Agricultural trade and tourism collaboration Kazakhstan and Serbia will increase

The aim of the fourth meeting of the Kazakh-Serbian Intergovernmental Commission (IGC), held in Almaty on August 8 Kazakhstan and Serbia was to strengthen cooperation in agriculture, tourism, and transport following between the two countries.
Kazakhstan’s Deputy Prime Minister and Minister of National Economy Serik Zhumangarin, and Serbia’s Deputy Prime Minister and Minister of Internal Affairs Ivica Dacic co-chaired the meeting.
Key areas for expanding bilateral ties Zhumangarin were trade, transport, agriculture, healthcare, tourism, science, biotechnology, education, and culture.
In January- June 2025, turnover of agricultural products reached $4mn (1.5 times increase), especially exports of grain and legumes, vegetable oils, fish, meat, and dairy products to Serbia.
As Vice Minister of Agriculture Yermek Kenzhekhanuly noted, there are 20 Kazakh enterprises supplying pike perch fillet and other fish products in the EU register now, and four major producers are ready to begin honey exports to Europe.
Aquaculture products and horse meat are also waiting for EU approval.
Joint investment projects in processing livestock and plant products, as well as research cooperation in seed production, field testing of various crops, development of joint hybrids, and production of biopesticides are proposed by Kazakhstan.
Another major focus was tourism cooperation. According to Vice Minister of Tourism and Sports Yerzhan Yerkinbayev, there is a project of a multifunctional hotel complex in Belgrade.
As Yerkinbayev said, academic partnerships between the International University of Tourism and Hospitality in Turkestan and Singidunum University in Belgrade would include student and faculty exchange programs, joint research, and participation in the Kazakhstan International Tourism and Travel Exhibition in April 2026.
The sides also discussed transport connectivity, particularly the extension of the Trans-Caspian International Transport Route to Serbia. SCAT Airlines are planning to launch direct flights between Astana and Belgrade this year, with potential onward routes to Morocco, Tunisia, Barcelona, and Larnaca.
Another agreement was to hold a trade and economic mission to Serbia and the first Kazakh-Serbian business council later this year.
In conclusion of the meeting they signed a protocol formalizing the agreements reached. The sides will meet again in Serbia in 2026.
The only Serbian institution with UNWTO’s TEDQUAL certification and is ranked among the top 600 European universities by the QS Europe University Rankings 2025 is Singidunum University. One of its functions is the UNWTO’s regional reference library for tourism, housing one of the largest tourism literature collections in the Balkans.
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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Trade, transport and tourism ties between Georgia and Turkey are boosted

A meeting between the Minister of Economy and Sustainable Development, Mariam Kvrivishvili, and Turkish Minister of Transport and Infrastructure Abdulkadir Uraloglu, took place during his working visit to Georgia.
The priority directions of bilateral trade-economic relations, the development of cooperation between countries in sectors such as bilateral trade, transport and logistics, civil aviation, tourism, and others were the topics of the discussion.
Ministers noted that Turkey is the number one trading partner and a regular developed investor, especially in the field of transport. Government of Georgia uses the role of transit corridor effectively and the forms a regional logistics hub.
A number of initiatives for the development of transport corridors between Europe and Asia actively involve Georgia and Turkey. One of them is the Trans-Caspian International Transport Route – the middle corridor that promotes global trade, and economic development.
The modernization of the railway, the construction of the East-West Highway, the development of the Anaklia Deepwater Port, the new Tbilisi International Airport, the Baku-Tbilisi-Kars Railway are among specific projects that will contribute to the development of the country in this direction.
The ministers agreed that the full operation of the Baku-Tbilisi-Kars railway and cooperation in the civil aviation sector were their priorities.
Direct regular flights between two countries made the number of passengers transferred surpass 615 thousand (5.97% more than in the same period of 2024).
4 Turkish airlines are currently carrying passengers between countries and successfully operating freight flights. They expect Turkey’s largest airline, “Turkish Airlines,” to launch a new direction that will further enhance cooperation in both the aviation and tourism sectors.
As a result, more than 1.3 million visitors came from Turkey to Georgia in 2024, which made Turkey second in terms of international visitors to Georgia. Cooperation between the two countries on investments, land transport, hydrography, marine, railway, and more were also discussed at the meeting by the sides.
The Turkish Minister got the invitation to the fifth International Silk Road Forum, which will be held in Tbilisi on October 22-23, from Mariam Kvrivishvili.
The Deputy Ministers of Economy and Sustainable Development of Georgia, Guram Guramishvili and Genadi Arveladze, as well as the Ambassador of Georgia to Turkey, Archil Kalandia also attended the meeting.
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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Trade and transport cooperation between Georgia and Uzbekistan is boosted

