Enlarged Meeting of the Cabinet of Ministers of Turkmenistan

President of Turkmenistan Gurbanguly Berdimuhamedov chaired an enlarged meeting of the Cabinet of Ministers of Turkmenistan to consider the results achieved by the ministries and sectoral departments of the country within the first quarter of the current year as well as a number of the key state policy issues.

The issues put on the agenda included the drafts of important documents, in particular of the social character, and some cadres issues. Vice Premiers, heads of a number of ministries and departments, veleyat khyakims presented their reports during the meeting.

It was noted that in January-February 2012 the GDP growth made up 112.6 percent in the industrial sector, 113.4 percent - in the construction sphere, 105.6 percent – in the sphere of transport and communications, 106.8 percent – in the trading sector, 106.5 percent – in the sphere of services, and 101.9 percent – in the agricultural sector.

The volumes the foreign trade turnover significantly increased as compared to the same period of 2011. Within the first three months of 2012 the growth of the retail trade turnover made up 112.7 percent as compared to the previous year, and the indicator on providing the paid services made up 112.8 percent.

Within January-March, 2012, the growth of the natural gas production made up 119.1 percent, oil production – 113.6 percent, power production – 105.7 percent, gasoline – 107 percent, diesel fuel – 102.7 percent, kerosene – 115.5 percent, liquefied gas – 115.9 percent, polypropylene – 116.4 percent, cement – 104.3 percent, fittings and other metal constructions – 126.1 percent, cotton wool – 111.3 percent, pharmaceuticals – 109.3 percent, fish and fish products – 128.4 percent, bread and baked goods – 105.3 percent.

Summing up the reporting period, the State budget revenues significantly exceeded the expenditures, in particular the revenues made up 113.5 percent, the expenditures – 93.8 percent. The revenues of the local budget were executed up to 113.5 percent, the revenues – up to 94.9 percent. 70.5 percent of the budgetary funds were allocated for implementation of the social policy of the state.

The President of Turkmenistan signed the documents regarding holding the second meeting on preparations for the International Conference on Afghanistan at the level of the ministries of foreign affairs on April 18, and the International Conference on the Prospects for Development of Transport and Trough Traffic in the Caspian Sea and Central Asia on May 16.

The Resolution “On opening the departments on professional development, postgraduate education and development of physicians at the higher educational institutions”, and the Resolution “On construction of new building of the Dashoguz sanatorium in the Gurbansoltan Eje Etrap in Dashoguz Velayat” were signed during the meeting.

The Turkmen leader underlined the reasonability to postpone the traditional International Football Tournament for the Turkmenistan President’s Cup scheduled for February to September, and starting from 2013 to hold the International Hockey Tournament for the Turkmenistan President’s Cup each February in honor of the National Flag Day, and signed the relevant documents.

A number of personnel decisions were adopted during the meeting.

The documents related to construction of new modern settlements in the regions of the country and the Bagt Koshgi Wedding Palaces in a number of velayat centers were considered.

The Resolutions “On construction of a cattle breeding complex in S.A. Niyazov Etrap, in Dashoguz Velayat”, “On purchase of the technical support equipment for the Gyzylgaya-Bereket-Etrek railway” as well as the documents aimed at promoting entrepreneurship were signed during the enlarged meeting of the Cabinet of Ministers of Turkmenistan.

It should be noted that during the meeting the President of Turkmenistan signed a solid package of documents aimed at further social and economic progress of the country, and creation of optimal conditions for the worthy life and constructive labor of the Turkmen citizens.

In his keynote speech addressed to the meeting participants, President Gurbanguly Berdimuhamedov characterized the results achieved within the first three months of the year and defined the priority tasks set to the country for the near future.

President Gurbanguly Berdimuhamedov noted that the country achieved encouraging results during the first quarter of 2012. As compared to the same period of the previous year, the GDP growth rate increased by 10.4 percent, the investment growth rate made up 163.4 percent, the foreign trade turnover growth rate – 156.4 percent, and the salary growth rate – 111.7 percent. The national currency exchange rate is fixed. The rate of inflation keeps within the specified parameters.

As in previous years, a rapid pace of development is maintained in all sectors, including construction, trade, transport and communications, and the sphere of services.

The neutral status of Turkmenistan, the internal stability, inexhaustible natural resources, and the relevant legal basis attracted the leading international companies to our country ensuring the systematic inflow of foreign investments into the national economy. The President of Turkmenistan underlined that it was proved by construction of more than 1,500 facilities amounted to over 32 billion US dollars.

The Turkmen leader continued that according to the adopted programmes the fundamental modernization of the sphere of science, education and sports was carried out in the country in compliance with the today’s requirements, and the market economy had been progressively formed in Turkmenistan. The construction of the North-South railway, development of oil and gas deposits, and laying of gas pipelines are successfully continued. Along with it a number of other important projects are implemented in the country using the most advanced achievements of science and technology.

Paying particular attention to the innovatory approach to development of the industrial sector, and, first of all, its production sphere, the Turkmen state provides comprehensive support to the private entrepreneurship that possesses the huge diverse potential.

The President of Turkmenistan defined the maintenance of the current stable paces of development as a priority task set to the country and underlined that it was necessary to work selflessly and effectively in the name of prosperity of the Fatherland.

The other important state policy issues were considered, and a number of the relevant documents and decisions were adopted during the government meeting. In conclusion of the meeting the Turkmen leader reminded that the nationwide spring planting campaign would be held on April 14, and expressed belief that this large-scale action supported by the citizens of Turkmenistan with great enthusiasm would be held at the high organizational level.