Iran’s Esfordi Phosphate Complex increased phosphate concentrate production to about 35,000 tons in the first five months of the year, up from roughly 34,000 tons last year. Monthly output in August reached around 7,000 tons, exceeding both last year’s performance and planned production targets.
In the first eight months of 2025, Kazakhstan’s agricultural sector experienced steady growth, with an increase in gross agricultural output. This progress was supported by gains in both livestock and crop production.
OPEC+ crude oil production edged up by 50 kb/d to 43.2 million barrels per day (mb/d) in August, the International Energy Agency (IEA) reported, with the G-8 countries collectively adding just 140 kb/d—well below their official 548 kb/d quota increase.
Despite the variation, the consensus is that Turkmenistan’s economy will continue to expand at a stable pace, supported by energy exports and domestic investment programs.
Kazakhstan partners with Spain’s Roca Group to launch a major sanitary ware plant in Kyzylorda, aiming to boost regional industry, exports, and job creation.
The Ministry of Finance of Azerbaijan held its latest deposit auction today to allocate funds from the state budget’s treasury account to local banks, aiming to enhance resource management. A total of 450 million manat ($264.
Uzbekistan’s trade with Afghanistan has surged, driven largely by exports of food, energy, and industrial goods, reflecting the country’s growing role in regional commerce. Overall, Uzbekistan continues to expand its global trade footprint, maintaining economic ties with nearly 200 countries and recording strong growth across key partners such as China, Russia, and Kazakhstan.
Khorezm region is set for a major economic transformation as Uzbekistan unveils a new wave of strategic investments, infrastructure upgrades, and industrial development initiatives backed by international partners.
Azerbaijan produced 2,309 passenger cars from January through August 2025, down 12. 1 percent from the same period last year. Truck production also declined sharply, falling by 43. 6 percent to 220 units.
Work to improve the water supply in Azerbaijan’s Zangilan city has begun, Trend reports. Project documents for the city’s main water lines and drainage systems will be prepared, alongside technical research and training.
Global non-DoC (non-OPEC Declaration of Cooperation) liquids production is projected to grow by 0.6 million barrels per day (mb/d) in 2026, averaging 54.6 mb/d, according to OPEC’s latest outlook.
The Office of the President of Turkmenistan, Administrative Directorate, offered several automotive-related lots, including both specialized materials and armored vehicles.
Iran’s non-oil exports to Turkmenistan have grown significantly, reaching roughly $253 million and 663,000 tons in the first five months of the year, up from about $195 million and 562,000 tons last year.
Global oil demand is projected to increase by 1.38 million barrels per day (mb/d) in 2026, reaching 106.52 mb/d, according to OPEC’s latest outlook.
Russia’s oil exports fell by 70,000 barrels per day (b/d) to 7.3 million b/d in August, according to the International Energy Agency (IEA).
The State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) conducted bidding session No. 209, featuring a range of agricultural products.
From January through July 2025, Azerbaijan traded with 169 countries, exporting to 111 and importing from 162. Foreign trade turnover reached $28. 2 billion, with a surplus of $957. 7 million. Compared to the same period in 2024, trade rose by 7.
Iran’s imports from Turkmenistan fell by over 59% in value and 56% in weight from March to August 2024. Imports totaled 2,370 tons worth $3.59 million. Meanwhile, total non-oil trade between the two countries grew by 26.6%.
Iran transported approximately 6.6 million tons of cargo through the country by trucks in the first five months of the year, using nearly 300,000 vehicles, the country’s Road and Freight Transport Organization reported.
The tender is open to manufacturers and official distributors of manufacturers. Applications from companies registered or holding bank accounts in offshore zones will not be accepted.
Iran’s South Pars Gas Company delivered around 200 billion cubic meters of natural gas and produced 240 million barrels of condensate over the past year, supplying more than 75 percent of the country’s gas needs.
Iran's western Kurdistan province saw a notable rise in trade activity over five months of 2025, with exports up 10% in value and imports surging 70%, despite a nationwide decline in non-oil trade.
Iran is taking steps to boost truck transit through the country to 20 million tons this year, following last year’s transport of around 18 million tons of cargo, Deputy Minister Reza Akbari said. Over the past year, the country has upgraded around 17,000 kilometers of highways.
In August 2025, Azerbaijan’s consumer price index (CPI) rose to 104. 9 percent year-on-year. Prices for food, alcohol, and tobacco increased by 106. 6 percent, while non-food products rose 102. 1 percent and paid services 104.
Global oil inventories are set to increase sharply through 2025 and 2026, putting sustained downward pressure on crude prices, the U.S. Energy Information Administration (EIA) said in its latest outlook.
