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Central Asia Economic Outlook: January 2019 (2)

17 October 2019
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Kazakhstan

Macroeconomic

Kazakh Food Contract Corp. announces 2018 grain export volume
Kazakhstan announces volume of housing construction planned for 2019
Investments in fixed capital in Kazakhstan grow by 17%
Lending to small businesses in Kazakhstan continues to fall
Kazakhstan's Karaganda region increases external trade turnover
Kazakhstan increases funding for microcredit program
Astana first in Kazakhstan by small, medium-sized business share
Chinese company to invest $200M in building light bulb plant in Kazakhstan
Kazakhstan intends to increase taxes income to 25% of GDP
Kazakhstan to open 10 trade missions this year

Finance & insurance

Kazakhstan discloses volume of incoming, outgoing bank transfers
Kazakhstan's Kyzylorda region significantly increases export certificate issuance
Money transfers from Kazakhstan abroad up by over 23%
Kazakh bank looking for access control system maintenance services
Banks in Kazakhstan increase assets by over 4%
Microlending increases in Kazakhstan’s Kostanay
Cash in circulation in Kazakhstan goes up by 16%
Kazakhstan's National Bank opens tender on developing design, estimate documentation
Kazakh banks receive highest profit in 2018

Industry

Kazakhstan ready to cooperate with Zimbabwe in mining industry
Kazakhstan's Karaganda region increases medicine production by almost half
Plant for grain dryer production to be built in Kazakhstan
Kazakhstan's uranium exports reach $700M
Water bottling mini-plant opens in Kazakhstan's Akmola region
Kazakhstan's uranium exports reach $700M
Kazakhstan increases copper ore mining by 8%
St. Petersburg Tractor Plant plans to launch production in Kazakhstan
Industrial sector of Kazakhstan grows by 4%

Foreign economic relations

Iran receives first China cargo shipment via Kazakhstan
Tajikistan, Kazakhstan eye to increase trade to $2B
Kazakhstan allocates funds to develop export geography
Chinese company to invest in construction sector of Kazakhstan's Turkistan

Energy

Kyrgyzstan, Kazakhstan begin talks on duty-free delivery of oil & oil products
NCOC announces shutdown of Kazakhstan’s Kashagan oil field
Kazakhstan breaks record of oil & gas production
Kazakhstan's revenues from gas exports increase by almost 40%
Kyrgyzstan, Kazakhstan begin talks on duty-free delivery of oil & oil products
Kazakhstan announces volume of oil, gas output in 2018
NCOC announces oil production volume at Kashagan field
EBRD, GCF commit over $50M to solar power plant construction in Kazakhstan

Agriculture

Kazakhstan participating in largest agricultural exhibition in Germany
Agro-industrial zone to appear in Kazakhstan's Pavlodar region
Kazakhstan’s Aktobe region reaches industry, agriculture growth of 6%
Over 1,000 hectares of irrigated land put into service in Kazakhstan's Turkistan region
Kazakhstan increases wheat exports by nearly 50%
Kazakhstan to increase grain harvest this year
Kazakhstan's Turkistan region steps up meat production
Iran imports 40,000 tons of meat from Kazakhstan

Transport

Qatar, Kazakhstan launch new cargo flight
Cargo turnover in Kazakhstan grows by 7.3%
Car purchasing in Kazakhstan increases
Kazakhstan to launch flight to Egypt
Kazakhstan, Japan set to launch direct flights
When will Kazakhstan’s first low cost airline start flights?

Turkmenistan

Macroeconomic

Turkmenistan interested in exploring WCO experience in border control
Turkmenistan, Japan discuss joint investment projects
EBRD to hold seminar on export & trade in Turkmenistan

Finance & insurance

Turkmen president orders to finalize financial and banking system development program
Turkmenistan names new director general of Insurance Organization
Private Turkmen bank intends to join MasterCard system

Industry

Turkmenistan aims to boost industrial development of Caspian Sea deposits
Turkmenistan building rice processing plant
Turkmenistan begins sulphate-resistant cement production

Foreign economic relations

Ambassador: Turkmenistan - one of strategic partners of Belarus
Turkmenistan appoints ambassador to India
Turkmenistan, Japan discuss joint investment projects
Turkmenistan, France ready to intensify high-level bilateral visits
Turkmenistan, Iran discuss customs, consular issues

Energy

US, Switzerland, Malta purchase various oil products in Turkmenistan
ADB to finance project on modernizing Turkmenistan’s energy network
Japan provides loan to Turkmenistan for construction of gas turbine power plant
Turkmenistan, Energy Charter mull prospects for co-op
Turkmen oil exports via Russia’s Novorossiysk port to resume next month
Turkmen delegation to participate in int’l oil and gas conference in Delhi
Turkmenistan eyes to export electricity to Pakistan
Turkmenistan seeks to strengthen positions in int’l energy markets
Italian company to supply drilling equipment to Turkmenistan
Turkmenistan, Energy Charter mull prospects for co-op
Turkmen State Oil Concern announces tender to buy equipment
Turkmenistan eyes to export electricity to Pakistan
Afghanistan, UAE buy liquefied gas in Turkmenistan
Gas exports to support Turkmenistan’s economic growth
Director general of Turkmenbashi complex of oil refineries appointed in Turkmenistan
Turkmenistan, EBRD exchange views on Trans-Caspian gas pipeline project
Gas exports to support Turkmenistan’s economic growth

