SERBIA

According to Ukrainian Agrarian Policy and Food Minister Vitaly Koval, another $1 billion is needed to expand the powers of the Export Credit Agency in insuring exports of grain crops and commodities.
As he said at the Grain Storage Forum in Kiev, the estimates were based on $200 per 5 million tonnes, which makes it $1 billion in total.
According to Koval, the government are exploring options of every existent institution and will be searching for additional funds to insure risks in agricultural exports and to enable Ukraine to draw the funds on international platforms in order to accumulate the money and increase agricultural exports.
Ukrainian agriculture’s limited access to cheap loans had also been admitted by Koval.
He said that an enterprise engaged in production and trade is underfunded, as loans account for only 9% (slightly more than UAH 100 billion) out of the total worth of Ukraine’s agricultural products (about UAH1.2 trillion).
Koval said that the global level of sufficient lending is 50%, and it stands at 202% of the gross domestic product in the United States. He also expressed great hopes on foreign assistance.
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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As Georgian Prime Minister Irakli Kobakhidze said on Wednesday, the Government’s “ambitious” task was restoring the country’s connectivity and transit function. He also highlighted the importance of deepening trade and economic ties with Kazakhstan as part of the effort.
A range of projects aimed at enhancing economic cooperation had been discussed during his meeting with his Kazakh counterpart Oljas Bektenov earlier today.
Kazakh government’s “firm decision” to enhance regional connectivity and “systematically” improve its infrastructure and conditions was also expressed and Georgia’s “significant” role in this process was emphasized during the meeting.
Satisfaction with the “active” cooperation between the two countries in developing the Trans-Caspian International Transport Route was expressed.
As Bektenov said, cargo traffic along this corridor has increased by 62 percent, reaching 4.5 million tonnes, over the past year.
He added that both countries serve as vital links in transcontinental transport corridors, offering efficient routes that connect Europe to China and Southeast Asia.
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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