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Regional Finance: July 2019 (1)

20 September 2019
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Summary of main events

Azerbaijan

Macroeconomics

Azerbaijani Ministry of Taxes: Share of non-state sector in tax revenues increases
First plenary meeting held within 43rd session of UNESCO World Heritage Committee in Baku
Malaysia is keen on development of cooperation with Azerbaijan in all fields: Ambassador
Average monthly salary increases in Baku
Azerbaijani heat supply operator increases total capital
Tax revenues to Azerbaijan’s state budget from banks, insurance companies increase
Azerbaijan's Central Bank talks on inflation rate in 2019
Nominal average monthly wage rises in Azerbaijan
EIB financing to Azerbaijan could be complemented with technical assistance for projects preparation
EIB reveals amount of lending commitment to Azerbaijan since 2014
Robert Cekuta discusses Azerbaijan's role in world energy, transport projects
“Big Four” audit companies in Azerbaijan get over 55% of all contracts in 2018
Azerbaijani gov’t assumes financial burden of 1.9B manats to ensure increments - minister
ADB outlines key priorities of strategy on Azerbaijan
S&P forecasts GDP growth in Azerbaijan over next three years
Azerbaijan’s SEC doubles investment in real estate, equipment
Customs contributions to Azerbaijan’s state budget increase
Tax revenues in Azerbaijan’s non-oil sector grow as shadow market decreases
Inflation risks in Azerbaijan balanced
CBA: This year inflation to remain within declared framework
Number of hired workers growing in Azerbaijan
Analyst: maintenance of interest rate of US FRS will not put pressure on AZN rate
31 DOST centers to open in Azerbaijan until 2025
Azerbaijan’s Agency for Development of SMEs to co-op with Ernst & Young Holdings
PM: $2.8B invested in Azerbaijani economy - sign of positive dynamics development
New “Friend of Small and Medium-Sized Enterprises” office opens in Azerbaijan
Azerbaijan applies taxes to online business
State support for women’s entrepreneurship growing in Azerbaijani regions
Investments in Azerbaijan’s fixed capital down
Which goods fell in price in Azerbaijan in January-June 2019?
PASHA Capital retains leadership among Azerbaijani brokers
Supreme audit institutions of Azerbaijan, Belarus, Georgia, Ukraine sign MoU
France, Azerbaijan have high-level economic and cultural ties, says ambassador
Azerbaijan's Central Bank talks on inflation rate in 2019
Activities of DOST centers expanded in Azerbaijan

Banks

Total deposits value in Azerbaijan grows over 9%
Bank deposits increase in Azerbaijani regions
Bank loans up in Azerbaijan
Volume of problem loans decreases in Azerbaijan
Mortgage lending down in Azerbaijan
Cash in circulation in Azerbaijan up
AtaBank OJSC updates deposit terms
Azerenergy’s assets increase
Turnover on payment cards in Azerbaijan continues to grow
Azerbaijani bank increases net profit almost 43 times
Share of problem loans in Azerbaijan to decrease by 2020 - S&P
Major Azerbaijani bank increases net profit by almost 49%
“Bring Visa, Get VISA” well underway
Azerbaijani bank almost doubles cash consumer loans
Instant money transfers increase in Azerbaijan
Azerbaijani-Turkish bank increases mortgage lending by over 81%
E-wallet to be available in all Azerbaijani regions
Liabilities of Azerbaijan's NBC Bank increase
Azerbaijani bank sees reduction in problem loans by 13.5%
Azerbaijani financial regulator sets procedure for remote bank account opening
Euromoney magazine recognizes Int’l Bank of Azerbaijan as best bank of year
Net profit of Azerbaijani bank decreases by 43%
Azerbaijani bank increases lending to individuals by over 35%
Fitch affirms ratings of Azerbaijan’s AFB Bank at “B”
Azerbaijani bank increases assets by over 15%

Insurance

Insurance market improves in Azerbaijan
Azerbaijan recalculates CTP insurance tariffs
Net profit of Azerbaijani insurance company decreases
Azerbaijani insurance company increases assets
Not even 10% of 5,000 licensed insurance agents actively operate in Azerbaijan
Azerbaijani MP: agricultural insurance project in Azerbaijan to improve insurance market
Life insurance decreasing in Azerbaijan - expert
Azerbaijani insurance company makes large investments
Intellectual property insurance not in demand in Azerbaijan
Azerbaijani state agency getting ready to introduce mandatory medical insurance
Azerbaijan to hold attestation for insurers and actuaries
Azerbaijan’s property insurance market lacks expected growth

