Entrepreneurship as a key market segment

12 June 2021
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The development of entrepreneurship is a priority direction of the economic policy of Turkmenistan, and due to the comprehensive support of the head of state, entrepreneurs play an important role in the implementation of socioeconomic reforms in the country. Currently, businessmen are successfully working in various spheres, including industry, agriculture, construction, trade, the production of textile, chemical and food products and consumer services, they are engaged in various other activities, showing their best business qualities. Turkmen business continues to steadily increase its capabilities. And this is facilitated not only by the expansion of capacities, but also by the improvement of their innovative component.

Due to the initiatives of the esteemed President, small and medium-sized businesses today have taken a decisive place in the country’s economy and have become the main source of saturating the market with necessary goods and services, increasing the incomes and welfare of the population and an important factor in solving problems of the employment of the population. It should be noted that all these measures are being taken in line with the consistently implemented State programme to support small and medium-sized businesses for the period until 2024, aimed at ensuring the high rates of economic growth and social progress in Turkmenistan by stirring up the private sector.

Batyr BERDIYEV,
the Head at the Department of Study of Commodity Circulation in External Markets, Ministry of Trade and Foreign Economic Relations of Turkmenistan. Photo: Hasan MAGADOV