European Institute for One Belt One Road Economic and Cultural Cooperation and Development (EUOBOR) was established in 2015.

“One Belt and One Road” (OBOR) refers to the “Silk Road Economic Belt” and the “21st Century Maritime Silk Road”, which are concepts on economic cooperation proposed by Chinese President XI Jinping in September and October 2013 successively. Up to now, more than 100 countries and international organizations have joined the initiative and over 40 of them have cooperation agreements with China. Chinese businesses have helped build 56 economic and trade cooperation zones in 20 countries along the Belt and Road, with total investment exceeding 18 billion U.S. dollars, helping generate over 1 billion U.S. dollars in tax revenue and more than 160,000 jobs.

OBOR is an idea to advocate cooperation and development by utilizing the existing bilateral and multilateral mechanisms of China and relevant countries and regions as well as the current effective platforms for regional cooperation. Using the historical symbol of “Silk Road” and holding high the banner of peaceful development, China aims to develop economic and cooperative relationship actively with countries and regions along the OBOR and to build a community jointly with common interest, future and responsibility, thus realizing political mutual trust, economic integration and cultural tolerance.

European Institute for One Belt One Road Economic and Cultural Cooperation and Development is structured to respond to the OBOR initiative suggested by China and promote a friendly and mutually beneficial cooperation between European Union, other European countries and China in economic and cultural fields, thereby impelling the progress and development of the society together. The Institute establishes channels for smooth communication and exchange between Chinese government and European governments, operates a platform for cooperation of European and Chinese enterprises and institutions to push forward the development and execution of the cooperative projects. The Institute also carries out discussion and research on economic topics and issues with European and Chinese research institutes and holds culturalex changes activities between Europe and China.

The Institute is incorporated in Hungary as an independent non-profit legal entity and is headquartered in Budapest, the capital of Hungary. Hungary is the first European country to enter into the “OBOR” cooperation document with China.

The President of the Institute is Mr. LI Zhen, an economic research scholar and other funding directors include the former director of Institute of World Economics, Hungarian Academy of Sciences, and the former Hungarian ambassador to China.