Serbia’s foreign trade in the January-November 2022 period stood at 59.27 billion Euro or 30.8 percent higher than in the same period a year earlier, the Republic Statistics Office (RZS) said on Thursday. Serbia’s exports in those 11 months totaled 24.81 billion Euro or 26.4 percent higher than in 2021 while imports totaled 34.46 billion … Read more
The gross inflow of foreign direct investment (FDI) into Kazakhstan increased by 17.8 percent and reached $22.1 billion in nine months of 2022, reported the Foreign Ministry’s press service on Dec. 30. Manufacturing became the dominant industry for investment, with a 36.9-percent growth ($4.9 billion). The wholesale and retail trade investment saw a 32.6-percent increase … Read more
The number of Armenian trucks passing through the Upper Lars checkpoint on the Russian-Georgian border has almost doubled, Deputy Economy Minister Narek Teryan said. He said the situation began to improve last year after a meeting of economy ministers of Armenia and Russia, when a roadmap for solving these issues was prepared. ‘Today we can … Read more
Azerbaijan and Uzbekistan have discussed joint measures to expand trade, economic, and investment cooperation, Azernews reports. The discussion took place during the meeting between Uzbek Foreign Minister Bakhtiyor Saidov and Azerbaijani Ambassador Huseyn Guliyev. During the meeting, the parties noted that thanks to the regular and fruitful dialogue at the highest level, Uzbek-Azerbaijani relations of … Read more
Armenia’s foreign trade in the first 11 months of 2022 soared by 67.8% from the same time span in 2021 to around $12.5 billion, the National Statistical Committee (NSC) reported. It said in November 2022 alone, the country’s foreign trade was up 74.5% when compared to November 2021, but compared to October 2022 it was … Read more
According to Georgian Prime Minister Irakli Garibashvili, the need to diversify and develop new routes was agreed on by Central Asian countries on Tuesday, and they paid a “special attention” to the transport corridor involving Georgia, highlighting the importance of port, railway and other infrastructure for realizing the country’s role of a regional hub.
As Garibashvili noted in his end-of-year summary of the Government’s work, they announced the search for a new investor for the construction of the Anaklia deep sea port on the Black Sea coast. The state will own 51 percent of its infrastructure. These are “urgent” plans for international investment and state participation in Anaklia deep-sea port revealed by Georgian PM.
The current limitations of the Poti and Batumi ports were also noted by him. According to the Prime Minister, Government did not have “any leverage to make certain regulations in relation to tariffs or anything else”.
He added that record-high revenues were attained by the railway. Record-high levels were shown by both the amount and volume of the transported freight. The modernization of the railways needs to be quickly completed.
They had completed 86 percent of the work of the Baku-Tbilisi-Kars railway project. According to PM, they will officially launch the project in 2024, and passenger and good transport between Azerbaijan, Georgia and Turkey will be facilitated.
The task of transforming the country “not only into an energy and transport hub, but also into a digital hub which will connect Europe to Asia” was highlighted by Garibashvili as one of his team’s “main interests”. According to him, the Rothschild global advisory company’s work on the strategy for transforming Georgia into a regional financial hub had been completed.
As Garibashvili said, the implementation of this strategy and plan will already be started next year, and the results will be reported later.
The creation of a new information technology hub in the former Parliament building in the western Georgian city of Kutaisi with the aim to promote the development of the IT sector in the country was also mentioned by the PM.
Garibashvili said that the hub would attract and employ young people working in the field of IT. He added that this project would support Georgian students and young people in their development. The project would get “tens of millions of dollars” of investments.
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On December 1-18, 2022, Ukraine exported 3.6 million tonnes of agricultural products, showing an increase of 800,000 tonnes compared to the first half of November this year. “For 18 days of December, 3.6 million tonnes of agricultural products and processed agricultural products left Ukraine, showing an increase of 800,000 tonnes compared to the first half … Read more
The minister of agriculture, forestry and water management of Serbia, Jelena Tanaskovic, talked to the ambassador of Egypt to Serbia, Bassel Salah, about the further improvement of the cooperation of the two countries in the field of agriculture, whereby the Egyptian side showed the most interest in the import of wheat and fruit from Serbia. … Read more
Some 40 agreements on investment, trade, and economic cooperation worth $2.5 billion were signed at the interregional Uzbek-Kazakh business forum on Dec. 21 in Tashkent, reported the Prime Minister’s press service. More than 400 delegates from both sides took part in the forum. From 2005 to the second quarter of 2022, the gross inflow of … Read more
Georgian Prime Minister Irakli Garibashvili on Tuesday said while Central Asian countries agreed on the need to diversify and develop new routes, a “special attention” was paid to the transport corridor involving Georgia, in his highlighting of the importance of port, railway and other infrastructure for realising the country’s role of a regional hub. Georgian … Read more