China approves $8 million grant for Bosnia

SARAJEVO, Bosnia and Herzegovina – Bosnia has revealed that it is to receive a major $8 million grant from the Chinese government as Beijing seeks greater engagement with the Balkan economies.

Today’s news from the chairman of Bosnia’s Council of Ministers, Vjekoslav Bevanda, came after bilateral meetings on Tuesday between the Serbian prime minister Aleksandar Vucic and his Chinese counterpart Li Keqiang in Belgrade.

Li was in the Serbian capital as part of a four-day visit to the region. Belgrade is hosting a summit of heads of government of China and Central and Eastern European countries.

Fifteen nations are represented, including many of the former Yugoslav states, the Baltic countries plus EU members Poland, Hungary and the Czech Republic.

Bevanda told reporters that he discussed opportunities for joint regional economic projects such as an overhaul of the Belgrade-Sarajevo railway, the Adriatic-Ionian motorway and European route E73.

The summit was first initiated three years ago in Budapest, followed by meetings in Warsaw in April 2012 and Bucharest in November last year.

Seven thousand police officers from different units securing the event.

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