Serbia asks Chinese to approve USD 1.8bn loan

Pathetic Serbs.
(Avni, 7 November 2012 19:33)
==========================

Pathetic, really? How much is "Kosova" able to borrow?
You live from charity. The fact that Serbia can borrow from others is a sign that Serbia is a safe country. Every country borrows from somewhere but how much is determined by the lender and how safe they think their investment is. China has been behind Serbia all the way. This is great news.

Pathetic Albanians is more like it.

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia. At least I will know were to go to get good authentic Chinese food how far do they deliver.
(Lenard, 7 November 2012 19:03)
===========================

Being flooded with Chinese is not the problem. Australia never suffered because of that and we do have Chinatown and it's great.
It's some other Asians that can be a problem and Serbia does not have to worry about that.

Pathetic Serbs.

Pathetic Serbs.
(Avni, 7 November 2012 19:33)
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I don't know what is more sad, that a comment like that was even allowed to be posted or the fact that 2 people voted thumbs up for it.

You people, Avni and the losers who liked his comment, you are obsessive freaks for Serbia that you take time out of your day to come on a Serbian forum just to spew hatred.

But probably more sad than your insanity is the irony behind all of it. The Albanians in KiM survive hand to mouth off Western hand outs-not investments but charitable donations. That is the definition of pathetic.

More great news. Why has it taken so long to establish stronger relations with both Russia and China? Well, the obvious answer is that now we have a government generally helping Serbia rather than some foreign interests and nations.

So two big ticks, one for investing in energy and the other in infrastructure. The main point here is that this initially generates revenue to repay the loans (which are low interest when coming from China). Once paid, it goes into our budget.

Of significance also is that China has the know-how with infrastructure so Serbian companies can learn a lot. For instance, China recently built the world's longest tunnel (some 80+ kilometers) and the worlds longest bridge in record time (four years).

Lets keep these positive developments going and let the doubters eat their words.

"More great news."

What exactly is great in having more debts?

"Why has it taken so long to establish stronger relations with both Russia and China? Well, the obvious answer is that now we have a government generally helping Serbia rather than some foreign interests and nations."

China and Russia have only altruistic motives. Absolutely..

"So two big ticks, one for investing in energy and the other in infrastructure."

One requires that Russian companies must be involved, the other one demands that Chinese worker carry out the work. Brilliant!

"The main point here is that this initially generates revenue to repay the loans (which are low interest when coming from China). Once paid, it goes into our budget."

Not really when Serbian workers predominantly just hold the watcher position. In fact, China and Russia cleverly involve their companies and workers while still earning interest rates.

"Of significance also is that China has the know-how with infrastructure so Serbian companies can learn a lot. For instance, China recently built the world's longest tunnel (some 80+ kilometers) and the worlds longest bridge in record time (four years)."

There is no significant know-how behind that. China has simply legions of workers who live on 500 RMB (50 Euro) per month in small boxes near the construction sites.

"Lets keep these positive developments going and let the doubters eat their words.(Zoran, 7 November 2012 18:58)"

Good luck, you will need it.

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia. At least I will know were to go to get good authentic Chinese food how far do they deliver.

lol @ Zoran thinking it's "great news" that Serbia needs to borrow billions because BRIC

LOL! Talk about jealousy. Well my doubters, there is nothing wrong with taking out loans to improve revenue producing infrastructure and energy. BTW, seems some of you guys can't even read. Both Chinese and Serbian companies will share construction responsibilities (close to the 50/50 mark).

My only criticism is that US$ are being used instead of euros (which is likely to depreciate more than the US$).

Anyway, plenty of sour grapes to chew on. I look forward to see you guys eating them in future. Cheers!

The Albanians in KiM survive hand to mouth off Western hand outs-not investments but charitable donations.
(Ari Gold, 7 November 2012 21:15)
--
You are too generous in your assumption. Since "Kosova"* joined the World Bank and IMF, it has been taking out loans to support its budget. In fact, it had to sell "its state" energy firm to Turkey for €26 mil to help pay some of those debts.

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia. At least I will know were to go to get good authentic Chinese food how far do they deliver.
(Lenard, 7 November 2012 19:03)

@Lenard,
Can we order some chicken wings with shrimp fried rice, and I was wondering too, how long do I have to wait for delivery!

