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Regional Finance: June 2019 (2)

17 September 2019
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Summary of main events



US announces return to WTO in Baku
Defense minister: Azerbaijan, Pakistan to hold joint exercises of special forces
GDP growth in Azerbaijan in 2018 boosted by non-oil sector
Statistics: Azerbaijani citizens spending more money
Azerbaijan's GDP increases
EU companies wait for deep tax reforms in Azerbaijan
Expenses of Azerbaijan's state budget exceed revenues
Pensions to grow in Azerbaijan once more next year - minister
VP Eastern Europe Carlsberg Group: Azerbaijani government makes big efforts for business development
Minister: Salaries, pension growth in Azerbaijan won’t affect inflation
Azerbaijan’s Mortgage & Credit Guarantee Fund amends procedures
Income of Azerbaijani population increases
Budget of Azerbaijan’s State Social Protection Fund grows by 200M manats
Azerbaijani Ministry of Finance to auction manat bonds
Azerbaijani ministry introduces new means of controlling entrepreneurs’ activities
Ministry: Inflation indicators in Azerbaijan to only slightly differ from projected ones
Since early 2019, 463 entrepreneurs get soft loans worth 46M manats in Azerbaijan
GDP growth in Azerbaijan in 2018 boosted by non-oil sector
Reps of int’l organizations familiarized with activity of Azerbaijan’s DOST center in Baku
Minimum salary for first time in Azerbaijan exceeds subsistence minimum - minister
FAO supports development of SMEs in Azerbaijan
Azerbaijan creates conditions for Montenegro's investments in various sectors of economy
PM: Montenegro invites Azerbaijani businesses to invest in priority areas
Asian Development Bank approves five-year Country Partnership Strategy for Azerbaijan
Income of Azerbaijani population exceeds 22B manats since early 2019
EU initiates two new projects in Georgia
Chief of IMF's Mission to Azerbaijan talks country's GDP
Azerbaijani Parliament approves amendments to state budget for 2019


Volume of instant money transfers in Azerbaijan increases
Assets of Azerbaijan Deposit Insurance Fund reduce
S&P improves its outlook on Azerbaijan’s Kapital Bank OJSC
AtaBank OJSC wins NETTY 2019
Azerbaijan’s Bank Respublika raises loan worth $8M
Azerbaijan’s PASHA Bank introducing new generation POS
Total deposits value in Azerbaijan grows over 9%
Daily payments get closer with AtaNet
Azerbaijan’s Depository Center inks deal on clearing, settlement on securities with banks
Total capital of Azerbaijani banks increases
Azerbaijan’s Chamber of Auditors to co-op with Russian colleagues
ADIF warns of changes to maximum rate on insured deposits in Azerbaijan


Bill on ‘Agrarian Insurance’ discussed at Azerbaijani parliament
Top 10 insurance companies in Azerbaijan in terms of payments
Azerbaijan’s non-life insurance market keeps growing
TOP 10 insurance companies of Azerbaijan in terms of fees
Azerbaijani insurance companies see decrease in premiums
Life insurance market keeps shrinking in Azerbaijan

Production of Azerbaijan

Store selling European industrial goods may open in Baku
50% of Iran non-oil exports were to neighboring countries in 2018
Gold production increasing in Azerbaijan
Deputy minister: Azerbaijan's non-oil exports increase by over 15%
Clothing production increases in Azerbaijan
Production of plastic pipes increases in Azerbaijan
Chemical production grows rapidly in Azerbaijan
Azerbaijani company eyes to introduce latest technologies in concrete production
Organic Food Festival underway in Baku for first time
Food production up by more than 20 percent in Azerbaijan
Azerbaijan sees growth in extractive industry
Industrial production up in Azerbaijan
Azerbaijani Norm Sement plant to launch manufacturing new products
Azerbaijani plant eyes to increase clinker production
Azerbaijani Herba Flora company chooses export destination
Azerbaijan’s AzGranata company to expand range of non-alcoholic wine
Azerbaijani “Ozsut” company to expand its branch network in Baku
Azerbaijani company eyes to increase products of beekeeping
Azerbaijani company Oz Dad eyes to export canned products
Chemical production grows rapidly in Azerbaijan

