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Central Asia Economic Outlook: August 2019 (1)

20 September 2019
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Kazakhstan

Macroeconomic

US directs unprecedented investments value to Kazakhstan
Kazakhstan looks to expand its export markets
Kazakhstan bans public procurement of imported goods
National chamber of entrepreneurs of Kazakhstan to support more entrepreneurs
Kazakh export of equipment to increase by 30%
Food prices increase in Kazakhstan
Export of Turkish goods to OIC member-states up
Measures of entrepreneurship dev't discussed in Kazakhstan
Kazakhstan to attract investments in gold exploration
Kazakh region to attract nearly $80M of investments
Tax administration digitalization to ensure revenues of nearly $5B to Kazakh budget
EAEU countries agree on joint activities for investment co-op development
Kazakhstan preparing project on import substitution

Finance & insurance

Subsidiary of Russian bank provides funds to set up modern business center in Kazakhstan
Kazakhstan sees decrease of money transfers
Multilateral development banks funding of Kazakhstan nearly reaches $260M
Fitch names main rating weakness of banks in Kazakhstan
Kazakh company discovers several new copper deposits

Industry

First stage of project for increase of ferroalloys manufacturing completes in Kazakhstan
Kazakhstan to launch fire-resistant construction materials manufacturing
Kazakhstan leads by food manufacturing among EAEU members
Kazakhstan to launch beef manufacturing in co-op with foreign investors
Major Kazakh company to increase fertilizers manufacturing
Gold reserves increase in Kazakhstan
Kazakhstan preparing project on import substitution

Foreign economic relations

Kazakhstan and Jordan talk cooperation expansion
Trade turnover between Azerbaijan and Kazakhstan exceeds $135M
Economy minister: Azerbaijan, Kazakhstan seek to further develop economic relations
Japan talks investment projects in Kazakhstan
ADB to support joint mission of Kazakhstan and US
Kazakhstan eyes new joint projects with Germany
Number of incoming Kazakh tourists decreases in Turkey
Sales of housing transactions up in Kazakhstan by nearly 10%
Kazakh entrepreneurs to study expertise of Israel partners
Investments co-op with Germany discussed in Kazakhstan
JAC pickup trucks of Kazakh assembly to be sold in Russia

Energy

Caspian Pipeline Consortium's crude oil handling up
Major solar park construction launched in Kazakhstan
Major oil refinery in Kazakhstan exceeds planned volume
Price of oil up, of petrol and fuel oil down in Kazakhstan
Major oil refinery put into operation in Kazakhstan
Kazakhstan eyes new 'green' projects
Refinery construction launched in Kazakhstan
Kazakh farmers switch to renewable energy
Major oil company to clean up oil-contaminated soils in Kazakhstan
EIA forecasts increase of oil output in Kazakhstan
Fitch talks KazTransGas credit profile changes
Eni to complete installation of wind turbines within Badamsha project in December
Kazakhstan begins exporting gasoline after ban lifting
Tengizchevroil to increase oil production to nearly 40M tons per year
Over 50 M tons of oil produced in Kazakhstan

Agriculture

Kazakhstan to increase agricultural goods manufacturing
Measures to start pigs meat export discussed in Kazakhstan
New investment projects to be realized in agriculture of Kazakhstan
More agricultural projects in Kazakhstan to receive support
EAEU countries to increase agricultural goods output
Israel to cooperate with Kazakhstan's region in more agriculture spheres

Transport

Kazakhstan sees increase in registration of cars
Major Kazakh company eyes to launch direct flights with Israel
Kazakhstan to launch manufacturing of unmanned aerial vehicles
Container transit via major Kazakh port significantly increases
Air Astana increases revenue by 12%

Turkmenistan

Macroeconomic

Azerbaijani businessmen buy goods at Turkmenistan State Commodity & Raw Materials Exchange
Turkmen businessmen prepare to sign new contracts
Measures on counteraction to illegal trade in ozone-depleting substances discussed in Ashgabat
Second Caspian Economic Forum to be held in Astrakhan
Turkmenistan's GDP keeps growing
EBRD supports diversification of Turkmenistan's economy
Turkmenistan consideres WTO accession
ADB appoints new Country Director for Turkmenistan

Industry

Turkmenistan expands geography of textile exports
Ashgabat to host international forum on electric power industry

Foreign economic relations

Turkmenistan, Afghanistan explore prospects for business partnership
Turkmenistan intends to sign contract with US’ John Deere
Turkmenistan, Saudi Arabia mull prospects for trade and economic co-op
Export of Turkish goods to OIC member-states up
Turkmenistan prepares for business negotiations with Bulgaria
Belarus, Turkmenistan to hold negotiations on supply of vehicles
Turkmenistan, Bulgaria discussing joint projects
Turkmenistan, Switzerland discuss business partnership prospects
Turkmenistan, Iran discuss prospects of business partnership

Energy

ADB to assist Turkmenistan in diversifying energy markets
China receives 23 bcm of gas through Central Asian gas pipeline
Turkmenistan increases industrial capacity of Galkynysh gas field
Turkmenistan remains key supplier of gas to China
Turkmenistan keeps Trans-Caspian gas pipeline project on agenda
Turkmenistan develops plan for development of renewable energy by 2030
Turkmenistan expands network of petrol stations
Turkmenistan publishes data on oil refining
Malaysian Petronas considering petrochemical projects in Turkmenistan
EIA reveals forecasts for oil output in Turkmenistan
Eni spends $2B for operations in Turkmenistan’s Burun field
Turkmenistan to hold talks on oil and gas projects
ARETI considering prospects of partnership with Turkmenistan in energy sector
Eni spends $2B for operations in Turkmenistan’s Burun field
Int'l consortium proposes Turkmenistan to implement Trans-Caspian gas pipeline

