The Serbian Finance Ministry said on Wednesday that three Chinese-owned companies are the country’s biggest exporters. It named Zijin Mining (957.1 million Euro worth of exports), Zijin Copper (633.5 million Euro) and the HBIS Group which owns the Smederevo steel plant (458.9 million Euro) as the biggest exporters. The Finance Ministry said that the 15 … Read more
Georgia’s top trading partners by exports were Azerbaijan ($713.5mln), Armenia ($657.5 million) and Kazakhstan ($579.9 million), while imports were topped by Turkey ($2.10 billion), US ($1.59 billion) and Russia ($1.48 billion). Photo: Geostat Turkey with $2.46 billion, Russia with $2.04 billion and the United States with $1.66 billion were the top trading partners of Georgia … Read more
The strength of the economic ties between France and Serbia has been highlighted by Ambassador Pierre Cochard. Trade turnover reaching nearly two billion euros proves this fact. Ambassador made this statement at an event that the Serbian Chamber of Commerce (PKS) and “Coface” organized to mark the 10th anniversary of their collaboration and the “EXCELLENT SME” certificate in Serbia.
Pierre Cochard said that trade volume between the two countries increased by 34.2 percent in 2022 compared to the previous year and now approached two billion euros. These words pointed out that the financial support agreement of 2019, aimed to strengthen economic bonds, has particularly reinforced the relationship between the two nations.
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As Radio Free Europe announced on Wednesday, millions are being earned by a number of Serbian companies exporting goods to Russia, bypassing Western sanctions.
According to data to which RFE has access, more than 14,000 shipments of various goods to Russia were registered after the beginning of the war in Ukraine. This showed that goods worth millions of dollars that were on the list of productions covered by the US and European Union sanctions were shipped via Serbian companies.
RFE announced that goods worth more than 140 million dollars had been exported by the Belgrade-based Kominvex alone since the war in Ukraine began. The radio added that about a third were electronic components which could have a military use.
Serbia is recalled not to have aligned with the sanctions policies against Russia.
As RFE said, state of the art technology products, including the US INTEL and AMD, were used to be shipped by Serbian companies. Serbian companies re-exported goods from countries in eastern Asia to Russian companies which are under sanctions individually as part of the supply chain to the Russian military industry.
The Serbian government and Ministries of Internal Affairs and Foreign Trade was said not to have responded to requests for comments and the Customs Authority is said to be refusing to release data on exports claiming it is protecting confidential company information.
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JSC Ukrzaliznytsia railway operator transported 13.584 million tons of cargo in October 2023, which is 12.8% up against September. That’s according to Valeriy Tkachov, deputy chief of the operator’s commercial department, Ukrinform reports. “According to operational data, in October 2023, 13.584 million tons of cargo was transported by railway (+1.542 million tons, or +12.8% to … Read more
Radio Free Europe said on Wednesday that a number of Serbian companies have been earning millions by exporting goods to Russia, bypassing Western sanctions. RFE said that it had access to data on more than 14,000 shipments of various goods to Russia after its invasion of Ukraine which showed that millions of Dollars worth of … Read more
The value of export increased by 12.5 percent reaching USD 5 102.7 million, while the import increased 17.8 percent and amounted to USD 12 683.4 million. The trade deficit equaled USD 7 580.7 million and its share in trade turnover constituted 42.6 percent. Source Link
Otar Shamugia, the Georgian Agriculture Minister, and Cao Derong, the President of the Chinese Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products, had a meeting on Wednesday and highlighted close and fruitful economic cooperation between China and Georgia and future ties between the countries. According to Georgia’s Agriculture Ministry, … Read more
The opening ceremony of China International Import Expo, an import industry fair looking to facilitate strengthening of economic cooperation and trade between participating states, was featured in by a Georgian delegation led by the country’s Agriculture Minister Otar Shamugia on Sunday. According to the Georgian Ministry, the relations between the two countries and the strategic … Read more
In the 2023/2024 marketing year (MY) (from July 1 to November 6, 2023), Ukraine exported 9.8 million tonnes of grains and legumes. According to Ukrinform, the Ministry of Agrarian Policy and Food of Ukraine reported this. In the current MY, as of November 6, Ukraine has already exported 4.9 million tonnes of wheat, 698,000 tonnes … Read more