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...

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...

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...

The Foreign Ministry of Turkmenistan hosted the meeting with the delegation of the European Union chaired by the EU Special Representative for Central Asia Peter Burian. During the conversation, the sides noted significant potential of Turkmenistan for the implementation of major infrastructural projects. The guests confirmed the interest in continuation of the cooperation in different directions. Importance of large-scale reforms and changes initiated by President Gurbanguly Berdimuhamedov a...

The 2025 Digital Economy Development Strategy, which is well underway in Turkmenistan, is a roadmap launched to drive technological transformation in all sectors, provide state management, and build a knowledge-based economy, making full use of the country’s enormous resource and industrial potential.  A transition to this qualitatively new stage for the Turkmen economy has become possible thanks to the effective policy of the head of state designed to boost the competitiveness of domestic in...

Under working visit to Ashgabat, the delegation of the Interstate Fund for Humanitarian Cooperation of the Commonwealth of Independent States held the meetings and negotiations in some ministries and departments of Turkmenistan.  Chairman of the IFHC Board, People’s Artist of Azerbaijan and Turkmenistan Polad Bulbul Ogly, Co-chairman of the IFHC Board, Special Representative on Cultural Cooperation of the President of the Russian Federation Mikhail Shvidkoy and Executive Director of the IFHC,...

The Khazar Chemical Plant has boosted the production of high-quality carbon black almost twofold. Last year alone, the enterprise exported some 2,000 tons of the product. Among the consumers were companies from the USA, Russia, Scotland, Uzbekistan, and others. K-354 carbon black, produced by the Plant on an industrial scale, is mainly used as a reinforcing filler in the production of rubber goods. Aside from that, it is used to slow down the aging process in plastics, to make plastics antist...