a highway connecting with Montenegro will soon be developed, as the terms of business have already been established between the two countries. This Chinese project sums up approximately EUR 404 million and it represents another proof that the economic and business ties of Serbia and China will continue to develop in the years to come.
 
Foreign investors are welcomed in Serbia’s business environment and are sustained by numerous governmental initiatives and encouragements. We invite you to benefit from the company formation services in Serbia we can provide and contact our team of advisors if you want to open a company in Serbia