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Regional Finance: November 2018 (2)

18 October 2019
120 AZN 70 USD 60 EUR

Summary of main events



EBRD preparing new country strategy for Azerbaijan
IBM creating blockchain-based identification system in Azerbaijan
EBRD reveals volume of loans to Azerbaijan in 2018
EBRD maintains interest in issuing manat bonds
FATF to present recommendations on cryptocurrency market regulation in 2019
IsDB reveals total portfolio value in Azerbaijan
Ranking of trade partners: Italy, Turkey increase trade with Azerbaijan
Ambassador: Switzerland invests over $850M in Azerbaijani economy
Azerbaijan eyes to expand scope of self-employment program
Unemployment keep decreasing in Azerbaijan
Chamber of Auditors: Roadmap needed to cut shadow economy in Azerbaijan
Azerbaijan's non-oil industry grows by 10%
Minister: Changes in tax legislation to cover five areas in 2019
Azerbaijan's economy growing, says Fitch report
WB ready to help Azerbaijan reform labor market
Transactions in Azerbaijan’s non-cash foreign exchange market grow
Astrum Ventures seeking to sell real estate to Azerbaijani investors


Azerbaijan’s payment system to connect to Masterpass wallet
Azerbaijani banks may connect to SWIFT's gpi
Azerbaijan's Central Bank to apply smart contracts
Azerbaijan may launch lending platform bypassing financial organizations
VTB Bank Azerbaijan reveals priority plans for 2019
Azerbaijani bank installs automated deposit machine
VTB Bank to accelerate financing Azerbaijani products’ export to Russia
Banking sector of Azerbaijan restores its previous position
Azerbaijan Finance Ministry reveals plans on security issuance by end 2018
EY Azerbaijan participates in 3rd Banking Forum
Adoption of law on payment systems delayed in Azerbaijan
Azerbaijani banks have difficulty investing excess liquidity to economy
Major Azerbaijani bank changes its name
Leasing companies in Azerbaijan may get benefits
Azerbaijani retail facilities to use mPOS terminals
Bank cards may become thing of the past for Azerbaijan
Money transfers to Azerbaijan increase
Ansar Leasing: Situation intensifies in Azerbaijan's leasing market but problems remain
eManat adds new state payment options to its arsenal


Fitch: Quality of Azerbaijani AzInsurance’s investment portfolio moderately improves
Azerbaijan's Qala Insurance to significantly increase fees
Azerbaijan’s Xalq Life Insurance appeals for license
Azerbaijan's insurance market grows
A-Group: Medical insurance market in Azerbaijan to show significant growth in 2019
Azerbaijan eyes to amend rules for social insurance contributions



Official proposes method to help Iran’s economy under sanctions
Iran's Hormozgan reports on sponge iron, steel exports
US dollar depreciation in Iran not an economic issue, says official
Iran’s East Azerbaijan province discloses amount of foreign investment licenses this year
Iran discloses amount of foreign investments in South Khorasan province
Iraq abuses Iran's economic situation – official
Iran’s Central Bank reveals rules on export revenue return
Iranian expert: New sanctions may be more serious than November ones
Iran's foreign debt drops by 9%
Number of licensed industrial projects increases in Iran’s Yazd province
Over $14M invested in border terminals of Iran’s West Azerbaijan Province
US meddling prevent regional co-op with Iran – economic expert
Inflation rate up in Iran
Iran financial interests depend on FATF bill – Austrian envoy

Banks & insurance

Sanctions on Iran banks affect exports, says steel industry rep
Debts of Iranian banks revealed
Unidentified bank accounts in Iran blocked upon CBI order
Number of returned bank cheques down in Iran
SWIFT suspension to cause 25% rise in prices: ex-Iranian minister
China, first country that banned textile raw materials` export to Iran
CBI announces conditions to establish branches of foreign banks in Iran
Expert: US Treasury Department seeks to paralyze Iran’s financial system
Iran to limit transactions via POS terminals
Iran Central Bank encourages exporters to sell currency to banks

Middle Asia



Kazakhstan reduces beer exports, focuses on meeting domestic demand
Which countries top list of Kazakhstan's major trade partners?
Official talks Kazakh-Turkish joint economic program
Kazakhstan National Bank chairman talks inflation expectations
Shadow economy in Kazakhstan down by 3 percent
Kazakh economy ministry lowers GDP growth forecast
Which countries are main investors in Kazakhstan?
8 manufacturing enterprises to appear in Kazakhstan's Turkistan region
Money transfers within Kazakhstan up by over 3 times
Vegetables continue to rise in price in Kazakhstan
15 investment projects underway in Kazakhstan's Aktobe region

Finance & insurance

Capital ratios of Kazakh banks to remain under pressure - S&P
Kazakh bank attracts Indian investors
Fitch: Asset quality – primary reason for several Kazakh banks’ failures
Russia accounts for half of money transfers to Kazakhstan
Kazakh bank deposits in tenge rise by 1.2%
Kazakh banks' assets slightly up year-on-year
Kazakh banks launch Apple Pay service



Integrated trade program adopted at CAREC Conference in Turkmenistan
EBRD, EU to support small business program in Turkmenistan
Tajikistan expected to grant tax exemptions to some Chinese, Turkmen and Uzbek companies
Ashgabat hosting workshop dedicated to digital economy
CNPC talks its investments in Turkmenistan
Turkmenistan invites foreign companies to develop country's oil sector in Caspian Sea



ADB to establish one-stop-shops in Uzbekistan's horticultural sector
EBRD's event to spur diagnostics of Uzbekistan's capital markets
Uzbekistan reveals retail trade statistics
Uzbekistan's foreign trade deficit exceeds $5B amid falling exports
Uzbek businessmen invited to take part in revival of Kazakhstan's Turkistan
Uzbekistan's government reveals economy growth forecasts
Uzbekistan's exporters to enjoy new tax benefits
EBRD to help in development of Uzbekistan's bond, stock market
IMF publishes summary statement of its mission to Uzbekistan
EU to finance projects worth 25M euros in Uzbekistan's livestock, public services sectors
Uzbekistan's energy sector declining amidst growing investments
Exporters of Uzbekistan may get new tax benefits
French Development Agency to support Uzbekistan's budget expenditures

Finance & insurance

Credit Suisse allocates major loan to Uzbek national bank
Uzbek bank shows 'uncompromising' new website, by famous Russian designer
Banks of Uzbekistan to finance poultry projects
EIB to expand co-op with Uzbekistan in key sectors
Uzbekistan's Ipoteka Bank suspends co-op with Russian Unistream
Russian bank, working with Karabakh separatists, rapidly losing partners, clients
WB carrying out expertise of Uzbekistan's law "On Banks and Banking Activities"
EU allocates 10M euros to Uzbekistan, part of it for dev't of blockchain
Accounted shares value of Uzbek bank reaches almost $240M
Mirziyoyev slams commercial banks for relying on state support
Uzbekistan's Mirziyoyev increases legal protection of creditors
Uzbekistan's insurance firms collect almost twice more premiums
Uzbek Central Bank selling pure gold coins for over $1,500