Ukraine’s foreign trade deficit in goods increased 55.6% to $2.34 billion in January 2025 from $1.5 billion in January 2024, Ukrainian media said, citing the State Statistics Service. Exports of goods from Ukraine dropped 11.5% year-on-year to $3.18 billion in January 2025, while imports rose 8.2% to $5.51 billion, the State Statistics Service said. Ukraine’s … Read more
The overall external trade in the Republic of Serbia for the period January 2025 amounted to: – USD 5356.0 million – which was an increase of 0.6% compared to the same period last year; – EUR 5182.9 million – which was an increase of 6.4% compared to the same period last year. The value of … Read more
In January-February 2025 the external merchandise trade (excluding non-declared trade) of Georgia amounted to USD 3 567.6 million, 15.6 percent higher year-on-year. The exports equaled 835.4 million (4.0 percent higher), while the imports stood at USD 2 732.2 million (19.6 percent higher). The negative trade balance was USD 1 896.9 million in January-February 2025 and … Read more
In January-February 2025 the exports of Georgia (excluding non-declared exports) equaled USD 835.4 million, 4.0 percent higher year-on-year. Share of the domestic exports in total exports constituted 46.5 percent and amounted to USD 388.5 million, 1.3 percent lower to the same period of 2024. In January-February 2025 the share of the top ten trading partners … Read more
An event hosted by the Kazakh-Georgian Economic Union presented the findings of PMCG’s policy paper “Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor” on 24 December 2024.
Attendees were guided through the comprehensive document, which offers informed insights into the prospects and potential means of strengthening trade ties between Georgia and Kazakhstan, during proceedings by the founder of the Union, Giorgi Jakhutashvili.
Particularly, the document identified new, potentially profitable products for exchange and underscored Georgia’s pivotal role as a transit corridor for trade to and from Central Asia.
At first, distinguished guests, including the Ambassador of Kazakhstan to Georgia and representatives from the private sectors of both counties, discussed opportunities to enhance bilateral trade and economic collaboration.
Consequently, participants had a dialogue about PMCG’s paper and explored actionable steps to deepen trade relations, address the challenges identified in the document, and foster mutually beneficial partnerships.
As a result, stakeholders from both Kazakhstan and Georgia reinforced their shared commitment to expand economic ties.
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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The European Bank for Reconstruction and Development (EBRD) said that the European Union provided a 2.8 million euro ($3.0 million) grant for the development of a joint border railway station between North Macedonia and Serbia.
Previously, they signed the grant agreement in Skopje on Wednesday. The Western Balkans Investment Framework (WBIF) provided the funds and will finance construction and technical assistance.
According to the statement, the EBRD has already provided a 5 million loan for the project.
As it is planned, the borders will cross each other in North Macedonia’s Tabanovce on the Corridor X rail route. The aims of the project are to revamp the railway station’s existing buildings in line with energy efficient standards and to equip them with photovoltaic panels.
As North Macedonia’s transport minister Aleksandar Nikoloski hopes, with efforts from both sides, the one-stop-shop crossing will pave the way for restoring regular passenger rail service between Skopje and Belgrade.
According to the EBRD, North Macedonia’s railway sector alone got over 340 million euro of investments.
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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Ukraine’s exports of rolled metal products plummeted between 2021 and 2024, Deputy Economy Minister and Trade Representative Taras Kachka said. The top three commodity groups where exports saw the largest declines in terms of value over those four years also include iron ores and iron concentrates (-$4.1 billion) and semi-finished steel products (-$3.17 billion), Ukrainian … Read more
The European Union is providing a 2.8 million euro ($3.0 million) grant for the development of a joint border railway station between North Macedonia and Serbia in an effort to improve regional connectivity and cooperation, the European Bank for Reconstruction and Development (EBRD) said. The grant agreement was signed in Skopje on Wednesday. The funds … Read more
On 24 December 2024, the findings of PMCG’s “Facilitating Trade with Central Asia: Georgia’s Role as a Transit Corridor” policy paper were presented at an event hosted by the Kazakh-Georgian Economic Union. During proceedings, the founder of the Union, Giorgi Jakhutashvili, guided attendees through the comprehensive document, which offers informed insights into the prospects and … Read more
Ukrainian Agri Council head Andrei Dikun said in an interview with local media that 20% of the Ukrainian agricultural sector’s total output will be a maximum that it will export to the European market after Ukraine becomes a European Union member. The rest will go to traditional markets for Ukrainian agricultural products.
However, Dikun denied that the prospect of subsidies from the common EU budget is the main reason why Ukrainian agricultural enterprises want to gain access to the European market. He also mentioned Ukrainian farmers’ concern about the EU’s tough requirements for agricultural technologies. However, the excessively complex rules of the European Green Deal also concern European farmers.
Consequently, Dikun expressed his hope for the change of the Agricultural Policy by new European Parliament. He also mentioned that Ukrainian farmers needed a transitional period to study these rules well enough, to get used to them before following them.
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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