You have no active subscriptions or news packages

Regional Finance: July 2019 (2)

21 September 2019
120 AZN 70 USD 60 EUR

Summary of main events



Azerbaijan plans to open new small productions for women entrepreneurs in regions
Azerbaijan's GDP increases
Afghanistan invests $1.5M in Azerbaijani economy - deputy minister
Unemployment rate rising in Azerbaijan
Azerbaijan, Iran discuss joint satellite project - minister
Income of Azerbaijani population increases
Azerbaijan changes rules for return of tax surplus
Demand exceeds supply for Azerbaijani Central Bank’s notes 5 times
WB implementing self-employment program in Azerbaijan
Azerbaijani Ministry of Finance to put bonds up for sale
Demand for bonds of Azerbaijani Finance Ministry exceeds supply greatly
Problem loans to decrease, economic growth rate to go up in Azerbaijan
Non-cash card payments up by 58% in Azerbaijan
Azerbaijan’s strategic currency reserves grow to $49B
Head of Central Bank of Azerbaijan reveals inflation expectations
Azerbaijan’s IBA not planning to attract external financing
Azerbaijani first VP meets with French minister of economy and finance
Number of legal entities increases in Azerbaijan
Cash of Azerbaijan’s NBCO Premier Kredit decreases
Azerbaijan’s NBCO Premier Kredit decreases lending to individuals
Azerbaijani population spends most money on several products
ADB may allocate $295M to Azerbaijan


Azerbaijani bank almost doubles net profit
Major Azerbaijani bank increases assets by over 13%
Volume of problem loans increases in major Azerbaijani bank
Net profit of Azerbaijani bank decreases
Azerbaijani bank increases capital
Bankruptcy institution needed in Azerbaijan
Net profit of Azerbaijan’s Bank of Baku grows
Total assets of VTB Bank Azerbaijan increase
Value of total assets of Azerbaijan’s Bank of Baku decreases
Volume in circulation of 200 AZN bills in Azerbaijan up by almost 2.5 times
Azerbaijan’s Gunay Bank increases assets
Azerbaijan’s Muganbank increases assets by almost 21%
Int’l Bank of Azerbaijan increases assets by over 11%
Int’l Bank of Azerbaijan increases net profit by almost 31%
Volume of problem loans of Azerbaijan’s Bank of Baku decreases
Assets of Azerbaijan’s Atabank decrease
VTB Bank Azerbaijan issues loans worth over 200M manats
Total assets of Azerbaijan’s AFB Bank decrease by 19%
Net profit of Azerbaijan’s AFB Bank decreases over 3 times
Azerbaijan’s Gunay Bank issues loans worth over 150M manats
Volume of problem loans increases in Azerbaijan’s AGBank
Assets of Azerbaijan's AGBank decrease
Azerbaijan’s NakhchivanBank increases assets by over 12%
Azerbaijan’s BTB Bank increases assets
Net profit of BTB Bank decreases
Assets of Azerbaijan’s Nikoil Bank decrease
Central Bank of Azerbaijan lowers discount rate
Azerbaijan’s Premium Bank significantly increases assets
Azerbaijan’s Expressbank increases lending to individuals
Assets of Azerbaijan’s ASB Bank decrease
Azerbaijan’s AGBank finishes 2Q2019 with loss
Net profit of Azerbaijan’s Premium Bank decreases
Net profit of Yapi Kredi Bank Azerbaijan increases 2.5 times
Azerbaijani-Turkish bank more than doubles net profit
Assets of Azerbaijani-Turkish bank increase
BSTDB, PASHA Bank co-op on first bond issuance of int’l financial institution in Azerbaijan


Azerbaijani company sees growth in premiums on compulsory real estate insurance
Insurance market improves in Azerbaijan
Azerbaijan continues preparation for introduction of mandatory health insurance
Azerbaijan’s non-life insurance market keeps growing
Over 18,000 "Green Card" insurance contracts concluded in Azerbaijan

