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Central Asia Economic Outlook: February 2019 (1)

24 October 2019
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Kazakhstan

Macroeconomic

Kazakhstan to attract investments from 40 countries
Kazakhstan breaks record for investments in environmental protection
Kazakhstan's external debt down
Kazakhstan reveals inflation rate
Tax revenues from Kazakh automakers increase
Share of non-cash online payments in Kazakhstan increases
Inflow of foreign direct investment in Kazakhstan up
Kazakh enterprises look to increase export volumes
Kazakhstan to launch 100 investment projects in Turkistan Region
Kazakhstan exports goods for $55B
Kazakh National Bank explains reasons for strengthening of tenge
Kyzylorda region leads in Kazakhstan for investment attractions
Kazakhstan discloses GDP growth rate in January
Retail trade in Kazakhstan up 4.4%
Investments in manufacturing industry of Kazakhstan’s Kyzylorda region soar
Investments in fixed assets in Kazakhstan decrease
Gross output of Kazakhstan’s Keles district exceeds $125M
Kazakhstan exceeds target on state budget revenues

Finance & insurance

Weighted average rate on loans to individuals down in Kazakhstan
Kaspi bank leaves Kazakhstan Stock Exchange
Kazakh Halyk Bank gets permission to open branch in Uzbekistan
Kazakhstan’s Pavlodar to issue 370 microloans
Kazakhstan to create centralized accounting of public finances
Halyk Bank recognized again as Kazakhstan’s best in trade finance
Kazakhstan raises loan issuance by quarter
Kazakh banks' liabilities increase 5%
Kazakh banks' total equity capital decreases first time in past 7 years
Money transfers from abroad to Kazakhstan increase significantly
Kazakh National Bank to purchase maintenance work

Industry

Kazakhstan, US to construct plant for production of non-GMO soybean seeds
North Kazakhstan to further increase oilseed areas
Kazakhstan's industrial sector grows by over 4%
Refined gold production in Kazakhstan up by 20%
Kazakhstan increases gross output of livestock products
Industrial production in Kazakhstan grows
Industrial products in Kazakhstan fall in price

Foreign economic relations

Foreign trade turnover of Kazakhstan's Atyrau region exceeds $30B in 2018
Russian subsidiary of Azerbaijani bank files lawsuit against Kazakh company
Kazakhstan-Japan trade turnover up by 30%
Kazakhstan, Russia, Iran sign MoU on wheat trade co-op
Kazakhstan’s Kyzylorda region to export rice to Iran
Kazakhstan to export instant noodles to Belarus, Ukraine, Mongolia
Kazakhstan’s Kyzylorda region to export rice to Iran

Energy

When will Kazakhstan start exporting oil products?
NCOC announces oil production volume at Kashagan field
Kazakhstan increases exports of oil, gas condensate by 42.2%
CPC announces volume of oil loading from Kazakhstan’s fields
Oil production volume at Kazakhstan's Tengiz field disclosed
Oil production in Kazakhstan up by 6%
Kazakhstan, UAE and Iraq can become members of OPEC+ monitoring committee — sources
SOCAR talks on jet fuel supply to Kazakhstan
Kazakhstan's Atyrau region raises oil, gas production
Kazakhstan significantly increases gasoline production
Oil production in Kazakhstan up by over 7%
Mining, quarrying production in Kazakhstan up by almost 7%
When will Kazakhstan start exporting gasoline?
Southern Gas Corridor can transport gas from Turkmenistan, Kazakhstan, says SOCAR

Agriculture

Kazakhstan’s Akmola reveals value of gross agricultural production
Kazakhstan to restore 124,000 hectares of irrigated land
Kazakhstan significantly increases labor productivity in agro-industrial complex
Fund of Problem Loans acquires agricultural loans from Kazakhstan’s Tsesnabank
Kazakhstan intends to increase meat exports
Kazakhstan can export one billion eggs abroad in 2019
Credits for 1.3 billion KZT allocated under Sybaga program in Kazakhstan

Transport

Kazakhstan doubles cargo transport via Turkmenistan
Kazakhstan doubles freight traffic through Turkmenistan
Kazakhstan sends another electric locomotive to Azerbaijan
Kazakhstan, US to open direct flights
Kazakhstan, Japan set to launch direct flights
Kazakhstan announces time of signing “open sky” agreement with US
Kazakhstan doubles cargo transport via Turkmenistan
Car production in Kazakhstan soars
Russian airline to fly to Kazakhstan's capital
Uzbekistan, Kazakhstan to significantly increase number of mutual flights
Cargo turnover in Kazakhstan grows by 4.2%

Turkmenistan

Macroeconomic

Turkmenistan eyes to increase GDP
Turkmenistan reveals foreign trade forecasts
Turkmenistan adopts program of country’s socio-economic development until 2025
Turkmenistan announces revenues from exports in 2018
Turkmenistan's GDP up significantly in 2018
Turkmenistan is preparing to hold First Caspian Economic Forum
Turkmenistan reveals foreign trade forecasts
Private sector’s share in Turkmen GDP growing
Turkmenistan reveals data on execution of state budget
Significant growth in Turkmenistan's GDP by late January
Turkmenistan developing construction materials sector
Turkmenistan prepares for Caspian Economic Forum

Industry

Minister of textile industry appointed in Turkmenistan
Construction of drinking water production plant under completion in Turkmenistan
Minister of textile industry appointed in Turkmenistan
Turkmenistan developing construction materials sector
Turkmenistan, Belarus mull partnership in pharmaceutics
Turkmenistan develops plan for industrial development of Garabogazkol Bay
Turkmenistan expanding range of building materials produced in country

