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Central Asia Economic Outlook: July 2019 (1)

20 September 2019
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Kazakhstan

Macroeconomic

Investments in Kazakhstan's Shymkent city to exceed $2B
Income of National Fund of Kazakhstan triples
‘Made in Kazakhstan’ brand to enter foreign markets
EBRD's investments in renewables of Kazakhstan exceed $370M
Warehouses complex to be constructed in Kazakhstan
Pension payments of Kazakhs increase by over 13%
Food prices increase in Kazakhstan
Kazakhstan to implement projects worth over $2B
Kazakhstan's budget expenditures increase by over 26%
International reserves of Kazakhstan down by nearly 9%
Uzbekistan sees -0.5% deflation in June
Direct investments in economy of Kazakhstan to double
İmport products' prices up in Kazakhstan

Finance & insurance

Net external debt of Kazakhstan down by nearly $150M
Asian Development Bank to support largest power project in Central Asia
Ruble purchases down in Kazakhstan
Vneshekonobank of Turkmenistan makes new appointment
Euro sale up by over 20% in Kazakhstan
National Bank of Kazakhstan talks digital banking development

Industry

Aluminum products manufacturing to be launched in Kazakhstan
Sugar plant worth over $225K to be launched in Kazakhstan
German brand products to be manufactured in Kazakhstan
Kazakh plant to begin producing bioethanol
Innovative paper manufacturing project launched in Kazakhstan
Salt complex launch rescheduled in Kazakhstan
Kazakhstan to expand vegetable oil production
Paper manufacturing in Kazakhstan reaches nearly $68M
Kazakhstan to develop local equipment manufacturing
Alternative energy sources to be launched in one of Kazakhstan's region
Ceramics manufacturing to be modernized in Kazakhstan
Cost of exploration work in Kazakhstan could exceed $1M
Building mixes manufacturing to be increased in Kazakhstan
Poultry meat manufacturing to be launched in Kazakhstan's region
Another salt manufacturing construction halted in Kazakhstan
Main sources of labor migration to Kazakhstan revealed
Paper manufacturing to increase in Kazakhstan
Kazakhstan to use American technologies in meat manufacturing
Project on construction of mining&metallurgical complex developed in Kazakhstan

Foreign economic relations

Kazakhstan to develop entrepreneurship via Azerbaijan's model
Uzbekistan, Kazakhstan increase trade by more than 20%
Kazakhstan, Uzbekistan expand cooperation in tourism
Kazakhstan, Germany agree on extension of cooperation in training of managers
Major Kazakh oil company, Russia agree to co-op in geological exploration
Kazakhstan to implement joint projects worth over $80M with Tajikistan
Ukraine strives to expand cooperation with Kazakhstan
Kazakhstan to launch vehicle export to Tajikistan
Kazakhstan to expand export to Tajikistan

Energy

Eurasian Development Bank to participate in gas supply of Kazakhstan's regions
Kazakhstan and French Total agree on cooperation extension
KazMunayGas to develop new oil field together with major Italian company
Fuel spill accident takes place in Kazakhstan
Kazakhstan to launch new "green" project
Kazakh pipeline construction 50% done
OPEC+ agreement won't affect Kazakhstan - official
Construction work on Tengiz field of Kazakhstan suspended
Uzbekistan intends to transfer in trust two power plants to Kazakh company
OPEC discloses forecasts for oil supply in Kazakhstan

Agriculture

Meat import down in Kazakhstan
How bidaicoin will change agriculture of Kazakhstan
Kazakhstan's region to renew agricultural machinery
Major US company to launch irrigation installations manufacturing in Kazakhstan

Transport

Kazakhstan to renovate local passenger terminal in co-op with major company
Karachaganak Petroleum Operating to fund reconstruction project in Kazakhstan
Kostanay airport of Kazakhstan to see territory expansion
New passenger terminal to be constructed at Kyzylorda's airport of Kazakhstan
Kazakhstan to automatize control of heavy cars transport
Kazakhstan to increase cargo traffic from China
Kazakhstan, Japan to launch direct flights
Uzbek Ravon Nexia R3 for first time assembled in Kazakhstan presented in Almaty
Cars manufacturing to be increased in Kazakhstan
Kazakh cars manufacturer talks electric cars
Kazakhstan to expand direct flights with Turkey
Kazakhstan to launch manufacturing batteries for electric cars
Car parts manufacturing to begin in Kazakhstan's region
Monthly cars sales exceed 6 thousand in Kazakhstan

