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East China’s trade hub Yuyao taps Central and Eastern European market with passion, innovation

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9 months ago

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Eastern European

YUYAO, CHINA – Media OutReach Newswire – 22 May 2025 – From May 22 to 25, the fourth China-Central and Eastern European Countries Expo & International Consumer Goods Fair will be held in Ningbo, a port city in Zhejiang Province, eastern China, according to the event’s executive committee. The event showcases a series of collaborative projects between China and CEEC, highlighting the achievements in various sectors.
A VR entertainment initiative co-developed by China and Hungary under the China-Central and Eastern European cooperation framework is featured at the expo, offering visitors an immersive experience in a magical forest while wearing VR goggles, allowing them to soar to colorful romantic islands on the back of a fairy’s magic carpet.

Zhang Mingming, general manager of the Ningbo Central and Eastern European Innovation Base, noted the all-encompassing support from the Central and Eastern European International Industrial Cooperation Park and the Yuyao Investment Promotion Center during the project’s development.

“With their assistance, we connected with Ningbo Fantawild, established the project’s operational base, and quickly completed business registration, site decoration, and contract negotiations, which earned us praise from the Hungarian side,” he said.

As a major manufacturing hub and export-driven economy, Yuyao has long been a key player in Ningbo and Zhejiang’s opening up to international markets.

The city is home to the province’s first Sino-Japanese joint venture and the China-Italy (Ningbo) Ecological Park, among other landmark projects. In 2020, the China-Central and Eastern European International Industrial Cooperation Park was officially established, becoming a crucial platform for enhancing economic cooperation with Central and Eastern Europe.

In addition to the industrial cooperation park, numerous private enterprises in Yuyao are actively expanding their operations in Central and Eastern Europe. Several Yuyao-made products have already become part of consumers’ lives in the region.

For example, products developed by Zhejiang Biyi Electric Appliance Co., Ltd., including coffee machines and air fryers, have entered the markets of eight Central and Eastern European countries, with exports to the region up by nearly 90% in 2024. From January to April this year, the company’s exports to the region increased by over 50% year on year.

Similarly, Ningbo Fuda Intelligent Technology, has seen significant success in the Central and Eastern European market since entering Poland five years ago. The company has exported mobile air conditioners and dehumidifiers to five Central and Eastern European countries.

“Thanks to our years of dedicated development in the Central and Eastern European market, we have seen a surge in shipments since 2025, with sales increasing nearly 180% from January to April 2025,” said Fang Zhihao, deputy general manager of Fuda, emphasizing the market’s vast potential.

In late March, Ningbo organized a delegation of over 40 companies, including Biyi Electric Appliance and a local hot spring resort, to explore opportunities in Central and Eastern Europe. They attended the China-Hungary trade and investment matchmaking conference and visited various enterprises and institutions in Central and Eastern Europe to generate interest for the upcoming expo, according to the information office of Yuyao.

Statistics from Yuyao customs showed that from January to April this year, the total value of imports and exports by private enterprises in Yuyao reached 30.27 billion yuan, a year-on-year increase of 18.3%, accounting for 80.3% of the city’s foreign trade. More than 900 Yuyao businesses export to Central and Eastern Europe, with an export value of 1.88 billion yuan, up 24.1% from last year.

The continued expansion of Yuyao enterprises in the Central and Eastern European markets is supported by a series of facilitative government measures.

To assist local businesses in accelerating exports to Central and Eastern European countries, Yuyao customs has promoted self-printed certificates of origin, ensuring quick access for businesses. From January to April this year, Yuyao customs issued 539 certificates of origin for exported goods to Central and Eastern Europe, valued at 143 million yuan, representing year-on-year increases of 10% and 35.92%, respectively.

Recognizing the region’s abundance of specialized, innovative small- and medium-sized enterprises, Yuyao customs has leveraged its customs credit accreditation policies to establish a target list of 46 specialized “little giant” enterprises, providing advanced certification policy guidance to five firms, successfully nurturing Fengmao Technology into a customs AEO (Authorized Economic Operator) certified enterprise.

In March this year, Yuyao announced plans for 2025 to implement initiatives to nurture industrial leaders, facilitate industry upgrading, promote enterprise going-global and encourage private firms to lead overseas venture along Belt and Road countries, among others.

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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2 days ago

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February 6, 2026

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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2 days ago

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February 6, 2026

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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2 days ago

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February 6, 2026

By

ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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