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Serbian local state-owned enterprises (SOEs) owed in excess of EUR 220mn in late 2015, with estimates reaching a much higher figure. According to the national Fiscal Council, underinvestment by local governments amounted to some EUR 250mn annually. This paper looks at insufficient commercial...
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As China's opening-up grows wider under the Belt and Road Initiative, the exploration and construction of free trade … ports have received increasing attention. In 2018, China's first free trade port was settled in Hainan instead of Shanghai …. In 2019, after the Lingang New Area of China (Shanghai) Pilot Free Trade Zone was approved by the central government, six …
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