Source: Xinhua 2023-01-15 05:12:15 Vucic pointed out the importance of the high-speed railway for developing industry, business and tourism, and attracting investors to North Serbia. NOVI SAD, Serbia, Jan. 14 (Xinhua) -- The Serbia section of the Chinese-built Belgrade-Budapest railway, once completed, will prove to be of immense importance for the country's economy and local development, Serbian President Aleksandar Vucic has said on Saturday. Vucic, accompanied by Serbian Minister of Construction, Transport and Infrastructure Goran Vesic and Chinese Ambassador to Serbia Chen Bo, visited the village of Stepanovicevo, where the railway section connecting Novi Sad and Subotica is under construction. Vucic pointed out the importance of the high-speed railway for developing industry, business and tourism, and attracting investors to North Serbia....
Automotive production in Mexico has not yet rebounded to pre-Covid levels. Nevertheless, numerous suppliers are planning new plants in the country. Logistics processes in Mexico's automotive industry are running more smoothly again after being stalled by the lockdowns. The supply of semiconductor chips has also stabilized. In the first half of 2022, around 1.7 million cars rolled off the production lines at automotive plants in the Latin American country, 3.9 percent more than in the corresponding period the previous year. However, the sector is threatened by falling demand from the USA due to the slowing economic growth there. In 2021, around 91 percent of vehicles manufactured in Mexico were sold abroad, the majority of them to the USA. Primarily Suppliers Are Investing in Mexico No sector in Mexico attracts more foreign direct in...
The abolition of the export duty on steel in India may increase the import of cheaper products to the domestic market of Turkiye Steel companies in Turkiye fear an increase in the import of cheaper steel products from India into the country after the Indian authorities canceled the export duty on steel. Ekonomim reports about it. Turkish steelmakers are worried about the lifting of tariffs by one of its biggest rivals, India, at a time when high energy costs are hampering the competitiveness of local steelmakers. “After India abolished duties on exports of steel products, local producers were concerned about the possible aggressive entry of Indian steelmakers into the Turkish domestic market. In addition, competition between the two countries is expected to increase in other markets,” the report said. Steel production in Turkiye in October 2022 dec...
