Economy

08.04.2021

3762

Forum of producers and entrepreneurs: Investments, import substitution and digitization

Investment forum with participation of Turkmen producers and entrepreneurs as well as specialists of transport and communication complex of the country has started in the building of the Türkmendemirýollary Agency.

07.04.2021

3739

Market mechanisms in agriculture

Number of private producers developing agricultural production is growing in the north of the country like in other regions. More and more individuals and legal entities receive land plots for 99 years lease from special agricultural land funds.

07.04.2021

3793

Export of Turkmen products: point of growth

Experts of the World Trade Organization, relying on data on higher than expected rates of trade recovery in the second half of last year, are optimistic about the prospects in this segment. According to new estimates from the WTO, the volume of world merchandise trade is expected to increase by 8.0% in 2021 after having fallen 5.3% in 2020, continuing its rebound from the pandemic-induced collapse, and 4.0% in 2022.

05.04.2021

3218

Support of financial stability of Central Asian and Caucasus countries is a subject of video conference

Minister of Finances and Economy of Turkmenistan M. Serdarov took part in online collegial discussion of the heads of Central banks and ministries of finances of Central Asia and Caucasus countries under spring session of International Monetary Fund and the World Bank. Video conference was organized by the Middle East and Central Asia Department of the International Monetary Fund.

05.04.2021

9208

Turkmenbashy Refinery Complex exercises a tender on production of Jet A-1 fuel

Turkmenbashy Refinery Complex is planning to start the production of Jet A-1 fuel. This is European analogue pf TC-1 fuel made by the facility. Jet A-1 fuel is designated for gas turbine engines of European and North American aircrafts. It is included to international documents and operation manuals of Airbus and Boeing aircrafts.

05.04.2021

2051

Global economic processes: trends and forecasts

With the beginning of mass vaccination against COVID-19in the world, international organizations that regularly publish reviews of the global economy predict its growth. In January this year, the International Monetary Fund projected the global economy is to grow 5.5 percent in 2021. The 2021 forecast is revised up 0.3 percentage point relative to the previous forecast, reflecting expectations of a vaccine-powered strengthening of activity later in the year and additional policy support in a few large economies. For countries with developing economies, the forecast for 2021 has been improved to 6.3% (+ 0.3%).

03.04.2021

2745

Outcomes of exchange week: Businessmen from Switzerland and Turkey buy production of fuel and energy complex while textile is on high demand in UAE

7 transactions have been registered at the trades of the State Commodity and Raw Material Exchange of Turkmenistan last week.

31.03.2021

2556

Cotton sowing is started in the north of the country

Farmers of Dashoguz Region, where the sowing campaign starts a bit later than in other regions of the country, has started cotton sowing today.

31.03.2021

2054

French business is interested in joint projects in agricultural complex of Turkmenistan

Turkmen – French cooperation in agrarian sector of the economy has been brought to the agenda of the webinar organized by French Entrepreneurship Association MEDEF International and diplomatic missions of two countries.