The Georgian external trade turnover amounted to $1.34 billion in January, posting a 14.8 percent year-on-year increase. Photo: Geostat Turkey with $232.6 million, Russia with $190 million and China with $96.4 million were the top trading partners of Georgia in its total external trade turnover in January, the National Statistics office said on Monday. The … Read more
According to the report of Ministry of Economy and Sustainable Development, Georgia’s trade turnover with the European Union increased by 15% last year and amounted to 4.5 billion dollars.
Genadi Arveladze, Deputy Minister of Economy and Sustainable Development, said that such Georgian export products as mineral water, fruit and vegetable preserves have increased.
According to Arveladze’s, the decrease in copper ores and ferroalloys in the EU market and also in other international markets caused 16.7% of the 18% of the total decrease.
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 Prime Minister of Ukraine Denys Shmyhal said during a joint briefing with Executive Vice President of the European Commission Valdis Dombrovskis, agreements in principle on further tariff liberalization of the trade regime between Ukraine and the European Union within the current cadence of the European Commission are necessary for Ukraine.
Autonomous trade liberalization measures needed for Ukraine’s further economic integration into the EU market were also discussed during the meeting. As Prime Minister said, the constructive approach of the European Commission in developing an initiative to extend autonomous trade liberalization measures for the state until June 2025 are supported by Ukraine.
He emphasized on the positive vote in the European Parliament’s committee on this issue and expressed his hope for a balanced position of the European Parliament during the vote on the extension of such measures and the approval of the European Commission’s proposal without any amendments.
Shmyhal noted that the mechanism provided for in Article 29(4) of the EU-Ukraine Association Agreement primarily provides such opportunities for Ukraine.
The Prime Minister expressed his conviction that they must set ambitious goals and work together to achieve them.
Ukrinform reported that the extension of trade liberalization measures to support Ukraine and Moldova was approved by the European Parliament’s Committee on International Trade on Thursday.
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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Ukraine seeks to reach agreements in principle on further tariff liberalization of the trade regime between Ukraine and the European Union within the current cadence of the European Commission. This was announced by Prime Minister of Ukraine Denys Shmyhal during a joint briefing with Executive Vice President of the European Commission Valdis Dombrovskis, an Ukrinform … Read more
The overall external trade in the Republic of Serbia for the period January 2024 amounted to: – USD 5266.1 million – which was a decrease of 3.3% compared to the same period last year; – EUR 4817.3 million – which was a decrease of 4.9% compared to the same period last year. The value of … Read more
External Merchandise Trade (excluding non-declared trade) of Georgia amounted to USD 2 941.5 million in January-February 2024, 5.0 percent lower year-on-year. The value of export decreased by 12.2 percent reaching USD 803.2 million, while the import decreased by 2.0 percent and amounted to USD 2 138.2 million. The trade deficit equaled USD 1 335.0 million … Read more
The European Commission put forward a proposal to extend the road transport agreement with Ukraine, with some updates. This is said in a press release published on the website of the European Commission, according to Ukrinform. The proposals, sent to the European Council, include updates to the agreement with Ukraine “to improve its practical implementation … Read more
The growing momentum in bilateral relations between the two nations is highlighted by the recent meeting between Azerbaijan’s Minister of Labor and Social Protection of Population and Co-Chair of the Intergovernmental Commission on Trade and Economic Cooperation, Sahil Babayev, and Serbia’s Ambassador to Azerbaijan, Dragan Vladisavljević.
The significant progress was achieved in Azerbaijan-Serbia relations, and the bilateral ties have been elevated to the status of a strategic partnership.
Mutual appreciation for the expanding scope of relations and the notable increase in trade turnover between Azerbaijan and Serbia marked the discussions between Minister Babayev and Ambassador Vladisavljević. Intergovernmental Commission on Trade and Economic Cooperation played the active role in fostering closer economic ties between the two nations.
Serbia’s steadfast determination to broaden its engagement with Azerbaijan, was reaffirmed by Ambassador Vladisavljević.
The parties directed their attention towards exploring the current state and future prospects of cooperation across multiple sectors (energy, transport-logistics, social welfare, agriculture, education, humanitarian aid, infrastructure) during the meeting. Eagerness to capitalize on existing synergies and explore new avenues of collaboration to unlock the full potential of their partnership was expressed by both sides.
Opportunities for mutually beneficial cooperation with Serbia in the energy sector are presented by Azerbaijan’s expertise and resources. Trade flows between the two countries and beyond are smoothed and connectivity is enhanced due to collaborative efforts.
Economic growth and regional connectivity can be bolstered further due to strengthening infrastructure ties and cooperation in social welfare, agriculture, education, and humanitarian initiatives. It will contribute to the well-being and development of both countries.
A shared commitment to fostering peace, stability and prosperity in the region makes Azerbaijan and Serbia cooperate deeper and cooperate resiliently to benefit their peoples and contribute to regional development.
A renewed commitment to advancing Azerbaijan-Serbia relations across multiple fronts is signaled by the meeting between Minister Sahil Babayev and Ambassador Dragan Vladisavljević. Both countries are willing to unlock new opportunities and cement their status as valued partners on the global stage. To do that, they explore avenues for cooperation.
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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The recent meeting between Azerbaijan’s Minister of Labor and Social Protection of Population and Co-Chair of the Intergovernmental Commission on Trade and Economic Cooperation, Sahil Babayev, and Serbia’s Ambassador to Azerbaijan, Dragan Vladisavljević, highlights the growing momentum in bilateral relations between the two nations. Against a backdrop of shared strategic interests and mutual respect, Azerbaijan … Read more
In 2023, airway companies of Georgia transported 358.5 thousand passengers and the passenger turnover amounted to 875.3 million passenger-kilometers. In the same period, compared to 2022, the number of passengers increased 2.0 times and the passenger turnover value increased 2.1 times. In 2023, airway companies of Georgia transported 224.2 thousand tons of freight and the … Read more