Agriculture

Turkmenistan increases export of fruits and vegetables
Turkmenistan to reduce areas allocated for wheat
Rich cotton crop cultivated in Turkmenistan in 2019

Transport

Turkmenistan lobbies transport corridor from Afghanistan to Europe via Azerbaijan
Russia builds high-speed passenger ship for Turkmenistan
Turkmen President: Caspian Sea located at crossroads of continental routes
Belarus, Turkmenistan to hold negotiations on supply of vehicles
Turkmenistan, Russia interested in investment co-op

Uzbekistan

Macroeconomic

Volume of fair trade on Uzbek commodity exchange increases threefold
Prices for non-food products in Uzbekistan increases
Uzbek State Statistics Committee publishes changes in food prices for July
Prices in consumer market of Uzbekistan increases by 5.2%
Uzbek Tax Committee publishes list of major taxpayers
Uzbekistan intends to double insurance market share in GDP
Uzbek Tax Committee publishes list of major taxpayers
Uzbekistan intends to use Turkish experience in tax administration
Russian companies develop over 60 projects for $100M in Uzbek region
JPMorgan Chase Bank to allocate loan to Uzbekistan for investment project

Finance & insurance

EDB plans to implement up to 5 projects in Uzbekistan
IFC talks on goals of operation in Uzbekistan
EDB plans to implement up to 5 projects in Uzbekistan
Double Taxation Protocol signed by Uzbekistan, Luxembourg enters into force
Uzbekistan becomes leader in attracting financing from int'l development banks
Kazakh bank syndicates loan to Uzbek bank
Uzbek Central Bank explains sharp rise in US dollar exchange rate

Industry

Uzbekistan to issue subsidies to silk-producing enterprises
China intends to attract investment in Uzbek pharmaceutical industry
Russian MetProm begins installation of equipment for Uzbek metallurgical plant
New textile production to be launched in Uzbekistan
Uzbekistan, Israel may co-op in industry
Uzbekistan is world’s most active gold seller
IFC to expand co-op with Uzbekistan in energy sector, agriculture

Foreign economic relations

Uzbekistan boosts co-op with US city of Philadelphia
Uzbekistan, Belarus sign contracts worth almost $300 M
Malaysian company may organize JV with Uzbekistan
Uzbekistan, Belarus to create seed cluster
Income of Russian Beeline in Uzbekistan increases by over 10%
Kyrgyzstan plans to borrow $100M from Uzbekistan
Russian companies intend to establish export to Uzbekistan
Uzbekistan deepens co-op with TIKA
First meeting of Supreme Council for Strategic Partnership of Uzbekistan, Turkey to be held in Ankara
Egyptian companies invited to invest in Uzbekistan
Central Asia’s trade potential is used only by 10%
Uzbekistan, Belarus to create joint production of antiseptic and disinfectants
Youth of Uzbekistan, Belarus to co-op in ICT field
Japan intends to expand investment co-op with Uzbekistan
Egyptian company to launch enterprise in Uzbek Fergana region
Belarusian concern increases supply to Uzbek market
Uzbekistan, AIIB to implement joint projects in Afghanistan
Russian plant to modernize copper production in Uzbekistan

Energy

China receives 23 bcm of gas through Central Asian gas pipeline
Uzbekistan to attract int'l experts to co-op in WB-funded project
Uzbekistan to launch TPP under construction of Japanese consortium
Uzbekneftegaz loses $212M due to low price gasoline sales
Gas stations in Uzbekistan to set own prices on RON-91 fuel
Russian company talks supplies of equipment to Uzbek plant
Uzbek TPP launches first gas turbine
Belarusian OneSoil talks implementation of project in Uzbekistan
Uzbekistan's project in TOP-5 refining, petrochemical projects in Caspian Sea, Central Asia
Cyprus company to acquire chemical plant in Uzbekistan
Uzbekistan discovers new oil field

Agriculture

South Korean company to supply rice planting equipment to Uzbekistan
Uzbekistan to establish domestic brand of agricultural equipment
Uzbekistan to use satellite data in agriculture
Uzbekistan to sign 3 agriculture agreements with Kyrgyzstan
Uzbekistan may start production of world’s most expensive berries
Uzbekistan intends to import Belarusian agricultural products
Uzbekistan intends to boost exports of agricultural products by 2.5 times
Uzbekistan increases exports of fruits, vegetables by 25%
Uzbekistan to bring localization level of agriculture machinery to 60%

Transport

Protocol on transport communication between Uzbekistan, Belarus comes into force
International logistics company opens representative office in Uzbekistan
Volkswagen to produce 4 car models in Uzbekistan
Uzbekistan purchases underground equipment from BelAZ
Uzbekistan, Germany plan to open flights on new routes
Uzbek-Korean JV to start supplying parts to Russian car factory
Uzbekistan to stop manufacturing cars till end of September
Uzbek-Chinese JV establishes co-op with Russian Aeroflot
Uzbekistan Airways opens tender to buy 2 tankers
Russian airline opens direct flight to Uzbekistan
Uzbekistan, Tajikistan, China to launch transport corridor
Fiat Chrysler Automobiles intends to manufacture cars in Uzbekistan