Romania participates at the China – Central and Eastern Europe Cooperation

“China should establish a financial institution to specifically service central and eastern Europe and connect with the AIIB’s business in Asia…the “One Belt One Road” can be extended to Europe from West Asia”, he said.

Hungary’s Prime Minister Viktor Orbán on Tuesday called on China’s leaders to support the European Union’s efforts to combat terrorism in the wake of the deadly attacks in Paris.

As Li put it in his remarks at the summit, “Located at the east gateway to Europe and along the routes of the Belt and Road initiative, CEECs enjoy a distinct advantage for enhancing connectivity”.

After a morning session, Li invited the leaders onboard a domestically-designed high-speed train for a ride to Shanghai.

The main deals that came out of the summit, and the various bilaterals held on the sidelines, were also related to infrastructure.

He hoped the rail link between Budapest and Belgrade, a trilateral cooperation project among China, Hungary and Serbia, will extend to Montenegro. Li said construction of the railway would start this year and be completed within two years. Xinhua described the new railway as “a fast lane for [the] import and export of products between China and Europe”.

Cui Hongjian, head of European Studies of the China Institute of International Studies, said China had pledged to provide US$10 billion in special loans to central and eastern European countries in 2012, but that had not worked out because it required governments to provide guarantees, which conflicted with EU policies.

This will help Czech exporters enter the Chinese market that is a priority market for Czech export and CEB, Bureš said in a press release.

The Chinese Premier said that his country is interested in participating in the infrastructure construction projects for high-speed railway and motorway around the Black Sea, which had been proposed by Bulgaria.

Many of the CEE states are hoping to use Chinese investment to boost their own economies.