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Central Asia Economic Outlook: April 2019 (1)

8 December 2019
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Kazakhstan

Macroeconomic

Consumption, price of dairy products growing in Kazakhstan
Inflation in Kazakhstan makes up 1.3% year-to-date
Food prices up in Kazakhstan
Kazakhstan's trade with EEU up by 10%
ADB expects slower economic growth in Kazakhstan
Kazakhstan reduces external debt
WB reveals forecast for Kazakhstan’s GDP growth
Profits of Kazakh national companies plummet
SMEs' share in Kazakhstan's GDP growing
Kazakhstan's int'l reserves down
Arab countries lose interest in investing in Kazakhstan
Kazakh transport companies earn over $1.2B
Kazakhstan's state budget spends over $5B in two months of 2019
Kazakhstan's budget deficit up by 4 times

Finance & insurance

Online payments in Kazakhstan up by 2.4 times
Fitch affirms ratings of Kazakh institutions
National Bank: Situation in Kazakhstan's foreign exchange market remains stable
Microlending intensifies in Kazakhstan
Kazakhstan's int'l reserves down
Kazakh banks approve loans for 10 "economy of simple things" projects
Kazakhstan’s National Fund sees increase in revenues
Volume of non-cash payments in Kazakhstan almost doubles

Industry

Swiss-based company to build fertilizer production complex in Kazakhstan
Prices of industrial products up in Kazakhstan
Kazakh hardware production plant aims to increase output by half
Chrome mining in Kazakhstan grows, while export falls
Kazakhstan allocates most loans to industry sector

Foreign economic relations

Kazakh president discusses cooperation with head of Borealis
Kazakhstan's Pavlodar region ready to develop co-op with China
Russia offers building NPP in Kazakhstan
Kazakhstan may purchase tractors from Indian companies
Iran to help Kazakhstan in exporting goods to Arab countries
Kazakh president Tokayev begins state visit to Uzbekistan

Energy

Kazakhstan's national oil company sells gas station chain
Caspian Pipeline Consortium increases export of Kazakh oil
Kazakhstan ready to supply up to 2M tons of oil to Uzbekistan annually
Kazakhstan signs contract with Lukoil for Zhenis block exploration
How many Kazakh mineral deposits are state-owned?
Russia offers building NPP in Kazakhstan
Production at Kazakhstan's Kashagan oil field to be suspended
Kazakhstan increases oil production to 23M tons in 1Q2019
NCOC to start developing new fields in Caspian Sea
Russia bans export of certain petroleum products to Kazakhstan

Agriculture

Kazakhstan negotiating export of livestock products to South Korea
How much meat did Kazakhstan export this year?
Kazakhstan significantly increases wheat exports
Spring field work starts in south Kazakhstan
Kazakhstan's Karaganda region plans to increase cabbage yield
Kazakhstan aspires to become one of leaders in beef exporting worldwide

Transport

Kazakhstan, Spain agree to launch direct flights
Kazakh low-cost airline opens ticket sales for Almaty-Karaganda flights
Kazakhstan to subsidize flights to Tokyo
Over half of Kazakhs buy cars of local assembly
Turkmenistan paving highway to Kazakh border
Number of flights between Kazakhstan, Russia may increase
Kazakhstan to assemble tractors of world famous German company
Indian airline reveals time of starting flights to Kazakhstan
New flight to link Moscow and Kokshetau

Turkmenistan

Macroeconomic

ADB reveals Turkmen economy forecast for 2019-2020
Turkmen private businesses prepare investment projects in Caspian Sea
WB publishes macroeconomic forecast for Turkmenistan
Turkmenistan publishes data on state budget execution
Turkmenistan's GDP grows significantly since early 2019

Finance & insurance

Turkmenistan adopts new insurance regulations
Turkmenistan to continue work with int’l payment systems Visa, MasterCard
Turkmenistan to stop production of Visa Electron cards

