One Belt, One Road

The Asian Infrastructure Investment Bank "serves China's interest" and Beijing wields "undue" influence over what is supposed to be a multilateral organisation, a former executive told AFP yesterday after resigning.

In the wake of his resignation, Canada's Finance Minister Chrystia Freeland announced Ottawa would "immediately halt all government-led activity at the Bank".

BELGRADE - Serbian PM Ana Brnabic met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun and Vice President Konstantin Limitovskiy on Wednesday to discuss projects for future cooperation ranging from digitalisation and science to energy, infrastructure and environmental protection.

The first train carrying export goods from Turkey to China departed from Istanbul on Dec. 4, said the Turkish Foreign Ministry.

The train "will follow the Trans Caspian East-West Middle Corridor via Baku-Tbilisi-Kars railway, covering 8,693 kms, passing two continents, two seas, five countries and forwarding its freight to China in 12 days," according to the ministry statement.

Turkey has raised 1.25 billion euros from bonds due March 2025, the Treasury and Finance Ministry announced on Jan. 25.

These relations have enabled Serbia to be an important point on the New Silk Road route, Serbian Foreign Minister and First Deputy PM Ivica Dacic said on Monday, Tanjug reported on Monday.

During the meeting, Brnabic said that political relations of the two countries have reached the highest point of development in their history through a high level of cooperation in all areas, the Serbian government announces.

Australia, the United States, Japan and India are negotiating a joint regional infrastructure scheme to be an alternative to China's One Belt One Road, and to counter the growing influence of Beijing, according to Australian Financial Review magazine quoted by Reuters.

China on Jan. 26 outlined its ambitions to extend President Xi Jinping’s signature Belt and Road Initiative to the Arctic by developing shipping lanes opened up by global warming.

How many years will it take for China to become a "superpower"? This was the first question that came to my mind when I recently noticed in the supermarket that the even the pumpkin seeds I bought had been imported from China.

The large-scale Saint Sofia development, initially announced in 2014, has been granted the status of priority investment project and will benefit from a number of state-guaranteed incentives for a three-year-project, the state-controlled Invest Bulgaria Agency told BIRN on Tuesday.