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Central Asia Economic Outlook: June 2019 (2)

22 September 2019
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Kazakhstan

Macroeconomic

Investments in Kazakhstan exceed $24B
Economic growth of Kazakhstan amounts to over 4%
Investments in environmental protection up in Kazakhstan
Kazakhstan to expand export routes
Kazakhstan and other EAEU countries increase mutual trade turnover
Kazakh tenge continues to weaken against US dollar
Kazakhstan's GDP growth index exceeds 103%
New projects to develop Kazakhstan's "economy of simple things"

Finance & insurance

Kazakhstan`s Aktogay Mining and Processing Plant be expanded
SCO countries want to increase share of national currencies in mutual settlements
Corporate deposits drop in Kazakhstan
Islamic banks of Kazakhstan expand assets
Value of foreign currency purchases exceeds $740M in Kazakhstan
Pension Fund of Kazakhstan purchases Eurasian Development Bank's bonds

Industry

New food manufacturing plants to be constructed in Kazakhstan
Kazakh venture decreases coal extraction
Kazakhstan manufactures over 10% of EAEU cement
The only aluminum manufacturer of Kazakhstan to increase output
Manufacturing of some metals drops in Kazakhstan
Kazakhstan increases industrial manufacturing
Aluminum manufacturing, export drops in Kazakhstan
New oil crops processing plant to be built in Kazakhstan
Food and beverages manufacturing volume increases in Kazakhstan
Glass plant to be constructed in Kazakhstan
One more region of Kazakhstan to launch salt extraction
Kazakhstan to increase sugar manufacturing

Foreign economic relations

Kazakhstan, Uzbekistan to expand cooperation
Kazakhstan to supply food products to Uzbekistan
Kazakhstan, Uzbekistan buy polyethylene in Turkmenistan
Summary on real estate purchases of Kazakh citizens in Turkey since early 2019
Turkey-Kazakhstan trade turnover increases
Number of Kazakh companies slightly down in Turkey
Turkmenistan buys grain from Kazakhstan
Value of foreign currency purchases exceeds $740M in Kazakhstan

Energy

Kazakh oil refining plant to increase benzol export to Russia
More renewable energy sources to be constructed in Kazakhstan
Kazakhstan looks to start exporting RON-92, RON-95 fuel
Kazakhstan may start exporting gasoline to Uzbekistan
Kazakhstan plans to extract nearly 90 mln tons of oil
Azerbaijan receives Satti rig from Kazakhstan
Italy leads by Kazakh oil import volume
Kazakhstan develops new project in alternative energy sector
Petrol manufacturing up, import down in Kazakhstan
Another oil refinery to be constructed in Kazakhstan
Sulphur manufacturing at Kashagan oil field in Kazakhstan to exceed million tons

Agriculture

Administration of Pavlodar region of Kazakhstan to invest in irrigation system's expansion
Turkish company to grow vegetables in Kazakhstan
Kazakhstan to increase beef exports to Uzbekistan
Kyrgyzstan becomes number one consumer of fruits, vegetables from Uzbekistan
How bidaicoin will change agriculture of Kazakhstan
Construction of poultry plant worth over $7M underway in Kazakhstan
Kazakhstan increases production, export of agricultural products
Turkmenistan buys grain from Kazakhstan
Kazakhstan to expand poultry meat manufacturing
Venture of Agriculture Ministry of Kazakhstan to purchase pumps via tender

Transport

Kazakhstan to increase container transport volume
Kazakhstan, Uzbekistan to build high-speed railway
Kazakhstan, Japan to launch direct flights
Uzbekistan, Kazakhstan to increase rail traffic
Caspian green ports of Azerbaijan, Kazakhstan, Turkmenistan aim for next level
Kazakhstan increases cars manufacturing
Kazakhstan sees decrease of car accidents
Airport terminals of Kazakhstan to be renovated
Major logistics center to be launched in Kazakhstan
Kazakh Air Astana’s subsidiary may open branch in Uzbekistan
Income of water transport companies reaches nearly $4M in Kazakhstan
Volume of cars sold in Kazakhstan amounts to over 24,000 in 5 months

Turkmenistan

Macroeconomic

Turkmenistan sets up interdepartmental commission on foreign investments
Turkmenistan considers int’l practice of regulating customs payments
Turkmenistan focuses on development of constructive co-op with Caspian countries

Industry

EU consulting Turkmenistan in promoting home décor, textile products to world markets
Turkmen company eyes to start manufacturing kitchen appliances
Turkmenistan eyes to launch production of materials on spunlace technology
Turkmenistan implements projects in raw materials processing
Turkmenistan, Afghanistan to establish joint ventures
Turkmenistan studying European energy efficiency experience in industry
Turkmenistan aims at exporting household chemicals

Foreign economic relations

Turkmenistan aims to increase electricity exports to Afghanistan
Turkmenistan, Kyrgyzstan developing business partnership
Kyrgyzstan ratifies agreement with Turkmenistan on elimination of double taxation
Turkenistan, Belarus discuss consular issues
Kazakhstan, Uzbekistan buy polyethylene in Turkmenistan
Ambassador of Turkmenistan presents credentials to King of Jordan
Turkmen, Russian presidents mull prospects for trade & economic co-op
Turkmenistan considers int’l practice of regulating customs payments
Turkmenistan, Afghanistan sign energy & transport agreements
Turkmenistan opens carpets shop in UAE
Austria, Turkmenistan outline areas of mutual cooperation
Ashgabat, Bucharest agree to intensify trade, economic co-op
Trump: US seeks to strengthen friendly relations with Turkmenistan

