President of Kazakhstan Kassym-Jomart Tokayev held a phone talk with President of Serbia Aleksandar Vučić to discuss the current state and future of bilateral cooperation between the two countries, Trend reports. During the call, both leaders positively assessed the ongoing development of Kazakh-Serbian relations and reaffirmed their mutual commitment to further strengthening cooperation. They reviewed … Read more
The US has imposed a 10% tax on goods imported from Armenia, Azerbaijan, and Georgia as part of sweeping new tariffs on almost every country in the world. It came as part of US President Donald Trump’s proclaimed ‘liberation day’, during which he unveiled tariffs of between 10% and 50% on goods imported into the … Read more
The total external trade in the Republic of Serbia for the period January – February 2025 reached USD 11533.9 million (an increase of 0.1% compared to the same period last year).
Nevertheless, the value of exports decreased by 5.1% (0.6% in Euros) and attained USD 4853.5 million (EUR 4675.1 million), while the value of imports increased by 4.2% (9.0% in Euros) and reached USD 6680.4 million (EUR 6435.0 million) compared to the same period last year.
The increase of the deficit was 40.8% (47.0% in Euros) (USD 1826.9 million/ EUR 1759.8) in relation to the same period last year.
The decline of the export – import ratio was 79.8% compared to the same period last year.
56.1% of total external trade was accounted for European Union member countries, with which Serbia has signed agreements on free trade.
The CEFTA countries were Serbia’s second major partner. The exports of electricity, cereals and produces thereof, oil and oil derivatives, medical and pharmaceutical products and beverages gave gained surplus in external trade equal to USD 477.1 million. Serbia’s exports in the referent period reached USD 745.4 million (EUR 717.8 million), while the imports were USD 268.3 million (EUR 258.7 million). The export– import ratio was 277.8 % (surplus amounted to EUR 459.1 million and export – import ratio equalled 277.5%).
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 complaint has come from members of the European Business Association (EBA) in Ukraine against the Polish customs that practically blocked woodworking industry products since March 15.
As the preliminary information of the EBA reports, the Polish side is stopping shipments to verify the origin of raw materials used by Ukrainian manufacturers, particularly to ensure compliance with sanctions. Nevertheless, the member companies of the EBA’s Woodworking and Furniture Committee have not got any specific claims regarding document discrepancies or violations from the Polish customs authorities.
As Ukrainian businesses claim, they have produced all the customs clearance documents required by Polish customs authorities, including supply contracts with branches of the Forests of Ukraine state company, delivery notes, logging tickets, certificates of origin, and other essential documents confirming the legality and transparency of their operations.
Nevertheless, despite all the required documents confirming the legality and origin of the raw materials, they continue to delay and block shipments, and the companies have to pay extra costs because of downtime and having to adjust their routine logistics chains.
As a result, production can be shut down due to prolonged shipment blockages, export contracts can be lost, mass layoffs, and a shortfall in tax revenues at all levels are also possible.
Consequently, the Ukrainian government, the Foreign Ministry, and the Economy Ministry should urgently help probe the reasons behind the blockages and find ways to settle the problem.
As the EBA pointed out, in 2023 and 2024 Polish customs authorities already caused a significant loss of European market clients for Ukrainian producers and seriously affected the competitiveness of domestic enterprises by similar actions.
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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Members of the European Business Association (EBA) in Ukraine have complained that woodworking industry products have been practically blocked at the Polish customs since March 15, Ukrainian media reported with reference to the EBA’s statement available on its website. “According to preliminary information, the Polish side is stopping shipments to verify the origin of raw … Read more
The overall external trade in the Republic of Serbia for the period January – February 2025 amounted to: – USD 11533.9 million – which was an increase of 0.1% compared to the same period last year; – EUR 11110.1 million – which was an increase of 4.7% compared to the same period last year. The … Read more
The National Statistics Service of Georgia (Geostat) published preliminary data indicating that in January -February 2025, Georgia’s foreign trade increased by 15.6% year-on-year, totaling USD 3,567.6 million. In the same period, exports increased by 4% to USD 835.4 million, while imports grew by 19.6% to USD 2,732.2 million. As a result, the country’s negative trade … Read more
As Aleksandr Bashliy, Head of foreign economic relations at BUCE, said during a seminar held in Belgrade on 25 March with support of the Belarusian Embassy in Serbia, The Belarusian Universal Commodity Exchange (BUCE) intends to expand cooperation with Serbian business communities, including through brokerage partnership.
During the seminar, Serbian companies were exploring the possibility of using exchange mechanisms to facilitate export-import transactions with Belarusian enterprises.
Also, Aleksandr Bashliy said that it would become possible to exchange trade between the two countries and to reach a brand-new level due to accrediting a brokerage company in Serbia to represent BUCE’s interests and facilitate the involvement of Serbian business communities in the Belarusian exchange platform.
According to him, Serbia is a key trading and economic partner for Belarus in the Balkans. This is why significant focus is placed on developing cooperation between our countries, including in exchange trading. As a result, the exchange trade between Belarus and Serbia increased by 37 times last year and by ten times in January-February 2025. to Nevertheless, it needs to enhance the level of Serbian business engagement in trading on BUCE’s platform despite the rapid growth in the exchange trade. However, it is possible to effectively address this matter by accrediting an exchange broker in Serbia, who would not only assist Serbian businesses in participating in trades but also handle payments and organize logistics.
As he pointed out, a local broker would significantly simplify access for Serbian companies to the Belarusian exchange market and diversify the trade structure.
At present, there are only eight accredited Serbian resident companies, which is not enough for better results in mutual trade. A broker would allow Serbian companies to start trading on the exchange platform more quickly, without spending time on paperwork, training and other preparatory activities. 54 brokerage companies, including 21 non-residents from 10 countries were accredited by BUCE as of 25 March 2025.
The Belarusian Universal Commodity Exchange, one of the largest commodity exchanges in Eastern Europe founded in 2004, organized its first trading session in June 2005. Assistance to Belarusian enterprises with export and foreign companies with entering the Belarusian market is its main function. A wide range of metal, forestry and agricultural products, industrial and consumer goods are sold by BUCE.
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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Ukrainian Railways (Ukrzaliznytsia) suspended a 30% discount on the transportation of agricultural products for export from March 20, Ukrainian media cited the company’s press service as saying. The 30% discount was provided under the government’s resolution. Agricultural shipments will not be entitled to the discount and will be handled on equal terms starting midnight March … Read more
The Belarusian Universal Commodity Exchange (BUCE) intends to expand cooperation with Serbian business communities, including through brokerage partnership, Head of foreign economic relations at BUCE Aleksandr Bashliy said during a seminar held in Belgrade on 25 March with support of the Belarusian Embassy in Serbia, the BUCE press service told BelTA. Attending the seminar were … Read more