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Regional Finance: March 2019 (2)

14 November 2019
120 AZN 70 USD 60 EUR

Summary of main events



Azerbaijan's GDP shows significant growth
Ranking of trade partners: Azerbaijan increases trade with Italy
Azerbaijan significantly increases exports
Increase in strategic currency reserves of Azerbaijan
Tehran, Baku to expand agricultural, banking and railway ties
Production, sales of bread may be exempted from VAT for another year in Azerbaijan
Tax minister: It is easy to invest in Azerbaijan
Next stage of project on dev't of female entrepreneurship implemented in Azerbaijan
How much will incomes of Azerbaijani population increase?
Thousands of micro-enterprises to open in Azerbaijan - minister
Minister: First DOST Center to open in Azerbaijan in coming days
Safar Mehdiyev: Azerbaijani Customs will fully switch to e-commerce
WCO sec.-gen. hails Trusted-Trader program implemented in Azerbaijan
Where do businessmen prefer to invest in Azerbaijan?


Mechanism of paying off problem loans to be approved soon in Azerbaijan
Central Bank of Azerbaijan reveals inflation expectations for this year
Azerbaijan can begin to regulate interest rates on loans
Russia's Gazprombank plans to implement new industrial project in Azerbaijan
How safe is Azerbaijan from cyber threats?
Tariyel Ismayilov has become a new Chairman of the Executive Board of Bank Respublika
Website for compensation of problem loans presented in Azerbaijan
Moody’s maintains stable outlook on Azerbaijan’s banking sector
Azerbaijan’s net financial assets decrease
Issuance of compensation for problem loans in Azerbaijan to start soon
Moody's comments on quality of corporate governance in CIS banks


MP: Compulsory medical insurance system in Azerbaijan to prevent illegal payments
Azerbaijani insurance company temporarily suspends sale of policies
Another company receives license for providing life insurance in Azerbaijan
Azerbaijani insurance company increases net profit by over 62%
Azerbaijan’s Qala Life Insurance greatly increases profit



Iran keeps up supply of fertilizers despite US sanctions
Increase in iron ore production of Iran’s major mining companies
How can Iran solve problems in employment, production?
Iranian gov't expected to receive $2 billion tax from banks' surplus assets
Iran announces new customs tariffs
Over 3,700 tons of commercial goods get standardization certificates in Iran’s Astara

Banks & insurance

Iran to face biggest damage if fails to approve FATF-related bills: former official
Several reasons why joining FATF has no positive effect for Iran
Iran: Passing FATF-related bills depends on Europe's approach
Iranian minister: Azerbaijani, Iranian citizens, companies to benefit from insurance opportunities

Middle Asia



Astana renamed as Nur-Sultan city
Commodity turnover between Kazakhstan, EAEU countries increases
27 investment projects put into operation via Kazakh Invest
National Bank of Kazakhstan plans to reduce inflation
Nearly quarter of Kazakhstan's active small companies operate in Almaty
27 investment projects put into operation via Kazakh Invest
Kazakhstan's GDP growth accelerating
National Bank of Kazakhstan plans to reduce inflation
Investment in Kazakhstan's processing industry declines sharply

Finance & insurance

Trading of KazAtomProm shares on AIX amounts to $16M
Number of credit cards use in Kazakhstan increases by over 27%
Tsesnabank shows largest increase in capitalization among Kazakhstan banks
Fitch affirms ratings of Kazakh Altyn Bank
Cash in circulation decreases in Kazakhstan



Turkmenistan starts production of roofing materials
Turkmenistan implements pilot project for declaration of goods at border posts
National Organization of Turkmenistan for Bar Codes taking part in introduction of digital economy
Turkmenistan introduces internal money transfer system
IMF praises achievements of Turkmen economy
Turkmen joint-stock commercial bank working to connect to MasterCard
Turkmenistan aims to export confectionery



KFAED approves $30M credit line to Uzbekistan
Uzbekistan’s foreign trade deficit amounts to $319.2 million
Uzbek authorities prepare memorandum on foreign trade regime for WTO accession
Uzbek Foreign trade turnover amounts to over $6B
WB to send $200M to develop small businesses in Uzbek villages
Uzvtortsvetmet modernizes capacities, realizes export expansion
Uzbekistan, UAE to upgrade infrastructure of Samarkand
Gold, energy dominate in Uzbek commodity exports
Uzbek government ceases regulation of price for cotton oil
Uzbekistan to stabilize prices for meat, dairy products

Finance & insurance

Uzbekistan, Russia to sign agreement on integration of national payment card systems
Uzbekistan makes amendments to legislation on easy payments in cash
Trustbank of Uzbekistan resumes participation in currency trading
EBRD extends new trade finance facility to UzPromstroybank
Trading in precious metals begins on Uzbek exchange market
Uzbek Central Bank suspends nine commercial banks from trading on currency exchange
Fitch rates four state-owned Uzbek banks
MasterCard to help developing payment system of Uzbekistan
S&P affirms Uzbek Bank's rating at B/B
Fees of Uzbek insurance company amounts to over $3M
Uzbek, S.Korean banks sign trade finance agreement
MasterCard to help developing payment system of Uzbekistan