Turkmenistan

Macroeconomic

Turkmenistan holding auction for sale of state property
Turkmenistan publishes data on state budget execution
Turkmenistan's GDP grown significantly since early 2019
EBRD strengthens business partnership with Turkmenistan

Finance & insurance

Turkmenistan actively cooperates with international payment companies
EBRD reveals investments in Turkmen private sector
Vneshekonobank of Turkmenistan makes new appointment
Turkmenistan introduces MasterCard contactless plastic card

Industry

Turkmenistan aims to create electronic industry
Gasoline sales start in Turkmenistan
Turkmenistan to increase camel milk production
Turkmenistan launches facing brick manufacturing

Foreign economic relations

Moon Jae-in: Seoul aims to develop cooperation with Turkmenistan
Turkmenistan, Italy mull business partnership prospects
Turkey-Turkmenistan trade turnover up in May 2019
Turkmenistan appoints ambassador to Oman
Turkmenistan, Poland preparing highest-level meetings
Ireland shows interest in joint economic projects with Turkmenistan
Turkmenistan, Russia to hold talks on trade, investment
Minsk, Ashgabat aim to expand bilateral co-op - ambassador
China to expand strategic co-op with Turkmenistan, says Xi Jinping
Turkmenistan, Uzbekistan discuss prospects of business partnership
Japan Bank for International Cooperation eyes new projects in Turkmenistan
Turkish business circles ready to intensify co-op with Turkmenistan
Turkmenistan, Uzbekistan talk prospects for trade, economic co-op

Energy

Turkmenistan awaits start of construction of Pakistani section of TAPI gas pipeline
Turkmenistan intensifies work to develop single mechanism to supply natural fuel to Europe
Turkmenistan counts on foreign investment in fuel and energy sphere
Iran, Turkmenistan jointly extract 63M cubic meters of gas from Gonbadli gas field
Central Asian countries to create united electricity market
Eurasia Drilling Company sends one more rig to Turkmenistan
Turkmenistan to hold international oil, gas forum
Gazprom signs five-year contract with Turkmenistan
Turkmenistan delivers first batch of gasoline to Afghanistan
Turkmenistan develops new major gas chemical investment projects
Turkmenistan' first plant for production of gasoline from gas opens export prospects - President's Adviser
US, UK buy petroleum products in Turkmenistan
Gazprom to increase purchases of natural gas in Central Asia
Turkmenistan reveals geological survey results
Turkmenistan’s Ashgabatgas reinforces call for economical use of natural gas

Agriculture

Turkmenistan starts harvesting potatoes
Global Environment Facility implementing arid zone development project in Turkmenistan
Turkmenistan ends wheat harvesting with surplus
Turkmenistan expands agricultural partnership with India, UAE

Transport

International car exhibition to be held in Turkmen's Avaza
Azerbaijan, Turkmenistan have great prospects in transport and transit - official
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

Uzbekistan intends to introduce Tax Free system
Uzbekistan's budget to receive $ 443 M with introduction of VAT for Uzavtosanoat
Uzbek commodity exchange quadrupled export sales
Uzbek State Statistics Committee names goods with highest price increase
Uzbekistan prepares new investment law
Uzbekistan to create two companies for development of Fergana Valley
Food still leads price rally in Uzbekistan
WB allocates Uzbekistan loan to reduce unemployment
Uzbek Namangan region to get $1.3 B for projects
Uzbekistan raises tax on alcohol, tobacco
Actual amount of FDI development in Uzbekistan increase by 2.4 times

