Hungary, Serbia and China will sign an agreement on the Budapest-Belgrade railway line modernization on Wednesday

Tuesday, December 16, 2014

Hungary, Serbia and China will sign an agreement on Wednesday on the Budapest-Belgrade railway line modernization, which will be a major transit route through which Chinese goods arrive in Europe from Greek ports announced Prime Minister Viktor Orbán on Tuesday in Belgrade at the Central and Eastern Europe - China summit.

The project will be implemented by China's financial and technical assistance. "This railway line will be one of the sections of a major transit route that starts in Greece, and leads to Western Europe through Macedonia, Serbia and Hungary explained the details the prime minister.

Orbán also announced that the Bank of China would set up its regional center in Budapest. In his speech the prime minister remarked that in terms of competitiveness Europe hasn't been as successful as other regions of the world due to changes in world politics; while everyone agrees that Central and Eastern-Europe will be the engine of growth of the continent in the coming years.

"The fact that economic growth was higher in Central-Europe than the EU average imposes a special responsibility on us" said Orbán then, he went on saying that stimulation of economic growth is EU interest as well.

The Prime Minister said, "The European Union makes a major mistake if turns inward; but on the contrary, Europe should start building a strategic partnership with the world's fastest growing regions." Therefore, one of Europe's main interests should be to develop the closest possible cooperation with China, and our region should continue to play an active role in this development explained the prime minister.

(MTI –


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