The Asian Development Bank (ADB) has published a new Country Partnership Strategy (CPS) for Turkmenistan, outlining its commitment to support the country’s transformation into a sustainable, climate-resilient, and competitive economy from 2024 to 2028. The CPS is built upon three pillars: supporting the green transformation to a sustainable and climate-resilient economy; strengthening economic competitiveness through […]
The development of the trade sector is a factor in strengthening the national economy
TDH Commentary Turkmenistan’s trade policy is one of the key factors of the country’s economic development and its foreign policy relations. The growth of trade turnover in the domestic market is evidence of the successful implementation of the tasks set for the sphere of trade, as well as improving the welfare and social standard of […]
Fitch Upgrades Turkmenistan to ‘BB-‘; Outlook Stable
Fitch Ratings has upgraded Turkmenistan’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is Stable. Here is a summary of the commentary by Fitch ratings: Key Rating Drivers The upgrade reflects the following key rating drivers and their relative weights: HIGH Strengthened Sovereign Balance Sheet: There has been a further […]
The delegation of Turkmenistan visited the Republic of the Philippines
On 2 August 2024, as part of the visit of the delegation of Turkmenistan to the Republic of the Philippines, political consultations between the foreign ministries of Turkmenistan and the Republic of the Philippines took place in Manila. The Turkmen delegation was led by Deputy Minister of Foreign Affairs Ahmet Gurbanov, while the Philippine side […]
Prime Minister of Kyrgyzstan: With the development of e-commerce, the postman is again becoming a ‘hero of our time’
With the development of e-commerce, the process of reviving the postal service is taking place, and the postman is again becoming the hero of our time. This was stated by the Chairman of the Cabinet of Ministers of the Kyrgyz Republic – Head of the Administration of the President of the Kyrgyz Republic Akylbek Japarov […]
Enhancing e-commerce regulations in Turkmenistan
E-commerce lets small businesses in Turkmenistan tap into new international markets. With the right policies, they can achieve even more. Several national documents prioritize digital transformation, including the State Program for the Development of the Digital Economy in Turkmenistan for 2021–2025. To further that goal, the International Trade Centre (ITC) launched technical workshops on 23 […]
Caspian Sea is a region of great opportunities and true neighborliness
Allaberdy Niyazov, Senior Researcher at the Scientific Center for Strategic Studies at the Institute of International Relations of the Ministry of Foreign Affairs of Turkmenistan Almost six years ago, the heads of the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Turkmenistan and Russia) signed the Convention on the Legal Status of the Caspian Sea in […]
Belarus and Turkmenistan are preparing for the meeting of the intergovernmental commission
Turkmenistan and Belarus are gearing up for the next meeting of their Intergovernmental Commission on Economic Cooperation. During a meeting on 30 July, Mammetkhan Chakiyev, Co-chair of the Commission and Director General of Turkmenistan’s Agency for Transport and Communications, discussed bilateral trade and economic relations with Belarusian Ambassador Vyacheslav Beskosty. The sides expressed growing interest […]
Central Asia has the potential to become an important transregional transport, logistics, production and technological hub of the world economy – Institute for Strategic and Interregional Studies under the President of Uzbekistan
Akramjon Nematov, the First Deputy Director of the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISMI), expressed this opinion during the Forum of Analytical Centers of Central Asian Countries and the Republic of Korea in Tashkent. According to him, the states of Central Asia and the Republic of […]
First forum of analytical centers of Central Asia and the Republic of Korea takes in Tashkent
On 30 July, the International Institute for Central Asia (MICA) in Tashkent hosted the first expert Forum on the theme “Era of Change: Vision for Future Cooperation between Central Asia and the Republic of Korea.” The event was co-organized by the MICA and the Secretariat of the Korea-Central Asia Cooperation Forum. Around 100 representatives from […]
Turkmenistan – Tajikistan: Strategic partnership of fraternal peoples
