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
Israeli importers are increasingly interested in Serbian products, the signing of a free trade agreement between the two countries is expected in September, while additionally, Israel has confirmed its participation in Expo 2027 in Belgrade, as announced by the Chamber of Commerce of Serbia (CCIS). – Following the visit of Foreign Minister Marko Djuric to … Read more
Trade between Egypt and Serbia has seen substantial growth recently, jumping from $94 million in 2022 to approximately $300 million in 2024, according to Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk. Egyptian exports to Serbia reached about $72 million, while Serbian exports to Egypt totaled around $41 million. The services sector, primarily tourism, … Read more
Serbia’s revenue from the export of information and communication technologies (ICT) reached a record high 4.13 billion euro ($4.31 billion) in 2024, up by 20% from the prior year, the ministry of information and telecommunications said on Wednesday. The trade surplus in ICT services amounted to 3.2 billion euro in 2024, compared to a surplus … Read more
The overall external trade in the Republic of Serbia for the period January-December 2024 amounted to EUR 68.19 billion, which was an increase of 4.1% compared to the same period last year, announced the Statistical Office of the Republic of Serbia. The value of exports amounted to EUR 29.16 billion, which was a 1.8% increase … Read more
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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Ukraine needs another $1 billion to expand the powers of the Export Credit Agency in insuring exports of grain crops and commodities, Ukrainian Agrarian Policy and Food Minister Vitaly Koval said. “The Agrarian Policy and Food Ministry and the Economy Ministry have done joint estimates, and I can tell you that we need around $1 … Read more
The overall external trade in the Republic of Serbia for the period January-December 2024 amounted to: – USD 73831.8 million – which was an increase of 4.3% compared to the same period last year; – EUR 68189.6 million – which was an increase of 4.1% compared to the same period last year. The value of … Read more
Ukrainian Agrarian Council’s First Ukrainian Agricultural Cooperative report that sugar prices on the domestic market may increase due to the resumption of sugar exports from Ukraine to the European Union.
According to analysts, new trade liberalization agreements will give Ukrainian producers access to the EU market from January 1, 2025. It means that Ukraine will be able to export larger quantities of sugar to the European market without having to pay additional fees, which previously held back exports growth.
Analysts say that the opening of the EU market is an important event for our industry. Ukraine is only starting to conclude contracts on exports to Europe, but the pace of this work is expected to be picked up as soon as February-March. Ukrainian sugar has been actively exported to Turkey and African countries in January, but the European market is gradually becoming more important.
As analysts said, they sell sugar in Ukraine at a relatively stable price of UAH 23,000-24,500 per tonne, but seasonal factors and exports growth could make it gradually increase in the near future.
According to the analysts, there is a usual period of seasonal increase in sugar prices in January-May. The prices will obviously start to increase, as the current level of prices is one of the lowest. The dynamics will also be contributed by the opening of the European market.
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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