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Central European Financial Observer > Central Europe > Hungary > Modernization of Belgrade-Budapest railway line as One Belt One Road initiative
Michał Kowalczyk
Keleti railway station, Budapest, Hungary (monostory, CC BY-NC)

The railway line between Budapest and Belgrade will be an important part of the One Belt One Road Initiative, the project proposed by Xi Jinping, President of the People's Republic of China.

The Initiative is a long-term strategy of development and cooperation between Eurasian countries, including the countries of Central and Southeast Europe (CSE). If the project is successfully completed, China will be able to play a more important role in global affairs, especially in an international trade. Since the strategy was announced in 2013, it has been realized mostly through investments in infrastructure, real estate, and the power grid development.

A very important part of the One Belt One Road initiative is the development of cooperation between China and CSE. In November 2015, in Suzhou, an intergovernmental agreement on the upgrade of the Belgrade-Budapest railway line was signed. In the agreement China committed to granting a loan which will cover 85 per cent of the costs of modernizing the section of the line between Soroksár, on the outskirts of Budapest, and Kelebia, on the border with Serbia. Péter Szijjártó, Hungary’s Minister of Foreign Affairs, said that this is “the first concrete success” of the partnership between China and CSE countries. The remaining 15 per cent of the investment is to be covered by Hungary. The loan from China is granted for 20 years with a 5-year grace period. Thanks to the modernization trains will be able to achieve the speed of 160km/h.

In late November of 2017, Li Keqiang, the Chinese Prime Minister, paid an official three-day visit to Budapest, as Hungary was hosting the CSE-China Forum. The business forum was attended altogether by about 1,000 businessmen from China, Hungary, as well as other CSE countries. In the opening address, Hungarian Prime Minister Victor Orbán emphasised how 16 of CSE countries can play a significant role in the economic growth of Europe. He appreciated the strength of the “Orient” in the global economy and expressed hopes that the rapidly developing economy of China will positively affect Europe. The Hungarian PM called to grasp opportunities for development at a time when Europe “faces historic challenges which it cannot meet unless it has powerful allies”. Meanwhile, during the opening ceremony, the Chinese PM Li Keqiang stressed the benefits of co-operation for all participants and pointed out that such co-operation between China and countries of CSE has been increasing over recent years. Thus, the distance between Europe and Asia has been reduced and Chinese enterprises have gained new possibilities to transport Chinese products quicker.

The Daily Post Jan 10, 2018

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Ruthie C. Kelly says

: Why are they missing this?

1) The spirit of Wisdom 2) The spirit of Understanding 3) The spirit of Council 4) The spirit of Might 5) The spirit of Knowledge 6) The spirit of Fear of the “I AM” 7) The spirit of Righteous Judgment (11:4) AMEN

Ruthie C. Kelly



wow! wow!! wow!! what a blessing, just short of words to say the way I feel about all this, from the teaching to all the comments. God is awesome indeed. You are fulfilling Acts 20:28.(feeding the flocks) As for me, I am privilege to be His servant, having a ministry and am really existed that people still long for God to know Him more. To BE I say well done. my prayer for you is that at the end Jesus will say, Well done, thou good and faithful servant” I am so please with all the comments and suggestions. And as the “Noble Christians” Acts 17:11 you will all grow from strength to strength. my His grace I will keep praying for the Ex Soldier. because I believe his testimony and transparency. God will uphold him, and i want him to know that there is nothing God is holding against him. I believe God will restore him in full according to Joel 2:25-27 in Jesus matchless name. Thanks a lot.



Ishi says

The seven spirits of GOD are Gods. The WHOLE of GOD are 7. It is interesting that this is made complicated by starting with a non-biblical premise that there is simply a trinity. Three of the SEVEN are mediators between SACREDNESS and Man. I assume this is why Adam’s kin assumes only three of the SPIRITS are recognized.


Eileen says

This is my ‘go to site’ for balanced wisdom and insight in the Word. Only Isaiah 28:10 is a rebuke, not instruction. It is for those still ‘barely weaned toddlers, babies just taken from the breast (vs. 9) so that one has to use nursery rhymes ‘precept by precept, line by line . . . (10) (CJB). It’s a common misunderstanding, and not meant to be nitpicky or critical of all the other wonderful teaching you share so freely.


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