Latest news with #VecernjiList
Business Recorder
11 hours ago
- Business
- Business Recorder
India's Modi visits Croatia with EU trade on agenda
ZAGREB: Narendra Modi will visit Croatia on Wednesday, the first time an Indian prime minister has toured the Balkan nation, in a sign of increasing ties with the European Union. Modi will visit the EU member on his way back from the G7 Summit in Canada, following an earlier stop in Cyprus. Croatian newspaper Vecernji List reported on Tuesday that a key focus of discussions will be a proposed trade route between Europe, the Middle East and India – an investment touted to rival Beijing's Belt and Road Initiative. 'As the first visit by an Indian prime minister to Croatia, it will open new avenues for bilateral cooperation,' Modi said in a statement ahead of the trip. He will meet Croatian counterpart Andrej Plenkovic and President Zoran Milanovic in Zagreb during a visit that was initially scheduled for mid-May, but got pushed back because of an escalation in tensions between India and Pakistan. European leaders are increasingly looking to other trading partners in response to US President Donald Trump's imposition of tariffs on the bloc, which are now flagged to increase in July. India a voice for Global South at G7, says foreign minister The EU is India's second-largest trading partner, accounting for 120 billion euros (US$138 billion) worth of trade in goods in 2024 – more than 11 percent of total Indian trade, according to the EU. First proposed in 2023, the India-Middle East-Europe Economic Corridor would be a railway and maritime route linking the regions and is seen as a potential counter to growing Chinese investment. Although trade between India and Croatia remains relatively small, Croatia, suffering from a chronic workforce shortage, has been attracting more Indian workers. China has pumped billions of dollars into the Balkans in recent years to expand its economic footprint in central Europe.
The Sun
11 hours ago
- Business
- The Sun
India's Modi visits Croatia with EU trade on agenda
ZAGREB: Narendra Modi will visit Croatia on Wednesday, the first time an Indian prime minister has toured the Balkan nation, in a sign of increasing ties with the European Union. Modi will visit the EU member on his way back from the G7 Summit in Canada, following an earlier stop in Cyprus. Croatian newspaper Vecernji List reported on Tuesday that a key focus of discussions will be a proposed trade route between Europe, the Middle East and India -- an investment touted to rival Beijing's Belt and Road Initiative. 'As the first visit by an Indian prime minister to Croatia, it will open new avenues for bilateral cooperation,' Modi said in a statement ahead of the trip. He will meet Croatian counterpart Andrej Plenkovic and President Zoran Milanovic in Zagreb during a visit that was initially scheduled for mid-May, but got pushed back because of an escalation in tensions between India and Pakistan. European leaders are increasingly looking to other trading partners in response to US President Donald Trump's imposition of tariffs on the bloc, which are now flagged to increase in July. The EU is India's second-largest trading partner, accounting for 120 billion euros (US$138 billion) worth of trade in goods in 2024 -- more than 11 percent of total Indian trade, according to the EU. First proposed in 2023, the India-Middle East-Europe Economic Corridor would be a railway and maritime route linking the regions and is seen as a potential counter to growing Chinese investment. Although trade between India and Croatia remains relatively small, Croatia, suffering from a chronic workforce shortage, has been attracting more Indian workers. China has pumped billions of dollars into the Balkans in recent years to expand its economic footprint in central Europe.
Budapest Times
24-03-2025
- Automotive
- Budapest Times
Osijek to be available by highway from June
The final section of the motorway link between Budapest and Osijek will be completed by June, writes the Croatian daily newspaper 'Vecernji List'. This will complete the entire Croatian section of the European North-South Transport Corridor 5C. The Croatian section of the corridor covers 88.6 kilometres, the international transport corridor runs from Budapest via Osijek and Sarajevo to the Adriatic coast to Ploce. The last five kilometres between Beli Manastir and the Hungarian border will be put into operation by June. Eight structures were built on this section: a 318-metre viaduct over the Karasica River and the railway line to Magyarbóly, two overpasses and five bridges. The Hungarian section of the M6 motorway to the Croatian border was already completed last year. Once all the construction work has been completed, the journey time from Budapest to Osijek will be less than two hours – meaning that the Hungarian capital will be closer to the eastern Slavonian city than its own capital Zagreb. While Hungary and Croatia have completely fulfilled their obligations, work in Bosnia and Herzegovina is still in full swing. Of the 325 kilometres of motorway in the Bosnian section of the corridor, 138 km have been built so far. Full completion is planned by 2030. The difficult terrain in Bosnia poses particular challenges for motorway construction. With a length of 10.5 km (including connecting sections totalling 12 km), the tunnel through the Prenj Mountains in the south of the country will be the ninth longest road tunnel in Europe and one of the most demanding technical projects in the country. Croatia began building the 5C corridor 20 years ago. The first section between Dakovo and Sredanci was opened to traffic in 2007, followed two years later by the Dakovo-Osijek motorway section. The section between Sredanci and the Bosnian border was opened in 2015, albeit without the bridge over the Sava. The Svilaj Bridge was not completed until 2021. The 24.5 km long section between Osijek and Beli Manastir with the longest bridge in Croatia, the 2,507 m long bridge over the Drava, was opened in 2022.