Irina Imamkulieva Turkmenistan and Tajikistan, based on their strategic objectives and program documents, jointly maintain positive dynamics of interaction in all priority areas of cooperation. Based on the principles of equality, mutual support and trust, Turkmen-Tajik relations demonstrate an exemplary model of strategic partnership. The stages of a long journey Two fraternal peoples, Turkmen and […]
Single Window Boosts Turkmenistan’s Trade with Neighbors
Turkmenistan’s trade turnover with neighboring countries has surged following the implementation of a Single Window system for export-import operations, according to the State Customs Service. In the first half of 2024, trade with Iran grew by 35%, Afghanistan increased by 27%, and Uzbekistan posted a 19% growth compared to the same period in 2023. Marine […]
Outcomes of the visit of the Turkmen delegation to Pakistan – Turkmenistan outlines proposals for fostering relations with Pakistan
During the government meeting on Friday (26 July), Deputy Prime Minister and Foreign Minister R. Meredov reported on the results of his working visit to Pakistan. It was reported that the delegation of Turkmenistan was received by President of Pakistan Asif Ali Zardari. During the meeting, issues of developing interstate cooperation in the political, diplomatic, […]
Turkmenistan and Türkiye plan high and highest level visits this year
On July 26, 2024, the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Türkiye Mekan Ishangulyev met with the Deputy Minister of Foreign Affairs of the Republic of Turkey Ayşe Berris Ekinci. During the meeting, the parties discussed the current state and prospects for the development of bilateral political, trade, economic, cultural and humanitarian cooperation. Particular […]
Turkmenistan and Kyrgyzstan Discuss New Investment Fund, Transport Links, and Textile Collaboration
On 26 July 2024, the VI meeting of the intergovernmental Kyrgyz-Turkmen commission on trade, economic, scientific, technical and humanitarian cooperation between the Kyrgyz Republic and Turkmenistan in a narrow and expanded format was in Cholpon-Ata, Kyrgyz Republic. During the meeting in a narrow format, negotiations were held between Deputy Chairman of the Cabinet of Ministers […]
The President of Turkmenistan received the newly appointed Ambassador of Germany
On Wednesday, 24 July 2024, President Serdar Berdimuhamedov received the newly appointed Ambassador of Germany to Turkmenistan, Bernd Heinze. The diplomat presented credentials to the head of state and conveyed greetings from President Frank-Walter Steinmeier and Chancellor Olaf Scholz. President Serdar Berdimuhamedov conveyed his wishes to the German leadership and stressed that Germany is one […]
Registration for the Turkmenistan Investment Forum is now open
The registration for the Turkmenistan Investment Forum, which will take place on September 19-20, 2024, in Ashgabat, on the eve of the 33rd Anniversary of Turkmenistan’s Independence, is now open. https://tif-turkmenistan.com/en/registration The Forum is organized by the Ministry of Finance and Economy and the Ministry of Foreign Affairs of Turkmenistan. TIF 2024 is intended to […]
Visit of the Minister of Foreign Affairs of Turkmenistan to Pakistan
Deputy Prime Minister and Minister of Foreign Affairs of Turkmenistan Rashid Meredov is on a visit to Pakistan. On 23 July 2024, he held a number of meetings, including with the President of Pakistan and the Prime Minister. Bilateral political consultations were also held on the same day. As is obvious from the press materials, […]
Chairman of the Chamber of Commerce and Industry of Turkmenistan and the UAE Ambassador discussed the outcomes of the Turkmen-Emirati business forum – the UAE and Turkmenistan seek to expand economic relations
On 19 July 2024, Chairman of the Chamber of Commerce and Industry of Turkmenistan Mergen Gurdov met with the Ambassador of the United Arab Emirates to Turkmenistan Ahmed Al-Hameli. The meeting was dedicated to the outcomes of the Turkmenistan – United Arab Emirates business forum, held on 25 June this year in Ashgabat, the Chamber […]
H1 2024: the trade turnover between Turkmenistan and Uzbekistan exceeded $ 600 million
In the first half of 2024, the mutual trade turnover between Turkmenistan and Uzbekistan amounted to US $ 614.2 million. Compared to the same period last year, the growth rate amounted to almost US $ 170 million, according to the Statistics Agency under the President of Uzbekistan. As a result, Turkmenistan took the sixth place […]