Energy

Russian oil company signs new agreement with Turkmenistan
Ambassador: US supports diversification of Turkmen gas export markets
US, Singapore buy oil, gas processing products in Turkmenistan
Turkmenistan to launch plant for production of gasoline from natural gas
Turkmenistan aims to strengthen export potential of fuel & energy complex
Turkmenistan aims to increase electricity exports to Afghanistan

Agriculture

Azerbaijan, Turkey buy cotton products in Turkmenistan
Over 1 million tons of wheat harvested in Turkmenistan
Russia counting on sale of agricultural aircraft to Turkmenistan
Turkmen president holds meeting on situation in agro-industrial sector
Turkmenistan preparing to harvest raw cotton

Transport

Turkmenistan inks major deal with Russia’s KAMAZ
Amount of cargo transshipment from Turkmenistan via Turkish ports disclosed
Turkmenistan lobbying transport project from Afghanistan to Turkey via Azerbaijan
Ashgabat and Seoul discuss co-op prospects in seaport management system
Turkmenistan Airlines eyes to buy another Boeing 777-200LR
Turkmenistan Airlines increasing number of flights to Russia’s Kazan
Turkmenistan expanding logistics capabilities of Turkmenbashi port in Caspian Sea
Turkmenistan, Azerbaijan mull Caspian Sea-Black Sea transport project in Bucharest
Turkmenistan Airlines to launch some new flights
Lufthansa to close Frankfurt-Ashgabat flight booking
Russia exploring possibility of supplying helicopters to Turkmenistan
Turkmenistan exploring possibilities of co-op with Russian shipyard
Turkmenistan Airlines preparing for flights to Tokyo

Uzbekistan

Macroeconomic

Export of pepper in Uzbekistan exceeds export of electricity
Share of goods in structure of Uzbekistan’s export reaches 80%
Uzbekistan's imports in January-May 2019 increase by over 30%
WB allocates Uzbekistan loan of $ 500 M
Dollar in Uzbekistan rises for 8th weeks in row; euro falls
Uzbek Central Bank talks on reasons behind low inflation
ADB adopts new 5-year development strategy for Uzbekistan
Foreign direct investment in Uzbekistan halves

Finance & insurance

Volume of done deals on Uzbek Commodity Exchange increases by 60%
Uzbek, Tajik banks sign loan agreement
Uzbek Central Bank talks development of digital economy
Fitch rates Uzbek capital 'BB-'; Outlook Stable
SCO countries want to increase share of national currencies in mutual settlements

Industry

Russian company talks construction of Uzbek metallurgical plant (Exclusive)
Coal mining in Uzbekistan decreases for second year in row
Uzbekistan intends to implement projects in power industry for $1B
Uzbekistan launches factory for production of jeans
Uzbekistan expands co-op with Italy, Belgium in textile sector

Foreign economic relations

Uzbekistan may import meat from Mongolia
Kazakhstan, Uzbekistan to expand cooperation
Uzbekistan, China set up JV
Kazakhstan to supply food products to Uzbekistan
Uzbekistan to supply fruits, vegetables to Belarus
Uzbekistan's foreign trade increase almost by quarter
Belarus aims to launch various equipment production projects in Uzbekistan
Uzbekistan wants to increase trade with Belarus by 6 times
Belarus sends dump trucks to Uzbekistan
German companies invest in construction of cement plant in Uzbekistan
Uzbekistan ranks second in the world in terms of remittances from Russia
Unofficial trade in Uzbekistan decreases 2.5 times

Energy

IFC may take part in modernization of Uzbek TPP
Uzbekistan, UAE intend to build wind power stations
President of Uzbekistan names reason for debt to Lukoil
Kazakhstan may start exporting gasoline to Uzbekistan
Lukoil intends to extract over 16B cm of gas in Uzbekistan
Uzbek Ministry of Energy talks development of new field with CNPC
Uzbek, Russian JV invest over $700 M in gas production
Wärtsilä talks solutions to modernize Uzbek energy system
France, Uzbekistan to create JV for extraction, exploration of uranium
Siemens to supply equipment to Uzbek gas field
Uzbekistan explains why its first NPP be constructed by Rosatom

Agriculture

Kyrgyzstan becomes number one consumer of fruits, vegetables from Uzbekistan
Uzbekistan to change its approach to agriculture
Uzbek region to establish new agro-industrial cluster
Uzbekistan, India to expand co-op in agriculture

Transport

Uzbekistan airlines to buy aircraft on lease
Uzbekistan to subsidize railway passenger transportation
Chinese company exports buses to Uzbekistan
Kazakhstan, Uzbekistan to build high-speed railway
Uzbekistan Airways to resume flights from Tashkent to Russian Khabarovsk
Uzbekistan Airlways waiting for Zelensky's statement to resume flights to Kiev
Czech company may start production of tractors in Uzbekistan
Uzbek airports may be transferred to Russia's Novaport Holding
Uzbekistan doubles import of cars
Uzbekistan almost doubles production of cars
Uzbekistan stops railway communication with Russia due to emergency in Kazakhstan
Income from transport services in Uzbekistan amount to $2.3B
Uzbekistan purchases armored vehicles from Russia
Uzbekistan to ban import of cars that don’t meet Euro-4 standard
Kazakh Air Astana’s subsidiary may open branch in Uzbekistan
Uzbekistan Airways to reduce ticket prices