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Central Asia Economic Outlook: October 2019 (2)

8 December 2019
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Kazakhstan

Macroeconomic

IMF forecast: Kazakhstan's GDP growth to slow down
Kazakhstan to accelerate investments attraction to country's north
Small business - key to boosting Kazakhstan's trade, service sectors
Ministry of National Economy talks Kazakhstan's modern economic model
Kazakhstan's imported goods increase in price
IMF forecast: Kazakhstan's GDP growth to slow down
Kazakhstan - first trade partner of EU in Central Asia
Kazakhstan attracts over $20B of investments in 9 months
Total value of Kazakhstan's trade turnover exceeds $60B
Ways to eradicate poverty in Central Asia named
EBRD provided over 20,000 loans for support of women entrepreneurship in Kazakhstan
The Dutch officially name most investible sectors in Kazakhstan
Over 30 infrastructure projects to be implemented in Kazakhstan
Kazakhstan takes 25th place in WB's Doing Business 2020
Kazakhstan to increase SMEs share to 50% of country's GDP
UK business eyes to invest in Kazakhstan's economy
Kazakhstan's agriculture sees investments growth by over 40%
Ministry: prioritized areas for Kazakhstan's economic dev't identified
Ways for dev't of diversified economy defined in Kazakhstan
WB: Kazakhstan has lowest poverty rates in Central Asia
Kazakhstan developing norms for exempting business from tax
Kazakhstan to increase SMEs share to 50% of country's GDP

Finance & insurance

Nearly $200K of loan debt written off Kazakh residents
Vehicle insurance payments reach nearly $50M in Kazakhstan
Kazakhstan's national bank allocates over $50M for car industry development
Kazakhstan's Sovereign Wealth Fund's income exceeds forecast
Kazakh reserve money narrows by over 10%
S&P reconsiders rating of Kazakhstan's Alfa-Bank
S&P assigns new rating to Kazakh-based VTB bank subsidiary

Industry

Subsidiary of Kazakhstan's largest copper producer to modernize manufacturing
Nearly 60 projects of mining & quarrying industry to be launched in Kazakhstan
Kazakhstan to establish sugar syrup production worth over $5M

Foreign economic relations

Over 12,000 tourists visited Kazakhstan in July
Kazakhstan - first trade partner of EU in Central Asia
Nearly 20% of Kazakh trade turnover accounts for Russia
Kazakh citizens purchase more than 500 real estate properties in Turkey
Ministry: Lithuania, Kazakhstan bilateral trade highly impressive
Projects in several economic areas to be implemented in Kazakhstan's Turkestan
MFAs of Kazakhstan, Uruguay hold first ever bilateral meeting
Kazakhstan, Lithuania highlight spheres of co-op interest
TOP 10 products Turkey exported to Kazakhstan since early 2019
Ministry: Lithuania, Kazakhstan bilateral trade highly impressive
Kazakhstan one step closer to exploring space with Turkey
China permits expansion of flax export from Kazakhstan
Kazakhstan, Belarus agree on co-op in space exploration

Energy

Kazakhstan to launch associated gas processing at major oil field
IAEA delivers first shipment of low enriched uranium to Kazakhstan
Kazakhstan to eliminate petrol smuggling
NCOC, Shell abandon development plans of Kazakh oil fields
Kazakhstan’s Kalamkas Sea and Khazar fields undoubtedly of interest to int'l investors
NCOC talks reasons for exiting Kazakhstan's Kalamkas Sea oil field
EXXENERGY: Kazakhstan has best indicators in dev't of renewable energy in Central Asia
Kazakhstan takes measures against petrol smuggling
UK's power company to supply renewable energy to Western Kazakhstan
Belarus interested in direct talks with Kazakhstan's oil extracting companies
Solar energy capacity in Kazakhstan's Karaganda to be expanded
Kazakhstan takes measures against petrol smuggling
UK's power company to supply renewable energy to Western Kazakhstan
Kazakhstan to double its renewable energy capacities
Kazakhstan on verge of exporting significant volume of oil to Belarus

Agriculture

Agriculture vehicles manufacturing launches in Kazakhstan's Kostanay
Romania seeks opportunities for agricultural cooperation with Kazakhstan

