Belarus has agreed to donate eight surplus MiG-29 ‘Fulcrum’ fighter aircraft plus two Buk-M1 surface-to-air missile (SAM) air defence systems to Serbia. Serbian defence minister Zoran Djordjevic said that the equipment was donated free of cost, although Serbia will pay for the general overhaul and modernisation of the equipment in Belarus. Source IHS Jane’s 360
GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.
The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.
Singapore stands ready to partner China to jointly build the Belt and Road Initiative, Singapore’s Minister for National Development and Second Minister for Finance Lawrence Wong said on Tuesday. Source: China Daily
Cambodian authorities have signed an $880 million contract with Chinese companies, allowing the latter to build a new international airport in Siem Reap next year. Source: People’s Daily
The International Monetary Fund increased its estimate for China’s average annual growth rate through 2020, while warning that it would come at the cost of rising debt that increases medium-term risks to growth. China’s economy will expand at an average pace of 6.4% annually from 2017 through 2020. Source: China Economic Review