Stamen Yanev, BEA: Chinese investment in the Balkans and European funding can run in parallel, for the benefit of the region12 September 2019 | 09:55 | FOCUS News Agency
In his words, the slow economic growth of the Western Balkans has created a niche for expanding the Chinese market towards Europe. “Intersection of European interests and those of our Asian partner is not to be excluded, but the adopted regulations play the role of a guarantor,” said Yanev. "The EC has started the process of adopting a new regulation to create a new mechanism for screening foreign investment outside the EU in the Community – this is to protect key sectors of the Union so that the national security of the member states or of the EU as a whole is not affected, and that the interests of individual member states are not harmed in any way. A collision is possible, but I would not classify it as a huge conflict between Europe and China,” he explained. The agreement reached last year on nearly one and a half billion in Chinese currency should be operated through Bulgaria, Stamen Yanev commented, adding that Bulgaria would benefit in any way from this strategic partnership with China.
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