Production of Azerbaijan

Analogue of Fougasse bread may appear in Baku
Azerbaijani company eyes to increase production of wicker country furniture
Azerbaijani company “Atena” eyes to launch new production line
Azerbaijani company “Alsana” eyes to increase sausage production
Azerbaijani company “Sab” expands varieties of sausage products
Azerbaijani company “Sab” launches exclusive production line
Biggest Azerbaijani meat & dairy manufacturer to expand product varieties
Azerbaijani company to launch new dairy production line
Azerbaijan's manufacturer to provide sports lovers with milk products
Industrial production grows in Baku
Azerbaijani company increasing exports of dairy products
Azerbaijani wine producer increases share capital
Azerbaijani dairy producer to expand its product varieties
Clothing production increases in Azerbaijan
Total assets of major cement plant in Azerbaijan decrease
Azerbaijani company launches new line for sausage production
Azerbaijan's Ganja Instrumentation Factory to launch new production line
Production of Sheki halva to increase in Azerbaijan
Azerbaijani company completes developing plan to install metal structures at big facility
Azerbaijan’s Texno-Atinak talks on implementation of expensive project in Uzbekistan
Major Azerbaijani cement plant increases net profit 4 times
Net profit of major Azerbaijani holding decreases by over 5M manats
IMF: Growth in Azerbaijan’s non-oil sector expected to come at around 2.8%
Azerbaijan to increase control over food safety of meat, dairy products
Azerbaijani company “Sab” eyes to launch new types of dairy products
Azerbaijan may acquire Turkish industrial company
Azerbaijani manufacturer to expand varieties of dairy products
Azerbaijani company “Sab” to expand production line of sausage products
Azerbaijan's TITAN GROUP eyes to launch new production line
Azerbaijan’s TITAN GROUP talks on export of refrigeration equipment abroad
Russia’s Uralkhimmash expects to return to Azerbaijani market
Azerbaijan implements large project on development of women’s entrepreneurship
Azerbaijan’s Baku Textile Factory eyes to launch new production line
Azerbaijan’s Baku Textile Factory eyes to increase production volumes
Dried fruit producer in Azerbaijan's Nakhchivan increases output
Azerbaijan’s Baku Textile Factory eyes to launch new production line
Azerbaijani minister: Non-oil sector important area of ​​co-op with France
Azerbaijani company to expand sausage production
Industrial production grows in Azerbaijan
French company may build digital incubators for startups in Azerbaijan
Azerbaijani company METAK eyes to enter new markets

Trade turnover Azerbaijani Products

Turkey-Azerbaijan trade turnover increased in May
Azerbaijani producer of mineral water eyes to produce, export fruit juices
Azerbaijani company “Sab” decides on new export direction
Azeri Crispa Snacks to export products to China
Azerbaijan ranked fifth among CIS countries in exports
Azerbaijani company Goychay-Sud discloses export plans
Azerbaijan-Iran trade in first 5 months of 2019 grows 2.3 times
Deputy minister: Azerbaijan-China trade turnover reaches $1.1B in 5 months
Azerbaijan's Ganja Instrumentation Factory reveals production, export volumes
International Islamic Trade Finance Corporation to expand trade operations in Azerbaijan
Azerbaijani company SR Group eyes to establish export of textiles
Azerbaijani company Fostanpak prepares to export its products to third countries
Another Azerbaijani trade house to open in China
Azerbaijani juice producer plans to expand list of export destinations
Another Azerbaijani wine house opens in Russia
Azerbaijan-Russia trade growing - minister
Azerbaijan’s biggest producer of fruit juices eyes to increase exports
Large Azerbaijani producer of sandwich panels to start exporting to former USSR countries
Azerbaijani sweet cherry on sale in markets of Nigeria
Azerbaijani company to take part in greenhouse complex project in Turkey
Producer of mineral water in Azerbaijan's Nakhchivan to expand list of export destinations
France-Azerbaijan trade grows 53 percent - minister
Retail trade turnover in Azerbaijan continues to grow
French company SADE plans to buy polyethylene pipes from Azerbaijani company

