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Central Asia Economic Outlook: June 2019 (1)

17 September 2019
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Kazakhstan

Macroeconomic

Inflation rate, food prices increase in Kazakhstan
Kazakhstan reveals data on budget execution
Kazakhstan increases its gold reserves
Volume of large operating companies increases in Kazakhstan
Investments in Kazakhstan's exploration work to exceed $26M
Foreign exchange reserves of Kazakhstan continue to grow

Finance & insurance

Loan volume increases in Kazakhstan
Major Kazakh mobile operator allocates money on dividend payments
Kazakhstan's cash in circulation growing
National Bank of Kazakhstan to maintain foreign-exchange reserves
Deposit rates increase in Kazakhstan
Money transfers from Kazakhstan abroad increase
Volume of deposits up in Kazakh banks
Number of Kazakh insurance companies down, value of assets up
Kazakhstan, Poland to expand bilateral trade
Money transfers to Kazakhstan increase

Industry

Another sugar plant to be built in Kazakhstan
Two more plants to be launched in Kazakhstan
Kazakhstan's industrial products jump in price by over 11%
Plant launch rescheduled in Kazakhstan's industrial zone
North Huajin Chemical Industries to invest in carbide plant construction in Kazakhstan
Kazakhstan's Aktobe to manufacture soft containers
Kazakhstan looks to increase production of mineral fertilizers
Volume of coal transfer to exceed 106 million tons in Kazakhstan
Foreign company to construct pectin plant in Kazakhstan
Volume of coal transfer to exceed 106 million tons in Kazakhstan
Major copper producer of Kazakhstan expands co-op with foreign partners

Foreign economic relations

Trade turnover of Kazakhstan, other CIS countries increases
Kazakhstan, Turkmenistan ready to expand co-op
Kazakhstan, China progressing with project to make textile fiber from plastic
Kazakhstan, Poland to expand bilateral trade
Kazakhstan, Singapore to expand cooperation
Czech Embassy talks on spheres of cooperation expansion in Kazakhstan
Turkmenistan, Kazakhstan discuss joint projects

Energy

More settlements of Kazakhstan receive gas supply
Revenues of KazMunayGas reach over $4,670M
National oil company of Kazakhstan increases oil refining
Oil extraction at Kazakhstan's Kashagan field breaks new record
Revenues of KazMunayGas reach over $4,670M
Kazakh national oil company increases oil transportation volume
Kazakhstan aims to have nearly 120 renewable energy sources by 2021
Oil production volume decreases in Kazakhstan
Solar plant construction cancelled in Kazakhstan

Agriculture

EGISTIC platform to help Kazakh farmers step into digital age
Kazakhstan cultivating German sugar beet
Unique project to be launched in Kazakhstan's Akmola region
Manufacturing volume in agriculture sector increases in Kazakhstan

Transport

Kazakh railways operator increases assets volume
Foreign entrepreneurs interested in creating logistics hub in Kazakhstan
Sales of cars exceed 20% in Kazakhstan
Cars manufacturing increases by nearly 50% in Kazakhstan
Car sales in Kazakhstan increase by 20%

Turkmenistan

Macroeconomic

Over 780 investment projects to be realized in Uzbekistan
Turkmenistan introduces region's investment opportunities to EU
WB reveals GDP forecast for Turkmenistan until 2021
Turkmenistan's GDP grows significantly since beginning of 2019
Turkmen delegation taking part in St. Petersburg International Economic Forum
Turkmenistan participates in 108th session of International Labor Conference
Central Bank of Turkmenistan introducing system of QR code payments
Turkmenistan improves legal framework for cooperation with IDB

Industry

Turkmenistan to increase export of carpets to UAE
Water treatment plant to be built in central Turkmenistan
Building materials industry developing in Turkmenistan
Turkey’s Norsel to start production of padding polyester in Turkmenistan
Turkmenistan expands production of laundry detergents

Foreign economic relations

Country director: ADB aims to contribute to increased exports in Turkmenistan
Turkmenistan appoints extraordinary and plenipotentiary ambassador to Netherlands
Belarus, Turkmenistan hold political consultations
Germany implements environmental project in Turkmenistan
Turkmenistan, S. Korea make amendments to convention on avoidance of double taxation
Turkmenistan ratifies strategic partnership agreement with Afghanistan
Turkmenistan, Austria to hold business talks in Vienna
Ambassador: Azerbaijan is close strategic partner of Turkmenistan
Turkmen Foreign Ministry hosts meeting with ambassador of Lithuania
Turkmenistan, Singapore hold political consultations

Energy

Ashgabat, Baku appreciate significance of Trans-Caspian high-speed information highway
Turkey reveals volume of jet fuel exports to Turkmenistan
Germany, Singapore buy oil products in Turkmenistan
Turkmenistan sees slight increase in natgas exports
ARETI discusses joint projects in fuel and energy sector in Turkmenistan
Russia announces transit forecast for Turkmen oil
Turkmenistan’s Ashgabatgas calls for economical use of natural gas

Agriculture

Wheat harvest starts in Turkmenistan
Turkmenistan aims to cooperate with UAE, India in agricultural sector
Reps of CIS countries mulling partnership prospects in agricultural sector in Ashgabat

Transport

Russia’s KAMAZ expects to ink contract with Turkmenistan
Turkmenistan participates in Regional USAID Program on Logistics
Uzbekistan launches new railway station at border with Turkmenistan
Italy co-financing Turkmen port’s expansion project
FM: Turkmenistan, Hungary to ink two agreements in civil aviation, road transportation

Uzbekistan

Macroeconomic

Joining Eurasian Economic Union is Uzbekistan's internal matter
Forecasts for Uzbekistan's GDP growth revealed
Uzbekistan, Asian Development Bank to expand cooperation
Free economic zone for production of medicines to be created in Uzbek Andijan
Uzbek-Omani investment company expands its investments in Uzbekistan
Raiffeisen Bank to hold summit in Uzbekistan
Central Bank of Uzbekistan talks on innovations in payment system

Industry

Investments in cement manufacturing in Uzbekistan increase
Uzbekistan's brick plant switching from gas to coal
Uzbekistan plans to increase the duty on import of shoes
New projects to bring benefits for Uzbek electrotechnical sector

Foreign economic relations

Companies of Russia and Uzbekistan agree on co-op
Uzbekistan's Namangan preparing for co-op with Indian companies
Uzbekistan, Turkey to launch joint cluster for production of shoes, leather
Uzbekistan signs agreements on co-op with foreign partners
US interested in prospects of fiscal policy of Uzbekistan

Energy

Tajikistan to supply electricity to Uzbekistan
Uzbekistan changes tax policy for renewable energy manufacturers
Uzbekistan to transfer state share of Fergana refinery to Indonesian company
Uzbekistan, French company establish JV in energy field
Lukoil increases gas production in Uzbekistan by 33%

Agriculture

Uzbekistan exports cherries to China for the first time
Uzbekistan to expand tobacco export
Poland to invest in potato seed production in Uzbekistan
Companies from Belgium, Netherlands, Israel to co-op with Uzbekistan in agriculture

Transport

Russian company upgrades three airports in Uzbekistan
Construction of automobile plant halted in Uzbekistan
Uzbekistan to launch production of low-cost cars and mini-crossovers in next five years
Time of starting Hyundai cars production in Uzbekistan announced
Uzbekistan to get discount on local truck production from 'MAN Truck & Bus'