Transport

Most popular transport to visit Kazakhstan named
French solutions to ensure road safety in Kazakhstan's Almaty
Most popular cars in Kazakhstan revealed
Slight cargo turnover increase observed in Kazakhstan
Kazakhstan's national bank allocates over $50M for car industry development
Kazakhstan's local airline to launch flights on over 50 routes following redeployment
Alternative China-Europe-China route launched via Kazakhstan
Kazakhstan's QAZAQ AIR to resume international flights
Kazakhstan's Aktau port to purchase filters via tender
UK Civil Aviation Authority to support development of Kazakh civil aviation
Modern passenger trains to operate in Kazakhstan
Kazakhs spend over $500M on cars of local manufacturing
Kazakh ports' capacity increases to over 25 million tons per year
Kazakhstan's inland water transport increases cargo transportation by over 70%
Malaysian lowcoster eyes to launch direct flights to Kazakhstan
Major Kazakh companies look to launch flights to Saudi Arabia
Officials comment rumors on construction halt of Kazakhstan's metro
Kazakhs increase expenses on purchasing cars

Turkmenistan

Macroeconomic

Turkmenistan, Iran to hold meeting of Commission of Economic Cooperation
Turkmen-Iranian business forum held in Ashgabat
Turkmen delegation makes statement following summit in Ashgabat
UN consults Turkmenistan on customs controls
IMF publishes Turkmenistan's economy forecast for 2020
Turkmenistan reveals data on foreign trade
Japan implementing major investment projects in Turkmenistan
EBRD eyes to support private business in Turkmenistan
Turkmen postal service company offering domestic money transfer service

Industry

Turkmenistan holding int’l industrial exhibition
Switzerland supplying textile equipment to Turkmenistan
Turkmenistan launches caustic soda production
Turkmenistan increasing export of local products
Turkmenistan sells road bitumen to Uzbekistan
Turkmenistan launches fiberglass production
Turkmenistan exports cement to Uzbekistan and Afghanistan
Turkmenistan exports polypropylene bags to Georgia and Russia

Foreign economic relations

Turkmenistan, Russia agree to co-op in information security
Turkmenistan, China hold political consultations
Turkmenistan, Iran hold business talks
Turkmenistan approves its composition of business council with S. Korea
Number of Turkish citizens looking for job in Kazakhstan up
Turkmen, Iranian businessmen strengthening trade co-op
Turkmenistan, UK mull business partnership prospects
Turkmenistan eyes to develop co-op with countries in Asia-Pacific region
Ashgabat, Kabul committed to intensify economic co-op
TOP 10 products Turkey exported to Turkmenistan since early 2019
Turkmen delegation attends forum on co-op with China
Japan shows interest in Turkmen project to develop resources of Caspian Garabogazgol Gulf
Cargo transshipment from Turkmenistan via Turkish ports in September 2019
Turkmenistan, Georgia cooperate in international cargo transportation
Bosnia & Herzegovina ambassador accredited in Turkmenistan
Japanese companies sign new petrochemical contracts in Turkmenistan
Ashgabat, Seoul establishing joint Business Center
Japan to supply equipment to Turkmenistan
Turkmenistan, Japan sign co-op documents
Turkmen-S.Korean Business Council to be held in Seoul
Turkmenistan, Malaysia sign bilateral docs
Turkmenistan, Italy to hold joint business forum in Milan

Energy

Turkmenistan to strike deal with UK’s oil and gas company
Turkmenistan, China mull prospects for energy co-op
Turkmenistan, Pakistan mull TAPI gas pipeline project
Ashgabat to host int’l oil & gas forum
Turkmenistan okays measures to ensure sustainable operation of energy system
Turkey buys gasoline in Turkmenistan
China remains biggest importer of Turkmen gas
Afghanistan taking steps to ensure safety of TAPI gas pipeline
Turkmenistan eyes to develop oil & gas fields through foreign investments
Int'l oil&gas exhibition and conference kicks off in Ashgabat
Export credit agencies in Europe, Asia show interest in TAPI gas pipeline project
European Commission: Trans-Caspian gas pipeline from Turkmenistan may become reality
Turkmenistan may join Southern Gas Corridor - World Bank
SOCAR proposes opening of its trading house in Turkmenistan
EU rep discusses future Turkmen gas supplies to Europe in Ashgabat
Ashgabat stands for formation of global energy security system
Malaysia’s Petronas may extend agreement with Turkmenistan
Oil refinery in eastern Turkmenistan increasing output
UK, UAE buy oil products in Turkmenistan
Turkmen traders exporting oil products to neighboring countries
Turkmenistan eyes to ensure stable gas supplies to China

