Business news from Ukraine

Business news from Ukraine

Serbia and Ukraine strengthen cooperation in agriculture, trade, and technology

According to Serbian Economist, Serbia and Ukraine are intensifying cooperation in agriculture, trade, and technology exchange.

The Serbian side confirmed its interest in expanding imports of Ukrainian agricultural products, especially corn, wheat, oilseeds, and semi-finished products for the food industry. At the same time, they discussed increasing supplies of Serbian goods to the Ukrainian market, including meat, dairy products, feed, and planting material.

According to the Serbian Ministry of Agriculture, Kyiv and Belgrade are considering the possibility of creating joint logistics corridors that would allow them to bypass existing transit restrictions and speed up the movement of goods between the countries. Special attention was paid to the topic of plant protection, veterinary standards, and simplifying certification procedures for producers in both countries.

The parties also noted the potential for cooperation in the development of digital agriculture and agrotechnologies. Ukraine offered Serbian companies an exchange of practices on the use of drones, remote monitoring systems, and AI analytics to optimize agricultural production. The Serbian delegation, in turn, expressed its willingness to share its experience in organic farming and agricultural raw material processing.

During the meeting, the prospects for Serbian companies’ participation in programs to restore Ukraine’s agricultural infrastructure, including the modernization of grain storage, processing facilities, and logistics, were also discussed.

The negotiations are taking place against the backdrop of growing trade turnover: in recent years, the volume of bilateral trade in agricultural products has shown steady growth, and Serbia is becoming one of Ukraine’s key Balkan partners in the region.

The next meeting of the relevant ministries is expected to take place in early 2026, where the parties plan to present a roadmap for deepening cooperation in the agricultural sector.

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Japanese Prime Minister’s remarks on Taiwan have damaged trade between China and Japan, says Chinese government

On Thursday, the Chinese Ministry of Commerce said that Japanese Prime Minister Sanae Takaichi’s remarks on Taiwan had a negative impact on Sino-Japanese economic relations.

“Prime Minister Takaichi’s erroneous remarks on Taiwan, made in public, have fundamentally undermined the foundation of China-Japan relations and seriously damaged bilateral economic and trade ties,” Western media quoted ministry spokesman He Yongqian as saying.

“If the Japanese side continues to take such actions and continues to move in the wrong direction, China will resolutely take the necessary measures, and all the consequences will fall on Japan,” she promised.

The media reminds us that China is the second most important market for Japan. In 2024, according to the UN, China purchased $125 billion worth of Japanese goods, mainly industrial equipment, semiconductors, and automobiles.

In November, Takaichi said that an emergency situation around Taiwan involving the use of force could escalate into a “situation that threatens Japan’s survival”; the Kyodo news agency explained that in such a case, Tokyo could resort to its right to collective self-defense.

However, the Chinese authorities consider the Taiwan issue to be an internal matter for China and called on Takai to retract his statements. As a result, Beijing urged its citizens to avoid traveling to Japan and recommended that those wishing to study in that country reconsider their decision in light of the security situation. The Kyodo news agency also reported, citing a source, that China had informed Japan of the suspension of imports of Japanese seafood

. On Thursday, US Ambassador to Japan George Glass condemned these measures by the PRC and called them “economic coercion.” After meeting with Japanese Foreign Minister Toshimitsu Motegi, he assured that the US is committed to ensuring Japan’s defense, including the Diaoyu Islands (Japanese name: Senkaku) in the East China Sea, which are controlled by Tokyo. The islands are the subject of a territorial dispute between Japan and China.

According to Kyodo, 64-year-old Takaichi is known for her “hardline views on security.” In particular, she advocates revising Article 9 of the 1947 Japanese Constitution, which renounces militarism. She is also considered a supporter of ultra-right and nationalist views.

The Taiwan issue arose in 1949 when the People’s Republic of China was proclaimed and part of the Chinese Kuomintang party settled on the island of Taiwan, naming it the Republic of China on Taiwan. Beijing insists on the “one China principle,” according to which it is impossible to recognize both the PRC and the Republic of China on Taiwan at the same time. At the same time, some states have unofficial cultural and economic offices of Taipei.

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Montenegro joins Convention on Common Transit from November 1

According to Serbian Economist, Montenegro will become a party to the Convention on a Common Transit Procedure and the Convention on the Simplification of Formalities in Trade in Goods from November 1, 2025, reports the State Customs Service of Ukraine.

The decision was made by the European Commission’s Directorate-General for Taxation and Customs Union (DG TAXUD). Once the convention enters into force, Montenegrin customs authorities will be able to perform the functions of customs offices of departure and destination for international shipments under the NCTS procedure.

The State Customs Service of Ukraine emphasized that the expansion of the network of countries participating in the Convention contributes to the development of uniform digital standards and reduces customs clearance time at borders.

