EU gave N. Macedonia and Serbia grant for joint border railway project

The European Bank for Reconstruction and Development (EBRD) said that the European Union provided a 2.8 million euro ($3.0 million) grant for the development of a joint border railway station between North Macedonia and Serbia.
Previously, they signed the grant agreement in Skopje on Wednesday. The Western Balkans Investment Framework (WBIF) provided the funds and will finance construction and technical assistance.
According to the statement, the EBRD has already provided a 5 million loan for the project.
As it is planned, the borders will cross each other in North Macedonia’s Tabanovce on the Corridor X rail route. The aims of the project are to revamp the railway station’s existing buildings in line with energy efficient standards and to equip them with photovoltaic panels.
As North Macedonia’s transport minister Aleksandar Nikoloski hopes, with efforts from both sides, the one-stop-shop crossing will pave the way for restoring regular passenger rail service between Skopje and Belgrade.
According to the EBRD, North Macedonia’s railway sector alone got over 340 million euro of investments.
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Official claims that Ukraine will export no more than 20% of its agricultural output to Europe after it joins EU

Ukrainian Agri Council head Andrei Dikun said in an interview with local media that 20% of the Ukrainian agricultural sector’s total output will be a maximum that it will export to the European market after Ukraine becomes a European Union member. The rest will go to traditional markets for Ukrainian agricultural products.
However, Dikun denied that the prospect of subsidies from the common EU budget is the main reason why Ukrainian agricultural enterprises want to gain access to the European market. He also mentioned Ukrainian farmers’ concern about the EU’s tough requirements for agricultural technologies. However, the excessively complex rules of the European Green Deal also concern European farmers.
Consequently, Dikun expressed his hope for the change of the Agricultural Policy by new European Parliament. He also mentioned that Ukrainian farmers needed a transitional period to study these rules well enough, to get used to them before following them.
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Georgian terminals and ports processed 15 562.3 thousand tons of cargo in 2024

Tin total, the ports and terminals of Georgia accepted 1 6831 ships in 2024. General cargo carriers made 38.5 percent of those ships, liquid bulk – 30.1 percent, container ships –22.5 percent, and dry bulk carriers, tugs and specialized ships – the rest of 8.9 percent. 34.0 percent more specialized carriers, 15.9 percent more – general cargo carriers, 6.7 percent more – liquid bulk, 14.1 percent less – container ships and 9.2 percent less – dry bulk were received by the ports and terminals of Georgia in 2024, compared to the previous year.
In 2024, 18.4 percent of the ships arriving at the ports and terminals of Georgia were Turkish, 16.1 percent –Panamanian, 8.7 percent –Liberian, 5.2 percent –Russian and the rest 42.0 of other countries.
Totally, 7.9 thousand passengers were served by Georgian seaports in 2024 (2.4 percent increase compared to the previous year). Notably, the share of passengers entered (51.0%) slightly exceeded the share of passengers departed.
In general, Georgia’s ports and terminals processed 5.8 percent more cargo than in 2024 (15 562.3 thousand tons), compared to the previous year. General cargo made 45.7 percent of freight carried, liquid bulk – 33.6 percent, and dry bulk – 20.7 percent.
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Widening free trade agreement between Georgia and Turkey boost the bilateral trade

An agreement to widen an existing free trade agreement between Georgia and Turkey will soon enable Georgian producers to increase export volume to Turkey by 20 percent.
Delegations of both countries met each other to finalize talks about widening the free trade agreement at the final round of negotiations that was held in Turkish capital city of Ankara.
They abolished the quotas set on Georgian lemon, kiwifruit, grape, dry fruit, fruit and vegetable cans, juices and food ingredients, but increased the quotas on honey and livestock animals.
Georgia’s Economy Minister Dimitry Kumsishvili headed Georgian delegation, while Turkey’s Economy Minister Nihat Zeybekci led the Turkish delegation.
According to statistics, Turkey is Georgia’s top trade partner, as trade turnover between the two countries in 2017 attained $1.58 billion.
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The minister reports that Egypt-Serbia trade achieved $300m in 2024

Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk reported that bilateral trade between Egypt and Serbia has recently made a substantial leap from $94 million in 2022 to approximately $300 million in 2024.
According to the data, Serbian exports to Egypt totally equaled to around $41 million and Egyptian exports to Serbia achieved nearly $72 million. Approximately $180 million was contributed to the overall trade volume by the services sector, primarily tourism.
Ongoing cooperation between the two countries, including the launch of agricultural tractor manufacturing in Serbia by an Egyptian company in partnership with Serbian investors, was highlighted by Minister Farouk on Tuesday during Serbia’s National and Armed Forces Day celebration.
He spoke about Egypt’s potential as a gateway for Serbian products to African markets through the African Continental Free Trade Area (AfCFTA) Agreement. A converse hope for Serbia’s becoming a hub for distributing Egyptian agricultural products to Eastern European countries, leveraging the existing free trade agreement, was expressed by him.
An invitation to Serbian investors to explore opportunities in Egypt was also extended and by Minister Farouk. In his opinion, the country’s favorable investment climate and incentives designed to encourage foreign private sector participation make Serbia attractive for foreign investors.
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Trade between Ukraine and Turkey is to be boosted to $10 bln