International Investment Forum and Exhibition (TIF 2024) will be held in Ashgabat on September 19 – 20, 2024
International Investment Forum and Exhibition (TIF 2024) will be held in Ashgabat on September 19 – 20, 2024, on the eve of Turkmenistan’s 33rd anniversary of Independence. https://tif-turkmenistan.com/ The Forum is organized by the Ministry of Finance & Economy and the Ministry of Foreign Affairs of Turkmenistan. TIF 2024 is intended to become the leading […]
Visit of the Deputy Minister of Foreign Affairs of Turkmenistan to Romania
Deputy Minister of Foreign Affairs of Turkmenistan Akhmet Gurbanov visited Romania. On 18-19 July, he held a series of meetings in Bucharest. The main topics of discussion were political, interparliamentary cooperation, issues of interaction in transport projects and education. Political consultations between the Ministries of Foreign Affairs of Turkmenistan and Romania On July 18, 2024, […]
Alongside TAPI gas line route: Crucial regional rail project on the cards
Pakistan and Turkmenistan are likely to announce next week, the construction of a railway line along the route of the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline project to enhance regional connectivity and provide a reliable transportation link between the two countries, well-informed sources told Business Recorder. This announcement is part of the decisions to be taken at […]
Uzbekistan and Kyrgyzstan Pledge Deeper Ties: Political Dialogue and Industrial Growth Top Agenda of the Summit talks in Tashkent
On 18 July 2024, President Shavkat Mirziyoyev of Uzbekistan and President Sadyr Japarov of Kyrgyzstan held summit talks in Tashkent. The main political document of the visit was the Joint Statement on further deepening and expanding the relations of a comprehensive strategic partnership signed by the heads of state. A key outcome was the establishment […]
Deputy Foreign Minister of Turkmenistan visits the Slovak Republic – Slovakia Seeks to Revitalize Political and Economic Dialogue with Turkmenistan
On July 16-17, 2024, a delegation of Turkmenistan headed by Deputy Minister of Foreign Affairs of Turkmenistan Ahmed Gurbanov visited the Slovak Republic for political consultations and bilateral meetings. The main purpose of the visit was to strengthen bilateral relations and develop mutually beneficial cooperation between the two countries. During the visit, A.Gurbanov held meetings […]
ADB Raises Developing Asia and the Pacific’s Economic Growth Forecast for 2024
The Asian Development Bank (ADB) has slightly raised its economic growth forecast for developing Asia and the Pacific this year to 5.0% from a previous projection of 4.9%, as rising regional exports complement resilient domestic demand. The growth outlook for next year is maintained at 4.9%. Inflation is forecast to slow to 2.9% this year […]
The 18th meeting of the Joint Uzbek-Turkmen Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation held in Tashkent
On 16 July 2024, the 18th meeting of the Joint Uzbek-Turkmen Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation was held in Tashkent. The event was co-chaired by Deputy Prime Minister of Uzbekistan Jamshid Khodjaev and Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Atdaev. It was also attended by the heads […]
Uzbekistan-Turkmenistan Business Council Convenes and “Made in Turkmenistan” Exhibition opens in Tashkent
On 15 July 2024, Tashkent hosted the fourth meeting of the Turkmenistan-Uzbekistan Business Council, coinciding with the “Made in Turkmenistan” exhibition, according to UzDaily.uz. The council was chaired by Dilshod Rasulov, Deputy Chairman of Uzbekistan’s Chamber of Commerce and Industry, and Mergen Gurdov, Chairman of Turkmenistan’s Chamber of Commerce and Industry. The meeting brought together […]
Eurasian Development Bank, the Islamic Development Bank and the Emirati consulting company join forces to introduce Islamic finance in Central Asia
At the end of June, the Eurasian Development Bank (EDB) concluded two agreements on the development of Islamic finance in Central Asia. This includes: Memorandum of Understanding between the Islamic Development Bank (IsDB) Institute and the EDB on the Development of Islamic Finance in Central Asia Cooperation agreement between EDB and Dar Al Sharia on […]
Turkmenistan and Türkiye Discuss Deepening Economic Ties and European Market Opportunities
