Tatyana Gracheva

According to the press service for the Ukrainian Economy Ministry cited by Ukrainian media, representatives of Ukrainian and Japanese entities met in Berlin the day before Ukraine Recovery Conference 2024 in the frames of public-private roundtable and signed 23 cooperation memoranda.
Ukrainian First Deputy Prime Minister, Economy Minister Yulia Sviridenko said that the both sides had been working on deepening mutual bilateral cooperation systemically. For example, they have signed fifty-six agreements at a conference in Tokyo in February this year, which marked a tangible progress in their cooperation. Over 20 cooperation memoranda aimed at developping of specific projects on the ground are signed today, and the government are ready to give the necessary assistance to their implementation.
As media said, cooperation between Ukraine and Japan will be deepen in the spheres of infrastructure restoration, green construction, energy, agriculture, modernization of agricultural machinery, financing of affordable housing, waste recycling, healthcare, and rehabilitation and prosthetics for the wounded.
Access to the Japanese technical assistance will have been received by the Ukrainian projects via the United Nations Industrial Development Organization (UNIDO) and will reach188 million euros in total. They will implement about 30-40 projects at the initial stage to transfer Japanese technologies to Ukrainian companies. A grant of up to $10 million will be received by each project. A tender for Japanese bidders was announced by the Ukrainian government and UNIDO last week.
The possible delivery of tractors to small and medium-sized farms and a memorandum of mutual understanding on using satellite images for soil analysis and sowing plans were also mentioned by Sviridenko.
She said that insurance will be provided to Japanese companies participating in recovery projects in Ukraine by the Nippon Export and Investment Insurance (NEXI). Support of investment projects and providing grants to small and medium-sized companies for the Ukrainian economic recovery from the part of the Japan International Cooperation Agency (JICA) will continue.
Gratitude to the Japan Bank of International Cooperation (JBIC) for helping Ukraine, including through cooperation with G7 members and international institutions in building the EBRD-G7 DFI-EDFI co-investment platform for Ukraine, was expressed by Sviridenko.
The Ukrainian Economic Ministry’s press service has announced in Berlin the opening of the Japan External Trade Organization (JETRO) office in Kiev.
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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An update of the current situation and macroeconomic indicators in the banking and financial sectors of the country was provided by The National Bank of Georgia on Wednesday.
Inflation
The increase of the annual inflation reached two percent in May. “Higher fuel and some food prices” caused the increase of prices by 0.4 percent compared to April. The rate of base inflation, excluding volatile items, is 1.7 percent.
Banking sector
The central bank reported loans’ increase by 18.4 percent year-on-year in April and the decrease of the dollarisation of deposits to 48.3 percent. The dollarisation of the total credit portfolio remained at 44.7 percent.
Foreign sector
Investment and consumer goods made imports of goods increase by 11.3 percent year-on-year, according to NBG, but a decrease in the export of intermediate, consumer and investment goods made the registered export of goods decrease by 12.7 percent year-on-year in April.
The official international reserves totalled $4.8 billion in April ($37.4 million increase compared to the previous month).
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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Jacek Zarzecki of Copa-Cogeca, the EU’s leading agrarian association, said that most of the quotas set for Ukrainian agrifood exports to the European Union under the Autonomous Trade Measures (ATM) for 2024 were used up by Ukraine by April (150% of the quota for oats, 66% eggs, 41% poultry, 70% sugar, 47% maize, 62% groats, and 51% honey).
He suggested to bar imports of sensitive agricultural products from Ukraine in July.
The extension of ATMs for Ukraine was endorsed on May 13 for another 12 months starting June 2024 by the Council of the EU, as reported earlier.
It was stipulated in the agreements that Ukraine could export to the EU poultry, eggs, sugar, oats, groats, maize, and honey within the average of import volumes recorded in the second half of 2021 and over the whole of 2022 and 2023 while the ATMs remain in effect.
Article 4(7) of the Regulation on Autonomous Trade Measures on imports of Ukrainian agricultural products from June 6, 2024 to June 5, 2025 allows Ukraine to export duty-free 57,101 tonnes of poultry, 9,662 tonnes of eggs, 109,439 tonnes of sugar, 18,507 tonnes of honey, 4.648 million tonnes of maize, 1,017 tonnes of oats, and 8,603 tonnes of groats.
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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An agreement establishing a joint company in Serbia has been signed by Serbian logistics services provider Transfera and the local subsidiary of Austria’s OBB Rail Cargo Group (RCG). According to Transfera, the development of intermodal logistics solutions will be the main aim of the new company, based in Belgrade. Transfera CEO, Dusko Radovic, said that … Read more