NEWS

The State Agency for the Restoration and Development of Infrastructure of Ukraine reports that work on launching of two new cargo checkpoints on the border between Ukraine and Romania is being carried out.
The issue of building checkpoints on the common border was discussed by representatives of the Restoration Agency and the State Customs Service of Ukraine with the Ambassador Extraordinary and Plenipotentiary of Romania to Ukraine Alexandru Victor Micula. The opening of new checkpoints was one of the topics of discussion.
The statement said that Ukraine and Romania are working on new projects for the Bila Krynytsia-Climăuți and Bila Tserkva-Sighetu Marmației cargo checkpoints.
Two checkpoints on the border with Romania – Solotvyno-Sighetu Marmației in Zakarpattia region and Porubne-Siret in Chernivtsi region are currently operated by the State Agency.
A strategically important role of checkpoints for the development and support of export and import potential during the war was noted in the institution. So, a priority for the Agency in 2024 is increasing capacity, reconstruction of the checkpoints themselves and the infrastructure around them.
According to the reports, 20 of Ukraine’s 42 road, rail, and port checkpoints on the border with Moldova, Poland, Slovakia, and Romania have already been inspected by the team of the USAID Economic Support to Ukraine Project and rapid upgrades have begun at four priority checkpoints.
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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The Ministry of Economy preliminary estimates that the increase of the volume of gross domestic product attained about 5% last year.
First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko reported this data during the discussion “Economy in 2023: Overview of Key Figures” organized by the Center for Economic Strategy in cooperation with the German Economic Team.
The rapid adaptation of Ukrainian business to the current extremely difficult conditions was emphasized by Svyrydenko. Operations of more than 90% of enterprises that had shut down at the beginning of the war have already been resumed.
She says that the field of public administration and defense showed the largest growth. Military salaries and funding for defense programs are primarily concerned by this.
Svyrydenko said that construction also developed at a fairly high pace. Damaged critical infrastructure was actively restored due to investment demand, which was formed due to significant budget funding. Favorable weather conditions had a positive impact on agriculture: 80 million tons of grains and oilseeds were harvested by farmers. The recovery in consumer demand and supply of goods drew the growth in domestic trade, and the growth in demand for investment products drew the manufacturing industry.
Simultaneously, the rhythmic flow of international financial assistance played a key role in ensuring the stability of the Ukrainian economy. It reached $75 billion over the two years of the full-scale war.
The Deputy Prime Minister said that 67% of the funds came from Ukraine’s main partners, the EU and the U.S. Due to this, the country’s priority needs of the budget were covered, social spending was ensured and financial stability was maintained, even the preconditions for macroeconomic stability were created this year. It resulted in the domestic GDP increase by about 5% in 2023, according to preliminary estimates, while in 2022 the economic decline reached 28.8%. This is the so-called recovery growth.
According to the reports, the Ukrainian economy’s growth by 3.2% this year and in 2025 – by 6.5% has been predicted by the World Bank. The WB estimated last year’s growth more pessimistically than the Ministry of Economy’s – at 4.8%.
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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Serbia’s one-year presidency over the Central European Free Trade Agreement (CEFTA) has been assumed. The consolidation and boosting of the implementation of the agreement, the facilitation of the trade of goods and services between the parties to the agreement and digitization will be in its focus, among other things, in the next year.
When it comes to the volume of the trade, the CEFTA market is the second biggest partner for the Serbian economy, right behind the EU. The amount of EUR 5.4 billion was reached by Serbia’s trade with the CEFTA member-countries in the first 11 months of 2023. According to the acting director of the CEFTA Secretariat, Danijela Gacevic, the presiding over the CEFTA will be a good opportunity for Serbia to prove itself as a constructive and reliable partner. Serbia will not only preside over a joint committee as the most important decision-making body, but also have the opportunity to head other subcommittees, that is, technical bodies, in which discussions important for certain aspects of the agreement will be had.
Several aspects make the presidency important. The first one is the ability of the party that presides and runs the processes to prepare the agenda and to have questions which are important at that moment. The second one is the opportunity for the presiding country to show itself as a constructive and reliable partner, which has adequate capacities to run regional processes from the aspect of European and regional integration. The last one is the ability of the presiding party to show itself as a good host.
Gacevic adds that that Serbia will also preside over the subcommittee for non-tariff measures, the subcommittee for the trade of services and the committee for trade facilities in addition to presiding over the joint committee as the most important decision-making body within the agreement.
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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According to the Ministry of Economy, one of the lowest levels in the last decade was reached by export revenues last year due to logistics problems.
Minister of Economy Yulia Svyrydenko said that export revenues reached one of the lowest levels in the last decade last year as a result of logistics problems. To solve them, an alternative corridor in the Black Sea has been launched and river transportation on the Danube is being developed. Negotiations with the Polish side to unblock the border are being carried out.
Yulia Svyrydenko explained by this the fact that Ukrainian export overpassed $3 billion in December for the first time in the second half of the year and 10 million tons for the first time since March.
According to the Ministry of Economy, by the end of 2023, Ukraine’s exports increased and amounted to almost 100 million tons of goods (112,000 tons more than in 2022), but in value terms, it was a decrease by 18.7% or $35.8 billion.
A significant trade deficit in goods worth $26.4 billion experienced by Ukraine last year was noted by Svyrydenko. Two key factors – problems in logistics and defense needs in 2023 – caused it. The work of the Government aimed at strengthening export logistics with air defense systems and searching for new ways to export goods and services will be continued in 2024. The localization of defense industry enterprises in Ukraine will also be promoted.
According to the reports, goods worth $32.8 billion were exported by Ukraine in January-November 2023. Goods worth $44.1 billion were exported by Ukrainian business in 2022.
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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