Foreign economic relations

European firms buy road bitumen in Turkmenistan
Russia, Turkmenistan to mull range of issues affecting interests of Caspian region
Belarus, Turkmenistan mulling prospects for scientific interaction
Turkmenistan, Japan discuss joint investment projects
Azerbaijan approves several documents with Turkmenistan
Turkmenistan, Tunisia mull prospects for trade, economic co-op
Turkmenistan eyes to increase electricity exports to Afghanistan
Turkmenistan, Belarus mull partnership in pharmaceutics

Energy

Turkmenistan to intensify work on TAPI gas pipeline project
Russia, Turkmenistan exploring opportunities for co-op in energy field
Uzbekistan allows organizations 50% prepayment for electricity, gas
Turkmen delegation taking part in int'l oil & gas forum in India
Review: Russia, Turkmenistan continue gas co-op talks
Petronas discussing with Turkmenistan new projects in Caspian Sea
Status of Turkmenistan’s gas transportation projects for Dec. 2018

Agriculture

Turkmenistan announces cotton harvest plan
Turkmenistan increases cotton harvest plan for 2020
Turkmenistan, Germany expanding partnership in agricultural sector
Turkmenistan eyes to export vegetables to CIS countries
Turkmenistan unveils plans for wheat harvest in 2020
Turkmenistan, Germany expanding partnership in agricultural sector
Turkmenistan inks several deals with Germany in agriculture sector

Transport

Turkmenistan Airlines to suspend flights to Europe
Turkmenistan, EU discuss transit corridor via Azerbaijan to Europe
Turkmenistan ready to establish partnership in railway sector with Uzbekistan
Turkmenistan hopes to increase transit cargo transportation from China

Uzbekistan

Macroeconomic

Inflation in Uzbekistan for January 2019 revealed
Uzbekistan wants to enter TOP 20 in "Doing Business" by 2025
Uzbekistan, EBRD discuss further development of co-op
Fitch assigns new rating to Uzbekistan
Uzbekistan to demolish about 240 houses for construction of Yunusabad Business City
ADB to support Uzbekistan's transition to dynamic market economy
Central Bank talks inflation in Uzbekistan
Uzbekistan eyes to increase textile exports
Uzbekistan intends to rise in leading int'l rankings by year end
Inflation in Uzbekistan for January 2019 revealed
Fitch assigns new rating to Uzbekistan

Finance & insurance

Uzbek Central Bank says banks earn $2.7B from population
Uzbekistan intends to rise in leading int'l rankings by year end
Uzbekistan simplifies bankruptcy procedure
S&P raises forecast for credit rating of Uzbek Orient Finance Bank
Uzbek bank Asaka gets new chairman
Assets of Uzbek commercial banks amount to over $25B
Uzbekistan’s Aloqabank, Asia Alliance Bank to hold IPO
Uzbekistan to ease way for tourists to make purchases via Visa, Mastercard
Uzbek banks issue over 17.68 million plastic cards
Number of remote banking services users in Uzbekistan near 8 mln
Uzbekistan to establish Development Bank
Uzbekistan gets first Moody's credit rating
IMF to provide technical support to Uzbek Central Bank
Uzbek Ministry of Finance and Central Bank to place securities worth over $7M

Industry

Malaysian company intends to produce paints, varnishes in Uzbekistan
Uzbekistan, Saudi Arabia intend to launch joint production of textiles
French company to build new cement plant for Uzbek Railways
Uzbek refrigerator factory to open in Tajikistan
Uzbekistan to allow prospecting of precious metals from March 1
Russian companies to supply equipment for Uzbek metallurgical plant
Tashkent metallurgical plant to launch first products in December 2019
Chinese company to set up glass production line in Uzbekistan
Uzbek chemical enterprises manufacture products for over $63M

Foreign economic relations

Deputy PM: Uzbekistan, Azerbaijan trade could reach $1B
Experts from Belarus to help create technopark in Uzbekistan
Uzbek president instructs to export at least quarter of fruits to US
Uzbekistan, Belarus discuss possibilities of financing joint projects
Uzbekistan to supply Russian hypermarkets with fruits
Latvian Perfume Company plans to enter Uzbek market
Uzbekistan invites Georgian companies to projects in winemaking, cotton growing
Indian company plans to create business accelerator in Uzbekistan
Uzbekistan working to expand co-op with German companies
Uzbekistan, Japan hold talks on deepening investment co-op
Malaysians look to invest in development of Uzbek Namangan region
Ukrainian enterprise to become leader in Uzbek small chemistry
Uzbekistan, Kyrgyzstan may jointly export textile products to third countries

Energy

LUKOIL increases gas production in Uzbekistan
Tajikistan asks Uzbekistan to increase gas supply 4 times
Uzbekistan increases gasoline production by 3.7%
Ministry of Energy restructures Uzbekenergo, Uzbekneftegaz
Uzbekneftegaz participates in 20th Energy Forward Forum
Uzbekistan allows organizations 50% prepayment for electricity, gas

Agriculture

Uzbekistan wants to learn best US practices in potato cultivation
Uzbekistan creates agency for development of viticulture, winemaking
Uzbek scientists grow new varieties of cotton
Israel, Uzbekistan support preparation of Action Plan in agriculture field
Kyrgyzstan, Uzbekistan may supply agricultural equipment to Russia
Uzbekistan to supply Russian hypermarkets with fruits

Transport

Over 345,000 cars sold in Uzbekistan in 2018
Uzbekistan Railways gets new chairman
Uzbekistan Airways, US Boeing make new deal
Turkish investors present route of new Uzbek toll road
Latvia offers to launch regular container trains to Uzbek capital
Uzbekistan develops production of modern trains
Uzbekistan establishes Ministry of Transport
GM Uzbekistan not to raise car prices
Azerbaijan, Uzbekistan to mull expansion of co-op in cargo transit
GM Uzbekistan offers to buy cars at competitive prices.