You people, Avni and the losers who liked his comment, you are obsessive freaks for Serbia that you take time out of your day to come on a Serbian forum just to spew hatred.

(Ari Gold, 7 November 2012 21:15) Ya people dose Ari have to come on the site from his busy Serbia schedule and beret you shish. Learn from me to leave positive comments or you definitely will not be popular with the Serbs like I'm capish. Ya obsession for everything Serbiana man really.

Both Chinese and Serbian companies will share construction responsibilities (close to the 50/50 mark).
(Zoran, 7 November 2012 21:34)

Why? When I get a loan, it is up to me what I do with the money. The bank cannot tell me to hire people who work for the bank, too. The bank can only demand that your solvency is not compromised and on that basis to put conditions, but that's it. Everything else are just strings to the disadvantage to the debtor which is not justified since the bank gets interest rates.

It is up to you what you do. It's your country. Just don't claim that it is advantageous, because it is not. The truth is that this is only another very vivid example where countries like Russia and China can twist and blackmail Serbia for their political good will and you embarrassingly even smile and laugh. Like a pathetic puppet at strings.

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia....
(Lenard, 7 November 2012 19:03)

At least it's better than having a mosque on every corner like your beloved Croatia. With the Chinese you will prosper, what will you get from 10,000 mosques?

" Both Chinese and Serbian companies will share construction responsibilities"

ya. In other words, half the borrowed money goes back to China and then it needs to get paid back.

Math question: if country A gets $1.8 billion at X% interest rate from country B, but $900 million of that goes back to country B in a form that excludes the interests themselves (e.g., paying workers and companies of country B), what is the real interest rate country A is paying?
Answers:
1) X
2) 2X
3) 4X
4) 8X

Zoran, 8 November 2012 12:43)
And with Russia owning 51%of the company, after the investment is paid back which country is the bulk of that money going to end up going?
Do you really think Russia is going to invest 2 billion so Serbia can sit back and collect all the profits. It will probably be 15-20 years before Serbia actually sees any of the actual profits.
And is this not the 2nd loan from China were half or more of the money is invested in the Chinese economy?
Please, if someone sends you an email that says you won a bunch of money and all you have to do is send them your bank account information for a deposit, do not reply this is called a Nigerian Scam.

Welcome Serbia. China is also the bank for the USA.

"My only criticism is that US$ are being used instead of euros (which is likely to depreciate more than the US$)."
(Zoran, 7 November 2012 21:34)

Why not use Serbian Dinars? With the Serbian inflation rate of 10% and current money devaluation paying back the loans in 10 years should be easy. LOL

"Why? When I get a loan, it is up to me what I do with the money."

Because maybe they wouldn't give such a large loan if they didn't get participation with their companies. The 50/50 is used to help bring in the deal.
I think Serbia needs a subway system though - one which goes under the Danube and/or Sava. If Serbia's economy ever really picks up they should build one.

Well, anyway my doubters, just like you all laughed at the NIS deal, you will eat humble pie once again. Russia will have invested €2 billion into NIS, we have a new refinery and will shortly export euro quality fuel to all of our neighbours, including EU members Romania and Bulgaria.

As for the other nonsense, there are always strings attached to loans. Go and get one from the World Bank and IMF. In the end, you lose all of your state assets with the conditions they set and the interest rates are high. Serbia is finally moving ahead, investing in project that will certainly provide revenue. When the roads are finished, we start collecting tolls. When the energy projects are finished, we start exporting it. The important thing is that they get finished as soon as possible and Serbia, China and Russia end up with a win-win situation. Much better than what we get with the EU and US.

A loan from the chinese or a loan from the IMF? What's the difference? A loan from the chinese doesn't pass by built in US

control of the IMF which has been begging for chinese, russian and japanese money (Lagarde's tour of desperation). Bilateral deals

are much more straight forward and at least the loan is for modernization. What a bunch of cassandra's you are.

Albanian commenters, look closer to home (via BIS):

World Bank Pans Power Privatization in Albania

http://www.balkaninsight.com/en/article/world-bank-pans-power-privatization-in-albania

Angry Czechs May Quit Albania Power Market

http://www.balkaninsight.com/en/article/angry-czechs-may-quit-albania-power-market

Pathetic Serbs.

