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Regional Finance: May June (1)

19 September 2019
120 AZN 70 USD 60 EUR

Summary of main events



Tax breaks for Azerbaijani businesses to be extended for 3 years
Azerbaijan’s GDP, industrial production growing
Azerbaijan, Turkmenistan discuss prospects for economic cooperation
Baku’s first House of SMEs to open soon
Minister: economic reforms - basis for development of entrepreneurship in Azerbaijan
Russian Minister: Azerbaijan, Russia aim to go beyond ordinary trade
Azerbaijani delegation attends St. Petersburg International Economic Forum in Russia
Russia, Azerbaijan to hold business dialogue
Customs contributions to Azerbaijan's state budget increase
Azerbaijan's SME Development Agency to hold educational event for entrepreneurs
Azerbaijan’s GDP, industrial production growing
SME promotion campaign continues in Azerbaijan
Azerbaijan implements project to support development of female entrepreneurship
Central Bank of Azerbaijan confident in short-term inflation forecasts
Turkey reveals volume of crude oil imports from Azerbaijan
Change in prices for consumer goods in Azerbaijan for January-May
Forecasts surpassed on Azerbaijani state budget revenues
Azerbaijan-Poland business forum held in Baku
Minor changes may be made to Azerbaijani Tax Code
Russian Minister: Azerbaijan, Russia aim to go beyond ordinary trade
Azerbaijani delegation attends St. Petersburg International Economic Forum in Russia
Azerbaijan's SME Development Agency to hold educational event for entrepreneurs
Azerbaijan implements project to support development of female entrepreneurship
UAE to invest $10M in development of SMEs in Azerbaijan
Azerbaijan drafts bill “On small and medium business”
Minister: tax reforms in Azerbaijan yield positive results
German-Azerbaijani Chamber of Commerce preps 5-year report on Azerbaijan's business climate
Azerbaijani Ministry of Finance to auction manat bonds
Minister: Azerbaijan - EU’s main partner in South Caucasus
Bank deposits keep increasing in Azerbaijani regions


Azerbaijani NBCO significantly increased assets
Russia’s Gazprombank, International Bank of Azerbaijan sign co-op agreement
Capitalization of Azerbaijan’s banking sector up by more than 14%
Concessional loans issued to entrepreneurs of Azerbaijan’s Shamakhi District
VISA: Azerbaijan is priority market for introducing innovations
Central Bank of Azerbaijan, SECO sign memorandum
Bank deposits keep increasing in Azerbaijani regions
Total deposits value in Azerbaijan grows over 9%
Lending to regions increases in Azerbaijan
Volume of problem loans in Azerbaijan continues to decline
Value of guaranteed loans in Azerbaijan revealed
Volume of instant money transfers in Azerbaijan increases
Turnover on payment cards in Azerbaijan continues to grow


Azerbaijan's State Tourism Agency: travel companies need insurance mechanisms
Azerbaijan’s Bank Respublika sells part of its stake in insurance company
Azerbaijani insurance company increases liabilities by 10%
Insurance premiums in Azerbaijan in January-April 2019 revealed
Top 10 insurance companies of Azerbaijan in terms of fees announced
Top 10 insurance companies in Azerbaijan in terms of payments
Life insurance market shrinking in Azerbaijan
Azerbaijan’s non-life insurance market keeps growing

Production of Azerbaijan

Azerbaijani producer of plastic, aluminum containers to expand product variety
Azerbaijani mineral water producer to increase production volumes
Azerbaijani confectionery manufacturer launches new production line
Profits of Azerbaijan’s Ganja Instrument-Making Plant down by over 40%
Azerbaijani manufacturer of dairy products to expand range of yoghurts and cheese
Minister: Industrial zones to be created in all Azerbaijani districts
Azerbaijan, Russia can create joint venture in geological exploration
Azerbaijani confectionery manufacturer plans to expand product range
Ambassador: Russia, Azerbaijan creating JV for production of medicines
Azerbaijan’s Baku Textile Factory decides on exports to Arab countries
Baku Textile Factory looks to expand co-op with Germany
Industrial production grows in Baku
Azerbaijani manufacturer of PVC-windows, doors increases output
Azerbaijani confectionery manufacturer to expand product varieties
Azerbaijan’s Baku Textile Factory eyes to expand varieties of its exports to Europe