Iran

Macroeconomics

Iranian president orders to start implementing free trade zone agreement with EAEU
Iran seeks tax payers' attention
Warning to Iranians who purchase goods from border markets
Major funds to be invested in 2 projects in Iranian province
Prices of which goods soar in Iran? - statistics
Foreign investments in Iran's Maku Free Trade Zone reach $120M
Iran to increase pensions
25 foreign investment contracts signed in Iran’s Payam Special Economic Zone
Iran's free zones to expand transit cooperation
Oman wants to invest in Iran's Chabahar development plans

Banks & insurance

Iran's Civil Servants Pension Fund to disclose financial transactions
Iran blocks 6 million bank accounts involved in money laundering
Iran to issue new regulation on crypto currency mining

Middle Asia

Kazakhstan

Macroeconomic

Investments in Kazakhstan's Shymkent city to exceed $2B
Income of National Fund of Kazakhstan triples
‘Made in Kazakhstan’ brand to enter foreign markets
EBRD's investments in renewables of Kazakhstan exceed $370M
Warehouses complex to be constructed in Kazakhstan
Pension payments of Kazakhs increase by over 13%
Food prices increase in Kazakhstan
Kazakhstan to implement projects worth over $2B
Kazakhstan's budget expenditures increase by over 26%
International reserves of Kazakhstan down by nearly 9%
Uzbekistan sees -0.5% deflation in June
Direct investments in economy of Kazakhstan to double
İmport products' prices up in Kazakhstan

Finance & insurance

Net external debt of Kazakhstan down by nearly $150M
Asian Development Bank to support largest power project in Central Asia
Ruble purchases down in Kazakhstan
Vneshekonobank of Turkmenistan makes new appointment
Euro sale up by over 20% in Kazakhstan
National Bank of Kazakhstan talks digital banking development

Turkmenistan

Macroeconomics

Turkmenistan holding auction for sale of state property
Turkmenistan publishes data on state budget execution
Turkmenistan's GDP grown significantly since early 2019
EBRD strengthens business partnership with Turkmenistan

Finance & insurance

Turkmenistan actively cooperates with international payment companies
EBRD reveals investments in Turkmen private sector
Vneshekonobank of Turkmenistan makes new appointment
Turkmenistan introduces MasterCard contactless plastic card

Uzbekistan

Macroeconomic

Uzbekistan intends to introduce Tax Free system
Uzbekistan's budget to receive $ 443 M with introduction of VAT for Uzavtosanoat
Uzbek commodity exchange quadrupled export sales
Uzbek State Statistics Committee names goods with highest price increase
Uzbekistan prepares new investment law
Uzbekistan to create two companies for development of Fergana Valley
Food still leads price rally in Uzbekistan
WB allocates Uzbekistan loan to reduce unemployment
Uzbek Namangan region to get $1.3 B for projects
Uzbekistan raises tax on alcohol, tobacco
Actual amount of FDI development in Uzbekistan increase by 2.4 times

Finance & insurance

Uzbekistan may issue Eurobond once again
Uzbek Ministry of Finance reveals external debt parameters
World Bank allocates$150 M loan to Uzbekistan
Euro rate again falls sharply to Uzbek sum
Uzbekistan to provide financial support to small business
EBRD to participate in reforming Uzbek banking, financial sector
WebMoney enters Uzbek market
Contactless payment system of Uzbekistan develops rapidly
Uzbekistan withdraws 50, 100-soum coins, banknotes from circulation
WB to help Uzbek Airlines become hybrid airline
WB allocates Uzbekistan loan to reduce unemployment
European Investment Bank to allocate loan of $100 M to Uzbekistan
Uzbek soum is most authoritative local currency in Central Asia
WebMoney talks Uzbekistan’s benefits from joint co-op

Georgia

Macroeconomic

Georgia discusses prospects for cooperation with World Bank
Statistics on inflation in Georgia revealed
Georgia tops Small Business Index
EU launches new project in Georgia
Sectors of Georgian economy with highest GDP growth revealed
EIB reveals volume of investments in Georgia
Revenues from international tourism in Georgia revealed
WB to support Georgia's human capital development efforts
Eastern Partnership countries create catalog of investment projects

Finance and insurence

Georgia postpones introduction of credit regulations of pawnshops
Georgian Bank becomes principal shareholder of platform for online ticket purchase
Georgian Communications Commission sums up 19-month work on twinning project
Georgia's credit guarantee system switches to tourism industry
Georgian fund deepens cooperation with Hungarian bank
National Bank of Georgia reveals reasons of lari depreciation
ADB sells dual-tranche domestic bonds in Georgia
EIB to finance public sector development projects in Georgia
Shipowners granted privileges in Georgia