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Central Asia Economic Outlook: February 2019 (2)

16 October 2019
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Kazakhstan

Macroeconomic

Investments in Kazakhstan's Aktobe region grow by nearly 11%
Gross product of Kazakhstan’s Turkistan region reaches $2.9B
Kazakhstan's state budget revenues decrease in 2018
Kazakhstan's budget revenues up by 27%
Kazakhstan’s trade turnover with EEU up by 7.5%
Budget of Kazakhstan's Turkistan region raised by $24.1 million
Kazakhstan to allocate $74.2M for Nurly Zher program
WB may provide Uzbekistan with more funds to support budget
Small & medium-sized businesses make up most of investments in Kazakhstan's capital
Kazakh livestock enterprises to continue export to Uzbekistan
Sales of products, services of Kazakh large & medium-sized companies up by 18%
Retail trade in Kazakhstan up by 14%
SMEs create 7,000 jobs in Kazakhstan's Akmola region
Kazakhstan’s Kostanay region increases mining production
Kazakhstan’s Turkistan region increases meat exports
New economy minister: Kazakhs will feel improvement in welfare this year
WB: Kazakhstan's GDP loses up to $3B due to floods

Finance & insurance

Non-cash payments in Kazakhstan surge: more than double increase in a year
Kazakh banks' assets increase by 4.2%
Money turnover on Kazakh bank cards up by over 50%
National Bank of Kazakhstan starts holding deposit auctions
Kazakh banks' loan portfolio increases
Assets of Kazakhstan National Fund continue to decline
Total bank deposits in Kazakhstan up, legal entities's deposits down
Cash in circulation in Kazakhstan slightly decreases
Money transfers within Kazakhstan increase threefold
Dollarization of deposits down in Kazakhstan
Total assets of insurance companies in Kazakhstan approaching $3B

Industry

Kazakhstan increases milk, cream production by over 11%
Gold production in Kazakhstan up
Timeframe for modernization of Kazakh rig in Azerbaijan announced
Kazakh minister discloses number of industrial projects planned for this year
World's largest undeveloped tin deposit to be launched in Kazakhstan
Kazakhstan’s Kostanay region increases mining production
Kazakhstan's medicine production down by 14%

Foreign economic relations

Kazakhstan bans import of Uzbek pomegranate
Kazakhstan to help exporters access Chinese, UAE, Iranian markets
Kazakhstan to not restrict export of Uzbek pomegranates, despite ban on imports
Kazakhstan steps up exports to India by 30%
New chairman of Kazakh National Bank to facilitate national business
Kazakhstan, Russia's trade turnover increase by 10%
Trade office of Kazakhstan’s Akmola region to open in UAE
Iranian airline plans to start flights to Kazakhstan

Energy

Italian Eni increases oil & gas production in Kazakhstan
Italy, S.Korea support Kazakhstan's Tengiz oil field expansion project
EDB finances construction of solar power plants in Kazakhstan
When will Kazakhstan start exporting gasoline?
Lukoil invests $9 billion in Kazakhstan's economy
Fitch Solutions publishes outlook for Kazakhstan’s oil sector
Timeframe for modernization of Kazakh rig in Azerbaijan announced
Kazakh specialists to participate in drilling at jackup rig transferred to Azerbaijan
Kazakhstan bans rail import of gasoline from Russia

Agriculture

Kazakhstan plans to increase automation of agricultural services
Kazakhstan's Turkistan region significantly increases grain production
Fish production in Kazakhstan increases
Almaty region - main meat producer of Kazakhstan
US – main supplier of fish products to Kazakhstan

Transport

Freight transportation through Kazakhstan railways increase
Kazakhstan increases frequency of flights to Uzbekistan
When will direct flights between Kazakhstan, US be launched?
What new flights will Kazakhstan launch this year?
Kazakhstan to allocate additional $928M for road construction

Turkmenistan

Macroeconomic

Turkmenistan approves state price register in construction
Private Turkmen companies review joint investment projects with Germany
Turkmenistan creating investment fund with foreign organizations
EBRD consulting Turkmenistan in trade & export issues
Turkmenistan decides on regulating prices, tariffs for important types of goods, services
EBRD consulting Turkmenistan in trade & export issues
Assets of Turkmenvnesheconombank increase
Turkmenistan reveals data on foreign trade
Turkmenistan, Deutsche Bank mull diversification of partnership

Industry

Water treatment plant built in Turkmenistan
Uzbekistan adopts new measures for effective production of medicinal plants
Turkmenistan aims to export glass products
Turkmen oil refineries establish polypropylene film production

Foreign economic relations

Ashgabat, Tokyo hold political consultations
Turkmenistan to open trade house in Uzbek capital
Turkmenistan, Belarus mull partnership in pharmaceutics
Turkmenistan, Spain mull business partnership prospects
Turkmenistan, Belarus mull joint pharmaceutical projects
Turkmenistan studies Spanish experience in desalination
Turkmenistan, Afghanistan focus on increasing mutual trade turnover
Ashgabat, Seoul hold business talks
Uzbek Investment potential presented in Turkmenistan
Ashgabat, Tashkent consider prospects for co-op in trade, investment
Turkmen, Uzbek presidents stand for rational use of water resources
Turkmenistan, Uzbekistan mull stimulation of investment activity

