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Russia Economy Automobile industry Investment Economic cooperation Tatarstan

Turkmenistan and Tatarstan Discuss Trade and Debt Issues

On August 27, at a meeting of the Turkmenistan-Tatarstan joint working group on trade-economic, scientific-technical, and cultural cooperation in Kazan (Republic of Tatarstan, Russian Federation), it was announced that Turkmenistan and Tatarstan's 's trade turnover has increased by 13.4%, amounting to $52.3 million, largely due to the import of products to Turkmenistan. However, the Turkmen Minister of Finance and Economy, Serdar Joraev, stated that this is still two times lower than 2019's numbers. Deputy Prime Minister and Minister of Industry and Trade of Tatarstan, Oleg Korobchenko confirmed the overall decline in trade turnover, with both parties calling for a joint solution. During the meeting, the participants discussed Turkmenistan's debt, which arose due to problems with inter-bank settlements. Whilst both parties stated that this issue is under control and being resolved with the participation of the Central Banks of Turkmenistan and Russia, the total amount of debt remains unreported. Tatarstan companies in the fields of mechanical engineering and oil refining supply equipment and goods in Turkmenistan. In 2020, 852 Kamaz trucks, the second high-speed A145E marine motor ship, and more than $8 million worth of medicines and medical supplies were delivered to Turkmenistan from Tatarstan.

business and economy International investment Automobile industry

Kazakhstan and Central Asia Present Investment Opportunities to Swedish Parliament

The first business seminar on the investment climate and business opportunities in Kazakhstan and Central Asia was held last week in Stockholm, Sweden. As reported by Kazakhstan’s Foreign Ministry, the event was attended by Chairman of the Sweden–Central Asia Friendship Group of the Riksdag (Swedish Parliament) Bjorn Soder, Ambassador of Uzbekistan to Sweden Nodir Ganiev, Ambassador of Sweden to Kazakhstan Ewa Polano, Ambassador of Sweden to Uzbekistan Tomas Danestad, Chairman of the Swedish Chamber of Commerce for Eurasia Heinz Sjogren, and representatives of Swedish ministries and large companies. Speaking at the event, Bjorn Soder noted the strategic importance of enhancing cooperation between Sweden’s and Central Asia’s public and private sectors. Attention was drawn to Central Asia’s huge potential for strengthening trade and economic relations with Sweden, and the limitless prospects for expanding investment partnership. Ewa Polano and Tomas Danestad shared their views on the dynamic development of Central Asia, emphasizing that Kazakhstan and Uzbekistan are the “core-countries” of the region. Referencing growing competition in the region, the two ambassadors called on the Swedish business community to invest in Central Asia, as well as expand its presence in the region. Representative of Scania AB, Fredrik Wijkander, outlined the Swedish company’s presence in Kazakhstan where it has been operating since 2007. In 2023, the assembly of Scania trucks was launched in Saran, in the Karaganda region, and in 2024, Scania AB set up Scania Central Asia as an independent business unit in the region with its head office in Almaty. Fredrik Wijkander said that despite the high competition from Chinese automakers, the Swedish company will continue to strengthen its presence in Central Asia and expand production. To this effect, he confirmed plans for the assembly of trucks and buses, and establish local production in Kazakhstan.

Automobile industry Kazakhstan

Car Seat Factory under Construction in Almaty

LLC Vehicles Almaty, LLC Motor Company Astana Motors, and LLC Youngsan Kazakhstan have collaborated in the build of a factory to manufacture car seats in Almaty. According to a report issued by the Kazakh Ministry of Industry and Construction, the factory will have the capacity to supply Kazakhstan's automobile plants with some 100,000 seats per annum and in so doing, make a significant contribution to the development of the country’s automotive industry. Excavation of the land and the erection of steels have now been completed and work has begun on the installation of wall panels. Deliveries of technological equipment for assembly and electronics testing were received on 20 March and construction is scheduled to finish this autumn/winter.

Automobile industry

Kyrgyzstan to Start Producing Chevrolet, Isuzu Cars This Year

A joint Kyrgyz-Uzbek factory for the production of Chevrolet and Isuzu cars is currently under construction in Kyrgyzstan. Several years ago the Kyrgyz and Uzbek governments agreed to build the plant, near Bishkek. Since then the authorities of both countries have been solving legal and investment issues related to the project. They also discussed taxation of the new enterprise and a grace period to allow the plant to get up and running. As a result, at the beginning of 2023 Kyrgyz deputies approved the agreement and the builders started to erect production lines for the car assembly plant. The parties wanted to launch the plant last year, but the deadlines for completion of work were repeatedly pushed back. Production of Chevrolet and Isuzu cars began in Uzbekistan in 2007 at a joint venture Daewoo plant. As representatives of the Uzbek company noted earlier, Kyrgyzstan is one of the priority markets for the expansion of production, as the China-Kyrgyzstan-Uzbekistan road corridor reduces the time it takes to deliver components, making car assembly cheaper. According to the Kyrgyz government, the plant should begin operations in the second quarter of this year, and the first car should roll off the assembly line in late May. At the initial stage, Uzbekistan's UzAuto Motors should invest $50 million and produce 10,000 cars in the first year -- with the enterprise creating more than 1,000 permanent jobs. The first model produced at the plant will be the Chevrolet Nexia R3. According to agreements between Bishkek and Tashkent, the first stage will include Uzbekistan bringing components in the form of large assemblies ready for installation into Kyrgyzstan. During the second stage, targeted to start in four years, the plant will produce automobile components independently -- and produce about 20,000 cars a year. In the sixth year of operation, according to the plan, the Kyrgyz plant will perform a variety of technological operations, including body welding and painting, and should produce about 30,000 cars per year.

Automobile industry

Uzbekistan Plans to Manufacture One Million Cars a Year by 2030

Uzbekistan Plans to Manufacture One Million Cars a Year by 2030 The number of cars manufactured in Uzbekistan has grown threefold in recent years, with total annual production expected to reach 415,000 by the end of this year. This was said at a government meeting chaired by President Shavkat Mirziyoyev on December 14th. In order to end the state monopoly and develop competition in the Uzbek automotive industry, three new private automakers and prestigious foreign brands have been attracted to Uzbekistan. Today, eight plants in the country manufacture dozens of types of cars, freight and passenger transport, and agricultural machinery. In addition, more than 2,000 enterprises in the industry closely cooperate with each other, and a 50% localization of component production is ensured. It was said at the meeting that by 2030, Uzbekistan plans to increase the annual production of passenger cars to a million. Today, the world's leading automakers are switching to the production of electric vehicles. If domestic enterprises are slow to develop in this direction, in the future they will face difficulties in occupying a worthy place in the market. Uzbekistan has already started the first projects in this direction. It is planned that next year a car plant capable of producing 10,000 electric vehicles a year will be launched in the country. The President pointed out the importance of special attention being paid to the production of electric vehicles, and ordered the production of components for them.

Kazakhstan Automobile industry

Kazakhstan: Roadmap for automotive industry development to double production by 2024

NUR-SULTAN (TCA) — The Ministry of Industry and Infrastructure Development of Kazakhstan together with the Union of Mechanical Engineers of Kazakhstan prepared a Roadmap for the Development of Automotive Industry for 2019-2024, the Vice Minister of Industry and Infrastructure Development Amaniyaz Yerzhanov said at a press conference on August 1. Continue reading