Production of Azerbaijan

Azerbaijan’s Sumgayit Technology Park to expand geography of exports of aluminum profiles
Azerbaijan sees growth in production of building materials
Gold production increasing in Azerbaijan
Azerbaijani meat & dairy manufacturer eyes to expand product varieties
Production of yarn grows in Azerbaijan
Azerbaijan's TITAN GROUP launches new production line
Azerbaijani company “Atena” eyes to launch new production line
Feed production plant commissioned in Azerbaijan’s Zagatala District
Azerbaijani chocolate products may appear in US
Azerbaijani confectionery factory eyes to increase production volumes
Azerbaijani bread producer company eyes to open new store in Baku
Azerbaijan’s AzerGold increases gold & silver production
Food production up by 20 percent in Azerbaijan
Production of plastic pipes increased in Azerbaijan
Azerbaijan's TITAN GROUP to expand production of new type of sandwich panels
Azerbaijani company talks on expected rice production volumes
Azerbaijani alcohol producer eyes to increase output volumes
Azerbaijan’s TITAN GROUP to develop new models of baking equipment
Azerbaijan's TITAN GROUP introduces new type of refrigeration equipment
Azerbaijani company expanding bakery equipment production
Azerbaijan Industry Bank's net profit declines more than 16 times
Azerbaijan’s Lankaran Canning Factory to increase production of compotes
What can development of traditional industries give to Azerbaijan?
Azerbaijan’s TITAN GROUP to develop new fire-resistant sandwich panels
Azerbaijani alcohol producer eyes to launch isobaric bottling line
Azerbaijani manufacturer of hazelnut products expecting new harvest
Azerbaijani Sahliyali company to expand range of products

Trade turnover Azerbaijani Products

Azerbaijan's foreign trade turnover for January-May 2019 exceeds $14B
Azerbaijani textile manufacturer to expand product range for export to Europe
Azerbaijani company eyes to expand geography of apple chips exports
Azerbaijan-Afghanistan trade grows 15 percent - deputy minister
Turkey, Azerbaijan increase trade by over $600M in June
Azerbaijan’s Zagatala Hazelnut Processing Plant increases production, exports
Azerbaijani winery decides on new export direction
Azerbaijani wines may appear in Chinese market
Azerbaijani alcohol producer receives good offer from Barcelona
Azerbaijan increases exports
Minister: Trade ties - important area of ​​Azerbaijan-France co-op
Poultry factory in Azerbaijan establishes export of eggs to Arab countries
Exports of fruits and vegetables in Azerbaijan up by 15%
Exports of goods via “single window” in Azerbaijan exceed $70M
Ranking of exporters in non-oil sector of Azerbaijan
Azerbaijan’s Sabirabad Canning company eyes to increase juice exports to Baltic countries



Expert: INSTEX only weakens Iran's decision making
Iran to assign up to $7.1B of credit to small, medium-sized enterprises
Iranian businessmen to establish joint venture for Mosul projects
Iran’s budget deficit may amount to over $30B
Iran to gain regional share in future of digital economy
Privatization process stalled: Shares of Iran Khodro, SAIPA held on bail
Major enterprises of Iran’s Isfahan Province in need of circulating capital
Vice Governor of Iran’s CBI: Main goal is to reduce oil dependence
What does Iran private sector want from government?
Iranian minister clarifies issue related to 1B euro loss from state budget
Inflation rate reaches 40% in Iran
Iran's economy affected by multiple foreign currency rates
VAT law in Iran needs to be changed to boost production
Enterprises established in Iran’s West Azerbaijan province through foreign investments

Banks & insurance

Iranian banker: $12B provided for import of essential products
Iranian bank ready to support knowledge-based companies
Iran to issue employment loans worth $476M
Iran reacts to news of China's crypto currency mining
Loans of Iranian banks to industrial and mining sectors increase
Iran hints at replacing FATF deal with cryptocurrency trade
Prices of 23 foreign currencies decrease in Iran
Iran's market experiences relative stability - CBI governor
What are the main challenges facing Iranian banks?
Iran step closer to opening its doors for crypto mining
Iranian banker: sanctions create serious problems for local banks
Most important challenges to Iran's banking system named
Complex prediction for foreign currency rate in Iran
Iranian foreign currency rate might become single
CBI governor: About $30B worth of currency sold in Iran’s NIMA system in a year
Iran, Australia eye to expand banking, trade co-op
Removing 4 zeros from Iranian currency is not a priority
Removing four zeros from Iran currency won't affect economy
Iran’s currency revaluation to simplify financial calculations