As Ukrainian First Deputy Prime Minister and Economy Minister Yulia Sviridenko said following a meeting with Turkish Trade Minister Omer Bolat, Kiev and Ankara want to expand bilateral trade and to increase mutual trade from $6.2 billion in 2024 to $10 billion.
According to the State Statistics Service, downfall of Ukrainian exports from Turkey attained 6.8% year-on-year ($2.21 billion in 2024), decrease of imports from Turkey was 10.2% ($4.24 billion). 5.3% of exports of goods from Ukraine and 6.0% of imports were accounted for Turkey last year.
Cereals ($0.65 billion, up 12.7% year-on-year), fats and oil ($0.35 billion, down 56.1%), oilseeds ($0.22 billion, down 31.8%), and ferrous metals ($0.16 billion, up 84.5%) were the main items of Ukrainian exports to Turkey in 11M 2024.
Mostly oil and mineral fuels from Turkey ($0.55 billion, down 7.7% year-on-year), ferrous metals ($0.46 billion, up 28.6%), electrical machinery ($0.23 billion, down 9.3%), edible fruit and nuts ($0.20 billion, up 17.7%), and boilers, machinery ($0.20 billion, up 3.3%) were imported by Ukraine in 11M 2024.
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Statistics Office reports that Georgian external trade increased by 39.3% y/y and attained $2 billion in January

The National Statistics office said on Wednesday that Georgia’s external trade turnover amounted to $2 billion in January (39.3 percent year-on-year increase). The United States ($361.7 million), the United Kingdom ($267.2 million) and Russia ($203.3 million) were top trading partners of the county.
An increase by 19.3 percent was shown by the value of exports ($403.9 million) and 45.5 percent by imports ($1.60 billion) last month.
Kyrgyzstan ($74.9mln), Azerbaijan ($46.2mln) and Kazakhstan ($45.2mln) headed exports, while the US ($357.3mln), the UK ($266.9mln) and Turkey ($172.9mln) topped imports.
Motor cars ($130 million, 32.2% of total exports), spirituous beverages ($14.3 million, 3.5%), copper ores and concentrates ($13.8 million, 3.4%) were the top export items.
Hand-made paintings, drawings and pastels ($481.1 million, 30% of total imports), motor cars ($151 million, 9.4%), petroleum gases and other gaseous hydrocarbons ($106.9 million, 6.7%) were the three top import commodities.
Locally produced goods worth $403.9 million were exported by the country last month (a 19.3 percent year-on-year increase).
According to the Office, the share of domestic exports in total exports constituted 46.1% and amounted to $186.3 million (11.6% increase).
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Economy minister reports a downfall of Ukrainian exports by nearly 50% in January 2025

As First Deputy Prime Minister and Economy Minister Yulia Sviridenko said on social media, exports of Ukrainian goods by value stood at $3.1 billion and at 6.6 million tonnes by volume in January 2025, falling by nearly 50% from the 12 million tonnes recorded in January 2024.
Sviridenko highlighted the critical importance of logistics and the role of sea transport in it and ensured that the export would attain 6.6 million tonnes of goods.
Corn ($521 million, or 2.5 million tonnes), sunflower oil ($426 million, or 378 million tonnes), iron ores and concentrates ($247 million, or 3.1 million tonnes), wheat ($188 million, or 891,000 tonnes), insulated wire and cables ($104 million, or 6,000 tonnes), and soybeans ($90 million, or 223,000 tonnes) were Ukraine’s largest exports in January 2025.
Ukraine’s main trading partner, importing $1.8 billion worth of Ukrainian goods in January 2025, was the European Union.
Totally, Ukraine exported to countries outside the EU $1.3 billion last month. Egypt, Turkey, China, and the United States were the largest markets for Ukrainian goods.
A downfall by 3.6% or by $117 million was shown by Ukrainian exports and by 16.9% or by $1.04 billion by imports in January 2025 due to various factors (the seasonal decline in oilseed exports and smaller exports of metals, especially of iron ore).
Nevertheless, according to Sviridenko, goods for $41 billion in 2024 were exported by Ukraine, that means a 13.4% or $4.94 billion increase year-on-year.
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Kazakhstan’s potential was emphasised as “one of important” export partners by Georgia’s Agriculture Minister

Kazakhstan’s potential as “one of the important” agricultural food export partners for Georgia was emphasised on Wednesday by David Songulashvili, Georgia’s Minister of Agriculture and Environmental Protection.
Songulashvili commented on a series of meetings held during the ongoing visit of Georgian Prime Minister Irakli Kobakhidze to Almaty and emphasized Kazakhstan’s status as an agricultural country and its capacity to bolster Georgia’s agro-food sector.
A meeting between the Georgian Prime Minister and his counterpart, Oljas Bektenov, opened the two-day visit. As Kobakhidze emphasised during the meeting, his government was interested in welcoming Kazakh investors.
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Ukrainian agricultural export insurance needed for additional $1 bln

According to Ukrainian Agrarian Policy and Food Minister Vitaly Koval, another $1 billion is needed to expand the powers of the Export Credit Agency in insuring exports of grain crops and commodities.
As he said at the Grain Storage Forum in Kiev, the estimates were based on $200 per 5 million tonnes, which makes it $1 billion in total.
According to Koval, the government are exploring options of every existent institution and will be searching for additional funds to insure risks in agricultural exports and to enable Ukraine to draw the funds on international platforms in order to accumulate the money and increase agricultural exports.
Ukrainian agriculture’s limited access to cheap loans had also been admitted by Koval.
He said that an enterprise engaged in production and trade is underfunded, as loans account for only 9% (slightly more than UAH 100 billion) out of the total worth of Ukraine’s agricultural products (about UAH1.2 trillion).
Koval said that the global level of sufficient lending is 50%, and it stands at 202% of the gross domestic product in the United States. He also expressed great hopes on foreign assistance.
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