NEWS

More than USD 135 Million is attracted in investments by Local Startups in 2021

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According to Nenad Popovic, the minister in charge of innovations and technological development, the latest issue of the regular annual report of the American organization Startup Genome highlights the excellent results of the Serbian startup ecosystem.
Serbia was announced to be a world leader in attracting foreign direct investments per capita.
The website of the Government of Serbia emphasizes on the increase by 600% compared to the previous year in 2021 (local startups had attracted over USD 135 million in investments) and on the realization of over USD 1.7 billion in tech-sector export revenues.
According to the minister, the extraordinary work of Serbian engineers, innovators, technical faculties, private initiatives such as the Digital Serbia, legal and strategic acts adopted by the state in the preceding five years, as well as other systemic measures of the government and its institutions and organizations made the positive trend in the development of the innovation ecosystem of Serbia possible.
This report says that the adoption of the Strategy of the Development of the Startup Ecosystem from 2021 to 2025 is one of the most important steps forward, aimed to accelerate the development of the startup ecosystem and incite innovations.
The upgrade of the infrastructure and support programs, the affirmation of entrepreneurial education on all levels is entailed by this. 1,200 active startups in Serbia is the overall goal.
They rate gaming and the blockchain sector as the strongest ones in the ecosystem of Serbia. Over 2,200 people were employed by the gaming industry in 2012, and the income close to EUR 200 million was realized by it.
So, Nordeus’ becoming part of Take Two is especially important. It has also made Serbia a top destination for the development of blockchain-based products.
The amount of USD 58.6 million was precisely the one of the most noticed investments received by the blockchain development platform Tenderly.
The high level of activities and the development of programs and organizations which provide support to local startup teams, such as the Group of Business Angels, founded by the Digital Serbia Initiative, were recognized as the main advantages by the report.

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In January-May 2022, the foreign trade turnover of Uzbekistan reached $20.5 billion.

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Compared to the corresponding period of 2021, the figure increased by $5.6 billion, the State Statistics Committee said. During the reporting period, the republic exported products ($7.2 billion) and services ($1.1 billion) for a total of $8.3 billion. Imports, in the meantime, were recorded at $12.2 billion (products – $11.2 billion, services – $930 million). … Read more

Serbia and Russia to Work on Unobstructed Trade Exchange

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A minister at the Government of Serbia and the president of the Serbian part of the Intergovernmental Committee for Cooperation with Russia, Nenad Popovic, and the deputy prime minister of Russia and the president of the Russian part on the Intergovernmental Committee, Yury Borisov, held a bilateral meeting on the sidelines of the 25th St. … Read more

Kazakhstan-Azerbaijan railroad transportations rise 3.5fold

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In January-May 2022 railroad transportations between Kazakhstan and Azerbaijan increased more than 3.5fold against the same period in 2021, Kazinform learned the Kazakhstan Temir Zholy company’s office in Baku. The volume of transportations between JSC NC Kazakhstan Temir Zholy and CJSC Azerbaijan Railways reached 1,388,100 tons having increased by 1,088,800 tons or by 364% compared … Read more

Georgian domestic exports up 37.5% in January-May

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Geostat said local exports in the country had accounted for 75.7 percent of total exports in the reporting period, amounting to $1.59 billion, 42.7 percent higher compared to the same period of 2021. Photo: Nino Alavidze/Agenda.ge Georgia has exported locally produced goods worth $2.11 billion between January-May, which is a 37.5 percent increase year-on-year, preliminary … Read more

Ukraine was Azerbaijan’s top export market among CIS countries in five months

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Ukraine was Azerbaijan’s top export market in January-May 2022, according to the State Customs Committee. Ukraine, Russia and Belarus were the largest export destinations of Azerbaijan among the CIS member states. The volume of export with Ukraine made $321.5 million, while it amounted to $271 million with Russia and $72.3 million with Belarus. Source Link

EAEU states agree to develop Eurasian transportation routes

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The member states of the Eurasian Economic Union (EAEU) are ready to boost the activities on developing the Eurasian transportation corridors and routes, Chairman of the Board of the Eurasian Economic Commission (EEC) Mikhail Myasnikovich told reporters summing up the results of the session of the Eurasian Intergovernmental Council held in Minsk, Belarus. “A decision … Read more

Moldova takes measures to support freight carriers.

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A meeting between Deputy Prime Minister Andrei Spinu, Minister of Infrastructure and Regional Development and several freight operators was held yesterday. The flow of traffic at border crossings, the liberalization of road freight transport with the European Union and the price of road transport permits was discussed during this event.
The institution claims that in order to reduce the waiting time for freight trucks at border crossing points, rapid measures to streamline traffic and unblock the situation at customs were taken by the Ministry of Infrastructure and Regional Development (MIDR) together with the relevant authorities.
According to MIDR, they have set up a joint group to coordinate the actions of the Moldovan and Romanian authorities at border crossing points in order to reduce waiting times for lorries; the Leușeni-Albița border crossing point is the first customs point of the Moldovan-Romanian joint team; the Romanian side operationalizes the customs control with the help of several electronic document processing devices; they organize the flows of goods according to the load. For example, empty trucks may cross in transit through low-capacity crossing points.
They have also increased the number of customs workers to raise the processing rate and the customs activity’s efficiency; they synchronized the work schedule between the control teams from the Republic of Moldova and Romania and made the phytosanitary and sanitary-veterinary authorities in Romania operate on a 24/7 basis; special services check and present the status of the functionality of scanners, scales and other truck scanning and checking technologies at each border crossing point.
The minister mentioned a decrease of the price of road transport permits to 5 euros. CEMT authorizations will cost 150 euros for an annual authorization and 40 euros for a monthly authorization.
The participants also discussed the liberalization of bilateral freight and transit services between EU member states and the Republic of Moldova during the meeting. According to Andrei Spinu, an Agreement between Moldova and the EU MIDR is being negotiated about. It will enter into force provisionally from the time it is signed, possibly at the end of June.

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