Agriculture

Turkmenistan to buy agricultural machinery from Europe
Turkmenistan mulls prospects of developing agro-industry
Rice growing developing in Turkmenistan's north
Turkmenistan's private sector aims at developing agro-industry
Ministry of Agriculture, Environmental Protection formed in Turkmenistan

Transport

Turkmenistan commences construction of high-speed road to Uzbekistan
ADB to finance development of Central Asian railways
Turkmenistan reveals stakeholders of Balkan shipyard
Turkmenistan appoints top managers of transport sector

Uzbekistan

Macroeconomic

Uzbekistan discloses volume of provided market services for 2018
Uzbekistan obtains over 107B soums of investments in fixed capital
Uzbek-Emirates Investment Company to appear in Uzbekistan
President of Uzbekistan approves state program for 2019
EBRD announces 2018 investments in Uzbekistan
Uzbekistan's GDP increases by more than 5%
Uzbekistan, S. Korea cooperate in introducing ICT in tax administration
EU: Uzbekistan can become economic leader of Central Asia
Uzbek capital expects $2.7B from foreign investors in 2019
EU gives Uzbekistan 5M euros to support country's accession to WTO
Uzbekistan's retail trade turnover increases by 5.5%
Uzbekistan establishes new ministry

Finance & insurance

Uzbekistan signs framework agreement with Exim Bank of India
Fitch upgrades four Uzbek state-owned banks
Uzbek Agrobank, Hungarian Exim Bank agree to work on joint projects
Uzbekistan: Weighted average interest rate on foreign currency loans rises
Uzbek banks acquire over $1B worth of foreign loans

Industry

Uzbekistan, South Korea implement projects to manufacture shirt fabrics
France to provide funds for auto glass manufacturing in Uzbekistan
Cement production down in Uzbekistan
Foreign capital enterprises in Uzbekistan boost industrial production
Valmont Industries may introduce irrigation, water saving technologies in Uzbekistan
Share of ready-made clothes in Uzbek textile export grows
Uzbekistan to create industrial technopark based on European standards
Uzbek milk processing enterprises exempted from paying VAT
Indian expert to partake in creation of Uzbek technopark
Uzbeks, Italians launch enterprise to produce building materials
Russian Eurocement completes construction of new cement plant in Uzbekistan
Uzbekistan produces industrial goods worth over $27B in 2018
Uzbekistan, Saudi Arabia intend to launch joint production of textiles

Foreign economic relations

Uzbek, German presidents meet in Berlin
Uzbekistan, India sign agreement on long-term uranium supply
Trade between Russia and Uzbekistan increase by 21%
Uzbekistan to create new free economic zone for Indian companies
French company Gruau to enter Uzbek market
Uzbekistan becomes main buyer of Tomsk timber, ahead of China
Angela Merkel: We want to be a reliable partner for Uzbekistan
French companies learn of investment potential of Uzbekistan's Jizzakh region
Uzbekistan, Russian company mull production of lighting devices
Uzbekistan, Russia increase trade by over 20% in 2018
India to create seed cluster in Uzbekistan
Belgian company shows interest in production of cooling systems in Uzbekistan
Uzbekistan, Malaysia’s business communiteis hold joint business forum
Uzbek Commodity Exchange opens trading platform in Shanghai
Italian company to manufacture "Factor VIII" in Uzbekistan
Pakistan-Uzbekistan trade turnover rises threefold

Energy

Uzbekistan to develop new projects with German Siemens in energy sphere
Uzbekistan to create Association of Fat-and-Oil Industry Enterprises
Gold, energy – main export products of Uzbekistan
Uzbekistan, IRO discuss prospects for cooperation in oil and gas industry
Uzbekneftegaz proposes SOCAR and BP joint studies of investment blocks
German Graess Energy begins solar power plant construction in Uzbekistan's Moynaq
Uzbekistan to build first nuclear power plant in Central Asia
Uzbekistan negotiating on import of Iran's oil products
SOCAR talks on exploration in investment blocks of Uzbekistan

Agriculture

Uzbekistan, Netherlands talk implementation of joint projects in agriculture
India to create first agro-cluster in Uzbek Andijan region
Uzbekistan reduces cotton exports for 2.4 times in 2018
Uzbekistan increases sugar import 13 times in 2018

Transport

Logistics center for Uzbek goods to be built in Russia's Vladimir
Uzbekistan to purchase train formations from Russia
Uzbekistan imports cars for almost $320M in 2018
Uzbekistan Railways to provide discounts for transportation of goods to and from Kyrgyzstan
Uzbekistan’s Samarkand Automobile Plant exempt from VAT
Turkish company designing new terminal at Uzbek airport
Uzbekistan imports cars for almost $320M in 2018
Uzbekistan Airways plans to open three new destinations in 2019
Turkish company designing new terminal at Uzbek airport
Uzbek, Tajik Railways intend to increase transit of goods
Flydubai to start flying to Uzbekistan
Uzbekistan offers Turkey to create joint transport company
Flydubai to start flying to Uzbekistan
Uzbek region to open new railway station
GM Uzbekistan extends warranty service for cars up to 3 years