NEWS

Serbian President Aleksandar Vucic hosted his Ukrainian counterpart, Volodymyr Zelenskyy, in Belgrade. It demonstrates deepening of economic cooperation between the two countries, as they pledge to finalize a long-stalled free trade agreement by the end of the year. It was Zelenskyy’s first visit to Serbia since 2019, but the two leaders have met several times previously, most recently in Kyiv on July 15.
As Vucic said at a joint news conference, Serbia would support Ukraine’s bid to join the European Union and maintain its support for Ukraine’s territorial integrity. Nevertheless, Belgrade has refused to impose sanctions on Russia. For its part, Ukraine has not recognized Kosovo’s 2008 declaration of independence.
However, they have been discussing the proposed free trade agreement for more than twenty years. Now both sides are aiming to complete a deal by the end of the year. Serbia needs the agreement to join the World Trade Organization and then the EU. Since 2005, Ukraine has blocked the deal, as quotas and tariffs affected its agricultural sector. As both leaders pointed, the progress on the agreement signified strengthening economic ties. Also, Serbia promised to provide humanitarian aid and infrastructure and energy support to Ukraine this winter. According to Zelenskyy, they discussed joint infrastructure projects and cooperation on energy and food security before the winter.
The Ukrainian President also discussed economic and logistics projects with Serbian Prime Minister Duro Macut. The Danube Corridor and closer links between Ukraine, the Western Balkans and the EU were included. He expressed gratitude to Serbia for pledging 2 million euros ($2.3m) to support Ukraine’s energy sector.
As the Kyiv Post reports, Serbia’s Agriculture Minister Dragan Glamocic and Ukraine’s ambassador to Serbia Oleksandr Lytvynenko signed a memorandum on animal health and food safety.
Nevertheless, Vucic is doubtful about either Serbia’s or Ukraine’s rapid EU membership.
Serbian President does not expect the war in Ukraine to end soon. Despite its support of Ukraine, Belgrade has resisted joining Western sanctions against Moscow due to Serbia’s dependence on Russia for most of its gas. However, Serbia is trying to reduce some of its military dependence on Russia. An agreement to replace its ageing Soviet-era MiG-29 fighter jets with French Rafale aircraft illustrates this intention. In response to repeated accusations of selling ammunition that ultimately reached Ukraine through intermediaries, Belgrade has denied supplying ammunition to Ukraine.
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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As data from the State Customs Committee Trade showed, turnover between Azerbaijan and Georgia attained $574.9 million in January–June 2026. It is a 45.2% increase (up $179.04 million) compared to the same period last year. According to the data, Azerbaijan’s exports to Georgia demonstrated a 52.5% increase during the reporting period ($502.8 million in total). Meanwhile, imports from Georgia showed a 8.9% growth ($72.1 million). Notably, 2.3% of Azerbaijan’s total foreign trade turnover accounted for Georgia during the reporting period. Also, 3% of Azerbaijan’s total exports accounted for exports to Georgia. However, imports from the country accounted for 0.8% of total imports. In conclusion, the total volume of Azerbaijan’s foreign trade turnover with international partners increased by 1.1% compared with the same period a year earlier and attained $24.7 billion in the first half of 2026.
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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As the statistical office said on Friday, Serbia’s trade deficit narrowed by an annual 14% to 3.7 billion euro ($4.2 billion) in the first six months of 2026.
According to the data released by the statistical office, exports grew by 8.3% on the year to 18 billion euro In January-June. Meanwhile, imports increased by 3.7% to 21.7 billion euro.
Also, in the review period the export-import ratio attained 82.9%, compared to 79.4% in the first six months of 2025.
Electrical machines were Serbia’s most exported products in January-June (1.9 billion euro). Then followed road vehicles (1.87 billion euro), metal ores and residues (1.3 billion euro).
Electrical machines (1.6 billion euro), oil and oil derivatives (1.4 billion euro), and road vehicles (1.2 billion euro) constituted Serbia’s imports.
Germany (2.7 billion euro), Italy (1.5 billion euro) and China (1 billion euro) were Serbia’s main export destinations In January-June. Serbia imported goods mainly from China (3.4 billion euro), Germany (2.5 billion euro), and Italy (1.5 billion euro).
Nevertheless, Serbia’s trade gap widened from 454.9 million euro to 777.5 million euro deficit in June. Exports showed a 9% increase on the year and attained 3.2 billion euro in June. Meanwhile, the growth of imports was 17.3%. The total volume reached nearly 4 billion euro. The expansion of Serbia’s trade deficit in 2025 was 2.9% (8.8 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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