Georgian external trade at $23.43 billion in 2024, up by 8% y/y – Statistics Office

Georgia’s external trade turnover amounted to $23.43 billion in 2024, posting an eight percent year-on-year increase, with the list of top trading partners of the county topped by Turkey with $3.22 billion, Russia with $2.53 billion and the United States with $2.18 billion. Georgia’s external trade turnover amounted to $23.43 billion in 2024, posting an … Read more

The amounted of €3.7 billion was reached by Serbian export of ICT services in the first 11 months of 2024

Mihailo Jovanović, Director of the Office for IT and eGovernment reported that the total export of information and communication technology (ICT) services from Serbia for the period January to November 2024 surpassed the record set during the same period in 2023 and attained €3.712 billion.
Jovanović stated that the total export of ICT services has already exceeded the previous record year, 2023, in January- November 2024, while exports reached €3.44 billion, showing a 20% increase compared to the same period in 2023 and totally attaining €3.712 billion in the first eleven months of 2024. The projection that the figure of €4 billion will have been surpassed by the end of 2024 is supported by this data.
The announcement says that in November 2024 ICT service exports reached €371 million (a 20% increase compared to November 2023). In January – November 2024 the surplus in ICT services attained €2.916 billion.
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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A resumption of Ukraine’s port concessions is planned for 2025

First Deputy Prime Minister, Economy Minister Yulia Sviridenko told Robert Maersk Uggla, chairman of the Board of Directors of the Danish transport and logistics company A.P. Moeller-Maersk, at a meeting on the sidelines of the World Economic Forum in Davos, that Ukraine is planning to step up privatization and resume public-private partnerships, including concession projects at several ports.
Ukrainian media cited a statement posted by Sviridenko on a social network after the meeting claiming that the initiatives were aimed at upgrading transport infrastructure and improving trade logistics. The Minister also mentioned the invitation of Maersk to explore and support these options.
According to Sviridenko, investments in Ukraine’s transport sector had also been discussed.
One of the pre-crisis projects was a 35-year concession of Olvia port assets by Qatari QTerminals Olvia in December 2021. They estimated company’s investment at UAH 3.4 billion, and UAH 80 million was also supposed to be invested by the company in the construction of a tunnel under a rail line in the Korabelny district in Nikolayev.
As Former Deputy Prime Minster, Minister for Development of Communities, Territories and Infrastructure Alexander Kubrakov said at Ukraine Recovery Conference 2023 in London, interest in concession projects at the Chernomorsk seaport had been shown by five big companies.
NH Logistics UKR has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Ukraine and Eurasia, supporting many clients with their import/export shipments.

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Ukraine planning to resume port concessions in 2025

Ukraine is planning to step up privatization and resume public-private partnerships, including concession projects at several ports, First Deputy Prime Minister, Economy Minister Yulia Sviridenko told Robert Maersk Uggla, chairman of the Board of Directors of the Danish transport and logistics company A.P. Moeller-Maersk, at a meeting on the sidelines of the World Economic Forum … Read more

Export of ICT services amounted to €3.7 billion in the first 11 months of 2024

The total export of information and communication technology (ICT) services from Serbia for the period January to November 2024 amounted to €3.712 billion, surpassing the record set during the same period in 2023, according to Mihailo Jovanović, Director of the Office for IT and eGovernment. “In the first 11 months of 2024, the total export … Read more

Deputy Economy Minister reports that “record highs” were hit by Georgia’s export, import, overall external trade in 2024

As Vakhtang Tsintsadze, the Deputy Economy Minister of Georgia, said on Monday, “record” figures in both exports and imports, contributing to similarly high external trade turnover numbers, were achieved in 2024.
He emphasised on the programmes aimed at boosting the competitiveness of small and medium-sized enterprises and fostering local production implemented by the Government.
The growth of economic activity is anticipated, the overall economic landscape is expected to be enhanced and incomes of the population to be improved in the coming years.
According to The National Statistics Office, today the country’s external trade turnover achieved $23.42 billion last year (an eight percent year-on-year increase), exports grew up by 7.8 percent ($6.56 billion), while imports increased by 8.1 percent ($16.86 billion in total).
NH Logistics GEO has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Georgia and Eurasia, supporting many clients with their import/export shipments.

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Third direct route to China is launched by Air Serbia

A third direct air route to China has been recently added by Serbian national carrier Air Serbia.
Now there are direct flights from Belgrade to Guangzhou, Tianjin and Shanghai.
Air Serbia’s Chief Executive Officer Jiri Marek came to Shanghai with the first flight on January 11 and visited the headquarters of Chinese online travel agency Trip.Com Group. There is a mutual visa exemption agreement for tourists between the two countries since 2016.
Both countries eliminated tariffs on 90 percent of the goods imported from each other according to the China-Serbia Free Trade Agreement that came into effect last July.
As Serbian President Aleksandar Vucic said during Air Serbia’s Belgrade-Shanghai inaugural flight ceremony on Jan. 10, bilateral trade between China and Serbia almost achieved EUR7 billion (USD7.2 billion) last year. Serbia accepted nearly 147,000 Chinese tourists in the period.
From Chinese part, Hainan Airlines has launched flights from Beijing to Belgrade since July 2022, and China Southern Airlines launched direct flights on the Guangzhou – Belgrade route last September.
China’s international flight network layout has tended towards countries along the Belt and Road Initiative after the Covid-19 pandemic. 178 airlines have been approved to fly between China and 79 countries by the Civil Aviation Administration of China this winter-spring season. 57 of them were BRI countries (10,326 weekly flights or 53 percent of the total).
NH Logistics SER has been offering IOR Importer of Record and EOR Exporter of Record services since 2001 and is a market leader in Serbia and Eurasia, supporting many clients with their import/export shipments.

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Ukraine’s foreign trade deficit in goods up 3.6% in 11 months of 2024 – State Statistics Service

Ukraine’s foreign trade deficit in goods grew 3.6% to $25.239 billion in January-November 2024, versus $24.365 billion in the respective period of 2023, Ukrainian media said, citing the State Statistics Service. Ukraine enlarged exports by 16.5% to $38.423 billion and imports by 11% to $63.662 billion in the reporting period, the service said. According to … Read more

Air Serbia Launches Third Direct Route to China as Economic Ties Deepen

Serbian national carrier Air Serbia has recently added a third direct air route to China, as the economic and trade relationship between the country continues to deepen. In addition to direct flights from Belgrade to Guangzhou and Tianjin, Air Serbia has also added one to Shanghai, which will run two round-trip weekly flights. The maiden … Read more

Georgia’s export, import, overall external trade hit “record highs” in 2024 – Deputy Economy Minister

Vakhtang Tsintsadze, the Deputy Economy Minister of Georgia, on Monday said 2024 had seen “record” figures in both exports and imports, contributing to similarly high external trade turnover numbers. Vakhtang Tsintsadze, the Deputy Economy Minister of Georgia, on Monday said 2024 had seen “record” figures in both exports and imports, contributing to similarly high external … Read more