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Regional Finance: August 2019 (1)

21 September 2019
120 AZN 70 USD 60 EUR

Summary of main events



Average monthly salary up in Baku
Number of DOST centers to increase in Azerbaijan
Azerbaijani minister discloses amount of funds allocated to increase salaries, pensions
Chairman of CBA: Inflationary expectations low in Azerbaijan
Azerbaijani finance minister: State budget expenditures executed for over 100%
Share of private sector in Azerbaijan's non-oil economy very high: minister
BSTDB becomes first international financial institution to issue manat bonds
Number of trainings for female entrepreneurs to increase in Azerbaijani districts
Economy minister: Azerbaijan, Kazakhstan seek to further develop economic relations
Azerbaijani, Korean supreme audit institutions discuss co-op
Azerbaijan, Iran eye to further develop economic co-op
German Investment Corp. eyes to expand portfolio in Azerbaijan’s economy
BSTDB president talks about possibility of further issuing manat bonds
Azerbaijani minister: Social reforms in 1Q2019 improve living conditions of people
Azerbaijani Ministry of Taxes warns businesses of serious sanctions for non-provision of checks
Azerbaijan's State Customs Committee increases contributions to state budget
How did consumer prices in Azerbaijan change in July?


Ranking of Azerbaijani banks’ profit in January-June
Losses of Azerbaijani bank increases almost 8 times
Azerbaijan’s AccessBank reduces assets
Azerbaijan’s Bank Respublika increases net profit by almost 19 times
Azerbaijan’s Bank Respublika increases assets
Chairmen of expert groups of Azerbaijani Association of Banks elected
Volume of problem loans continues to decline in Azerbaijan
Total loan portfolio volume up in Azerbaijan
TOP-15 Azerbaijani banks on mortgage loans
Top 10 Azerbaijani banks in terms of capital volume
Azerbaijan’s Muganbank increases authorized capital to 100M AZN
Total volume of deposits increases in Azerbaijan
Azerbaijani economic regions leading in terms of growth of bank deposits
Volume of mortgage loans down in Azerbaijan
Azerbaijan’s FIMSA joins Basel Consultative Group
TOP-10 banks of Azerbaijan in terms of cash reserves
Pankin: BSTDB, Azerbaijan start talks on draft co-op strategy
TOP 10 Azerbaijani banks in terms of total liabilities
Payment card turnover in Azerbaijan continues to grow
Bank deposits increase in Azerbaijani regions
TOP-20 banks of Azerbaijan in terms of non-interest expenses
Azerbaijan banks ranking by ROE coefficient
IV International Banking Forum to be held in Baku
Banking Corporate Governance Standards approved in Azerbaijan
TOP-20 banks of Azerbaijan in terms of interest income
TOP-20 banks of Azerbaijan in terms of interest expenses
TOP-20 banks in Azerbaijan by amount of non-interest income
TOP-20 banks in Azerbaijan by volume of non-interest expenses
EBRD discloses volume of loans for implementation of green projects in Azerbaijan
Total volume of deposits increases in Azerbaijan


Azerbaijan’s Mega Insurance company to increase authorized capital
WHO: Basic medical care package in Azerbaijan must include emergency medical services
WHO: Mandatory health insurance package in Azerbaijan must include provision of medicines
Over 18,000 "Green Card" insurance contracts concluded in Azerbaijan
Azerbaijan continues preparation for introduction of mandatory health insurance

Production of Azerbaijan

Azerbaijan’s Nakhchivan biscuit factory to expand range of confectionery products
Azerbaijani hazelnut producer increases production
Azerbaijan’s Nakhchivan biscuit factory to launch new production line
Azerbaijani company “Sab” to produce new types of dairy products
Azerbaijani poultry factory eyes to export products to more countries
Azerbaijani industrial parks increasing production and export
Azerbaijani industrial parks manufacture products worth over 1.5B AZN

Trade turnover Azerbaijani Products

Trade turnover between Azerbaijan and Kazakhstan exceeds $135M
Import substitution ensures competitiveness of Azerbaijani economy
Azerbaijani government eyes to increase export of non-oil products, import substitution
Exports of fruits and vegetables in Azerbaijan up by 15%



Iranian companies' ties with Europe suffer due to sanctions
Removing 4 zeros from Iranian currency to positively affect capital market
Iran seeks tax payers attention
Investments in Iran’s West Azerbaijan up by 209%
Iran plans more mine privatization and production increase
Interest in investment in Iran's Hormozgan Province increases
Iran seeks tax payers attention
Iran's chamber of commerce calls for special tax centers for startups
Enterprises established in Iran’s West Azerbaijan province through foreign investments