Middle Asia



Investments to GDP ratio to increase to 30% in Kazakhstan
Investments in Kazakhstan's region development exceed $160M
Kazakhstan increases import with EAEU partners
Projects worth over $260M to be realized in Kazakhstan's region
Retail, wholesale trade up in Kazakhstan
Foreign investments in Kazakhstan increase by over 17%
Tax payments of Kazakh cars manufacturers exceed $6M
Projects worth over $260M to be realized in Kazakhstan's region
Kazakhstan's export to other EAEU countries down
Kazakhstan eyes new 'green' projects
Budget revenue plan exceeded in Kazakhstan
Income increase of Kazakh Samruk-Kazyna reaches nearly 80%
Investments in Kazakhstan's economy up
Reserve money of Kazakhstan down
Investments in Kazakhstan's economy up
Which fields in Turkey are of interest to Kazakh investors?

Finance & insurance

Loans volume increase exceeds 14% in Kazakhstan
Major Russian bank's subsidiary to expand activity in Kazakhstan
Halyk Bank of Kazakhstan to purchase storage area network via tender
Manufacturing of lightning industry increases in Kazakhstan
National Bank of Kazakhstan talks digital developments' support measures
Kazakhstan sees decrease of deposits in national currency
Total pension savings in Kazakhstan increase
EBRD talks spheres of interest in Kazakhstan
Eurasian Development Bank funds construction of solar park in Kazakhstan
EDB's investments in Kazakhstan exceed 40% of bank's portfolio
Eurasian Development Bank talks economy growth in Kazakhstan



Turkmenistan prepares major "smart city" project
Turkmenistan introduces enterprise property insurance



Uzbekistan takes measures to reduce food prices
Uzbekistan masters $1.8 B of foreign investment in first half of 2019
Volume of investments in fixed assets in Uzbekistan more than doubled
Volume of investments in Kashkadarya region of Uzbekistan increases
Volume of investments per capita in Uzbekistan amounts to $11.6 B
Uzbekistan's GDP exceeds $2.5 B
Uzbekistan raises rate of excise taxes on tobacco, alcohol
Uzbekistan begins process of accession to WTO

Finance & insurance

WebMoney talks Uzbekistan’s benefits from joint co-op
S&P places Uzbek bank on CreditWatch Positive list
Nearly 19 million bank cards in circulation in Uzbekistan
Uzbekistan to increase microcredit, microleasing
Uzbekistan to attract loan from China Development Bank
IFC talks on goals of operation in Uzbekistan
WB to allocate $656M to Uzbekistan
EBRD talks supporting Uzbekistan in transformation of financial sector
EBRD talks on priority areas of operating in Uzbekistan
Fitch assigns rating to Uzbekistan's Ipoteka-Bank



Georgia’s external trade decreases
Prices on certain goods, services in Georgia increase
Living wage decreases In Georgia
Georgia's public debt increases
External Merchandise Trade of Georgia decreases
Georgia to accelerate development of pension stock market
Hotel price index in Georgia increases
Georgia plans to reduce share of domestic borrowing
Georgia greatly boosts funding of local infrastructure projects
Georgia's state budget revenues exceed forecasts
Share of Georgia's transportation sector in GDP increases
New grant program for start-ups launches in Georgia
World Bank forecasts economic growth in Georgia
Georgia publicizes statistics on its wholesale markets
WB to continue rendering technical assistance to Georgian gov't

Finance and insurence

10-year treasury notes sold at auction of National Bank of Georgia
Lending in national currency to reduce risks in Georgia
Profit of Georgian banks decreases
Georgia's TBC bank and ResponsAbility investments sign loan agreement
5-year treasury notes sold at auction of National Bank of Georgia
Georgia postpones domestic production of bicycles
National bank of Georgia makes decision in field of monetary policy
Total assets of commercial banks in Georgia grоw by 8.5%
Operating expenses up 2.8% in Georgia
Total liabilities of Georgian banks increase
Commercial banks in Georgia increase giving out loans
Georgia’s banking sector involved in new loan guarantee scheme
Azerbaijan’s NIKOIL Bank issues loans worth more than 250M manat
EBRD to continue cooperation with Georgian TBC Bank
Price of shares of Georgian bank at its lowest level
Georgian TBC Bank Group's assets up by over 25%
Over 70% of loans in Georgia account for Tbilisi
Devaluation of Georgian lari caused by external shocks - National Bank
EU to help Georgian Bank to improve financial monitoring mechanism