The Common Transit Convention and the Convention on the Simplification of Formalities in Trade in Goods are international agreements aimed at simplifying the movement of goods between countries through uniform customs procedures and the NCTS (New Computerized Transit System) electronic system.

Convention participants can file a transit declaration once for the entire route chain, which reduces administrative costs and speeds up the delivery of goods. For countries seeking integration with the EU, participation in the NCTS system opens up access to a single digital customs space and increases attractiveness for businesses, especially logistics and export-import companies.

Serbia officially acceded to the Convention on February 1, 2016. On that day, the country began practical application of the NCTS system.

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Poland, Turkey, and Italy among key export destinations in 2025 – analysis by Experts Club

According to the results of the first half of 2025, Poland remains Ukraine’s main trading partner in terms of export volumes. According to research by Active Group and Experts Club, exports to Poland amounted to US$2.45 billion.

Turkey ranks second with USD 1.71 billion, and Italy ranks third with USD 1.17 billion. Other major partners include: Germany ($1.09 billion), Spain ($976 million), the Netherlands ($919 million), China ($847 million), Egypt ($776 million), Romania ($679 million), and Hungary ($652 million).

“The structure of Ukraine’s exports shows a clear focus on European Union countries. Poland, Italy, Germany, Spain, and the Netherlands together account for more than half of total exports. This indicates Ukraine’s strategic integration into the European economic space,” emphasized Maksim Urakin, founder of Experts Club and economist.

He also noted that Turkey remains a critically important partner for Ukrainian agricultural and metallurgical exports, while China and Egypt are key markets for agricultural products, particularly grains.

“The presence of trading partners such as Egypt and China diversifies Ukrainian exports,” Urakin added.

 

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Ukrainians maintain high level of trust in Japan — Active Group and Experts Club survey

According to a survey conducted by Active Group in collaboration with Experts Club in August 2025, Ukraine has one of the most positive attitudes toward Japan among countries worldwide.

According to the study, 68.7% of Ukrainians have a positive opinion of Japan (33.0% — mostly positive, 35.7% — completely positive). Only 2.7% have a negative opinion, while 26.7% of respondents are neutral. Another 2.0% admitted that they know little about the country.

“Japan occupies a special place in the perception of Ukrainians. It is seen as an example of a country that has achieved great results through innovation, technological development, and the preservation of traditions. This level of trust can become the basis for further expansion of cooperation between our countries,” emphasized Active Group CEO Oleksandr Pozniy.

In turn, Maksim Urakin, co-founder of Experts Club, emphasized the economic dimension:

“In 2025, the total trade volume between Ukraine and Japan exceeded $521 million. At the same time, Ukrainian exports to Japan amounted to only $18 million, while imports exceeded $502 million.

This resulted in a significant negative balance of $484 million. Such an imbalance is a signal to look for new opportunities for Ukrainian goods to enter the Japanese market,” he stressed.

The study was part of regular monthly monitoring of Ukrainians’ attitudes toward key international partners.

The full video can be viewed at: https://www.youtube.com/watch?v=YgC9TPnMoMI&t

You can subscribe to the Experts Club YouTube channel here: https://www.youtube.com/@ExpertsClub

 

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Ukrainians mostly have positive attitude towards Belgium — Active Group and Experts Club survey

Ukrainians’ attitude towards Belgium is mostly positive, although a significant portion of respondents take a neutral position. This is evidenced by the results of a nationwide sociological survey conducted by Active Group in collaboration with Experts Club in August 2025.

According to the results, 54.7% of Ukrainians have a positive attitude towards Belgium (35.3% — mostly positive, 19.3% — completely positive). Only 2.7% of citizens expressed a negative attitude (0.3% — mostly negative, 0.3% — completely negative). At the same time, 43.0% of respondents remain neutral, and 2.3% said they do not have enough information about the country.

“Belgium is perceived by Ukrainians as an important member of the European Union and NATO, a country that consistently supports Ukraine on the international stage. At the same time, its relative remoteness and lack of deep historical ties account for the high proportion of neutral assessments,” explained Active Group founder Oleksandr Pozniy.

In turn, co-founder of Experts Club Maksim Urakin drew attention to the economic component of bilateral relations:

“In the first half of 2025, trade turnover between Ukraine and Belgium amounted to more than $584 million. Ukrainian exports amounted to about $235 million, while imports from Belgium exceeded $348 million. This resulted in a negative balance of $113.8 million, which highlights the Ukrainian market’s dependence on Belgian goods,” he emphasized.

The study is part of a broader project aimed at examining the international sympathies and antipathies of Ukrainians in 2025.

The full video can be viewed at: https://www.youtube.com/watch?v=YgC9TPnMoMI&t

You can subscribe to the Experts Club YouTube channel here: https://www.youtube.com/@ExpertsClub

 

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