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Central Asia Economic Outlook: December 2019 (1)

22 October 2019
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Kazakhstan

Macroeconomic

Ministry: Fixed investments in Kazakhstan increase significantly
Assets of investment companies in Kazakhstan increase
Inflation in Kazakhstan exceeds 5%
Economy of Kazakhstan's capital shows growth
Astana's main development directions for 2019 revealed
90% of investments in Kazakhstan's Astana come from private initiatives
Direct tax revenues to Kazakhstan National Fund up by 60%
Kazakhstan discloses volume of funds to be allocated for compact construction in Astana
Kazakhstan to create special portal for "7-20-25" housing program
Direct tax revenues to Kazakhstan National Fund up by 60%
Kazakhstan discloses volume of funds to be allocated for compact construction in Astana
Kazakhstan's Economy Ministry declares GDP growth in 2018
Kazakh National Bank shares forecast for inflation rate in 2019

Finance & insurance

Kazakhstan introduces risk-oriented supervision of banking sector
Kazakhstan's international reserves slightly increase
S&P expects revocation of weak bank licenses in Kazakhstan

Industry

Prices of industrial products in Kazakhstan up in 2018
Kazatomprom's net profit increases 4 times
Carlsberg Kazakhstan working on new beer production
Prices of industrial products in Kazakhstan up in 2018
Carlsberg Kazakhstan increases plant capacity by 20%
Kazakhstan increases industrial production by 4.1%
North Kazakhstan region plans to start production of building materials
Kazakhstan increases industrial production by 4.1%

Energy

Kazakh gov't, KPO to sign agreement on Karachaganak project soon
Shutdown at Kazakhstan's major oil fields expected for 2019
Kazatomprom's net profit increases 4 times
ADB approves grant to support increased cross-border energy trading in Central Asia
Status of Kazakh oil and gas projects in Dec. 2018
Caspian Pipeline Consortium reveals volume of Kazakh oil shipped from its marine terminal
Kazakhstan ranks 10th for gasoline prices worldwide

Agriculture

Big poultry farm to be built in Kazakhstan’s Akmola region
Prices of agricultural products in Kazakhstan increase
Agricultural output in Kazakhstan's Maktaaral hits $110M

Transport

Kazakhstan, UAE launch new air route
Kazakhstan approves tariff for transportation of Russia's oil to China
Kazakh airlines transport 7.8 million passengers in 2018
AZAL launches regular flights to Almaty
Kazakh airlines transport 7.8 million passengers in 2018
Some $113M to be allocated for road sector dev't in Kazakhstan's Turkistan region

Turkmenistan

Macroeconomic

Forecasts for Turkmenistan’s GDP growth in 2019-2021 revealed
President: Turkmenistan welcomes Japanese investments
Turkmenistan attracts investments for production of mineral fertilizers
Private Turkmen bank intends to join MasterCard system
Turkmenistan takes part in Heimtextil 2019 in Germany

Foreign economic relations

Russia, Turkmenistan to launch ferry service in Caspian Sea
Turkmenistan, India mull prospects for economic co-op
Azerbaijan, Turkmenistan may lay fiber-optic cable across Caspian
President: Turkmenistan welcomes Japanese investments
Turkmenistan takes part in Heimtextil 2019 in Germany
Turkmenistan negotiates with international companies to lease transponders

Energy

Status of Turkmenistan’s gas transportation projects for Dec. 2018
Russia buys petroleum products in Turkmenistan
Turkmenistan decides on gasoline prices
Status of oil and gas contracts in Turkmenistan for 2018
TAPI to significantly expand Turkmenistan’s export capacity: Cebr
Turkmenistan supplying gas to remote areas of country
Turkmenistan expected to double gas output by 2040
Turkmenistan completing construction of gasoline plant
Turkmenistan eyes to increase energy exports

Agriculture

Turkmenistan actively developing sericulture
Turkmenistan prepares for cereal farming

Transport

Volumes of freight traffic via Caspian port of Turkmenbashi growing
Turkmenistan preparing provision on national sea carriers
Turkmenistan building high-speed highway to Uzbekistan

Uzbekistan

Macroeconomic

Uzbekistan announces products exempted from VAT
Uzbek president instructs to develop digital economy
Uzbekistan plans to liberalize currency market
Uzbekistan's 2019 Investment Program includes over 3,000 projects
Uzbekistan forms Economic Council for roadmap implementation

Finance & insurance

Uzbekistan's Poytakht Bank gets license for conducting operations
Uzbekistan's capital gets its own bank
Georgian TBC Bank plans to enter Uzbek market
Uzbekistan may issue new banknote this spring

Industry

Uzbek AMMC plans to build new copper processing plant
Uzbek producers to participate in textile exhibition in Germany
Uzbekistan to start polyvinyl chloride production
Irish-Uzbek enterprise to increase vegetable oil production

Foreign economic relations

Uzbekistan plans to increase exports to Ukraine
Trade turnover between Uzbekistan, Belarus up
GM Uzbekistan continues talks to create assembly plant in Russia
Uzbekistan introduces visa-free regime for 45 more countries
Turkey to co-op with Uzbekistan, Kyrgyzstan in several spheres
Uzbekistan, Pakistan discuss inter-parliamentary co-op
Dutch company plans to create potato processing plant in Uzbekistan
Berlin to host Uzbek-German business forum soon
Agreements exceeding $4B signed at Uzbek-German Business Forum

Energy

Uzbekistan supplies gas to Tashkent through Kazakhstan
Uzbekenergo to receive subsidies to cover debts
Uzbekkhimmash to spend $23M for foundry modernization
Association of electrical industry enterprises being created in Uzbekistan
Uzbekenergo to receive subsidies to cover debts
Russian oil company establishes subsidiary in Uzbekistan
Uzbekneftegaz reveals details of gas transportation system modernization
EBRD provides $240M loan to Uzbekenergo

Agriculture

Malaysian company intends to create fish farming cluster in Uzbekistan
Greenhouse for potato growing created in Uzbekistan

Transport

Construction of new airport complex underway in Uzbekistan
Uzbekistan plans to build new high-speed railway to Samarkand
Uzbekistan intends to attract German company to reform national rail carrier
GM Uzbekistan breaks its car production record