Huawei

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Huawei setting up logistic hub for central, SE Europe in Slovenia

Ljubljana – Chinese company Huawei plans to set up a regional logistic hub in Slovenia for some 19 markets of central and south-eastern Europe. Thus, the flow of its goods through the port of Koper will increase and new storage facilities will need to be built near Ljubljana airport. The multiplicative value of the decision is dozens of millions of euros.

US President Biden Imposes more Sanctions on China

US President Joe Biden is set to ban Americans from investing in dozens of Chinese tech and defence firms with alleged military ties.

The new executive order will come into effect on 2 August, hitting 59 firms including communications giant Huawei. The list of firms will be updated on a rolling basis.

It expands an order previously issued by former President Donald Trump.

US Tightens Restrictions on Dual Use Goods and Technologies, China and Russia Blacklisted

The US has placed export restrictions on more than 100 Chinese and Russian companies with alleged military ties.

US exporters will be required to get a licence before they transfer "designated items" to companies on the blacklist. The list includes a large number of Chinese aerospace companies as well as Russia's foreign intelligence service.

Ghita (Nuclearelectrica):Eximbank USA President's visit to Cernavoda will materialize in implementation options for reactors 3 and 4

The visit of Eximbank USA President Kimberly Reed to the Cernavoda nuclear power plant on Tuesday will materialize in project implementation options for reactors 3 and 4, which Nuclearelectrica will submit to its shareholders' approval as soon as possible, Cosmin Ghita, CEO of the energy producer, told a press conference on the plant's platform.

The United States Extended Huawei's Provisional License for another 45 Days

President Trump's government has announced that it is extending Huawei's provisional license for another 45 days (to allow US companies to find alternatives to the Chinese telecommunications giant, which was considered a security threat to the United States, France Press reported.

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