China Development Bank

Just days after this diplomatic tit-for-tat between the EU and China, the Hungarian government played host to a senior visitor from Beijing: China's defence minister. Wei Fenghe used his visit as an opportunity to condemn the EU sanctions while praising Hungary's conciliatory approach, claiming that China "has always regarded Hungary as a good brother".

BGN 18.3 million in profit for the first six months of this year is reported by the Bulgarian Development Bank. The increase is 20% compared to the same period of the previous year and is a result of the activation of the credit activity, the institution announced.

The Bank's portfolio grew by 7% this semester.

Greece's power grid operator ADMIE has signed a nonbinding agreement with China Development Bank as it looks for fresh capital to finance infrastructure projects.

State-controlled ADMIE and China Development Bank have signed a memorandum of understanding, aiming to help the Greek operator to gain access to fresh credit, ADMIE said on Friday.

A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran's central bank president said on Sept. 16.

The contract was signed in Beijing between China's CITIC investment group and a delegation of Iranian banks led by central bank president Valiollah Seif.

China Development Bank (CDB) and the Public Power Corporation (PPC) are due to sign a memorandum of understanding in Thessaloniki on Saturday, September 9. The agreement will be inked during a conference titled "Investment Opportunities in Southeastern Europe - Trends and Challenges in the Energy Sector."

Following a meeting on Tuesday in Athens with China Development Bank chairman Hu Huaibang, Bank of Greece Governor Yannis Stournaras expressed satisfaction with CDB's intention to expand its presence in Greece, mainly via the financing of infrastructure projects.

Turkey and China will focus on joint investments and cooperation, said Turkey's Energy and Natural Resources Minister Berat Albayrak currently visiting China. Albayrak met with Director of China National Energy Administration Nur Bekri in Beijing March 23.

Turkey's largest fixed-line operator, Türk Telekom, is talking to banks to raise a loan worth up to $500 million, which it plans to close before year-end, banking sources said on Oct. 26.

The five-year deal will be syndicated with a club of regional and international banks, and is being coordinated by Bank of America Merrill Lynch, the sources said.

Indian Prime Minister Narendra Modi got down to business on the final day of his trip to China on May 16, saying his country was open for investment as firms signed deals worth more than $22 billion.

BELGRADE - Delegations of Serbia and China have signed 13 agreements and memorandums regarding infrastructure, transport, finances, agriculture and telecommunications.

The agreement on economic and technical cooperation between the two governments was signed on Wednesday by National Bank of Serbia Governor Jorgovanka Tabakovic and China Development Bank head Hu Huaibang.