From March 21 through August 22, 2025, Qazvin Province exported 365,000 tons of goods worth $213 million, mainly to the UAE, Iraq, Afghanistan, T
On Tuesday, two transactions were finalized at Turkmenistan’s State Commodity and Raw Materials Exchange (SCRMET).
Kazakh Invest officials met with Seoyon E-Hwa Kazakhstan to discuss a $27 million project to localize auto parts production in Kostanay region, supporting the new Kia Kazakhstan plant. The project, set to launch in 2027, aims to produce various car interior and exterior components, creating jobs and boosting Kazakhstan’s automotive cluster.
Iran's 5% decline in aluminum ingot production over the first five months of the current Iranian year signals underutilization of the country's 700,000-ton annual capacity, reflecting potential supply chain, energy, or demand-side challenges in its aluminum sector.
Iran’s Arfa Iron and Steel Company increased its production by 16 percent during the first five months of the current Iranian year compared to the same period last year. Production reached 329,000 tons, while sales hit nearly 333,000 tons, including 45,000 tons exported.
Debt owed to Iran’s Central Bank surged 31.8% year-on-year by June 2025, driven by a sharp rise in public sector borrowing and reflecting expanding financial pressures on the economy.
Those wishing to participate in the tender must submit their proposals no later than 17:00 (GMT+4) on September 26, 2025.
Azerbaijan’s “Tamiz Shahar” OJSC has announced a tender for the construction of solid waste landfills in the Aghdam and Jabrayil districts. The participation fee is set at 1,500 manat ($882). Tender proposals must be submitted by 17:00 (GMT+4) on September 19, 2025, with the opening scheduled for the same day and time.
As of August 1, 2025, Azerbaijani banks’ business loan portfolio in the industrial sector stood at 2. 6 billion manat ($1. 49 billion). The portfolio decreased by 72. 6 million manat ($41. 3 million), or 2.
The Azerbaijan Energy Regulatory Agency has announced a tender for the procurement of network and infrastructure equipment. The participation fee is 30.8 manat ($18). Proposals must be submitted by 11:00 (GMT+4) on September 25, 2025, with the tender packages to be opened at the same time.
Iran’s capital market saw an overall decline in the fifth month of the Iranian year, with total market value dropping to about $193 billion from $217 billion the previous month. While the Tehran Stock Exchange and OTC trading fell, the Product Exchange rose to roughly $3.
As of August 1, 2025, Azerbaijani banks’ business loan portfolio in the construction sector totaled 1. 47 billion manat ($860 million). This marks a 4. 4 percent monthly decline but a 6. 7 percent increase year-on-year.
Azerbaijan Railways reported a significant rise in foreign passengers this summer, with nearly 11,000 tourists traveling by train. The boost highlights growing international interest in Azerbaijan’s rail tourism sector and its role in supporting the broader travel economy.
France’s natural gas consumption declined 5.4% year-on-year in July 2025, reaching 1.2 billion cubic meters (bcm), according to the latest outlook from the Gas Exporting Countries Forum (GECF). The drop was largely driven by lower demand in the industrial and residential sectors.
The data from Central Bank of Turkmenistan indicates that gold, silver, and platinum experienced upward movements, while palladium also showed moderate gains.
Iran exported 161,000 tons of non-oil goods worth $86 million through Semnan customs from March to August 2025. Export value rose 19%, while volume fell 3% year-on-year. Key exports included rubber products, ceramics, and sodium carbonate to 34 countries.
Iran exported 23.8 million tons of mining minerals worth $4.13 billion from March to July 2025. Export value fell 4%, but volume rose 14% from last year. Steel, aluminum, and copper made up most exports.
Interested contractors can obtain detailed tender documentation and additional information at the bank’s office on business days from 09:30 AM to 05:00 PM.
Germany’s natural gas consumption fell for the second month in a row in July 2025, reaching 3.4 billion cubic meters (bcm), down 4.8% year-on-year, according to the latest outlook from the Gas Exporting Countries Forum (GECF).
Europe’s liquefied natural gas (LNG) imports continued their strong upward trend in July 2025, rising 43% year-on-year to 9.08 million tons (Mt), according to the Gas Exporting Countries Forum (GECF).
In July 2025, US Henry Hub (HH) spot gas prices averaged $3.20 per million British thermal units (MMBtu), up 5% month-on-month and 55% year-on-year, according to the Gas Exporting Countries Forum (GECF).
Some commodity groups, however, recorded growth. Imports of prepared foodstuffs, beverages, spirits and tobacco rose. Overall, Georgia’s imports from Turkmenistan in the first seven months of 2025 show a mixed trend.
Iranian trucks transported around 236 million tons of cargo across the country in the first five months of the year, including 46 million tons of agricultural and food products and 73 million tons of construction and mining materials.
