Serbia’s current account deficit expanded by an annual 5% in the first nine months of 2025, reaching 2.752 billion euro ($3.170 billion), the central bank, NBS, said In January-September, the deficit in trade of goods rose by 1% on the year to 4.867 billion euro, while the surplus in trade of services narrowed by 11% … Read more
Officials pose for a photo at the opening ceremony of KOTRA’s new Tbilisi trade office on Friday in the Georgian capital. From left: Kim Hyung-shin, head of Korea Water Resources Corporation’s Georgia office; Kim Hyon-du, South Korean ambassador to Georgia, Kang Kyung-sung, KOTRA president, Tamar Ioseliani, Georgian deputy minister of economy and sustainable development, Aleksandre … Read more
A proposal to extend trade preferences for certain agricultural products from Western Balkan countries until 2030, with the aim of ensuring the sustainable economic development of partners from the region, will be the subject of voting in the European Parliament tomorrow.
The existing regulation of the European Parliament and the Council of the EU, valid until 31 December, exempts fruit and vegetables exported from Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia from specific customs duties, and grants access to the global customs quota for wine originating from the Western Balkans.
According to the European Commission, it is necessary to support the vulnerable economies of the Western Balkans region. It also recommends further extension of the application of the Regulation on exceptional trade measures for countries and territories participating in or associated with the Stabilization and Association Process for a further five years, until 31 December 2030.
Also, the report by rapporteur Kris Van Dijk on the proposed amendment to the regulation was adopted by the Committee on International Trade in October, with the recommendation to the European Parliament to approve the proposal.
As the European Parliament’s website stated, the extension of these measures aligns with the EU Growth Plan for the Western Balkans and entails closer integration of the region into the EU’s single market.
Also, the countries must comply with the definition of products of origin, commit not to increase tariffs or restrictions on goods imported from the EU, and refrain from “engaging in serious and systemic violations of human rights, including fundamental workers’ rights, and respect the principles of democracy and the rule of law of the region to benefit from these preferences.
Other necessary factors are economic reforms and cooperation with other countries, particularly in establishing a regional free trade area.
If a country fails to meet its obligations, it will face a full or partial suspension of trade preferences.
In 2024, the volume of trade between the EU and Western Balkan countries overpassed 83 billion euros. Almost 78 per cent of the region’s total exports and 59 per cent of its imports make the European Union the leading trading partner of the region.
Van Dijk justifies the proposal, saying that these measures covered trade that increased by more than 125 per cent between 2018 and 2024, from 60.5 million euros to 137 million euros.
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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Exports of goods from the country decreased by 4.1% year-on-year over nine months Ukraine’s negative foreign trade balance in goods in January-September 2025 increased by 50% year-on-year, from $20.4 billion to $30.62 billion, according to data from the State Statistics Service (SSS). Exports of goods from Ukraine in the first nine months fell by 4.1% … Read more
The European Parliament will vote tomorrow on a proposal to extend trade preferences for certain agricultural products from Western Balkan countries until 2030, with the aim of ensuring the sustainable economic development of partners from the region. Under the existing regulation of the European Parliament and the Council of the EU, which is valid until … Read more
The throughput capacity of the Baku-Tbilisi-Kars (BTK) railway is planned to be tripled by the end of 2025, Ketevan Kebuladze, Deputy Head of Export Promotion Department, Enterprise Georgia, Ministry of Economy and Sustainable Development, Georgia, said at the presentation of the Asian Development Bank (ADB) report “Monitoring Small and Medium Enterprises in Asia 2025” (ASM … Read more
According to the Chamber of Commerce and Industry of Serbia, the Representative Office of the Chinese Chamber of Commerce, which brings together more than 300,000 companies, will appear in Belgrade soon.
The President of the Chinese Chamber of Commerce, Ren Hongbin, informed the President of the Serbian Chamber of Commerce, Marko Čadež at a meeting in Beijing about the beginning of the formal procedure for establishing the representative office of this business association in Serbia.
As Čadež said after the meeting with Hongbin, with whom he opened the major Belt and Road forum, the arrival of the Chinese Chamber of Commerce opens up enormous opportunities for cooperation between the two countries’ economies.
According to him, Serbia should be a “smart crossroads” in the new chapter of the Belt and Road initiative, and a major regional hub for innovative start-ups and IT companies.
Čadež said that they discussed elevating the Belt and Road initiative to a higher level, looking at how we can integrate more deeply when it comes to the green economy, sustainability and, above all, digitalization. It is a great honour for Serbia that China has recognized its potential to serve as a kind of smart crossroads.
Another honourable invitation was to open the conference in China together with the President of the Chinese Chamber of Commerce.
Other issues aimed at strengthening cooperation, including China’s participation in the specialized EXPO 2027 exhibition in Belgrade, were also discussed by Čadež and Hongbin.
Hongbin takes a direct responsibility for China’s participation in this exhibition. The Chinese pavilion is expected to be one of the most impressive.
Čadež said that he would return to China in three weeks to discuss the Land and Sea International Trade Corridor. Serbia founded it together with 18 other countries and initiated its digitalization. The countries also agreed to coordinate all digital cooperation between institutes, accelerators and start-up systems from Serbia.
More than 800 local and industrial associations across the country, as well as representative offices at the EU headquarters in Brussels, and in Italy, France, Poland and Russia, form a network of the Chinese Chamber of Commerce.
Around 30,000 employees work for Chinese companies in Serbia.
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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During this period, Ukraine imported goods worth $67.8 billion and exported goods worth $33.2 billion Ukraine’s trade turnover for January-October 2025 amounted to $101 billion, according to data from the State Customs Service. During this period, goods worth $67.8 billion were imported into Ukraine, while exports amounted to $33.2 billion. Taxable imports amounted to $51.8 … Read more
The Representative Office of the Chinese Chamber of Commerce, which brings together more than 300,000 companies, will be opened in Belgrade soon, the Chamber of Commerce and Industry of Serbia announced today. The President of the Chinese Chamber of Commerce, Ren Hongbin, informed the President of the Serbian Chamber of Commerce, Marko Čadež, at a … Read more
During an official visit to China this week, Georgia and the People’s Republic of China reaffirmed their strategic partnership and explored ways to expand cooperation across trade, infrastructure, tourism, and investment. The visit coincided with Georgia’s role as guest of honor at the China International Import Expo (CIIE) in Shanghai, where more than 40 Georgian … Read more