Trade turnover Azerbaijani Products

Azerbaijan’s Fostanpak expands export network
Azerbaijan increases tomato exports
Azerbaijan earns more on export of satellite services
Azerbaijani juice producer discloses export volumes
Azerbaijani flour producer to arrange exports to neighboring countries
Azerbaijani producer of fruit juices to strengthen export potential by late 2019
Turkey-Azerbaijan trade turnover decreases by almost $5 million
Azerbaijani producer of milk products plans exports to CIS countries
Azerbaijan to supply syringes to foreign countries
Azerbaijani company to export plastic pipes to neighboring countries
Azerbaijani wines may enter markets of China, Spain
Producer of mineral water in Azerbaijan decides on new export direction
Azerbaijani confectionery manufacturer eyes to expand export geography
Azerbaijani company eyes to set up export of РVC windows, doors
Azerbaijani manufacturer of canned fruits to expand list of export destinations
Azerbaijan’s Fostanpak expands export of household containers
Azerbaijani sweets manufacturer eyes to export products to new market
Russian ambassador: Russia, Azerbaijan eliminating barriers in bilateral trade
Russian ambassador: Azerbaijan-Russia trade exceeds $500 million
Azerbaijani producer of dairy products & fruit juices reveals export figures
Azerbaijan grows two varieties of strawberries imported from abroad
Azerbaijan’s Food Safety Agency expanding co-op geography
Azerbaijan continues to diversify and increase non-primary exports



Iran tries to secure foreign investments
Investment opportunities in Iran's Aras Free Zone
Iran discloses products with rising prices last month
Iran imposes tax on export of dates
Iran finds new ways to return foreign currency revenues
Central Bank of Iran explains inflation control in country
Iranian cryptocurrency to be commissioned soon
Gold coin price in Iran up by 1,500% comparing to past ten years
Iranian companies to provide tires for domestic market needs
Damages of foreign exchange fluctuation to Iran's economy
Minister reveals way to save Iran’s economy
Iran to launch biggest manufacturing complex in Anzali Free Zone
Iran's parliament OKs to set up free trade zone with EEU

Banks & insurance

Iran tries to solve banking problems with South Korea
Iran reveals number of loans given for sectors of economy
Minister: Iranian banks’ additional properties must be sold till end of this year
Stable foreign exchange rate positively impacts Iran's stock market
Iran tries to solve banking problems with South Korea

Middle Asia



Inflation rate, food prices increase in Kazakhstan
Kazakhstan reveals data on budget execution
Kazakhstan increases its gold reserves
Volume of large operating companies increases in Kazakhstan
Investments in Kazakhstan's exploration work to exceed $26M
Foreign exchange reserves of Kazakhstan continue to grow

Finance & insurance

Loan volume increases in Kazakhstan
Major Kazakh mobile operator allocates money on dividend payments
Kazakhstan's cash in circulation growing
National Bank of Kazakhstan to maintain foreign-exchange reserves
Deposit rates increase in Kazakhstan
Money transfers from Kazakhstan abroad increase
Volume of deposits up in Kazakh banks
Number of Kazakh insurance companies down, value of assets up
Kazakhstan, Poland to expand bilateral trade
Money transfers to Kazakhstan increase



Over 780 investment projects to be realized in Uzbekistan
Turkmenistan introduces region's investment opportunities to EU
WB reveals GDP forecast for Turkmenistan until 2021
Turkmenistan's GDP grows significantly since beginning of 2019
Turkmen delegation taking part in St. Petersburg International Economic Forum
Turkmenistan participates in 108th session of International Labor Conference
Central Bank of Turkmenistan introducing system of QR code payments
Turkmenistan improves legal framework for cooperation with IDB



Joining Eurasian Economic Union is Uzbekistan's internal matter
Forecasts for Uzbekistan's GDP growth revealed
Uzbekistan, Asian Development Bank to expand cooperation
Free economic zone for production of medicines to be created in Uzbek Andijan
Uzbek-Omani investment company expands its investments in Uzbekistan
Central Bank of Uzbekistan talks on innovations in payment system
Raiffeisen Bank to hold summit in Uzbekistan

Finance & insurance

Volume of done deals on Uzbek Commodity Exchange increases by 60%
Uzbek, Tajik banks sign loan agreement
Uzbek Central Bank talks development of digital economy
Fitch rates Uzbek capital 'BB-'; Outlook Stable
SCO countries want to increase share of national currencies in mutual settlements