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Central Asia Economic Outlook: July 2019 (2)

20 September 2019
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Kazakhstan

Macroeconomic

Investments to GDP ratio to increase to 30% in Kazakhstan
Investments in Kazakhstan's region development exceed $160M
Kazakhstan increases import with EAEU partners
Projects worth over $260M to be realized in Kazakhstan's region
Retail, wholesale trade up in Kazakhstan
Foreign investments in Kazakhstan increase by over 17%
Tax payments of Kazakh cars manufacturers exceed $6M
Projects worth over $260M to be realized in Kazakhstan's region
Kazakhstan's export to other EAEU countries down
Kazakhstan eyes new 'green' projects
Budget revenue plan exceeded in Kazakhstan
Income increase of Kazakh Samruk-Kazyna reaches nearly 80%
Investments in Kazakhstan's economy up
Reserve money of Kazakhstan down
Investments in Kazakhstan's economy up
Which fields in Turkey are of interest to Kazakh investors?

Finance & insurance

Loans volume increase exceeds 14% in Kazakhstan
Major Russian bank's subsidiary to expand activity in Kazakhstan
Halyk Bank of Kazakhstan to purchase storage area network via tender
Manufacturing of lightning industry increases in Kazakhstan
National Bank of Kazakhstan talks digital developments' support measures
Kazakhstan sees decrease of deposits in national currency
Total pension savings in Kazakhstan increase
EBRD talks spheres of interest in Kazakhstan
Eurasian Development Bank funds construction of solar park in Kazakhstan
EDB's investments in Kazakhstan exceed 40% of bank's portfolio
Eurasian Development Bank talks economy growth in Kazakhstan

Industry

EBRD funds ecologically friendly renovation of Kazakhstan's manufacturing
Manufacturing of lightning industry increases in Kazakhstan
Kazakhstan to increase coal extraction
Kazakhstan talks launch of German brand machinery assembling
Kazakhstan to launch fire-resistant construction materials manufacturing
Kazakhstan to use coal in a new way
Major Kazakh copper manufacturing company increases production volume
Kazakhstan increases industrial manufacturing

Foreign economic relations

Kyrgyzstan to increase bilateral trade with Kazakhstan
Kazakhstan interested in Japanese expertise in seismic-resistant construction
Kazakh citizens increase purchase of real estate in Turkey
Kazakhstan eyes new joint projects with Germany
Kazakhstan aims to develop investment co-op with Germany
Trade turnover between Azerbaijan and Kazakhstan exceeds $135M
German investments in Kazakhstan exceed $4B
Companies of Kazakhstan and Greece agree on JV co-op
Russian company talks measures of online trade development in Kazakhstan
Belarus equipment to be used in waste sorting in Kazakhstan
Kazakhstan takes measures to increase trade with Tajikistan

Energy

Design work starts for modernization of Satti rig from Kazakhstan
National oil transporter in Kazakhstan increases oil turnover
Over 80% of cars in Kazakhstan use petrol
National oil transporter in Kazakhstan increases oil turnover
Major oil companies to support further digitalization of Kazakhstan
Oil consumption up in Kazakhstan
Swiss-Swedish corporation to modernize Kazakhstan's oil refinery
Oil extraction to be launched on new field in Kazakh sector of Caspian Sea
Another Kazakh region supplied with uninterruptible energy
Alternative energy source to be constructed in energy-deficient region of Kazakhstan
Major oil refinery of Kazakhstan exceeds planned manufacturing volume

Agriculture

Uzbekistan, Kazakhstan plan to boost co-op in agriculture
Kazakhstan to further develop breeding dairy cattle
Agricultural production costs up in Kazakhstan
Smart village/agricultural town to be built in Kazakh region
Kazakhstan to increase agriculture machinery manufacturing

Transport

Kostanay airport of Kazakhstan to see territory expansion
Kazakhstan, Russia's KAMAZ to launch project worth over $400M
Kostanay airport of Kazakhstan to see territory expansion
French to help Kazakhstan Railways to implement digital technologies
Uzbekistan opens new connecting point on border with Kazakhstan for transport of goods
Eurasian Development Bank to participate in Kazakh Kuryk port development
Kazakhstan, Israel talk direct flights launch
Major companies of Kazakhstan and Russia agree on flights increase
Volume of cargo transshipment from Kazakhstan via Turkish ports disclosed

Turkmenistan

Macroeconomic

Turkmenistan prepares major "smart city" project
Turkmenistan introduces enterprise property insurance

Industry

Turkmenistan launches sale of its carpets on Alibaba
Belarus, Turkmenistan co-op in pharmaceuticals sector
German company creates JV in Uzbekistan for production of asphalt concrete

Foreign economic relations

German ambassador completing diplomatic mission in Turkmenistan
Turkmenistan, UAE stress importance of high-level negotiations
Turkmenistan cooperates with Turkey in ICT sector
Uzbekistan, Turkmenistan sign border demarcation protocol
Turkmenistan, Russia to hold business negotiations at regional level
President: Turkmenistan eyes to strengthen ties with UK
Iranian province counting on business partnership with Turkmenistan
Heads of Uzbekistan, Turkmenistan mull topical political issues
Turkmenistan to send humanitarian aid to Afghanistan
Turkmenistan prepares for business negotiations with Bahrain

