More than $147.5 million will be allocated by the development bank through lending facilities. On June 27, the Development Bank of Kazakhstan (DBK) announced that it is inviting Kazakhstan’s exporting companies to take easy loans. In other words, the bank has money, a lot of money and it is ready to lend these financial resources … Read more
The parties also expressed readiness to hold a meeting of the Georgian-Hungarian Economic Cooperation Commission in the near future, and highlighted the importance of the operation of the Hungarian budget airline Wizzair in development of the Georgian airline and tourism markets. Photo: Ministry of Economy. The growing trade dynamics between Hungary and Georgia, wider economic … Read more
The harmonization and simplification of customs procedures are of constant interest to TRACECA member countries, Secretary General of the Permanent Secretariat of the Intergovernmental Commission (PS IGC) TRACECA Asset Assavbayev said, press service of TRACECA told Trend. Assavbayev made the statement during the first virtual workshop on customs issues along the TRACECA routes (Europe-Caucasus-Asia). According … Read more
Armenia’s economic activity index increased by 10.2% in January-May 2022 compared to January-May 2021, the Statistical Committee said. The industrial production volume increased by 2.7%, that of construction by 11.4% in January-May 2022 compared to the same period of 2021. 8.9% increase was registered in trade turnover in the same period. The services volume recorded … Read more
According to the Kazakhstan Temir Zholy company’s office in Baku, railroad transportations between Kazakhstan and Azerbaijan increased more than 3.5 fold in January-May 2022 against the same period in 2021.
1,388,100 tons of cargo was transported between JSC NC Kazakhstan Temir Zholy and CJSC Azerbaijan Railways (increased by 1,088,800 tons or by 364% compared to the same period in 2021).
Grain shipment made the volume of exports to Azerbaijan rise by 128,300 tons or 6.1-times. The shipment of oil products and ferrous metal caused the growth of transportation through Azerbaijan by 884,600 tons, or 13.5 times. An increase in the transportation of chemicals and soda made imports to/through Azerbaijan rise by 72,800 tons or by 115%.
Growth of foodstuffs transportation made transit transportations rise by 3,100 tons or by 2%.
The Azerbaijani Center for Agrarian Research announces that in January-May 2022 export of Kazakhstan’s grain to Azerbaijan made 146,900 tons and amounted to $49.1mln.
The increase of the volume of exports amounted to 2218.4%, and to 2834.4% in monetary terms, compared to January-May 2020 (6,300 tons).
The rise of the share of Kazakhstan’s grain in Azerbaijan’s imports amounted to 41.1%.
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According to Nenad Popovic, the minister in charge of innovations and technological development, the latest issue of the regular annual report of the American organization Startup Genome highlights the excellent results of the Serbian startup ecosystem.
Serbia was announced to be a world leader in attracting foreign direct investments per capita.
The website of the Government of Serbia emphasizes on the increase by 600% compared to the previous year in 2021 (local startups had attracted over USD 135 million in investments) and on the realization of over USD 1.7 billion in tech-sector export revenues.
According to the minister, the extraordinary work of Serbian engineers, innovators, technical faculties, private initiatives such as the Digital Serbia, legal and strategic acts adopted by the state in the preceding five years, as well as other systemic measures of the government and its institutions and organizations made the positive trend in the development of the innovation ecosystem of Serbia possible.
This report says that the adoption of the Strategy of the Development of the Startup Ecosystem from 2021 to 2025 is one of the most important steps forward, aimed to accelerate the development of the startup ecosystem and incite innovations.
The upgrade of the infrastructure and support programs, the affirmation of entrepreneurial education on all levels is entailed by this. 1,200 active startups in Serbia is the overall goal.
They rate gaming and the blockchain sector as the strongest ones in the ecosystem of Serbia. Over 2,200 people were employed by the gaming industry in 2012, and the income close to EUR 200 million was realized by it.
So, Nordeus’ becoming part of Take Two is especially important. It has also made Serbia a top destination for the development of blockchain-based products.
The amount of USD 58.6 million was precisely the one of the most noticed investments received by the blockchain development platform Tenderly.
The high level of activities and the development of programs and organizations which provide support to local startup teams, such as the Group of Business Angels, founded by the Digital Serbia Initiative, were recognized as the main advantages by the report.
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Compared to the corresponding period of 2021, the figure increased by $5.6 billion, the State Statistics Committee said. During the reporting period, the republic exported products ($7.2 billion) and services ($1.1 billion) for a total of $8.3 billion. Imports, in the meantime, were recorded at $12.2 billion (products – $11.2 billion, services – $930 million). … Read more
Ukraine has recently exported by land an average of 1.5 million tonnes of grain a month. “In recent months, we have exported an average of 1.5 million tonnes of grain by land – by rail and by road,” Olha Trofimtseva, Ambassador-at-Large at the Ministry of Foreign Affairs of Ukraine, Coordinator of the Exporters and Investors … Read more
A minister at the Government of Serbia and the president of the Serbian part of the Intergovernmental Committee for Cooperation with Russia, Nenad Popovic, and the deputy prime minister of Russia and the president of the Russian part on the Intergovernmental Committee, Yury Borisov, held a bilateral meeting on the sidelines of the 25th St. … Read more
The trade turnover between Azerbaijan and Moldova amounted to about $ 10 million in January-May of this year. Official figures suggest that the volume of exports from Azerbaijan to Moldova amounted to $8.1 million, while imports from Moldova to Azerbaijan made $1.8 million in the first five months of 2022. Source Link