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Regional Finance: December 2018 (1)

14 October 2019
120 AZN 70 USD 60 EUR

Summary of main events



ILO: Azerbaijan can serve example for many countries in transition to formal economy
Tax amendments in Azerbaijan consider interests of business sector – ministry
Mortgage lending in Azerbaijan up
Manat rate strengthening may have negative impact on local producers - ministers
Azerbaijan's customs committee eyes to exceed 2019 budget revenue forecast
Ministry: Poland hopes for new investment projects with Azerbaijan
Inflation in Azerbaijan hits 2.3%
Who will benefit from recent changes in Azerbaijani Tax Code?
Finance Ministry: Azerbaijan to continue ensuring stability of manat rate
Demand for mortgage loans increases in Azerbaijan
Cash in circulation in Azerbaijan up
Lending increases by 14% in Azerbaijani regions
More than 40% of state budget expenditures of Azerbaijan provided for specific programs: minister
Mortgage lending in Azerbaijan up
Minister: Azerbaijan interested in increasing non-oil exports
Minister: Revenues, expenditure of Azerbaijani state budget-2019 to increase


Fitch reveals outlook on Azerbaijan's banking sector
ADB to help develop nonbank & alternative financial tools in Azerbaijan
PASHA Bank introduces new version of SME section on its website
Bank deposits of Azerbaijani population grow 12%
Registration of merchant account to be simplified in Azerbaijan
About 76% of deposits in Azerbaijani regions account for manats
Lending in national currency grows in Azerbaijan
Moody’s reveals main challenges facing Azerbaijani banks
Fitch reveals outlook on Azerbaijan's banking sector
Bank cards may become thing of the past for Azerbaijan


10 insurance companies provide over 90% of payments in Azerbaijan
Life insurance fees down in Azerbaijan
Azerbaijan expects increase in premiums on compulsory insurance of vehicles
Azerbaijan's non-life insurance market grows
Azerbaijan developing roadmap for insurance market development
Azerbaijani insurers eye to revive compulsory real estate insurance market
Azerbaijan eyes to tighten supervision over compulsory real estate insurance
Azerbaijan developing roadmap for insurance market development



Iran discloses amount of investments made in Hormozgan province
Iran minister: $2M to be invested in startups
Iran to increase public servants' salaries by 20%
Iran discloses amount of investments made in Hormozgan province
Iran announces volume of stone coal reserves in South Khorasan province
Iranian official talks on solution to many economic problems
Iran's 'debt plan' not yet operational
Over 80% of Iranian province’s economy accounts for private sector

Banks & insurance

Loans for employment worth over $3M issued in Iran’s Minudasht district
Iran, China stress solving banking issues
Bartering debts cannot solve problems of Iranian banks
Iran considers liberalization of currency market, economist says
Banking and economic relations between Iran and China are developing - CBI governor
Iranian banks have to sell their assets to pay off debts to CBI
Iran looks to ditch US dollar, set new financial channels with trade partners
50 branches of Iran’s Keshavarzi Bank to stop operating
Hemmati: Iran's Central Bank in control of currency market
How Iranian Central Bank prevents money laundering?

Middle Asia



Kazakhstan sees rise in prices
Inflation in Kazakhstan reaches 4.6%
S&P changes Kazakh KACC's business position assessment
IMF announces Kazakhstan's next year growth forecast
Pension assets of Kazakhstan's UAPF increase significantly
Kazakhstan's GDP up by 4.1%
Kazakh Food Contract Corporation's exports hike
Health & social services investments soar in Kazakhstan
9 projects agreed at Aktobe Invest 2018 in Kazakhstan
Unemployment rate in Kazakhstan hits record low over last 5 years
Kazakh National Bank announces inflation forecast for 2019
Kazakh National Bank announces 2019 economy growth forecast
Kazakhstan launches international investment forum
Kazakhstan’s foreign trade turnover grows steadily
High investment, consumer demands provide steady GDP growth in Kazakhstan
Local budget revenues in Kazakhstan hit record high
Hundreds of projects underway in Kazakhstan's Almaty region
Kazakh ICT investments up by 23%
Kazakhstan increases share of commodities in exports
Retail trade in Kazakhstan up by 6.4%
Kazakhstan increases export prices

Finance & insurance

Non-cash payment turnover more than doubles in Kazakhstan
Kazakh Tsesnabank needs time to restore funding base stability - S&P
Fitch reveals Kazakhstan's bank sector outlook
Kazakh banks' net profit highest over past 5 years
Money transfers to Kazakhstan up by more than 17%
ForteBank buys all shares of another Kazakh bank



Turkmenistan adopts state budget for 2019
Turkmenistan approves Digital Economy Development Concept
Significant GDP growth expected in Turkmenistan
Turkmenistan developing concept of transition to digital economy
Significant GDP growth expected in Turkmenistan
EU supports capacity building for multi-sectoral investments in Turkmenistan
Uzbekistan reveals stats on companies with foreign capital



Uzbekistan to ban sale of unlabeled goods
Significant GDP growth expected in Turkmenistan
Uzbekistan announces expectations on direct foreign investments
Uzbekistan's gov't reveals GDP per capita growth forecasts
Uzbekistan presents its investment portal
Trade sector accounts for most new small firms in Uzbekistan
Over 50,000 new enterprises established in Uzbekistan
Small firms take over 40% of Uzbekistan's construction sector

Finance & insurance

Uzbekistan-Kyrgyzstan trade turnover up by half
Number of projects with Chinese loans in Uzbekistan revealed
German Investment Corp. ready to invest in more spheres in Central Asia
Uzbekistan, UK aim joint socio-economic projects in Afghanistan
Uzbekistan, Sweden mull co-op in various sectors of economy
Uzbekistan resumes customs clearance of sugar from Ukraine
Uzbekistan to pay German creditors of bankrupt Zeromax company