On January 8, a working meeting was held with the Representative of the European Bank for Reconstruction and Development (EBRD) in Turkmenistan at the Ministry of Finance and Economy. The meeting focused on issues of boosting cooperation between Turkmenistan and the EBRD, including in the field of lending facilities and investments, where positive experience has been gained. A special topic for discussion was prospects of the European Bank’s participation in large-scale infrastructure proj...

All laboratories and departments of the Institute of Chemistry, the Academy of Sciences of Turkmenistan have begun to operate on a self-supporting basis since the start of the new year. It is the first scientific research institution whose expenditures will not be financed from the State Budget, but wholly from own resources. It took the Institute several years to make the transition to a financially self-sufficient organizational scheme, and in accordance with the Presidential Resolution it...

On January 7, the Ministry of Finance and Economy hosted a video-conference meeting with representatives of the World Bank, also joined by officials of the Ministry of Health and Medical Industry. As part of the World Bank’s Financing Program, the meeting participants discussed issues concerning the implementation of long-term concessional lending projects facilitated by our country’s investment-favored climate that offers ample scope for promoting fruitful cooperation with foreign financial...

On the 6th of January 2021, a press-conference of the Special Representative of the UN Secretary-General, Head of the Regional Centre for Preventive Diplomacy for Central Asia Natalia Gherman was held in Ashgabat. The representatives of the local mass media and the journalists accredited in Turkmenistan participated to the event, including the foreign press that took part in the press-conference through videoconferencing. Among the participants, the representatives of the mass media of Azerba...

The Ministry of Finance and Economy of Turkmenistan hosted a videoconference meeting with Counselor to the Chief Executive Officer of the U.S. International Development Finance Corporation (USIDFC), Caleb McCarry. The meeting brought together the heads and leading specialists of the financial and economic department, as well as the State Bank for Foreign Economic Affairs, the Ministry of Foreign Affairs of Turkmenistan and the US Embassy in Turkmenistan. The meeting participants discussed...

Last week, 19 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan. In foreign currency, businessmen from the UAE, Switzerland and Afghanistan purchased hydrotreated diesel fuel and aviation kerosene produced at the Turkmenbashi Refinery Complex. Cotton yarn was also sold in foreign currency to traders from Turkey and Azerbaijan. The sum total of the deals exceeded US $33,693,000. In local currency, entrepreneurs from the UAE, Scotland, Pakistan...

As known, on the 12th of December 2020, the International Conference entitled “Policy of neutrality and its importance in provision of universal peace, security and sustainable development" dedicated to the 25th anniversary of permanent Neutrality of Turkmenistan took place in Ashgabat.  The President of Turkmenistan Gurbanguly Berdimuhamedov participated to the work of the Forum. The video statements of the United Nations Secretary General António Guterres, Secretary General of the Organizat...