Energy

Eni achieves zero flaring configuration in Turkmenistan
Turkmenistan interested in co-op with German oil and gas companies
UK buys oil products in Turkmenistan
TAPI’s Turkmen section to be completed by end of year
Awaza to host international gas congress
Russian holding observes gas processing projects in Turkmenistan
European companies buy oil products in Turkmenistan
Turkmenistan aimed at oil & gas co-op with Bahrain
S.Korean companies consider investment projects of Turkmen fuel and energy complex
Brussels assesses potential for Turkmen gas deliveries to EU

Agriculture

Turkmenistan inks several deals with Germany in agriculture sector
Several livestock farms to be privatized in Turkmenistan
Turkmenistan preparing for cotton sowing
Ambassador: Iranian farmers can work in Turkmenistan
Turkmenistan increasing potato planting
Turkmenistan increasing vegetable exports to neighboring countries
Turkmen, S.Korean companies sign deals on co-op in water management, agriculture

Transport

Turkmenistan hopes to increase transit cargo transportation from China
Lufthansa supports Turkmenistan Airlines to access compliance to Air Safety Standards
Ashgabat, Kabul interested in implementing transit project through Azerbaijan
France's Thales to supply equipment for new airport in Turkmenistan
Discussion of Lapis Lazuli transit project scheduled at regional level in Ashgabat

Uzbekistan

Macroeconomic

WTO deputy head to visit Uzbekistan
Uzbekenergo to implement investment projects for $4.4B
UZEX Chairman: China's marketplace to positively affect Uzbek investment attractiveness
Uzbekistan has over 270,000 units of small enterprises
Number of enterprises with foreign capital in Uzbekistan increases by 39%
WB may provide Uzbekistan with more funds to support budget
World Bank Group proposes strategy for modernizing Uzbek economy
Number of private business entities to double in Uzbek capital
Uzbekistan may join WTO within two years
Uzbekistan, Russia agricultural products trade grows by over 20%
Exports of goods from Russian region to Uzbekistan increase over 84%
US, Uzbekistan sign protocol on cooperation in trade, investment fields

Finance & insurance

Uzbek Central Bank directs $3.8B to support soum rate in 2018
Uzbek bank signs $5M deal with EBRD for trade financing
UK investors buy majority of Uzbekistan’s debut Eurobonds
Uzbekistan to begin issuing new banknotes from February 25
Financial services dominate Uzbekistan’s services sector
Uzbek, Swiss banks sign loan agreement
Uzbek Ministry of Finance, Central Bank place securities for $7M on currency exchange
Uzbek Central Bank submits bill on electronic payments
Transactions through Uzbek Central Bank up by over 30%
Uzbek, Swiss banks sign loan agreement
Uzbek bank to co-op with Russia's largest payment system
Uzbekistan to withdraw paper notes of 100, 200, 500 soums from circulation

Industry

Malaysian company may build robotics plant in Uzbekistan
Uzbek textiles in limelight at international exhibition in London
Danish company developing fishing industry co-op with Uzbekistan
Supermarkets in Uzbekistan gradually squeezing out smaller sellers
Uzbekistan, South Korea launch joint production of polyethylene wallpaper
Uzbek company, Samsung to build ammonia and carbamide plant
Uzbekistan to double cement production
Uzbekistan decides to get rid of state share in Pepsi
Uzbekistan to establish new construction materials association
Uzbek capital to hold Uzbek-British Council on Trade, Industry
Kai Shing Trading plans to organize poultry production in Uzbekistan

Foreign economic relations

Uzbekistan, Poland mull further development of interregional co-op
German company eyes to implement investment projects in Uzbekistan
Latvian company: Joint multi-modal logistics center with Uzbek partners very promising
British, Chinese, Turks to develop Uzbek capital’s master plan
Uzbekistan, Poland mull further development of interregional co-op
Czech President supports intensification of economic diplomacy with Uzbekistan
Belarus, Uzbekistan sign memorandum on co-op in construction field
Uzbekistan surpasses China in clothing supply to Kazakhstan
Uzbekistan, Russia's Tatarstan to sign new co-op agreement
“Uzbekistan Economy Days" to be held in Germany in spring
Uzbekistan presents its economic, investment potential in Japan's biggest cities
French company plans to introduce blockchain technology in Uzbekistan
Turkish business mission holds talks in Uzbekistan
Russian bank to allocate money for supply of fruits from Uzbekistan
"American Business Week" to be held in Uzbekistan

Energy

Uzbekistan increases import of vegetable oil by over 40%
Turkey, Uzbekistan are interested in joint development of energy sector
Malaysian companies may create palm oil packaging production in Uzbekistan
Uzbekistan ready to buy Kazakh oil
Uzbek president orders to find foreign partners for energy projects
Qatar fuel plant to prepare Uzbek specialists for GTL plant in Uzbekistan
New gas field located in Uzbekistan
Construction of Uzbek GTL plant enters active phase
Gazprombank and Uzbek Ministry may create joint consulting company

Agriculture

Uzbekistan’s reforms encouraging Cotton Campaign to reconsider “boycott”
Poland, Uzbekistan to implement joint projects in agricultural sector
Uzbekistan okays new rules for export of fruits, vegetables
Uzbekistan to increase grain yield due to abundant precipitation
UN transfers new agricultural equipment to Uzbekistan

Transport

New railway station to appear soon in Uzbekistan’s Namangan
Uzbekistan, Qatar to sign agreement on air traffic
Uzbekistan plans to commission 14 metro stations in 2019
Uzbekistan produces more than 17,000 cars
GM Uzbekistan sells over 400 cars in first week of new sales service
Uzbekistan Airways to decrease prices for all domestic flights
Uzbekistan, China launching new car brand