Industry

Turkmenistan expanding chemical production
Turkmenistan to produce rubber, polystyrene
Turkmenistan increases polymer production
Iron ore reserves discovered in western Turkmenistan
Turkmenistan studying possibility of industrial graphite production
Isogam production plant reaches full capacity in Turkmenistan
Plant for production of aerated concrete launched in Turkmenistan

Foreign economic relations

Turkmenistan, Bulgaria discuss prospects for trade and economic cooperation
Turkmenistan learning from Japan's experience in water purification technologies
Trade between Uzbekistan, Turkmenistan increases by 70%
Turkmenistan appoints ambassador in Tunisia
Turkmenistan, Russia to hold business negotiations
Turkmenistan presents its investment potential in China

Energy

Turkmenistan, Japan mull development of Galkynysh gas field
Turkmenistan, Japan discuss joint oil and gas investment projects
Russian company to supply oilfield equipment to Turkmenistan
Switzerland, Russia buy polypropylene in Turkmenistan
Russia transporting Turkmen oil
Russian company to supply pipes for TAPI gas pipeline to Turkmenistan
Eni reveals plans for oil output in Turkmenistan
British company to support organization of int'l gas congress in Turkmenistan
Turkmenistan, Japan mull development of Galkynysh gas field
Turkmenistan's oil, gas processing enterprises increase exports
Turkmenistan eyes to launch gas-to-gasoline plant in summer
European Parliament: Trans-Caspian Pipeline would serve European interests
Saudi Arabia may support financing of TAPI gas pipeline project
Russia begins to supply pipes to Turkmenistan for TAPI gas pipeline
Turkey, Switzerland buy oil products in Turkmenistan
Demand for gasoline to double in Turkmenistan by 2030
Russia begins to supply pipes to Turkmenistan for TAPI gas pipeline
Turkmenistan co-op with US in oil & gas, chemical industries
Czechs may establish cooperation with Uzbekistan in nanotechnology, energy field
Turkmenistan building up electricity production for export
Turkmenistan appoints new Energy Minister
Turkmenistan appoints acting head of Turkmenoil

Agriculture

UN promoting development of agricultural communities in arid regions of Turkmenistan
Turkmenistan cooperating with Austria in livestock breeding
Turkmenistan reveals rice harvest plan

Transport

Turkmenistan may join CAREC railway project
Turkmenistan, Japan mull establishing direct flights
Ashgabat to host int’l car exhibition
Airport construction in Turkmenistan's east to start soon

Uzbekistan

Macroeconomic

Inflow of foreign direct investment in Uzbekistan sharply down
Uzbekistan tends to slow down price growth for non-food products
External debt of Uzbekistan increases by $ 1.5 billion
Investors withdraw funds from Uzbekistan for $ 1.194B
Fruits, vegetables, dairy products soar in price in Uzbekistan
Uzbekistan to launch 17 investment projects in its special economic zones
Number of tax payers in Uzbekistan soars
Sugar imports to Uzbekistan exceed $1B over three years
AIIB to invest in Uzbekistan's Bukhara region
Int'l oilfield services company begins drilling of 15 wells in Uzbek region
WB: Uzbekistan’s economic outlook positive with growth of 6% by 2021
Uzbekistan to reform civil legislation to attract foreign investments
Uzbek metallurgical plant signs contracts with 3 foreign companies for 453M euros
Number of enterprises with foreign capital in Uzbekistan almost doubles
AIIB: Uzbekistan has potential to re-emerge as strong economy in region
World Bank to help restructure wage system of Uzbekistan
Number of enterprises with foreign capital in Uzbekistan almost doubles

