CCE President Luka Burilović (L) Croatian Economy Minister Darko Horvat (R) (Screenshot: HRT) CCE President Luka Burilović (L) Croatian Economy Minister Darko Horvat (R) (Screenshot: HRT)

After the holding of the 9th business forum of the 16+1 initiative seven memorandums of cooperation for concrete infrastructure projects were signed between Croatia and China. Economy Minister Darko Horvat emphasized that one of the keys to stronger ties with China is in securing financing for projects.

"This means new methods or models of financing, including allowing Chinese financial institutions and services access to the Croatian market so that we can finance and build those projects for which we currently aren't in a position to get non-refundable grants from the European Union. Simply put, China, today, is ready to invest into Croatia, and it is ready to gain access to Central and Eastern Europe through Croatia," Minister Horvat said.

For the president of the Croatian Chamber of Economy Luka Burilović one of the key aspects of the deals is that they are not limited to state owned companies, but rather include a large number of private ones as well.

"Agreements were signed today that deal with private companies. As you saw there was the Museum of Illusions project, which will open at the end of June in Shanghai. So we have concrete private projects being run by private companies," Burilović concluded.

Source: HRT