Finance & insurance

Uzbekistan may issue Eurobond once again
Uzbek Ministry of Finance reveals external debt parameters
World Bank allocates$150 M loan to Uzbekistan
Euro rate again falls sharply to Uzbek sum
Uzbekistan to provide financial support to small business
EBRD to participate in reforming Uzbek banking, financial sector
WebMoney enters Uzbek market
Contactless payment system of Uzbekistan develops rapidly
Uzbekistan withdraws 50, 100-soum coins, banknotes from circulation
WB to help Uzbek Airlines become hybrid airline
WB allocates Uzbekistan loan to reduce unemployment
European Investment Bank to allocate loan of $100 M to Uzbekistan
Uzbek soum is most authoritative local currency in Central Asia
WebMoney talks Uzbekistan’s benefits from joint co-op

Industry

Uzbekistan to build metal processing plant in Tajikistan
Uzbekistan to start building new metallurgical complex
Uzbek Commodity Exchange publishes results of trading of precious metals for June 2019
Uzbekistan may export products of Russian chemical company
Uzbekistan increases truck manufacturing fourfold

Foreign economic relations

Russia may invest 280 mln euros in Uzbekistan's hydropower projects
Trade House of Uzbekistan opens in Malaysia
Japanese brand may enter Uzbek market
Uzbekistan Exchange to place government securities at auction
Turkish corporation may establish joint production in Uzbekistan
Turkey-Uzbekistan trade turnover increases by over $48M
Malaysia may produce building materials in Uzbekistan
Russian company on operating in Uzbekistan (Exclusive)
Russian company plans to expand range of products for Azerbaijan (Exclusive)
Uzbekistan exports beans to South Korea for first time
Russian company talks on possibility of establishing regional hub in Uzbekistan (Exclusive)
Belarus to start production of antibiotics in Uzbekistan
Uzbekistan to allocate $45 M to Afghanistan
Turkmenistan, Uzbekistan discuss prospects of business partnership
Russian company to invest $75 M in Uzbek Angren Pack
Uzbekistan, UK approve intergovernmental agreement to enter into force after Brexit
Uzbekistan to buy U.S, Chinese sovereign bonds
Malaysian Chamber of Commerce talks future co-op plans with Uzbekistan (Exclusive)

Energy

Uzbekistan plans to build three coal-fired power plants
Uzbekistan intends to transfer in trust two power plants to Kazakh company
Rosatom talks about second stage of construction of NPP in Uzbekistan
Uzbekistan reforms oil, gas sector
Uzbekistan, China launch new cascade of small HPP
General Electric, Grupo Cobra to modernize HPP in Uzbekistan
Uzbekneftegaz, CNPC are working on 4th branch of Uzbekistan-China gas pipeline
Uzbekistan approves second PSA with Gazprom
UAE company may privatize Uzbek TPP
Rosatom begins second stage of construction of NPP in Uzbekistan
Uzbekistan raises gas inflow from well in Ustyurt
Uzbekistan plans to build two more NPP units
Uzbekistan receives first gas flow from Aralyk field
New gas field discovered in Uzbekistan
Uzbekistan plans to build three coal-fired power plants
Uzbekistan to create national brand of gas stations
Uzbekneftegaz to place up to 49% of its shares as part of IPO
Uzbekistan discloses gas production data for first time
Current hydrocarbon reserves Uzbekistan is enough for 20-30 years

Agriculture

Uzbekistan boosts co-op with Russia's Tatarstan in agriculture
British companies interested in importing Uzbek agricultural products
Uzbek company to supply sweet cherry to China
Uzbekistan increases import duties on agricultural products by up to 30%

Transport

Uzbekistan Airways resumes flights from Karshi to Moscow
UzAuto Motors talks about supply of cars to Azerbaijan
Uzbekistan to increase production, quality of cars
Uzbekistan to increase production, quality of cars
Uzbekistan to buy 12 transport, combat helicopters from Russia
Fifth Dreamliner of Uzbekistan Airways performs its first flight
Uzbekistan reduces cost of domestic cars by $140 M
Uzbekistan may build fruit, vegetable logistics center in Russia
Uzbek Ravon Nexia R3 for first time assembled in Kazakhstan presented in Almaty
German company may create transport, logistics center in Uzbekistan
General Motors Uzbekistan renamed
Uzbekistan Airways receives fifth Boeing 787-8 Dreamliner
Uzbekistan Airways publishes schedule of flights to Tbilisi
China to build environmentally friendly airport in Uzbekistan
Russian airline starts flights to Uzbekistan