Day after day, Sino-Turkish relations prove their strength, despite the turmoil in the world caused by the Corona pandemic. It was recently announced that a Memorandum of Understanding (MoU) have inked between the Turkish Wealth Fund (TWF) and the Chinese Corporation for Export and Credit Insurance (Sinosure) to promote bilateral economic, trade and investment cooperation.
This memorandum stated that Sinosure will consider providing insurance support up to $5 billion concerning the financing activities, especially after the Turkish Wealth Fund recently announced its investment plans in Türkiye’s logistical infrastructure of Türkiye.
According to the MoU signed this week, Sinosure will recommend Chinese enterprises to TWF that are relevant to investors, contractors and financial institutions concerning projects, especially in the energy, petrochemicals and mining sectors
Both parties expressed the importance of this step, which will support the China Belt and Road Initiative (BRI) and the Turkish ” Middle Corridor” project.
TWF is known as the sovereign wealth fund and the strategic investment arm of the Turkish state, contributing to important sectors such as Turkish Airlines (THY), Ziraat Bank and the Bursa- Istanbul Stock Exchange (BIST) and the Turkish Post and Telegraph Organization (PTT) among others.
As for Sinosure, it is a state-funded, policy-oriented insurance company charged with the task of promoting China’s foreign trade and international economic cooperation and is also the official export credit agency (ECA) of the Chinese government.
It is reported that China’s Belt and Road (BRI) initiative or Beijing Belt aims to build a large unified market to take advantage of both international and domestic markets and accelerate economic growth across the Asia Pacific region, Africa and Central and Eastern Europe, and focus on investment in infrastructure, education, building materials and railways. Highways, cars, real estate, power grid, iron and steel.
As for Türkiye’s “Middle Corridor” project or “Middle Corridor”, it is Türkiye’s vision to communicate with its cousins in Central Asia, extending to China through a new trade route between East and West through central Eurasia (hence the name) perfectly complementing the goals of the Beijing Belt.
Study and Living in Albania
In this article, we are going to explain in short about studying and living in Albania the types of higher education in Albania, the tuition fees and living expenses in Albania
What Languages Are Spoken in Albania?
The spoken languages in Albania:
Albania is an ethnically homogeneous country with a vast majority of the population speaking the Albanian language. Minorities in the country speak their own native languages like Greek, Macedonian, Romani, and others. Italian and English are the most popular foreign languages spoken by Albanians.
12 Fun & Interesting Facts About Albania
Here are some fun & interesting facts about Albania:
In the evenings, the locals like to walk. But it’s not just a walk, it’s an official evening walk where every resident comes out to stretch their legs and catch up with their neighbors. Everyone gathers at various places, walking and talking until nightfall.
Agriculture, Forestry, and Fishing in Albania
Agriculture is an essential sector in Albania. One of the earliest agricultural lands in Europe has been found in southeastern Albania.
The former governments allocated substantial resources to the development of agriculture. Large-scale programs of land reclamation, soil improvement, and irrigation, as well as increased use of fertilizers, all contributed to a significant expansion of agricultural production. Later, agriculture has registered annual growth during the latest periods.
Population and Economy in Albania
In this article, we are going to know more about Population and Economy in Albania.
Albania is located in Southeastern Europe and is a member of the UN and NATO. Albania is one of the smallest countries in Europe with 28,700 square kilometers (11,000 square miles) of area.