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Central Asia Economic Outlook: September 2019 (2)

13 December 2019
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Kazakhstan

Macroeconomic

Memorandum for online trade development signed in Kazakhstan
Over $2.2M of physical entities' loans debt written off in Kazakhstan
Kazakhstan to take action on improving positions in international ratings
World Bank identifies key components for development of Kazakh economy
WB: Kazakhstan’s economy has impressive record of economic growth
World Bank talks Kazakhstan's potential to be among world’s top 30 economies
Kazakhstan aiming to enter TOP 30 most developed countries list
Fitch reveals preliminary rating to forthcoming Kazakhstan EUR notes
Investments in Kazakhstan's Almaty nearly equal $800M
Number of small, medium business ventures up by nearly 20% in Kazakhstan's Zhambyl region
System for regulation of local content in public procurement to be used in Kazakhstan
Kazakh refineries to undergo digitalization projects implementation
Projects' worth over $200M to be implemented in Kazakhstan's Zhambyl region
Over 10 investment projects be implemented in Kazakhstan's capital
SME share in gross regional product of Kazakhstan's Zhambyl to exceed 20%
Kazakh export to EAEU countries down be over 5%
Subsidiary of Kazakh Baiterek attracting venture investments to Kazakhstan
WB makes recommendations for Kazakhstan to improve public procurement
ADB forecasts Kazakh GDP growth acceleration
Turkmenistan reveals state budget revenue forecast
Turkmenistan's foreign trade turnover grows
Foreigners to invest over $200M to Kazakhstan's construction sector
No single currency for EAEU countries

Finance & insurance

Kazakhstan's largest bank aims at dev't, implementation of modern technologies
S&P talks long-term insurer financial strength of Kazakh Oil Insurance Co.
S&P talks long-term insurer financial strength rating on Kazakh Grain Insurance Company
Development Bank of Kazakhstan, Kazakh association of appraisers agree on cooperation
WebMoney expands list of services provided in Kazakhstan
WebMoney guarantor in Kazakhstan to provide users with new payment services

Industry

Gold producing company of Kazakhstan to increase extraction volume
Tire recycling launched in Kazakhstan's Akmola region
Kazakhstan's Ural Transformer Plant aims at further manufacturing automation
Manufacturing of 800 types of lubricants launched in Kazakhstan
Equipment of enormous sizes manufactured in Kazakhstan
Project of manufacturing of polypropylene underway in Kazakhstan

Foreign economic relations

China's top legislator to visit Azerbaijan, Kazakhstan, Russia
Kazakhstan Germany’s most important trading partner in Central Asia
Kazakhstan, Ukraine increase mutual trade by nearly $150M
Trade turnover of Kazakhstan, South Korea up by nearly 2 times
Number of Kazakh citizens buying real estate in Turkey increases
Kazakhstan, China agree on increase of uranium export
Kazakhstan's Shymkent looks into exporting goods to Hong Kong
Kazakhstan and Egypt may cooperate in construction of satellites
Meetings of 2 influential int’l judicial associations in Kazakhstan
Georgia and Kazakhstan expand mutual trade
Amount of exports from Ankara, Istanbul to Kazakhstan disclosed
Kazakhstan invests over $70M in Georgia (Exclusive)
Kazakhstan, Jordan may establish export of Kazakh grain
Spheres of interest for cooperation of European business with Kazakhstan revealed (Exclusive)
Kazakhstan, Thailand consider strengthening inter-parliamentary co-op
Kazakhstan, China agree on export expansion
Kazakhstan, South Korea to implement over 40 joint projects
France appreciates Turkmenistan's efforts to strengthen regional co-op in Caspian Sea
Iran, Kazakhstan talk bilateral cooperation strengthening

Energy

Agreement of export of Kazakh oil to Belarus may be reached before end of 2019
Oil extraction down in some Kazakhstan's regions
Kazakhstan's Karachaganak closes for maintenance
Kazakhstan to develop roadmap for oil fields life extension
Major oil companies of Kazakhstan, Russia agree on co-op terms
Kazakh Altynalmas assessment: Nearly $100M needed to develop Dolinnoye field
KazMunayGas, Equinor sign joint study agreement
Production in renewable energy sector up by over 30% in Kazakhstan
100 filling stations to be constructed in Kazakhstan
Another renewable energy project launched in Kazakhstan' Karaganda
Russia's TATNEFT interested in launching projects in Kazakhstan
Eni reveals equity output at Kazakhstan’s Karachaganak, Kashagan fields
EBRD, Green Climate Fund to support renewable energy development in Kazakhstan

Agriculture

Kazakhstan to establish powdered camel milk export
Oman interested in importing Kazakh meat and cereals
ADB to support Uzbekistan's farmers to increase productivity

