The volume of international trade heavily depends on factors facilitating trade and contributing to reducing its costs. The importance of international logistics as trade facilitator is increasingly emphasised in the literature. The aim of the paper is to assess the level of the impact of logistics performance on trade volume in the Central and Eastern European countries (CEECs) and Western Balkans. In order to achieve the aim, the impact of Logistic Performance Index (LPI) on international trade in 2007 and 2018 is investigated. This relationship is examined using the gravity model approach with a focus on overall LPI and its components. The research results show that there is a positive statistical significance and impact of logistics on bilateral trade between CEECs, and logistics justifies the role of a trade facilitator. Besides, the importance of LPI components in intensifying international trade was emphasised. Research implications indicate that improving logistics performance and logistics services lead to a positive impact on the volume of international trade. Better logistics performance in trading countries will lead to increased bilateral trade and reduced trade costs. The limitation of the research is that only two years have been taken into account. This is done in order to highlight the differences between the year the LPI was introduced, and the last year the LPI was calculated.

Logistics is becoming one of the most important sectors of the economy and an indispensable element in the process of international trade and industrial development. The aim of this paper is to examine the role and importance of logistics system in improving the performance of companies in different industries and to identify its key dimensions that need to be improved in order to create a favorable business environment within a given economy. The logistics system is observed through two dimensions"hard", which refers to the elements of physical infrastructure, and "soft" which includes segments related to logistics services and customs procedures. The research was conducted on a sample of 298 companies in the Republic of Serbia. The research methodology includes factor analysis based on which, the positive impact of the logistics system on the selected performance of companies has been proven. In addition, the difference in the importance of certain elements of logistics system between manufacturing and non-manufacturing companies has been proven. The results of the research can be of particular use for policy makers, as an instrument for improving the overall business environment through the development of individual logistics subsystems. Also, this evidence allows better insight for individual companies into the effects of different segments of logistics on business development, according to the industry.

More active participation of China in the international economy has been recognized by European countries, trying to position their economies on the new “Silk Road” map to attract Chinese investments and increase trade volume. The paper presents previous researches and analyses the position, benefits and chances for EU and Serbia to derive positive economic effects from this initiative. The research purpose is to point out the impact of “Silk Road” on the Serbian economy. The main findings are highlighting the advantages and disadvantages using analysis of scientific literature and emphasising the increase in investments and trade volume of Serbia with China using statistical analysis for the period after the initiative started in 2013.

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