Turkmenistan’s Ambassador to Belgium Sapar Palvanov met with Mr. Haluk Nuray, the Permanent Representative of the Economic Development Foundation and the Union of Chambers and Commodity Exchange of Türkiye, Brussels Mission. The meeting was aimed at exploring avenues for strengthened economic cooperation between Turkmenistan and Türkiye, with a particular focus on unlocking opportunities in the […]
Xi paid a state visit to Tajikistan – Dushanbe and Beijing are moving towards further deepening comprehensive strategic relations
On 4-6 July 2024, President Xi Jinping of China paid a state visit to Tajikistan. As a result of the summit talks between Tajikistan and China, 29 new documents were signed on cooperation in various fields of trade and economy, including industry, energy, transport, digital economy, innovation and investment, as well as in cultural and […]
Government officials and private sector representatives In Turkmenistan gained a deeper insight into the WTO Trade Facilitation Agreement and the role of National Trade Facilitation Committees
A workshop on the WTO Trade Facilitation Agreement and National Trade Facilitation Committees was held in Ashgabat on July 2-4 for ministries, state agencies and non-commercial associations of Turkmenistan responsible for border regulation and international trade facilitation, as well as private sector representatives. The event was held under “Turkmenistan: Enhancing trade resilience and integration” project, […]
Ulyanovsk business mission to Ashgabat – Outcomes
During a recent business mission to Turkmenistan, companies from Ulyanovsk region (Russia) secured preliminary agreements with Turkmen businesses to supply a variety of products, including sinks, doors, building materials, garden and upholstered furniture, kitchen tables, nanopaints, and tools. Discussions also included the potential supply of roofing materials, heating equipment, and electrical equipment, according to the […]
E-Commerce Opportunities in Central Asia
The 2nd CAREC Digital Trade Forum was held in Astana on 17 April 2024. The theme of the forum was: Advancing Digital Solutions and Deepening Regional Cooperation for Trade. Ms. Saida Nur, the director for business development, Mastercard, gave a useful and informative presentation at the forum. We are presenting here a reformatted version of […]
The National Leader of the Turkmen people met with the heads of the Japanese company Kawasaki Heavy Industries Ltd.
On Thursday, June 27, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov met with Tatsuya Watanabe, Senior Adviser on strategic issues of the Japanese company Kawasaki Heavy Industries Ltd., and Kenji Sanada, Executive Officer. The meeting highlighted Japan’s role as a long-standing strategic partner for Turkmenistan in […]
Turkmenistan and Astrakhan Region Forge Closer Ties in Humanitarian and Economic Spheres
The Consul of Turkmenistan in Astrakhan, Ghadam Ilamanov, met with Vladimir Golovkov, Minister of External Relations of the Astrakhan Region (Russia), to discuss expanding cooperation in humanitarian and economic spheres. The meeting focused on preparations for the upcoming visit of Khojamyrat Ashyrmyradov, governor of the Balkan province, to the Astrakhan region. Discussions also touched upon […]
Ready4Trade and Central Asia Invest Projects Conclude, Paving the Way for Increased Trade and Investment in Central Asia
On June 26, 2024, Almaty hosted the final meeting for the EU-funded Ready4Trade (ITC) and OECD-led Central Asia Invest projects, marking the culmination of years-long efforts to streamline trade procedures, boost investment, and solidify economic cooperation within Central Asia. The event brought together deputy heads from government agencies across Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. […]
Turkmenistan Ready to Boost Trade and Transit with Afghanistan
On 25 June, the Consul General of Turkmenistan in Herat Batyr Yolov met with Governor Noor Ahmad Islamjar. During the meeting, Nur Ahmad Islamjar noted that the Afghan side is interested in intensifying cargo transportation along the Afghanistan-Turkmenistan-Kazakhstan-China route, and establishing exports of Afghan fruits and vegetables and dry fruits to Turkmenistan. In turn Yolov […]
President of Turkmenistan has been invited to pay an official visit to Pakistan
On Tuesday, 25 June 2024, President of Turkmenistan Serdar Berdimuhamedov received Federal Minister for Industries and Production of Pakistan Rana Tanveer Hussain. The Minister conveyed greetings from President Asif Ali Zardari and Prime Minister Mian Muhammad Shahbaz Sharif to the Head of state, confirming Pakistan’s commitment to friendly relations with Turkmenistan. In turn, President Serdar […]
