NEWS

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

Expo 2020 sets new Guinness World Record

     Another world record that deserves inscribing on the Guinness World Records has been set at the World Exhibition in Dubai. According to russianemirates.com, Dubai Police in collaboration with Expo 2020 Dubai has created the largest chain of people wearing a badge.  265 people of 193 nationalities thanked Expo 2020 Dubai and passed the badge with the Expo 2020 symbols to each other in the three-minute video. The video, which was made during 48 hours, features 192 Country Pavilions. This action was recorded on the Guinness World Records as the largest online video chain of people wearing a badge

Integrated Development of the Velayats is the Basis for the Prosperity of the Homeland

A Working Trip of President Gurbanguly Berdimuhamedov President Gurbanguly ­Berdimuhamedov made a working trip to the Balkan velayat, where he visited the Uzynada oil and gas field and conducted a meeting on the further development of the oil and gas industry and on the development and realisation of the country’s rich resource potential.

Turkmenistan in the third decade of the 21st century:

Formula of Success With regard to the history of the country, each year is another milestone in the development of the society and state. The historical chronicle of independent neutral Turkmenistan will preserve the events of 2021, which became significant along the path to achieving sustainable socioeconomic development and strengthening the authority of Turkmenistan in the world community.

Ashgabat hosts 15th economic cooperation organization summit

«Türkmenistan Sport», № 4, 2021 On November 28, on the day of the foundation of the Economic Cooperation Organization (ECO), the 15th Summit of the ECO Member States chaired by President of Turkmenistan Gurbanguly Berdimuhamedov took place.