Tatyana Gracheva

A meeting between the Minister of Economy and Sustainable Development of Georgia, Mariam Kvrivishvili, and the Prime Minister of Uzbekistan, Abdulla Nigmatovich Aripov, took place during her official visit to Uzbekistan on Wednesday, July 23, 2025.

Both sides assessed the discussion as fruitful. They talked about economic cooperation between countries, especially in the fields of transport, logistics, tourism, and investments and some potential new projects.

Mariam Kvrivishvili held meetings with Prime Minister Abdullah Aripov, Minister of Transport Ilhom Mahkamov Minister of Investments, Industry, and Trade Laziz Kudratov during his official visit to the Republic of Uzbekistan.

She said that the talks touched deepening the partnership between the two countries, including trade-economic aspects and important transport-infrastructure projects.

Both countries acknowledged during the meeting that Georgia and Uzbekistan are stable trading partners, and should make use of the potential in terms of trade turnover growth. Nevertheless, they emphasized the importance of bringing the business circles of the two countries together and implementing more joint projects.

Also, the participants of the meeting raised the issue of holding more trade missions and business forums was between Georgia and Uzbekistan.

As Mariam Kvrivishvili said, the meetings with Uzbekistan’s Ministers of Transport and Investment, Industry and Trade were just as fruitful. Several important issues that will take trade-economic relations between countries to even higher levels – transport and logistics, energy, trade, civil aviation, tourism, information technology, investment, and more were in the focuse of the meeting.

She also noted the interest of Uzbekistan in increasing investments in the Georgian economy, including in terms of logistics and transport, as well as freight in the Georgian corridor. According to both sides, strengthening of the role of the middle corridor required a joint effort.

Mariam Kvrivishvili noted that Uzbekistan placed special emphasis on the issue of investment growth in Georgia. Also, major planned and ongoing infrastructural projects, such as the Anaklia Deepwater Port, highway construction, Tbilisi Akha International Airport can deepen collaboration and strengthen the role of the Middle Corridor while making Georgia function as a transit-logistics hub.

Also, Mariam Kvrivishvili visited Tashkent Technopark and got to know its activities later during the visit.

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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As the National Statistics Office of Georgia said on its website, the increase of the trade turnover between Georgia and Russia was 7% year-on-year and reached $1.28 billion in January-June 2025.
In spite of a 2% decline of Georgian exports ($332.2 million) in the first half, there was a 10.5% growth of imports from Russia (totally $950.5 million). The volume of Georgia’s negative trade balance with Russia grew by 18.7% to $608.2 million.
Precisely, the downfall of wine shipments was 34.5% in value terms to $72.8 million, exports of other alcoholic beverages fell down by 6.1% (totally $65.1 million), mineral water exports grew up by 2.4% to $41.75 million and beverages with added sugar declined by 3.9% to $27.1 million in the commodity structure of Georgia’s exports to Russia.
The rise of supplies of oil and petroleum products was 7.5% to $284.5 million, gaseous hydrocarbons grew up by 27.2% to $128 million and wheat – by 17% to $32.25 million. The decline of imports of machinery and equipment was $24.3 million from $119,900 a year previously, and semis from iron and unalloyed steel dropped to $21.7 million from $80,100 in the structure of imports from Russia.
Trade turnover between Georgia and Russia grew up by 5.4% to $2.53 billion in 2024. The increase of Georgian exports over the year was 3.7% ($681.5 million in total), while the rise of imports from Russia attained 6% to $1.85 billion. The total Georgia’s foreign trade deficit with Russia grew up by 7.4% and reached $1.17 billion.
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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According to the central bank, the increase of Serbia’s current account deficit attained 124% on the year in the first five months of the year (totally 1.654 billion euro ($1.927 billion).
As NBS said in a data release on Thursday, the rise of the deficit in trade of goods in the first five months attained an annual 18% (3.003 billion euro in total). Also, there was a decrease of the surplus in trade of services by 16% to 1.016 billion euro.
Notably, the increase of the primary income deficit equaled to an annual 4% (totally 1.138 billion euro). In its turn, the decrease of the surplus in secondary income reached 8% (totally 1.551 billion euro).
Only in May, the growth of Serbia’s current account gap was 2% on the year and reached 334 million euro.
As revised data NBS published last month report, there was an increase of Serbia’s current account gap in 2024 to 3.899 billion euro from 1.804 billion euro in the prior year.
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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