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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The rise of Georgia’s foreign trade deficit with Russia attains 19% in H1

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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There is a 124% increase of Serbia’s c/a gap y/y in Jan-May

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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Express release of Georgia’s external merchandise trade in the first six months of 2025

The growth of Georgia’s External Merchandise Trade (excluding non-declared trade) reached 12.7 percent year -on-year (totally USD 11 933.4 million) in January-June 2025. The increase of the value of export was 13.7 percent (USD 3 234.2 million in total), while the increase of import was 12.4 percent (totally USD 8 699.3 million). USD 5 465.1 million was the total amount of the trade deficit, and it had the share of 45.8 percent in the overall trade turnover.
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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The lag of Ukraine’s grain exports from last season is 92% in 2025/26 MY

According to the Agrarian Policy and Food Ministry, Ukraine exported 60,000 tonnes of grains and leguminous crops from the start of the 2025/26 marketing year to July 4, 2025.
25,000 tonnes of wheat (compared with 245,000 tonnes in the 2024/25 MY), 34,000 tonnes of corn (468,000 tonnes), and no barley (3,000 tonnes) were included in this amount.
718,000 tonnes of crops had been exported by Ukraine as of July 5, 2024.
They estimate overall amount of Ukrainian flour exports from the start of the 2025/26 marketing year at 500 kilos (compared to 1.1 tonnes in the same period in the 2024/25 MY).
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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Serbia’s 2024 trade gap estimate is cut

As Serbia’s statistics office said on Tuesday, the country’s trade deficit grew from an annual 3.8% to 8.541 billion euro ($9.967 billion) in 2024, down from 9.865 billion euro estimated earlier.
According to the statistics office, the increase of exports in 2024 was 6.5% on the year (totally 30.503 billion euro), while the growth of imports was 5.9% (39.044 billion euro in total).
In 2025, there was an increase of the export-import ratio to 78.2% from 77.7% in 2023.
Only in December, a trade gap of 1.104 billion euro was recorded, widening from a 1.071 billion euro trade deficit recorded in the same month in 2023. The rise of exports was 10.4% on the year to 2.423 billion euro in December, while the growth of imports was 8% to 3.527 billion euro.
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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EU and Ukraine complete talks over review of FTA agreement

The European Commission (EC) has completed its talks over reviewing the European Union’s Deep and Comprehensive Free Trade Area (DCFTA) Agreement with Ukraine. According to EC President Ursula von der Leyen, the modernized agreement ensures trade flows from Ukraine to Europe and world markets, builds bridges of stability and economic solidarity and defends EU farmers’ … Read more

European Commission and Ukraine agreed on terms of trade in agricultural goods

As European Commissioner for Agriculture and Food Christophe Hansen said at a press conference in Brussels on Monday, the European Commission and the Ukrainian government have reached an agreement in principle on their trade relations in the future, particularly as regards exports of agricultural products.
Since June 2022, autonomous trade measures (ATM) for Ukrainian goods have been introduced and tariffs and quotas for 36 agricultural products have been removed. The EU has prolonged ATM twice and finally has replaced them with a transitional regime based on the 2016 quotas since June 5, 2025.
Hansen said that the both sides have conducted constructive talks over recent weeks to review their bilateral trade agreement to ensure a more stable and predictable basis for exporters, businesses and farmers.
According to him, this agreement currently comprises Ukraine’s commitment to gradually align to EU production standards in the agricultural sector, such as animal welfare or the use of pesticides by 2028 and to include a safeguard mechanism where imports would cause serious difficulties.
Also, they increased quotas for the most sensitive products such as sugar, poultry and eggs, wheat, maize or honey, as the key elements of the revised market access arrangements for imports from Ukraine into the EU, compared with the 2016 agreement.
A number of other Ukrainian products, including butter, skimmed milk powder, malt and gluten, oats and barley groats, whose quota volumes will be increased up to the highest level of trade in recent years, will get an improved access to the EU market.
Hansen said that trade in some products, examples including whole milk powder, fermented milk, mushrooms, grape juice, and some others, will be fully liberalized.
In its turn, Ukraine will significantly increase export quotas for pork, poultry and sugar, and reduce further duties or abolish them altogether for some other products, which should enhance the export possibilities for European famers.
Hansen mentioned the possibility of revision of the situation by the European Commission again in a few years, especially in the context of Ukraine’s progress in economic integration and its accession prospects.
While they haven’t announced the outcomes of the negotiations officially, they continue to apply the EU’s transitional arrangements that have taken effect since June 6.
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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