Tatyana Gracheva

A growth by 54% was shown by cargo transportation via North-South ITC in 5 months of 2023

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The Deputy Chairman of the Eurasian Development Bank (EDB) Denis Ilyin reports that an increase by 54% has been attained by the volume of cargo transported via the North-South International Transport Corridor (ITC) from January to May, 2023.
According to Ilyin, Russia-Georgia-Armenia-Iran direction is a possible interconnection between North-South and East-West transport corridors. He said that at a session on transport logistics in Eurasia, held within the frames of Eurasian Congress 2023 in Russian Sochi.
More than $38 billion are needed for implementation of 102 projects of the development of the North-South transport corridor. The state sources finance 67 of them.
Purchase of cars for the South Caucasus Railway in Armenia is a project of the North-South ITC, while construction of the Meghri-Kajaran road section is a project of the Eurasian Fund for Stabilization and Development (EFSD).
The Republic of Armenia and the Eurasian Development Bank (EDB) signed an agreement on the provision of an investment loan from the Anti-Crisis Fund of the Eurasian Economic Community to finance the construction of the north-south road corridor (Phase 4) on April 14, 2015. The investment loan amounted to $150 million is provided for a period of 20 years.
The Eurasian landmass along East–West and North–South axes are being crossed by a system of international transport corridors called the Eurasian Transport Network. The Eurasian transport corridors enable the network to become a tangible foundation for a Greater Eurasia because they extend as far as China, India and the European Union. Digitalizing transport can provide seamless transport connectivity and unlock the full potential of the Eurasian continent’s economy.

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Exports to CIS countries (excluding Russia) rose strongly from January to April 2023 compared with January to April 2021

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Exports to CIS countries (excluding Russia) up 1.5 billion euros, exports to Russia down 4.9 billion euros at the same time Motor vehicle exports to CIS countries increased five-fold, exports of machinery and chemical products also rose considerably WIESBADEN – A strong increase of German exports to the CIS countries (Commonwealth of Independent States, here: … Read more

Dutch exported goods reach a record high of €170.4 bn in 2022: CBS

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INSIGHTS Dutch exports reached a record €170.4 billion in 2022, up 30 per cent from 2021, while imports jumped 37 per cent to €182.2 billion, according to Statistics Netherlands (CBS). Trade value increased due to higher prices, though the Dutch economy’s openness remained steady. The country’s re-exports accounted for 57 per cent of export growth. … Read more

EU food producers ‘not ready’ for UK import checks

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Ministers have been warned that European food producers are “not ready” for UK import checks, which are due to begin later this year, and that their introduction will drive food price inflation. The controls have already been postponed four times over the past 18 months, because of fears about the potential effect on prices. Farming … Read more

Cargo transportation via North-South ITC grows by 54% in 5 months of 2023 – EDB

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From January to May, 2023 the volume of cargo transported via the North-South International Transport Corridor (ITC) has increased by 54%, according to the Deputy Chairman of the Eurasian Development Bank (EDB) Denis Ilyin. Speaking at a session on transport logistics in Eurasia, held within the frames of Eurasian Congress 2023 in Russian Sochi, he … Read more

Canada extends duty-free imports of Ukrainian goods

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Canada’s Deputy Prime Minister Chrystia Freeland today announced the extension of tariff waivers on goods from Ukraine for another year, until June 9, 2024, in order to support the embattled nation’s economy in the face of Russia’s full-scale invasion. This was announced by the Canadian government, Ukrinform reports. This will ensure continued duty-free imports of … Read more

Project Which Will Complete Process of Digitization of All Customs Procedures Begins

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The project “Implementation of Automated Systems of Import and Export and Customs Decision Management System” officially began on June 12, 2023, which will complete the process of the digitization of all customs procedures, announced the Customs Administration of the Republic of Serbia. In addition to representatives of the Customs Administration, the event was attended by … Read more

Georgian external trade up 18.9% in January-May 2023

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Georgian external trade turnover amounted to $8.36 billion in January-May 2023, posting a 18.9 percent increase year-on-year, Azernews reports, citing Agenda.ge. The value of exports rose by 18.5 percent and equalled $2.50 billion, while imports also grew by 19.1 percent, amounting to $5.85 billion in the first five months of 2023. Trade deficit, a measure … Read more

Variety of exported non-oil-gas products has increased

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From 2018 to 2022, the number of items in the commodity nomenclature for industrial goods exports increased from 884 to 1,204, Azernews reports, citing a tweet by the Azerbaijani Economy Minister Mikayil Jabbarov. The tweet reads that the commodity nomenclature for agricultural production and processed goods grew from 307 to 332. This indicator demonstrates the … Read more