Banks & insurance

Removing four zeros to positively effect Iran stock market
Iranian banker talks effects of removing 4 zeros from national currency
CBI Governor: Iranian importers to pay customs duties after release of goods
Export Development Bank of Iran supports non-oil exports
Iran’s currency revaluation to simplify financial calculations
Complex prediction for foreign currency rate in Iran

Middle Asia



US directs unprecedented investments value to Kazakhstan
Kazakhstan looks to expand its export markets
Kazakhstan bans public procurement of imported goods
National chamber of entrepreneurs of Kazakhstan to support more entrepreneurs
Kazakh export of equipment to increase by 30%
Food prices increase in Kazakhstan
Export of Turkish goods to OIC member-states up
Measures of entrepreneurship dev't discussed in Kazakhstan
Kazakhstan to attract investments in gold exploration
Kazakh region to attract nearly $80M of investments
Tax administration digitalization to ensure revenues of nearly $5B to Kazakh budget
EAEU countries agree on joint activities for investment co-op development
Kazakhstan preparing project on import substitution

Finance & insurance

Subsidiary of Russian bank provides funds to set up modern business center in Kazakhstan
Kazakhstan sees decrease of money transfers
Multilateral development banks funding of Kazakhstan nearly reaches $260M
Fitch names main rating weakness of banks in Kazakhstan
Kazakh company discovers several new copper deposits



Azerbaijani businessmen buy goods at Turkmenistan State Commodity & Raw Materials Exchange
Turkmen businessmen prepare to sign new contracts
Measures on counteraction to illegal trade in ozone-depleting substances discussed in Ashgabat
Second Caspian Economic Forum to be held in Astrakhan
Turkmenistan's GDP keeps growing
EBRD supports diversification of Turkmenistan's economy
Turkmenistan consideres WTO accession
ADB appoints new Country Director for Turkmenistan



Volume of fair trade on Uzbek commodity exchange increases threefold
Prices for non-food products in Uzbekistan increases
Uzbek State Statistics Committee publishes changes in food prices for July
Prices in consumer market of Uzbekistan increases by 5.2%
Uzbek Tax Committee publishes list of major taxpayers
Uzbekistan intends to double insurance market share in GDP
Uzbek Tax Committee publishes list of major taxpayers
Uzbekistan intends to use Turkish experience in tax administration
Russian companies develop over 60 projects for $100M in Uzbek region
JPMorgan Chase Bank to allocate loan to Uzbekistan for investment project

Finance & insurance

EDB plans to implement up to 5 projects in Uzbekistan
IFC talks on goals of operation in Uzbekistan
EDB plans to implement up to 5 projects in Uzbekistan
Double Taxation Protocol signed by Uzbekistan, Luxembourg enters into force
Uzbekistan becomes leader in attracting financing from int'l development banks
Kazakh bank syndicates loan to Uzbek bank
Uzbek Central Bank explains sharp rise in US dollar exchange rate



Number of tourists from EU in Georgia increases by 15%
Georgia to invest in water supply development
Total value of Georgian companies increases by nearly 50M pounds
National Bank of Georgia may use monetary interventions to curb high inflation
Georgian company Galt & Tagart forecasts rate of lari
EU official: Georgia has real potential for producing quality products
Georgia's economic growth reaches nearly 5% in 1H2019
WB to continue rendering technical assistance to Georgian gov't
Georgia's domestic debt increases

Finance and insurence

EBRD allocates $140 million to Georgian banks within EU4Business program
Georgian TBC Bank signs framework agreement with Citybank
EBRD discloses volume of loans for implementation of green projects in Azerbaijan
National Bank of Georgia and EU to implement new project
National Bank sells $32.8M amid Georgian lari devaluation
Georgia's current account deficit can improve considerably
Georgian TBC Bank offers its clients simplified mortgage terms
Profits of Georgian banks increases by 27.1 million lari
Total assets of banking sector in Georgia increases by over 20%
Georgian government sells Marine Tech service
Georgia's commercial banks buy securities worth 40M lari
EBRD focuses on supporting the private sector in Georgia
Bank of Georgia, IFC sign loan agreement
Net profit of six banks in Georgia amounts to 345M lari
New retail banking service appears in Georgia