The overall external trade in the Republic of Serbia for the period January – February 2025 amounted to: – USD 11533.9 million – which was an increase of 0.1% compared to the same period last year; – EUR 11110.1 million – which was an increase of 4.7% compared to the same period last year. The … Read more
As Aleksandr Bashliy, Head of foreign economic relations at BUCE, said during a seminar held in Belgrade on 25 March with support of the Belarusian Embassy in Serbia, The Belarusian Universal Commodity Exchange (BUCE) intends to expand cooperation with Serbian business communities, including through brokerage partnership.
During the seminar, Serbian companies were exploring the possibility of using exchange mechanisms to facilitate export-import transactions with Belarusian enterprises.
Also, Aleksandr Bashliy said that it would become possible to exchange trade between the two countries and to reach a brand-new level due to accrediting a brokerage company in Serbia to represent BUCE’s interests and facilitate the involvement of Serbian business communities in the Belarusian exchange platform.
According to him, Serbia is a key trading and economic partner for Belarus in the Balkans. This is why significant focus is placed on developing cooperation between our countries, including in exchange trading. As a result, the exchange trade between Belarus and Serbia increased by 37 times last year and by ten times in January-February 2025. to Nevertheless, it needs to enhance the level of Serbian business engagement in trading on BUCE’s platform despite the rapid growth in the exchange trade. However, it is possible to effectively address this matter by accrediting an exchange broker in Serbia, who would not only assist Serbian businesses in participating in trades but also handle payments and organize logistics.
As he pointed out, a local broker would significantly simplify access for Serbian companies to the Belarusian exchange market and diversify the trade structure.
At present, there are only eight accredited Serbian resident companies, which is not enough for better results in mutual trade. A broker would allow Serbian companies to start trading on the exchange platform more quickly, without spending time on paperwork, training and other preparatory activities. 54 brokerage companies, including 21 non-residents from 10 countries were accredited by BUCE as of 25 March 2025.
The Belarusian Universal Commodity Exchange, one of the largest commodity exchanges in Eastern Europe founded in 2004, organized its first trading session in June 2005. Assistance to Belarusian enterprises with export and foreign companies with entering the Belarusian market is its main function. A wide range of metal, forestry and agricultural products, industrial and consumer goods are sold by BUCE.
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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The Belarusian Universal Commodity Exchange (BUCE) intends to expand cooperation with Serbian business communities, including through brokerage partnership, Head of foreign economic relations at BUCE Aleksandr Bashliy said during a seminar held in Belgrade on 25 March with support of the Belarusian Embassy in Serbia, the BUCE press service told BelTA. Attending the seminar were … 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
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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