Ukraine exported a record volume of over $3.8 billion worth of products in October 2024, which is 18.7% more than in September 2024, Ukrainian media have reported citing First Deputy Prime Minister and Economy Minister Yulia Sviridenko’s statement circulated by the ministry’s press service. “Significant growth in exports in October was possible due to increasing … Read more
The overall external trade in the Republic of Serbia for the period January-September 2024 amounted to: – USD 54858.5 million – which was an increase of 3.9% compared to the same period last year; – EUR 50489.0 million – which was an increase of 3.6% compared to the same period last year. The value of … Read more
The Forum is part of the China International Import Expo, a trade fair held annually in Shanghai. The Georgian delegation includes around 40 companies showcasing their products and services across three distinct pavilions, with the support of Enterprise Georgia, the state agency promoting entrepreneurship, investment and exports. Georgian Deputy Economy Minister Irakli Nadareishvili on Wednesday … Read more
According to the central bank, NBS, Serbia’s current account deficit widened to 2.46 billion euro ($2.66 billion) in the first eight months of the year from 664 million euro in the prior-year period.
Figures posted on the NBS website earlier this month show that the deficit in trade of goods rose by an annual 20% to 4.9 billion euro in January-August, while the surplus in trade of services fell down by 17% to 1.6 billion euro.
The increase of the gap in primary income attained 11% on the year and finally reached 2.69 billion euro in the first eight month of 2024, while the downfall of the surplus in secondary income equaled to 10% (3.57 billion euro).
Serbia’s current account gap fell from 556 million euro (August 2023) to 64 million euro (August 2024).
An improved energy balance and robust growth in manufacturing and services exports narrowed the country’s current account deficit to 1.81 billion euro in 2023 from 4.16 billion euro in 2022. Last year’s deficit equaled to 2.6% of GDP.
According to NBS governor Jorgovanka Tabakovic, the current account deficit will be trending at around 4–5% of GDP, sufficient to ensure the country’s external sustainability, this year and in the medium term, due to the anticipated pick-up in the investment cycle and the associated import of equipment and intermediate goods.
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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Two offices of Serbia’s chamber of commerce are opened in China
According to Serbia’s chamber of commerce (CCIS), two new offices have been opened in Beijing and Changsha, the Hunan province’s capital.
As Marko Cadez, CCIS president, said in a press release on Saturday, new opportunities for the placement of Serbian products on the Chinese market and cooperation with Chinese companies have been opened by the free trade agreement between Serbia and China, that was signed in October 2023 and entered into force on July 1, 2024. 10,412 Serbian products and 8,930 Chinese products are included in it.
According to Cadez, Serbian companies will be supported to start new businesses with Chinese partners or advance existing ones by new offices.
A representative CCIS office was opened in Shanghai four years ago.
Data from Serbia’s statistics office for 2023 report that the volume of trade between Serbia and China reached 5.65 billion euro ($6.1 billion), while exports from Serbia attained 1.15 billion euro, and imports from China at 4.5 billion euro.
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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The Export Credit Agency (ECA) of Ukraine and Export Credit Greece (ECG) have signed a memorandum of understanding. The aim of the memorandum is to establish principles for cooperation, support and for encouraging trade and investments between Ukraine and Greece, as well as to promote bilateral cooperation and information exchanges to coordinate this cooperation, Ukrainian … Read more
Serbia’s current account deficit widened to 2.46 billion euro ($2.66 billion) in the first eight months of the year from 664 million euro in the prior-year period, the central bank, NBS, said. Serbia’s 8-mo c/a gap widens to 2.46 bln euro – table The deficit in trade of goods increased by an annual 20% to … Read more
Serbia’s chamber of commerce (CCIS) said it has opened two new offices in China, in Beijing and the Hunan province capital Changsha. Serbia’s chamber of commerce opens two offices in China The free trade agreement between Serbia and China has opened new opportunities for the placement of Serbian products on the Chinese market and cooperation … Read more
Georgian Economy Minister Levan Davitashvili and Márton Nagy, the Minister for National Economy of Hungary, on Tuesday discussed the current state of trade and economic relations between the two countries, as well as the prospects for their further development. Georgian Economy Minister Levan Davitashvili and Márton Nagy, the Minister for National Economy of Hungary, on … Read more
According to Serbian Office for IT and eGovernment, the exports of the country’s information and communication technologies (ICT) sector increased by 19% year-on-year to 2.629 billion euro ($2.851 billion) in the first eight months of 2024. The office’s statement issued on Thursday said that the ICT sector’s exports totally reached 323 million euro in August … Read more