NEWS

A number of protocols have been signed by Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Moldova Dorin Recean to simplify the crossing of the Ukrainian-Moldovan border for citizens and cargo.
Shmyhal said that agreements on joint control at border crossing points continue to be implemented by Ukraine and Moldova. He signed a number of protocols during an online meeting with Prime Minister Dorin Recean to simplify and reduce the time for citizens and cargo to cross the Ukrainian-Moldovan border.
According to him, trade and economic cooperation between Ukraine and Moldova will be intensified by this and the efficiency and effectiveness of border crossing capacities will be increased due to the best European practices.
Shmyhal emphasized on special importance of the latter in the context of Ukraine’s movement towards the European Union.
Ukrinform reported that Prime Ministers of Ukraine and Moldova Denys Shmyhal and Dorin Recean had discussed joint work on the path to the European Union during a phone call in November.
NH Logistics UA 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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Ukrainian agricultural imports to the EU increased by 11% between January and September this year compared to the same period in 2022, and it makes the country keep the third place among the largest suppliers of agricultural products to the EU.
Ukrinform refers to the latest report of the European Commission on EU agricultural trade, published in December this year.
The largest increase is shown by imports from Ukraine from January to September compared to 2022 (+EUR 891 million, or +11%), mainly due to higher grain imports. According to the report, EU imports from Ukraine have been below the level of 2022 since June and almost returned to the level of 2021 in September this year.
Totally, the volume of EUR 8.750 billion was reached by Ukrainian agricultural exports to the EU in the period from January to September 2023. Only Brazil and the United Kingdom are larger exporters of agricultural products to the EU than Ukraine.
Agricultural products worth EUR 2.505 billion were imported from the EU by Ukraine during the same period (19% more than in the same period in 2022).Ukraine ranks 14th (1% of total EU agricultural exports) among the most important destinations for European agricultural exports.
The European Commission reports that the EU’s total trade balance in the period from January to September 2023 reached EUR 51 billion (EUR 8.5 billion more than in the same period of 2022).
According to the report, solidarity lanes on the borders with Ukraine were established by the EU to transport Ukrainian agricultural exports to the European and global markets by land after the blockade of Ukraine’s Black Sea ports.
Imports of wheat, corn, rapeseed, and sunflower from Ukraine to Bulgaria, Hungary, Poland, Slovakia, and Romania were banned by the European Commission at the insistence of these countries in May 2023. It extended the ban until September 15, 2023 on June 5. On September 15 it was announced by the European Commission that the EU would not extend the temporary restrictions on Ukrainian grain, after which a unilateral ban on agricultural imports from Ukraine was imposed by Poland and Hungary, although the neighboring countries continued the transit of Ukrainian agri-products.
At present, Polish checkpoints are blocking cargo transportation from Ukraine on the initiative of Polish carriers. Checkpoints are also blocking transportation routes on Ukraine’s borders with Slovakia and Hungary.
NH Logistics UA 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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A 14.7 percent year-on-year increase was posted by the Georgian external trade turnover in January-November, totally amounting to $19.62 billion.
According to the National Statistics office, the top trading partners of Georgia in its total external trade turnover between January and November were Turkey ($2.71 billion), Russia ($2.19 billion) and the United States ($1.84 billion).
Azerbaijan ($787.8mln), Armenia ($710.7mln) and Kazakhstan ($649.2mln) were the country’s top trading partners by exports, while Turkey ($2.32bln), the US ($1.76bln) and Russia ($1.58bln) topped imports.
Motor vehicles ($1.94 billion, 34.9 percent of total exports), copper ores and concentrates ($472.2 million, 8.5 percent), wine of fresh grapes ($240.3 million, 4.3 percent) were the top export items. Motor vehicles ($2.88 billion, 20.5 percent of the total imports), petroleum and petroleum oils ($1.05 billion, 7.5 percent) and medical drugs ($489.6 million, 3.5 percent) were included in the three top import commodities.
The growth by 11.1 percent was attained by the value of exports that totally reached $5.58 billion. Imports also increased by 16.3 percent and amounted to $14.04 billion in the reporting period.
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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According to the Embassy of Austria in Belgrade, where the results of the survey carried out among the Austrian companies about the business climate in Serbia were presented, 800 branch offices of Austrian companies operate in Serbia, securing 23,000 jobs. Austrian investments in Serbia amount to EUR 3.6 billion.
As Juergen Schroeder, the trade adviser at the Embassy of Austria, pointed out, in 2022 the export of goods from Austria to Serbia had been higher than EUR 1 billion. They expected the results for 2023, still not known, to exceed those from the previous year.
He said that it is good that, in the survey carried out, the economic climate in Serbia in this year has not been characterized as worsened compared to 2022, but it is bad that the expectations of business people from the next year are not good.
The results of the survey say that only seven percent of those surveyed expect the business climate to improve in the next year, whereas 44% believe that the state of the economy will remain unchanged and the same percentage of the subjects believe that it will worsen.
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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