Energy

EU discusses framework agreement on future supplies of Turkmen gas to Europe
Turkmenistan remains key gas supplier to China
Ashgabat, Tehran mull energy security issues
Turkmenistan discusses interaction with UN in transport and energy
US company offering new projects to Turkmen petrochemical industry
Turkmenistan’s crude oil production down
Turkmenistan-Iran gas dispute ended in Iran's favor?
Russia, US buy gas processing products in Turkmenistan
24th “Oil and Gas of Turkmenistan” int’l conference (OGT 2019)
Gas chemical cluster to be developed in Turkmen regions
Turkmenistan, Argentina mull prospects for co-op in energy sector

Agriculture

Turkmenistan completing sowing sugar beets
Turkmenistan increasing banana harvest
Turkmenistan increases export of fruits and vegetables
Turkmenistan interested in agro-partnership with Argentina

Transport

Tajikistan prepares railway project to Turkmenistan
Russia, Turkmenistan discuss prospects of transit transportation
Turkmenistan approves instruction on procedure for filling in transit declaration
Turkmenistan, Afghanistan stress importance of Lapis Lazuli transport corridor
Afghanistan starts building its own railway between Turkmenistan, Tajikistan

Uzbekistan

Macroeconomic

Uzbekistan takes measures to reduce food prices
Uzbekistan masters $1.8 B of foreign investment in first half of 2019
Volume of investments in fixed assets in Uzbekistan more than doubled
Volume of investments in Kashkadarya region of Uzbekistan increases
Volume of investments per capita in Uzbekistan amounts to $11.6 B
Uzbekistan's GDP exceeds $2.5 B
Uzbekistan raises rate of excise taxes on tobacco, alcohol
Uzbekistan begins process of accession to WTO

Finance & insurance

WebMoney talks Uzbekistan’s benefits from joint co-op
S&P places Uzbek bank on CreditWatch Positive list
Nearly 19 million bank cards in circulation in Uzbekistan
Uzbekistan to increase microcredit, microleasing
Uzbekistan to attract loan from China Development Bank
IFC talks on goals of operation in Uzbekistan
WB to allocate $656M to Uzbekistan
EBRD talks supporting Uzbekistan in transformation of financial sector
EBRD talks on priority areas of operating in Uzbekistan
Fitch assigns rating to Uzbekistan's Ipoteka-Bank

Industry

New manufacturing plants to be launched in Uzbekistan
China allocates over $3M for development of Uzbek cotton industry
Dutch company becomes owner of Uzbek factory
French-Italian aircraft manufacturer intends to enter Uzbek market
Uzbekistan intends to create textile hub in Russian region
Uzbekistan exports textiles worth $770 M
Uzbekistan to supply textile products to UK
Jizzakh cement may be used for construction of NPP in Uzbekistan
Uzbekistan, China to build large cement plant in Namangan
Saudi Arabian company to create cotton-textile cluster in Uzbekistan

Foreign economic relations

Agreement on extension of co-op between Uzbekistan and Belarus put into force
Belarusian company plans to export 200 dump trucks to Uzbekistan
Uzbekistan, Belarus to increase trade to $500 M
Uzbekistan, South Korea to establish new JV
Uzbekistan, Turkmenistan sign border demarcation protocol
Chinese company to invest $100 M in Uzbekistan
Turkish company may organize footwear production in Uzbekistan
Swiss company official: barriers impeding Uzbek business being removed
Number of Uzbek companies in Turkey down
Uzbekistan may begin importing meat from Mongolia
Chinese company to invest $100 M in Uzbekistan

Energy

Uzbekneftegas will no longer develop fields with reserves difficult to extract
Uzbekistan interested in TAPI gas pipeline project
Major foreign company to cooperate with LUKOIL in Uzbekistan
Uzbekneftegas will no longer develop fields with reserves difficult to extract
Uzbekistan interested in TAPI gas pipeline project
Major Russian oil company enters Uzbekistani market
Uzbekistan sees decline in crude oil output
Saudi Arabia intends to participate in construction of SPP in Uzbekistan
In 2019, 94 enterprises of Uzbekistan switch to coal
Russian company to supply equipment to Uzbek plant
Gazli - Shymkent gas pipeline of Uzbekistan resumes work after fire
New gas-bearing formation discovered in Uzbekistan
Uzbekistan establishes new JSC in oil, gas sector
IFC talks modernization of Uzbek TPP
Indonesian company plans to export gasoline to Afghanistan from Uzbek oil refinery
Saudi Aramco may participate in two Lukoil projects in Uzbekistan
Uzbek Ministry of Energy talks on joint project with Gazprom
ADB to support energy reforms in Uzbekistan

Agriculture

Uzbekistan, Kazakhstan plan to boost co-op in agriculture
Belarus intends to manufacture agricultural equipment in Uzbekistan
Uzbekistan, Belarus sign agreements in agrarian sector
Uzbekistan, China to expand co-op in agricultural sector
Uzbekistan may establish permanent imports of agricultural products to Russian region
Uzbekistan boosts co-op with Israel in agrarian sector
Uzbekistan begins exporting fruits to Malaysia
IFC to expand co-op with Uzbekistan in energy sector, agriculture
Samarkand region is leader in agrarian sector of Uzbekistan

Transport

Uzbekistan and Russia agree to resolve relevant transport issues
Uzbekistan resumes flights over Pakistan
Uzbekistan increases imports of vehicles from Belarus
Uzbekistan intends to increase car exports to 100,000 units until 2023
Swiss companies to build new terminal in Uzbek airport
US company to participate in re-equipment of Uzbek airport
New terminal to appear at Uzbek airport of Samarkand
Uzbekistan, Turkey to develop transportation by Baku-Tbilisi-Kars railway
Uzbekistan almost doubles production of cars