NEWS

A pilot electronic exchange of international road transport permits between Kazakhstan and Georgia comes into force from July 22, 2026. It is a major step toward the digitalization of cross-border freight operations. As Kazinform reports, the sides reached the agreement during a meeting of the Kazakhstan-Georgia Joint Commission on International Road Transport in Astana. According to the initiative, Georgia and Kazakhstan will issue and exchange transport permits through the e-Permit digital platform on a trial basis. They expect the system to streamline administrative procedures, enhance transparency, and accelerate the processing of freight transport
documents. The introduction of an unlimited permit regime once the transition to fully electronic document exchange is completed is also in plans. The growing volume of bilateral and transit cargo transportation showed the strategic roles of the two countries in key international transport corridors. Kazakhstan and Georgia agreed to exchange an additional 6,000 transport permits for 2026 to support rising demand. The countries also approved a preliminary quota of 20,500 permits for 2027. It will be 6,000 permits more compared to the previous period. The aim is to open new opportunities for freight carriers, strengthen regional logistics connectivity, and deepen trade and economic cooperation between Kazakhstan and Georgia.
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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Berlin increases imports of Ukrainian food products, which makes trade ties between Ukraine and Germany stronger. For example, honey exports grew by 15.8% year-on-year in the first half of 2026 and brought Ukraine $61.65 million. Nevertheless, export volumes fell to 17,700 tons (a 27.5% decline).
26.71% of export revenue from honey exports accounted for Germany. Then followed France (20.31%) and Poland (11.18%).
Also, exports of Ukrainian pasta and couscous increased in the 2025/2026 marketing year by about 130% compared with the previous season (29,500 tons). Again, 6,400 tons, or 21.6% of Ukraine’s total exports of pasta and couscous, went to Germany.
The second buyer, Moldova, imported 3,000 tons, or 16.9%. Then followed the United Kingdom with 2,700 tons, or 9%. Romania and Latvia imported 2,600 tons and 2,300 tons, respectively.
According to the data, Germany is becoming an increasingly important market for Ukrainian food exporters. It supports the diversification of Ukraine’s agricultural and processed-food exports into the EU.
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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According to Fitch Ratings, Serbia got BB+ credit rating with a positive outlook for its upgrade to investment grade for the fourth consecutive time.
Fitch explains Serbia’s credit rating by a stable mix of economic policies, a commitment to maintaining exchange rate stability, responsible fiscal management. High foreign exchange reserves and a higher gross domestic product per capita compared to countries with the same rating are also important.
Expectations of accelerated economic growth, fuelled by investments, stabilization of public debt at a relatively low level, and the economy’s resilience to external shocks are also basis for the positive outlook.
According to Fitch, Serbia’s economic growth accelerated in early 2026 and will remain stable due to the completion of projects from the “Leap into the Future” program. The holding of the EXPO 2027 international exhibition will be an additional impetus to growth in 2027.
Fitch expects economic growth to stabilize at around 3.5 percent per year. Also, gross domestic product per capita, expressed in dollars, would grow by about 50 percent between 2024 and 2028.
As Fitch estimates, Serbia’s current account deficit attained only 0.4 percent of projected GDP in the first four months. A smaller trade deficit, strong exports, especially in the automotive industry, a larger surplus in the exchange of services and an increase in remittance contributed to this.
A current account deficit of 4.5 percent of GDP is less than the 4.9 percent recorded the previous year, despite higher energy prices. They expect higher exports of tourism services related to the EXPO 2027 to cause a further decline in 2027.
As the agency estimates, net foreign direct investment inflows will stabilize at just below 3 percent of GDP in the period from 2026 to 2028.
As Fitch expects, Serbia’s fiscal policy will remain responsible despite the potential upcoming election cycle. The agency estimates the fiscal deficit in 2026 at 3 percent of GDP, despite support measures for vulnerable groups and pensioners worth around 0.6 percent of GDP.
As the report shows, higher fiscal measures will cover these revenues. Meanwhile, they expect the fiscal deficit to decrease to 2.5 percent of GDP by 2028. This is in line with the goals defined in the arrangement with the International Monetary Fund.
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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A meeting between Serbian Minister of Foreign Affairs Marko Djuric and Brazil’s Ambassador to Belgrade, Maria Clara de Abreu Rada took place today. They discussed Djuric’s recent visit to Brazil and the next steps in advancing bilateral cooperation.
According to him, Serbia and Brazil share a common understanding on a wide range of issues and are interested in further strengthening cooperation in such areas as agriculture, trade and investment, air transport.
Djuric added that developing cooperation between the diplomatic academies of Serbia and Brazil got a particular attention during the meeting.
The Serbian Minister expressed gratitude to his Brazil’s partners for their hospitality during his recent visit and confidence in the positive momentum in bilateral relations.
During talks with Djuric, the Brazilian Foreign Minister Mauro Vieira stated that his country would consistently respect the sovereignty and territorial integrity of Serbia.
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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