You people, Avni and the losers who liked his comment, you are obsessive freaks for Serbia that you take time out of your day to come on a Serbian forum just to spew hatred.

(Ari Gold, 7 November 2012 21:15) Ya people dose Ari have to come on the site from his busy Serbia schedule and beret you shish. Learn from me to leave positive comments or you definitely will not be popular with the Serbs like I'm capish. Ya obsession for everything Serbiana man really.

More great news. Why has it taken so long to establish stronger relations with both Russia and China? Well, the obvious answer is that now we have a government generally helping Serbia rather than some foreign interests and nations.

So two big ticks, one for investing in energy and the other in infrastructure. The main point here is that this initially generates revenue to repay the loans (which are low interest when coming from China). Once paid, it goes into our budget.

Of significance also is that China has the know-how with infrastructure so Serbian companies can learn a lot. For instance, China recently built the world's longest tunnel (some 80+ kilometers) and the worlds longest bridge in record time (four years).

Lets keep these positive developments going and let the doubters eat their words.

lol @ Zoran thinking it's "great news" that Serbia needs to borrow billions because BRIC

Pathetic Serbs.
(Avni, 7 November 2012 19:33)
# Comment link
Recommend (+2)
Poor comment (0)

I don't know what is more sad, that a comment like that was even allowed to be posted or the fact that 2 people voted thumbs up for it.

You people, Avni and the losers who liked his comment, you are obsessive freaks for Serbia that you take time out of your day to come on a Serbian forum just to spew hatred.

But probably more sad than your insanity is the irony behind all of it. The Albanians in KiM survive hand to mouth off Western hand outs-not investments but charitable donations. That is the definition of pathetic.

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia. At least I will know were to go to get good authentic Chinese food how far do they deliver.
(Lenard, 7 November 2012 19:03)

@Lenard,
Can we order some chicken wings with shrimp fried rice, and I was wondering too, how long do I have to wait for delivery!

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia. At least I will know were to go to get good authentic Chinese food how far do they deliver.

"More great news."

What exactly is great in having more debts?

"Why has it taken so long to establish stronger relations with both Russia and China? Well, the obvious answer is that now we have a government generally helping Serbia rather than some foreign interests and nations."

China and Russia have only altruistic motives. Absolutely..

"So two big ticks, one for investing in energy and the other in infrastructure."

One requires that Russian companies must be involved, the other one demands that Chinese worker carry out the work. Brilliant!

"The main point here is that this initially generates revenue to repay the loans (which are low interest when coming from China). Once paid, it goes into our budget."

Not really when Serbian workers predominantly just hold the watcher position. In fact, China and Russia cleverly involve their companies and workers while still earning interest rates.

"Of significance also is that China has the know-how with infrastructure so Serbian companies can learn a lot. For instance, China recently built the world's longest tunnel (some 80+ kilometers) and the worlds longest bridge in record time (four years)."

There is no significant know-how behind that. China has simply legions of workers who live on 500 RMB (50 Euro) per month in small boxes near the construction sites.

"Lets keep these positive developments going and let the doubters eat their words.(Zoran, 7 November 2012 18:58)"

Good luck, you will need it.

Pathetic Serbs.
(Avni, 7 November 2012 19:33)
==========================

Pathetic, really? How much is "Kosova" able to borrow?
You live from charity. The fact that Serbia can borrow from others is a sign that Serbia is a safe country. Every country borrows from somewhere but how much is determined by the lender and how safe they think their investment is. China has been behind Serbia all the way. This is great news.

Pathetic Albanians is more like it.

LOL! Talk about jealousy. Well my doubters, there is nothing wrong with taking out loans to improve revenue producing infrastructure and energy. BTW, seems some of you guys can't even read. Both Chinese and Serbian companies will share construction responsibilities (close to the 50/50 mark).

My only criticism is that US$ are being used instead of euros (which is likely to depreciate more than the US$).

Anyway, plenty of sour grapes to chew on. I look forward to see you guys eating them in future. Cheers!

Well, anyway my doubters, just like you all laughed at the NIS deal, you will eat humble pie once again. Russia will have invested €2 billion into NIS, we have a new refinery and will shortly export euro quality fuel to all of our neighbours, including EU members Romania and Bulgaria.

