40 transactions were registered past week at the State Commodity and Raw Materials Exchange of Turkmenistan.  Businessmen from the United Kingdom, Switzerland, Estonia, Hong Kong, the United Arab Emirates, Uzbekistan and Kyrgyzstan purchased, in foreign currency, road bitumen produced at the Turkmenbashi Complex of Oil Refineries; businessmen from the Russian Federation bought high-density polyethylene and polypropylene made at the Kiyanly Polymer Plant. Carbamide produced by Turkmenhimiya St...

By the outcomes of 2018, the growth rate of the GDP was 6.2 percent. Production export volumes to foreign countries exceeded 11,200,000,000 US dollars.  Amounts of salary wages, pensions and state allowances have been increased. 1,704 facilities to total amount of 10 billion US dollars have been built and put into operation.  The production growth rates are 5 percent higher by the outcomes of the last year comparing with 2017.  The volume of drawn investments from all sources of financi...

It was highlighted at the extended session of the Government on February 1 that successfully develops the relations of friendship and constructive cooperation both in bilateral and multilateral formats. This is indicated by the outcomes of foreign visits of President Gurbanguly Berdimuhamedov and visits of the heads of number of foreign states to Turkmenistan for the period under review as well as by efficient partnership with competent international organizations.  In general, 769 delegation...

Total volume growth of trade turnover for the period under review by the Ministry of Trade and Foreign Economic Relations was 10.1 percent.  The State Commodity and Raw Material Exchange held 249 trade session and made 26,374 contracts for this period. Total volume of income increased by 23.4 percent.  Service growth rate by the Trade and Industrial Chamber was 48.7 percent, profit growth rate – 54.2 percent and growth of total income was 107.3 percent. 24 exhibitions and 26 conferences we...

The ministries and departments of industrial and communication complexes fulfilled the plan of production and services by 108.7 percent with the growth rate of 117.7 percent by the outcomes of 2018. Vice-premier M. Chakiyev has informed the Head of the State about the outcomes of development of these branches in the last year at extended session of the Government on February 1.  Production growth rate of cotton yarn of the Ministry of Textile Industry was on 115.9 percent level, cotton fabric...

The President of Turkmenistan approved the Programme of social and economic development of the country in 2019 – 2025 at the extended session of the Government on February 1. It was mentioned in this regard, that the model of the development of national economy in next seven years proposed by the Government includes number of strategic directions.  First, structural reformation of industrial sectors and service sphere is planned. Paying special attention to support of high technology producti...

Fruitful cooperation under the development of banking sphere and private sector in Turkmenistan, which have received the development due to the initiatives of President Gurbanguly Berdimuhamedov, was noted at the meeting with the delegation of the European Bank for Reconstruction and Development chaired by the EBRD Managing Director for Central Asia Bruno Balvanera in the Foreign Ministry. Discussing the prospects of joint work of Turkmenistan and the European Bank for Construction and Develo...