Transport

Number of new cars up by nearly 30% in Kazakhstan
Kazakhstan to build 14 new transport and logistics centers
Kazakhstan may export trains to Lithuania
Cars manufacturing increases by nearly 70% in Kazakhstan
Cargo volume transportation between Kazakhstan, China to exceed forecast
Number of cars operating on diesel fuel up in Kazakhstan
Flights from Kazakhstan to be received by all airports of Moscow
Cargo transit via territory of Kazakhstan significantly up
Kazakhstan temporarily halts vehicles registration
Kazakh low-cost airline to establish flights to Moscow
Kazakhstan's car manufacturer increases production by 80%
Kazakh SaryarkaAvtoProm cars manufacturer talks main development areas

Turkmenistan

Macroeconomic

Turkmenistan preparing draft state budget for 2020
Turkmenistan develops standards for transfer of state property for rent
State Customs of Turkmenistan developing int’l co-op
Interim head of Turkmenistan's State Committee for Water Resources appointed
State Customs of Turkmenistan developing int’l co-op
ADB discloses updated forecasts on Turkmen economy for 2019-2020
ADB promoting development of transport, energy in Turkmenistan
Turkmenistan’s GDP grows greatly since early 2019
Turkmen company to export coffee
Turkmenistan reveals state budget revenue forecast
Turkmen President proposes constitutional reform

Finance & insurance

EBRD, Turkmenistan discuss partnership strategy
Turkmen bank introducing MasterCard payment network

Industry

Turkmenistan puts up big cargo of polyethylene for trading
Turkmenistan to start production of solar panels made of glass
Turkmenistan opens enterprise for production of decorative products
Turkmenistan buys laser planners

Foreign economic relations

Turkmenistan, Kyrgyzstan hold joint business forum
Kyrgyzstan interested in opening direct air links with Turkmenistan
Qatar appoints new ambassador to Turkmenistan
Amount of cargo transshipment from Turkmenistan via Turkish ports disclosed
Management Development Institute of Singapore offers to open branch in Turkmenistan
Turkmenistan ready to conduct trade settlements with Kyrgyzstan in national currency
Qatari ambassador completes diplomatic mission in Turkmenistan
Turkmenistan, Germany aim to intensify economic co-op
New Ambassador of Kazakhstan takes office in Turkmenistan
Belarus publishes data on migration from Turkmenistan
Turkmenistan buys grain from Kazakhstan
Afghan ambassador completing diplomatic mission in Turkmenistan
Turkmenistan, Morocco hold political consultations
Which cities in Turkey account for most of exports to Turkmenistan?
Ashgabat, Minsk mull co-op in economic sphere
Cargo transportation from Turkey to Turkmenistan increases
Turkmenistan modernizes fiber-optic communication line with Kazakhstan and Uzbekistan
Ukraine, Turkmenistan developing co-op in construction sector
Putin: Russia stands for further consolidation of strategic partnership with Turkmenistan
Turkish holdings stand for strengthening business partnership with Turkmenistan
Turkish holding building power transmission line from Turkmenistan to South Asia
UK ambassador taking up duties in Turkmenistan

Energy

Afghanistan buys liquefied natural gas in Turkmenistan
Hikmet Hajiyev: Azerbaijan can consider potentiality of its role as transit country of Turkmen gas
Turkmen power stations using GE technology
Turkmen fuel&energy intends to attract foreign investments
Enterprise for production of premium flour commissioned in Turkmenistan
Turkmenistan expands output of electrical products
Turkmenistan may become leading exporter of electricity in Central Asia
S&P Global Platts comments on Trans Caspian Pipeline’s economic viability
Turkmenistan eyes to diversify gas supply routes to world market
Pakistan counting on Turkmen gas supplies
UK buys liquefied gas from Turkmenistan
Turkmenistan carries out oil drilling in its Balkan district
Ashgabat hopes for rapid construction of Afghan section of TAPI gas pipeline
Russian ERIELL receives first gas inflow at pre-Jurassic deposits of Uzbekistan

Agriculture

Large-scale poultry complex commissioned in western Turkmenistan
Cotton harvesting starts in Turkmenistan’s Dashoguz Region
Turkmen private sector increasing fruit and vegetable crops
Turkmen company starts exporting melons to Austria

Transport

Russia, Turkmenistan agree on Caspian cruise tours
Turkmenistan buys Russia’s KAMAZ trucks
Kyrgyzstan interested in opening direct air links with Turkmenistan
Cargo transportation from Turkey to Turkmenistan increases
Amount of cargo transshipment from Turkmenistan via Turkish ports disclosed

