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Montenegro Cuts Taxes on Chinese Highway Builders

Montenegro is exempting Chinese contractors and subcontractors working on a new highway from paying VAT, customs duties, taxes and fees for engaging foreign workers and corporate income tax.

The Tax Administration on Tuesday said new laws prescribed the tax exemption for the procurement of products and services for the planned new highway.

Bulgarian PM Borisov: My wish is to have a motorway linking Bucharest, Sofia and Belgrade

Bulgarian PM Boyko Borisov on Friday told the joint press conference he had with his Romanian and Serbian counterparts that, with respect to the common infrastructure, he wished to see a motorway built to link Bucharest, Sofia and Belgrade.

Photo credit: (c) Alex MICSIK / AGERPRES ARCHIVE

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