Tatyana Gracheva

Kazakhstan, Serbia Pledge to Deepen Strategic Partnership, Expand Trade and High-Tech Cooperation

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Presidents Kassym-Jomart Tokayev and Aleksandar Vučić reaffirmed their commitment to strengthening the Kazakhstan-Serbia strategic partnership during high-level talks on Feb. 27.The negotiations, held in both narrow and expanded formats, focused on expanding trade and investment, as well as cooperation in high-tech sectors, including artificial intelligence, information technology, energy and the defense industry. The visit carries … Read more

Azerbaijan-Georgia trade up 6.5% in January

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Trade turnover between Azerbaijan and Georgia totaled $77.9 million in January 2026, 6.5% higher compared to the same period last year, according to data from the State Customs Committee of Azerbaijan, Report informs. During the reporting month, trade with Georgia accounted for 2.2% of Azerbaijan’s total trade turnover. Over the year, Azerbaijan’s exports to Georgia … Read more

Geostat reports a 23.6% decline of Georgia’s foreign trade turnover in January 2026 compared with last year

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Geostat reports that Georgia’s foreign trade turnover reached $1.609bn in January 2026. It is a 23.6% decline compared with the same period last year. Exports increased by 19% year on year and reached $480.4m. The downfall of imports was 33.7% to $1.129bn. This caused the country’s foreign trade negative balance ($649.1m).
The ten largest trading partners accounted for 67.9% of Georgia’s total foreign trade turnover. The country’s biggest partners were Turkey ($247.1m), China ($223.3m), and Russia ($195.4m). Notably, the United States have lost their place among Georgia’s top three trading partners.
China ($66.1m), Turkey ($52.1m), and Kyrgyzstan ($49.9m) were the top three leading export destinations (74.5% of total exports).
46.7% of exports was accounted for CIS countries, 16.1% for European Union member states and 37.2% for other countries.
Passenger cars ($100.7m, or 21% of total exports), oil and petroleum products ($58.7m, or 12.2%), and precious metal ores ($51.0m, or 10.6%) were the leading export goods.
Turkey ($195m), China ($157.3m), and Russia ($156.8m) were among the ten largest partners (71.4% of imports).
23.4% of imports was accounted for the European Union, 23.3% for CIS countries, and 53.3% for other countries. The largest share of imports was represented by passenger cars ($150.0m, 13.3%). Then followed oil and petroleum products ($96.7m, 8.6%) and petroleum gas ($79.1m, 7%).
According to economist Roman Gotsiridze, Georgia has become embroiled in a major scandal. The question is that a country with no operating oil refinery exported $56m worth of refined petroleum products in January 2026.
In 2025, 151,700 tonnes of refined fuel worth $79.5m were exported from Georgia, mainly in November and December. Meanwhile, in October 2025 Georgia imported 105 tonnes of Russian crude oil to the Kulevi refinery, which is still under construction and has not been put under operation yet.
Experts suggest some explanations. The first supposition is that Russian diesel fuel or petrol may have been imported and then exported as Georgian product instead of crude oil. The second explanation is that Georgia may have imported semi-processed diesel fuel recorded as crude oil. Then, they added a small amount of other substances to “adjust” its quality through additives.
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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Poland and Ukraine: how trade partnerships can be mutually beneficial

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Post-war economic cooperation between the two countries could become an important factor in the development of the entire region Trade between Ukraine and Poland is showing steady growth despite periodic disagreements. In 2025, Ukrainian exports to Poland increased by 7.5% to $5.1 billion, while imports from Poland increased by 15% to $8 billion. Poland has … Read more

Serbian President Vučić to Pay Official Visit to Kazakhstan This Week

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President of Serbia Aleksandar Vučić will pay an official visit to Kazakhstan on Feb. 26-27 at the invitation of President Kassym-Jomart Tokayev. During the visit, the two Presidents will hold full-format high-level talks, reported Akorda. The Presidents are expected to discuss the current state and future prospects of Kazakh-Serbian relations, with a focus on strengthening … Read more