Agriculture

Land plots allocated for long-term lease in Turkmenistan's agricultural sector
Turkmenistan interested to co-op with Argentina in agricultural production

Transport

Turkmenistan Airlines to resume flights to Europe
Turkmenistan eyes to expand air communication with EU countries
Turkmenistan lobbying transport corridor from Afghanistan to Europe through Azerbaijan
Turkey discloses number of Turkmen companies registered in 9 months
Russia ships large batch of cargo vehicles to Turkmenistan
Russia’s Nordwind Airlines plans to launch flights to Turkmenistan’s Turkmenabat
Ship repair work continues at Turkmen port
Turkmenistan offers Malaysia to use transport corridor through Caspian Sea
Turkmenistan Airlines to launch flights to Malaysia

Uzbekistan

Macroeconomic

Summit of Turkic Council in Baku to push for economic balance of Turkic world
ADB, EBRD to implement joint project in Uzbekistan
Uzbekistan may abandon US dollar
Uzbekistan to issue residence permit to investors
Swiss investment company financing small, medium business projects in Uzbekistan
Uzbekistan’s Almalyk company boosts export by over 1.5 times
Uzbekistan’s Almalyk MMC to direct over $3 B investment for expanding raw material base
CCTS membership to help Uzbekistan get used to regional integration prior to acceding EAEU
EBRD official: 50M-euro project in Uzbekistan is being implemented
Uzbekistan plans to attract EBRD funds for financing uranium mines reclamation
IFC regional director reveals future plans for Uzbekistan
What IFC to contribute in modernization of Uzbekistan’s energy sector?
Uzbekistan exports total $13.6 B
Uzbekistan's turnover up by 37%
JICA may provide $100 M for project in Uzbekistan
Enterprises with foreign capital account for one third of total production in Uzbekistan
US to send experts to advise Uzbekistan on budget, public debt
Uzbekistan in TOP 20 in improving business climate of WB’s Doing Business 2020 rating
US Secretary of Commerce: Uzbekistan's aspiration for EAEU may complicate WTO accession
Uzbekistan plans to increase US exports to $1.5 B
Uzbekistan’s President doubles sum allowed for taking out abroad
Uzbekistan's GDP increases by 5.7%
Total income of Uzbekistan’s population amounts to $26.5B
Volume of foreign investment in Uzbekistan grows by 2.4 times
Over 70,000 enterprises open in Uzbekistan
Uzbek region signs agreements worth $1 B

Finance & insurance

Uzbekistan's balance of payments deficit halved
Drawdowns in ADB loan account in Uzbekistan up 2.5 times
Standard and Poor’s revises Uzbek bank rating to Positive
Uzbekistan’s Central Bank reveals country's foreign exchange reserve
Amount of deals on Uzbek Commodity Exchange hits nearly $100M
Koreans interested in importing electricity from Uzbekistan
Uzbekistan’s Central Bank keeps refinancing rate unchanged
Uzbek bank intends to attract $500M worth of investment
VISA turnover in Uzbekistan may exceed $3 B
US Eximbank may finance purchases of high-tech equipment by Uzbekistan
Loans with preferential rates to be canceled in Uzbekistan
Standard & Poor’s upgrades ratings of 2 Uzbek banks
Cash turnover at Uzbekistan’s bank cash desks amounts to $20.6 B
Property income in Uzbekistan totals nearly $1 B

Industry

Copper factory to be built in Uzbekistan, using experience of Chile, Peru
Uzbekistan concludes export contracts with Azerbaijan for textile supplies
Uzbek Surkhandarya region to establish leather, footwear enterprises
Large cement plant worth $144 M commissioned in Uzbekistan
Polish company to build meat factory in Uzbekistan
Uzbekistan’s gold exports up by 2.6 times
Uzbekistan to export textile to US
Int'l company successfully increases hydrocarbon production in Uzbekistan
Uzbekistan produces nearly $25 B worth of manufactured goods
Chinese to build new plant in Uzbekistan
China plans to produce cement in Uzbekistan
Turkmenistan exports cement to Uzbekistan and Afghanistan