Uzbekistan

Macroeconomic

Uzbekistan signs 22 agreements worth over $90 M with foreign companies
Egypt to support Uzbekistan in joining WTO
Uzbekistan plans to introduce luxury tax
Chinese company to implement 2 investment projects in Uzbekistan
Which benefits Uzbekistan to gain from Trade Facilitation Program of EBRD?
Uzbekistan boosts gold exports
Uzbekistan may ban Import of some products
Uzbekistan's WTO accession to increase only imports, exports to lag
ADB Vice-President reaffirms commitment to Uzbekistan’s development
Total progress on ammonia production project in Uzbekistan - 91%
Uzbekistan to liquidate several state organizations
Central Bank of Uzbekistan may switch to inflation targeting by year’s end
Uzbekistan among TOP-20 countries for doing business - World Bank

Finance & insurance

Uzbekistan to mine up to 74 million tons of copper ore per year at new deposit
EBRD may provide $90 M loan to Uzbekistan
Uzbekistan approves procedure of withdrawal of money denominated 25 soums and less
Uzbekistan plans to implement infrastructure projects with World Bank
Uzbekistan leads by amount of money transfers from Russia
Dutch FMO discloses details of loan to Uzbek Ipak Yuli bank
EIB to support Uzbekistan in efforts to recover Aral Sea
New areas for cooperation with EIB proposed in Uzbekistan
Uzbek ATMs to suspend US dollar issuing
Uzbekistan to lower single social payment for state enterprises in 2020
EIB, Uzbekistan sign agreement worth 100M euros
Central Bank: Uzbekistan's foreign debt up by $ 3.4 B

Industry

Exporters of finished textile products in Uzbekistan to receive benefits
Uzbekistan’s Uzkimyosanoat, Samsung Engineering working on joint project
Uzbek cars manufacturer may establish assembling n Russia
Uzbekistan’s Navoiyazot JSC completes project worth nearly $500M

Foreign economic relations

Singapore boosts imports to Uzbekistan by over 8 times
Uzbekistan exports nearly double
Uzbekistan interested in importing products from Bulgaria
Belarus increases export of dry products to Uzbekistan, decreases to Kazakhstan
Russian company looks into investing in Uzbek tourism sector
Turkey's TOP 5 cities in exports to Uzbekistan
Uzbekistan, Bulgaria agree on business council creation
Turkey-Japan joint project in Uzbekistan to save up to 500 mcm of gas
Volume cargo transportation from Turkey to Uzbekistan disclosed
Uzbekistan, Belarus agree on co-op in ICT
Uzbekistan, France to set up JV in energy sphere

Energy

Uzbekistan: no word from Afghanistan regarding power line transmission damage
Total Eren’s PV plant is first large-scale renewable energy project in Uzbekistan
Uzbekistan to launch production of electric vehicles jointly with Chinese company
Uzbekistan reduces gasoline, oil production
ADB completes project to reduce loss of energy in Uzbekistan
LUKOIL Uzbekistan announces a tender for technological chart of fields development
Uzbekistan hosting CAREC forum
Energy ministers of CAREC member-states sign first declaration
Uzbeknefteqaz receives draft of agreements from int’l companies desired to work on Ustyurt field
Uzbeknefteqaz Board Chairman: SOCAR provides a lot of technical support for us
Saudi Arabia strives to contribute to support TAPI gas pipeline
Chinese may invest in construction of wind farm in Uzbekistan
Uzbekistan to reduce VAT rate
Epsilon receives flow rate of 1 mcm of gas per day from Uzbek field
Uzbekistan attracting experts from EU to help manage energy industry
Uzbekistan signs energy agreements with companies from USA, Afghanistan, Saudi Arabia
Chemical plant in Uzbekistan to be transferred to Cypriot company
Turkish Calik Energy eyes to participate in several projects in Uzbekistan
Fuel energy complex of Uzbek Karakalpakastan actively developing Surgil deposit
Exchange price of gas on Uzbek Commodity Exchange down by 20%

Agriculture

Uzbek government to cancel regulation of prices for agricultural products
Uzbekistan plans to end state procurement of raw cotton, wheat
Uzbekistan to switch to market pricing for agricultural products by 2021
Project for support of agriculture development implemented in Uzbekistan

Transport

Uzbekistan Airways to launch direct flights to Germany
Uzbekistan doubles car production
Russian Railways looking into participating in Bukhara-Miskin-Urgench-Khiva electricity supply
Modern subway trains to be used in Uzbekistan
Uzbek national brand to introduce new models of cars
Russian Railways: Uzbekistan to have opportunity to increase traffic
Uzbekistan, China launch first charter flight