Geostat: Georgia’s foreign trade turnover down 23.6% in January 2026 compared with last year

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According to Geostat, Georgia’s foreign trade turnover in January 2026 totalled $1.609bn, down 23.6% compared with the same period last year. Exports reached $480.4m, an increase of 19% year on year, while imports fell by 33.7% to $1.129bn. As a result, the country’s foreign trade balance remained negative, at $649.1m. The ten largest trading partners … Read more

TBC Bank General is the main sponsor of the International Logistics Exhibition and Forum hosted in Tbilisi

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The International Transport and Logistics Exhibition and Forum will take place on March 12–13 in Expo Georgia in Tbilisi. It will be the second time the event takes place, with the support of TBC. Expo Georgia and consulting company Savvy organize the conference.
Support and development of a strategically important sector of the economy is the main objective of the international exhibition and forum. Local and international logistics companies, representatives of ports and railway operators, air carriers, investment and financial institutions, as well as import–export-oriented businesses will gether at the event.
Such key industry topics as the strategic importance of the Middle Corridor, development of the Zangezur route, sector challenges, investment attraction opportunities, and the dynamics of digital logistics development will be discussed during the two-day forum by participants.
Evidently, one of the strategic pillars of Georgia’s economy is the logistics sector. The reason is the country’s geographic location positions that link Europe and Asia. They increase Georgia’s transit potential and directly contribute to its economic activity. More than 6% of GDP account for the sector that showed stable growth in recent years.
Giorgi Darchiashvili, Director of Corporate Clients Services (Large and Medium Business) at TBC , acknowledges that logistics is a strategically important direction for TBC. He explains that the sector strengthens Georgia’s role in regional trade by uniting businesses involved in exports, as well as by supporting imports. Holding such events like this forum creates a platform for dialogue, knowledge sharing, and new partnerships, contributing to the sector’s sustainable long-term development. As a financial partner, TBC actively supports infrastructure projects, business expansion of its clients, and the implementation of modern technologies. This led to the growth of TBC’s logistics sector portfolio by 74% over the past three years and reaching GEL 436 million.

Georgia’s logistics sector has been demonstrating a steady development in recent years. So, its strategic importance for the country increases. This was the main motivation for launching the first exhibition and forum last year, which was highly successful. This year’s event is going to overcome the first one.
According to Resan Kikava, Director of Expo Georgia Today, it has already become an annual event and one of the most important industry platforms, bringing together local and international companies, investors, and industry professionals to share experience and jointly contribute to the development of the logistics sector in Georgia and across the wider region.
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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Ukraine presented 26 organic exporters at BIOFACH 2026 in Germany

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At the international BIOFACH 2026 trade fair in Nuremberg, Germany, Ukraine showcased its National Pavilion, where 26 companies highlighted the export potential of the country’s organic sector. According to Ukrinform, this was reported by the Ministry of Economy, Environment and Agriculture. The pavilion brought together producers from across Ukraine, presenting both organic raw materials and … Read more

President of Azerbaijan Visits Serbia: Trade Exchange Between the Two Countries 16 Times Higher Than in 2012

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President Aleksandar Vucic stated that cooperation between Serbia and Azerbaijan is growing in all spheres of social life, adding that he discussed economic cooperation with Ilham Aliyev and that, compared to 2012, trade exchange between the two countries has increased sixteenfold. “Not 16 percent – you heard me correctly – 16 times higher than it … Read more

Tbilisi to Host International Logistics Exhibition and Forum – General Sponsor: TBC Bank

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On March 12–13, Expo Georgia will host the International Transport and Logistics Exhibition and Forum in Tbilisi. Supported by TBC, the event will be held for the second time. The conference is organized by Expo Georgia and consulting company Savvy. The main objective of the international exhibition and forum is to support and develop a … Read more