As for the other nonsense, there are always strings attached to loans. Go and get one from the World Bank and IMF. In the end, you lose all of your state assets with the conditions they set and the interest rates are high. Serbia is finally moving ahead, investing in project that will certainly provide revenue. When the roads are finished, we start collecting tolls. When the energy projects are finished, we start exporting it. The important thing is that they get finished as soon as possible and Serbia, China and Russia end up with a win-win situation. Much better than what we get with the EU and US.

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia. At least I will know were to go to get good authentic Chinese food how far do they deliver.
(Lenard, 7 November 2012 19:03)
===========================

Being flooded with Chinese is not the problem. Australia never suffered because of that and we do have Chinatown and it's great.
It's some other Asians that can be a problem and Serbia does not have to worry about that.

Soon Serbia will be flooded with Chinese with the first China town in the Balkans Belgrade Chrbia....
(Lenard, 7 November 2012 19:03)

At least it's better than having a mosque on every corner like your beloved Croatia. With the Chinese you will prosper, what will you get from 10,000 mosques?

"My only criticism is that US$ are being used instead of euros (which is likely to depreciate more than the US$)."
(Zoran, 7 November 2012 21:34)

Why not use Serbian Dinars? With the Serbian inflation rate of 10% and current money devaluation paying back the loans in 10 years should be easy. LOL

Math question: if country A gets $1.8 billion at X% interest rate from country B, but $900 million of that goes back to country B in a form that excludes the interests themselves (e.g., paying workers and companies of country B), what is the real interest rate country A is paying?
Answers:
1) X
2) 2X
3) 4X
4) 8X

The Albanians in KiM survive hand to mouth off Western hand outs-not investments but charitable donations.
(Ari Gold, 7 November 2012 21:15)
--
You are too generous in your assumption. Since "Kosova"* joined the World Bank and IMF, it has been taking out loans to support its budget. In fact, it had to sell "its state" energy firm to Turkey for €26 mil to help pay some of those debts.

" Both Chinese and Serbian companies will share construction responsibilities"

ya. In other words, half the borrowed money goes back to China and then it needs to get paid back.

Both Chinese and Serbian companies will share construction responsibilities (close to the 50/50 mark).
(Zoran, 7 November 2012 21:34)

Why? When I get a loan, it is up to me what I do with the money. The bank cannot tell me to hire people who work for the bank, too. The bank can only demand that your solvency is not compromised and on that basis to put conditions, but that's it. Everything else are just strings to the disadvantage to the debtor which is not justified since the bank gets interest rates.

It is up to you what you do. It's your country. Just don't claim that it is advantageous, because it is not. The truth is that this is only another very vivid example where countries like Russia and China can twist and blackmail Serbia for their political good will and you embarrassingly even smile and laugh. Like a pathetic puppet at strings.

"Why? When I get a loan, it is up to me what I do with the money."

Because maybe they wouldn't give such a large loan if they didn't get participation with their companies. The 50/50 is used to help bring in the deal.
I think Serbia needs a subway system though - one which goes under the Danube and/or Sava. If Serbia's economy ever really picks up they should build one.

Welcome Serbia. China is also the bank for the USA.

A loan from the chinese or a loan from the IMF? What's the difference? A loan from the chinese doesn't pass by built in US

control of the IMF which has been begging for chinese, russian and japanese money (Lagarde's tour of desperation). Bilateral deals

are much more straight forward and at least the loan is for modernization. What a bunch of cassandra's you are.

Albanian commenters, look closer to home (via BIS):

World Bank Pans Power Privatization in Albania

http://www.balkaninsight.com/en/article/world-bank-pans-power-privatization-in-albania

Angry Czechs May Quit Albania Power Market

http://www.balkaninsight.com/en/article/angry-czechs-may-quit-albania-power-market

Zoran, 8 November 2012 12:43)
And with Russia owning 51%of the company, after the investment is paid back which country is the bulk of that money going to end up going?
Do you really think Russia is going to invest 2 billion so Serbia can sit back and collect all the profits. It will probably be 15-20 years before Serbia actually sees any of the actual profits.
And is this not the 2nd loan from China were half or more of the money is invested in the Chinese economy?
Please, if someone sends you an email that says you won a bunch of money and all you have to do is send them your bank account information for a deposit, do not reply this is called a Nigerian Scam.