Foreign economic relations

Russian companies to create data centers in Uzbekistan
Uzbekistan, Turkey’s Presidents discuss joint investment projects in Baku
Representatives of Turkic Council members sign number of MoUs
Uzbekistan, Azerbaijan to increase tourist flow
Belgian company may create JVs with Uzbekistan in advanced technologies field
Uzbekistan, Russia establish co-op in new field
Azerbaijani company about to complete costly project in Uzbekistan
Which goods Turkey exported most to Uzbekistan since early 2019?
Malaysian company plans to implement ICT projects in Uzbekistan
Russia's factories aim to increase supplies, start JVs in Uzbekistan
Russian Infosystem Jet company’s future projects in Uzbekistan
Russian company to become Uzbekistan’s reliable partner in digital business transformation field
Swiss Symbiotics talks on future projects in Uzbekistan
Ukrainian company delivers first batch of cattle to Uzbekistan
Uzbekistan launches visa-free regime with more countries
Uzbekistan, Italy to provide insurance coverage to their exporters
Swiss company seeks to foster job creation in Uzbekistan
Swiss Symbiotics talks on future projects in Uzbekistan
Uzbekistan not to transfer management of Uzbekcoal to Russian company
Japanese JICA boosts co-op with Uzbekistan
Turkey's exports from Ankara, Istanbul to Uzbekistan in 9 months 2019

Energy

US Epsilon publishes gas inflow after hydraulic fracturing at Uzbek field
SOCAR, Uzbekneftegaz ink roadmap for exploration at Uzbekistan’s investment blocks
US Epsilon announces another successful hydraulic fracturing at Uzbek field
US Epsilon brings daily gas volume in Uzbekistan’s field to over 6M cubic meters
Itochu, Marubeni intend to participate in modernization of Uzbek gas transmission system
Uzbekistan, Russia intend to jointly develop oil, fat industry
New gas processing plant commissioned in Uzbekistan
Texas shows interest in Uzbekistan’s oil, gas sector
NPP in Uzbekistan to save 3.5 bcm of gas
Uzbekistan imports 95% of oil products from CIS countries
Uzbekistan looks to receive up to 15% of electricity from its first nuclear power plant
Turkey-Japan joint project in Uzbekistan to save up to 500 mcm of gas
US Epsilon boosts oil production in Uzbek wells
Uzbekistan’s gasoline production down
ExxonMobil to strengthen co-op with Uzbekistan in geological exploration
Uzbekistan plans to up export of oil, gas products
US Epsilon boosts hydrocarbon production in Uzbekistan
Russian Gazprom may conduct geological exploration at four investment blocks in Uzbekistan
US Epsilon receives up to 40 tons of oil at two wells in Uzbekistan
Total Eren’s PV plant is first large-scale renewable energy project in Uzbekistan
Epsilon announces successful hydraulic fracturing at two wells in Uzbekistan
Uzbekistan’s Energy ministry talks successful gas flow at Kashkadarya field
Uzbekistan receives gas inflow from another well
ERIELL company receives natural gas flow at Uzbek field
Epsilon begins exploring new field in Uzbekistan with reserves of 10 B cubic meters of gas
Koreans to develop feasibility study to modernize Uzbek TPP
Epsilon continues to boost gas production in Uzbekistan
One of world's TOP 3 nuclear engineering companies establishes JV in Uzbekistan
Epsilon boosts daily gas production rate at Uzbekistan's field

Agriculture

Uzbekistan to sell wheat only through exchange
Malaysia, Uzbekistan strengthen co-op in agriculture
Uzbekistan intends to actively develop livestock
Uzbek company exports first batch of fruits to Oman
Uzbekistan intends to bring annual export of fruits, vegetables to $5 B
Three WB-financed agricultural projects in Uzbekistan named
Russia plans to implement investment projects in agricultural sector in Uzbekistan
JICA’s country officer talks on agriculture project in Uzbekistan
Ukrainian kiwi variety to be grown in Uzbekistan
Dutch CNH Industrial plans to launch agricultural machinery production in Uzbekistan
Samarkand region continues to lead in Uzbekistan’s agricultural sector
John Deere may create JV with Uzbekistan for production of agricultural equipment
Uzbekistan begins active development of livestock
Uzbekistan’s farmers to receive subsidies

Transport

Uzbekistan Railways introduces discounts on number of trains from Russia
Russian Railways to electrify Uzbekistan’s Railways
Uzbekistan, Tajikistan establish new bus route
Uzbekistan proposes to use Georgian seaports to restore Silk Road
Uzbekistan’s UzAuto Motors sells over 230,000 cars
Uzbekistan, Hyundai to accelerate construction of car factory
Uzbekistan shows interest in Russian transport corridors
Turkish airline launches charter flights to Uzbek cities
Uzbekistan ready to open direct flights from Russian city of Kirov
Uzbekistan buys large batch of armored vehicles from Russia