NEWS

The President of Turkmenistan took part in the opening of a complex of mudflow diversion facilities

Today, with the participation of President Serdar Berdimuhamedov, a solemn ceremony was held to put into operation a complex of mudflow diversion facilities in the southern part of the capital of Turkmenistan. The implementation of the urban development program is one of the most important directions of the state development strategy pursued by the head of state. This comprehensive program, as you know, is focused on the use of advanced world achievements and innovations in the construction industry and provides for the creation of optimally comfortable conditions for people's lives, their creative work and good rest. In accordance with it, social, cultural, administrative, industrial and other facilities are being built in all corners of the country, forming the modern infrastructure of cities and villages.

Import Substitution: Current Trends and Prospects

Today, Turkmenistan is one of the most dynamically developing states in Central Asia. Unique natural and climatic conditions and rich mineral resources have laid the groundwork for a diversified economy with the priority development of the agricultural sector and the strong industry oriented to import substitution. Our flexible and pragmatic import substitution policy ensures the successful development of all sectors of the economy. Successfully implementing the economic modernisation and diversification policy and introducing innovations in all spheres of the economy, our country is experiencing an unprecedented growth and prosperity. It is accelerating the development of its diversified industry that uses advanced technologies and know-how and seeks to increase the production of import-substituting and competitive products. The esteemed President Serdar Berdimuhamedov has set clear goals and objectives to the economic sectors: to facilitate modernisation to raise the country’s competitiveness in all areas. The President has set the priority tasks, including the structural transformation of the economy and the dynamic development of competitive, export-oriented and import-substituting enterprises. Since the national economy is developing through investments and innovations, it is therefore necessary to strengthen the competitive advantages of Turkmenistan on a global

Key spheres of economy

The International Exhibition “Construction, Industry and Energy of Turkmenistan-2022” and the Conference “Construction, Industry and Energy Development in Turkmenistan” that marked the Day of Construction and Industrial Workers were held at the Exhibition Centre of the Chamber of Commerce and Industry of Turkmenistan. The exhibition of the achievements of Turkmenistan’s construction sector has grown into a large-scale event attracting construction industry specialists from all over the world. This annual forum is growing in popularity with every passing year along with the interest of business circles, including not only the largest domestic manufacturers, but also major companies from Turkey, Germany, the Russian Federation, Austria, France, Switzerland, Iran, Kazakhstan and Uzbekistan, among others. Thousands of specialists had an opportunity to learn about Turkmenistan’s latest achievements in the sphere building materials and technologies.

Strategic planning is the most important tool for the development of the country

At the extended sitting of the Cabinet of Ministers of Turkmenistan held recently, the results of the activities of the sectors of the national economic complex over the past six months of the year were summed up, the implementation of the Presidential and other programmes of the socioeconomic development of the country was discussed, and priority tasks for the second half of the year were identified. During the discussion of the planned measures, the head of state paid special attention to the use of innovative strategic planning tools aimed at the balanced management and coordination of the activities of ministries, departments and economic entities of all forms of ownership and organisational and legal basis. In accordance with the national strategy, the most important and priority tasks include the phased development of plans, programmes and projects, taking into account an integrated and systematic approach to ensuring the sustainable development of all sectors of the economy and regions. This is confirmed by the positive dynamics of macroeconomic indicators, including the stability of GDP growth rates, which increased by 6 per cent, the volume of manufactured products grew by 11.5 per cent compared to the same period in 2021, retail trade turnover increased more than by 10.4 per cent compared to the same period of the last year, and foreign trade turnover g

Export-Oriented Economy: Current Trends and Prospects

The priorities of the economic strategy of any state are to enhance the export potential, to transform from an importer into an exporter of deeply processed products and to stably increase currency earnings. Turkmenistan is no exception. With the aim of fulfilling this task and ensuring state support in this sphere, the export promotion programme that is being implemented successfully has veen adopted. Macroeconomic theory states that foreign trade is the major component of GDP. It is the excess of exports over imports that ensures the inflow of foreign currency in the economy and is the main factor contributing to sustainable economic growth. High economic growth is based on such factors as industrialisation, a favourable investment climate for local and foreign investors, access to sea routes and active support for exporters. In accordance with the Socioeconomic Development Programme, Turkmenistan is taking consistent efforts to transform itself into an industrial and export-oriented developed state.

International transport and transport corridors: Interconnection and development

A Conference on the Diversification of Logistics in the Eurasian Space Organised in Turkmenistan The Turkmen capital hosted a two-day international conference entitled “International Transport and Transit Corridors: Interconnection and Development”, devoted to the diversification of transport and transit cooperation in the Eurasian space.

Towards sustainable transport

The relationships and development of international transport and transit corridors will be the topic of a conference to be held in Ashgabat on July 18-19. The event is being organised by the Transport and Communications Agency under the Cabinet of Ministers of Turkmenistan in partnership with the Turkmen Forum. Heads of national and international transport companies, senior management of logistics organisations and major international financial institutions have already announced their participation in the discussion of topical issues in the transport and logistics sector. In addition, representatives of such international organisations as the UN, OSCE and diplomatic missions accredited to Turkmenistan are expected to participate in meetings and panel discussions. Meetings of business partners will be held on the side-lines of the Conference. We asked representatives of large transport and logistics companies, members of the Turkmen Logistics Association, to comment on the forthcoming event and to share their expectations.

Transport diplomacy: potential and prospects

Turkmenistan, which takes an exceptionally favourable geographical position, is confidently strengthening its position as an important transport and transit hub and logistics centre of regional and continental importance, striving to realise its impressive potential for the common benefit. By expanding transport flows from Asia to Europe and back, the country is successfully integrating its national economy into the global economic space. Turkmenistan, located at the intersection of the main East–West and North–South trade routes, is a strategic crossroads between Asia and Europe. The Eurasian continent has historically been a natural space of close and multifaceted interaction, in which dozens of peoples and states have been involved. For centuries, economic and commercial ties have been actively developing among them, trade routes have arisen and mastered. This process has always carried a huge civilisational function, ensuring the interpenetration of cultures and traditions, helping better perceive and understand each other.

The power of national economy

On the 11th of February of this year named the «Era of the People with Arkadag» the «Revival of the new Era of the Powerful State: the National Program of developing the social-economic trends of Turkmenistan in the years of 2022-2052» adopted at the session of Halk Maslahaty of the National Gengesh of Turkmenistan which was held in the Maslahat Palace of our capital. Of course, increasing the energy power of our country is one of the main tasks, planned in the National Program. In his speeches our Esteemed President calling attention to developing fuel-energy complex, the formation of innovational productions on processing the hydro-carbon means, underlined the great importance of formation of multilateral system of widening the export opportunities by diversification and also of exporting energy means. In Turkmenistan, which is one of the main states of large energy resources, the fruitful works are realized on reliable transit of energy resources and securing sustainable development and safety on the initiatives and proposals of our Neutral state under the patronage of the UNO and our country has a great international authority. The adoption of Resolutions «On Reliable Transit of Energy Resources and its Significance on securing Sustainable Development and International Co-operation» in 2008 and 2013 shows vividly this truth. The recognition of our Neutral Motherland a

Turk­me­nis­tan in the world in­for­ma­tion space