Uzbekistan’s microfinance sector is experiencing unprecedented growth, with total lending nearly doubling in just six months. Banks, led by TBC Bank, are driving the expansion, while microfinance organizations steadily increase their market share
Iran’s Khuzestan Province recorded strong trade activity in the first five months of the Iranian year, with exports reaching $2.4 billion and totaling over 8 million tons, primarily to Iraq.
Azerbaijan’s trade with China has surged to $3.4 billion in the first nine months of the year, up nearly $750 million or 28% from the same period last year, with imports accounting for the bulk of growth.
The portfolio includes 97 active projects, with sustainable infrastructure making up the largest share at 72 percent (241 million euros).
Trade between Azerbaijan and the United States totaled $1 billion from January to September 2025, marking a 3. 8% increase year-on-year. The U. S. ranked as Azerbaijan’s 6th-largest trade partner during this period.
Uzbekistan continues to attract significant foreign investment, with over 17,000 enterprises now operating across the country. China, Russia, and T
In the first nine months of 2025, Turkmenistan's Lebap gas production department exceeded its annual targets.
Trade between Azerbaijan and Kazakhstan nearly tripled in the first nine months of the year, reaching around $570 million, driven by a sharp rise in imports from Kazakhstan.
All lots are offered under prepayment terms, with delivery on FCA or EXW conditions from Ashgabat and Anew cities. The products originate from Germany, China, and Turkmenistan.
Azerbaijan generated 234,000 tons of bentonite from January through September 2025. This amount increased by 69,900 tons or 42.6 percent compared to the same period in 2024. As of October 1 this year, the country’s available bentonite reserves were 230,800 tons.
In total, more than 900 e-commerce service points are currently operational across the country, enhancing access to online payment systems.
Uzbekistan and South Korea are set to deepen their industrial cooperation through a new initiative aimed at introducing advanced Korean packaging technologies. The project, scheduled under official development assistance programs from 2027, will enhance export competitiveness, train local specialists, and establish competence centers, paving the way for sustainable industrial growth and closer bilateral partnership.
Azerbaijan's natural gas exports to Serbia increased significantly both in volume and value in January–August this year compared to the same period last year.
Global oil markets saw a significant boost in September as OPEC+ crude production surged to the highest level since April 2020, according to the International Energy Agency (IEA).
Global oil demand is projected to increase by around 1.3 million barrels per day (mb/d) in 2025, according to OPEC’s latest assessment.
In the first nine months of 2025, Azerbaijan’s consumers purchased 2. 78 billion manat ($1. 6 billion) worth of gasoline and diesel. Sales rose by 7. 8 percent compared to the same period in 2024. Fuel accounted for six percent of the country’s total retail trade turnover.
These measures are part of Kyrgyzstan’s broader strategy to transition toward cleaner energy, improve energy efficiency, and align with international climate goals.
From January to November 2025, 3. 5 billion manat ($2. 07 billion) worth of gasoline and diesel fuel were sold in Azerbaijan's retail market. According to data from the State Statistical Committee, this represents a 7.
In Azerbaijan, retail sales reached 58. 57 billion manat ($34. 56 billion) from January to November 2025, including 31. 9 billion manat ($18. 85 billion) in food and 26. 6 billion manat ($15. 7 billion) in non-food products.
The Ardabil-Miyaneh railway line in northwestern Iran is expected to open by March 2026, with a possible delay until April or May. The government has allocated 30 trillion rials ($45. 4 million) for its construction.
Ardabil Province aims to double its exports through enhanced cooperation with Azerbaijan, targeting significant growth in trade across sectors such as agriculture, industry, mining, and tourism.
Azerbaijan’s non-oil exports grew 7. 3% to $3. 3 billion in January–November 2025. Food exports rose 19. 4% to $1. 1 billion, with significant gains in sugar (+52. 4%) and fruits/vegetables (+28. 6%).
The EBRD is providing up to $50 million in new financing to Uzbekistan’s Ipak Yuli Bank to expand support for small businesses and boost the country’s green transition. The package includes dedicated funds for energy-efficiency improvements and broader lending to micro, small and medium-sized enterprises.
Azerbaijan-Italy trade hit the ground running, reaching a whopping $10. 6 billion from January to October 2025, marking a rise of $984 million, or 10. 3%. Exports shot up to $10. 1 billion, gaining a cool $1 billion or 11.
Shahriyari noted that the region’s main export items included profile pipes and pistachio products, mainly destined for Central Asian countries.
Uzbekistan’s trade with France is really hitting the ground running, soaring to $1.2 billion in the first ten months of 2025.
Fitch Ratings has turned the tide on the long-term issuer default rating (IDR) of JSC TBC Leasing (TBCL), a leasing company that’s part of the TBC Bank group, one of the heavyweights in the Georgian banking scene.