Finance & insurance

UzCard can be used in infrastructure of payment systems of EEU countries
Volume of shuttle trade in Uzbekistan amounts to $1.08B
Uzbek insurance companies collect premiums for over $194M
Uzbekistan receives remittances for $5.11B
Uzbekistan allocates nearly $920M to banks out of funds from sovereign bonds placement
Financial sector of Uzbekistan reduces activity?
Uzbek company to enter IPO in December 2019
Uzbek population deposits almost $1.9B in banks
Uzbek banks attract deposits worth $8.5B
Georgian TBC Bank buys 51% of Uzbek company shares for $5.5M
MasterCard to help set up cashless economy in Uzbekistan

Industry

Uzbekistan selling state shares of largest chemical enterprises
Uzbekistan to sell shares of glass factory in June 2019
Russian company delivers first batch of equipment to Uzbek metallurgical plant
WB: Uzbekistan's economic growth accelerates thanks to construction, industrial sectors
Uzbekistan to rebuild textile industry in Afghanistan
Uzbekistan increases natural gas production
Uzbek chemical enterprises manufacture products worth over $193 M
Uzbek metallurgical plant signs contracts with 3 foreign companies for 453M euros

Foreign economic relations

Uzbekistan, South Korea to conclude free trade agreement
UAE companies to implement projects in mining, energy sectors of Uzbekistan
Prime Ministers of Tajikistan and Uzbekistan to discuss economic ties
Uzbekistan, Singapore agree to interact within UN framework
Uzbekistan, Tajikistan to work together in hydropower sector
Russian Yamal, Uzbek region to implement joint projects for food export
Uzbekistan to double trade with Russian Irkutsk region
Uzbekistan, Netherlands to create joint venture
Uzbekistan shows interest in importing new Russian products
Uzbekistan, Belarus may create joint research laboratories
Afghanistan invests $20.2M to implement projects in Uzbekistan
Russia to set up production of building materials in Uzbekistan

Energy

Uzbekneftegaz works out document on expansion of alternative fuels use
Uzbekistan plans to build about 25 solar power plants until 2030
Uzbek oil, gas company announces tender for supply of converter
Uzbek oil, gas company announces tender for supply of automatic filling system
Uzbekistan loses $6B annually due to shortage of electricity
Epsilon increases daily gas flow in Uzbekistan
Uzbekneftegaz discusses financial cooperation with Russian VTB Capital
Uzbek-Russian JV to reconstruct largest gas field in Uzbekistan for $850M
International oilfield service company developing hydrocarbon deposits in Uzbekistan
Uzbekneftegaz owes Chinese company $16M
Uzbekistan to exhibit its project at XI Forum ATOMEXPO-2019
Uzbekistan embarks on first stage of $2 B drilling project in south
Czechs may establish cooperation with Uzbekistan in nanotechnology, energy field
US company receives new flow of gas in Uzbek field
Uzbekistan to sell Fergana refinery to Indonesian company
China, WB, IMF, Uzbekistan talk solar energy, micro hydro-power plants

Agriculture

Uzbekistan plans to grow 1.4 M tons of potatoes this year
Agricultural production decreases in Uzbekistan
UAE company to build agro-industrial complex in Uzbekistan
Export of fruits, vegetables in Uzbekistan grows by almost 85%
Uzbekistan to allocate deposit of $50M to agricultural machinery manufacturers

Transport

Uzbekistan Railways implements new project worth $15M
Uzbekistan Airways to transfer all flights to new Istanbul Airport from April 7
GM Uzbekistan exports first batch of Nexia cars to Belarus
Uzbekistan joins China-Kazakhstan-Turkmenistan-Iran railway corridor
Uzbekistan to acquire two electric trains from Spanish company
GM Uzbekistan may start exporting Ravon cars to Russia
Closure of sky over Pakistan forces UzAirways to increase time of flights
China to contribute to construction of railway in Uzbekistan
Uzbekistan Airways receives second Airbus A320neo
Uzbeks to fly to Georgia by direct flight for first time since collapse of USSR
Uzbek company to build fueling complex at Tashkent airport
Uzbekistan to attract WB to build new railway from Afghanistan to Pakistan