Trade turnover Azerbaijani Products

Trade turnover between Iran and Azerbaijan growing
Azerbaijani Badamli company to supply new products to local market
Azerbaijan’s Nakhchivan producer of dried fruits and wines chooses new export destination
Azerbaijan's Sirab mineral water enters US market
Trade turnover between Iran and Azerbaijan may exceed $600M
Azerbaijan's Crispa Snacks to expand list of export destinations
Azerbaijan, India to mull expanding exports, investments in Baku
Minister: Azerbaijan-Switzerland trade grows almost 9 times
Producer of herbal mixtures in Azerbaijan to expand export geography
Ranking of private exporters in non-oil sector of Azerbaijan



Inflation rate increases in Iran
Iran discloses amount of investments approved for projects in Razavi Khorasan province
Iran’s National Development Fund: No limit for supporting private sector projects
Iran to hold 3rd national hydrology forum in Tabriz
Iran looks to inject liquidity in power, water-related projects
Iranian banker: EU should either buy oil from Iran or create financial channel
Rouhani predicts economic growth for Iran
Iranian official reveals country’s economic figures for 5 years
Exports of only 7 types of Iranian goods worth over $1B
Investments worth $70 million be made in Iran's Special Economic Industrial and Mining Zone
Iranian official: Gov't has no intention to abolish current currency exchange rate
Iran discloses revenues not returned to country's economy
Iranian scientist: sanctions - best opportunity to expand work of knowledge-based companies
Minister discloses amount of foreign investments approved in Iran
Iran to increase imports at special economic zones

Banks & insurance

Loans worth over $14M issued to industrial enterprises in Iran’s Mazandaran province
Iran national digital currency is good for familiarization purpose - official
Central Bank of Iran's policies play important role in USD rate stability
Iranian Banks to privatize their properties and assets
Iranian banker: Amount of interbank transactions exceeds liquidity volume 10 times

Middle Asia



Investments in Kazakhstan exceed $24B
Economic growth of Kazakhstan amounts to over 4%
Investments in environmental protection up in Kazakhstan
Kazakhstan to expand export routes
Kazakhstan and other EAEU countries increase mutual trade turnover
Kazakh tenge continues to weaken against US dollar
Kazakhstan's GDP growth index exceeds 103%
New projects to develop Kazakhstan's "economy of simple things"

Finance & insurance

Kazakhstan`s Aktogay Mining and Processing Plant be expanded
SCO countries want to increase share of national currencies in mutual settlements
Corporate deposits drop in Kazakhstan
Islamic banks of Kazakhstan expand assets
Value of foreign currency purchases exceeds $740M in Kazakhstan
Pension Fund of Kazakhstan purchases Eurasian Development Bank's bonds



Turkmenistan sets up interdepartmental commission on foreign investments
Turkmenistan considers int’l practice of regulating customs payments
Turkmenistan focuses on development of constructive co-op with Caspian countries



Export of pepper in Uzbekistan exceeds export of electricity
Share of goods in structure of Uzbekistan’s export reaches 80%
Uzbekistan's imports in January-May 2019 increase by over 30%
WB allocates Uzbekistan loan of $ 500 M
Dollar in Uzbekistan rises for 8th weeks in row; euro falls
Uzbek Central Bank talks on reasons behind low inflation
ADB adopts new 5-year development strategy for Uzbekistan
Foreign direct investment in Uzbekistan halves

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



German Development Bank supports Georgia’s energy sector reforms
Georgia participates in EITI Global Conference 2019
Georgia increases monthly salary
FAO launching new project to support agriculture in Georgia
Exports from Georgia to EU countries increase
Local Georgian, foreign companies to talk investment, migration, real estate issues
Georgia's GDP up by nearly 5%
Georgia, Turkey sign memorandum of cooperation
Main export product of Georgia announced
IMF approves another money tranche for Georgia
Georgia hosts annual investment forum
EBRD finances Georgian poultry farm
Electricity imports increase in Georgia
Georgia launches new project