Turkmen-UAE Business Forum held in Ashgabat
On 25 June 2024, the Turkmenistan-United Arab Emirates Business Forum was held in Ashgabat at the Chamber of Commerce and Industry, which brought together representatives of government and business circles of the two countries. The event was attended by companies specializing in the fields of energy, digital technologies, trade, agriculture, food industry, construction and tourism, […]
President of Turkmenistan and UAE Minister of Economy discussed cooperation in Fuel and renewable energy sectors, transport
On Tuesday, 25 June 2024, President Serdar Berdimuhamedov received the Minister of Economy of the United Arab Emirates Abdulla bin Touq Al-Marri, who led his country’s delegation to participate in the Turkmenistan-UAE business forum. The Minister conveyed greetings to the head of Turkmenistan from the President of the United Arab Emirates, Sheikh Mohammed bin Zayed […]
National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan met with the UAE Minister of Economy
The national leader of Turkmen people Gurbanguly Berdimuhamedov met with the United Arab Emirates’ Minister of Economy Abdullah bin Touq Al-Marri to discuss expanding economic partnership between two nations. Minister Al-Marri conveyed greetings from UAE President Sheikh Mohammed bin Zayed Al Nahyan, highlighting the UAE’s desire for stronger ties with neutral Turkmenistan. Berdimuhamedov returned the […]
Turkmenistan, UAE Discuss Deepening Economic Ties
On June 25, 2024, Turkmenistan’s Foreign Minister Rashid Meredov held a meeting with Abdulla bin Touq Al-Marri, the United Arab Emirates’ Minister of Economy. The discussions focused on strengthening existing relations between the two nations. Specific proposals were put forward to increase trade turnover, diversify economic partnerships, and achieve mutually beneficial outcomes. The parties reaffirmed […]
Sharing Economy and Central Asia – Part Two
nCa Report CORDIS (Community Research and Development Information Service) is the European Commission’s primary public repository and portal to disseminate information on all European Union funded research projects and their results in the broadest sense. Cordis-EC Here is the take of CORDIS on sharing economy: Understanding the role of governance in the sharing economy A […]
Sharing Economy and Central Asia – Part One
nCa Report Until recently, Sharing Economy was a rather fluffy concept. Even now, it is not fully structuralized but the experts recognize it as a fast growing sector of the global economy. According to Nitya Shukla, writing for Business Guides, Sharing Economy (also called Collaborative Economy or Peer Economy) refers to economic activities which include […]
Integration in world economy could boost Central Asia’s trade
Countries in Central Asia can foster closer regional ties and increase trade amongst one another if they are all members of the World Trade Organization (WTO). This emerged at the second Central Asia Trade Policy Forum, held from 3-5 June 2024 in Almaty, Kazakhstan. It brought together senior representatives of the five Central Asian countries […]
Turkmenistan and Poland eye establishing a Working group on economic cooperation
On 17 June 2024, political consultations between the Ministries of Foreign Affairs of Turkmenistan and Poland was held in Warsaw. The Turkmen side was headed by Deputy Minister of Foreign Affairs of Turkmenistan Akhmet Gurbanov, the Polish side – by Deputy Minister of Foreign Affairs of the Republic of Poland Marek Pravda, the Ministry of […]
Turkmenistan’s new steps to protect intellectual property: expanding cooperation with the Eurasian Patent Office
During the Cabinet of ministers’ meeting on Friday (14 June) DPM, foreign minister Rashid Meredov presented plans for the development of cooperation between Turkmenistan and the Eurasian Patent Office (EAPO). Modernizing the national economy through technology and innovation is a top priority for Turkmenistan. Collaboration with specialized international and regional organizations, like the EAPO, is […]
Agricultural Forum of Turkmenistan held on the sidelines of Green Tech Amsterdam 2024 in the Netherlands
A dedicated session at the prestigious Green Tech Amsterdam 2024 exhibition explored exciting economic opportunities for Dutch companies in Turkmenistan’s agricultural sector. The event brought together key stakeholders, including representatives from Dutch and Turkmen business circles, the Turkmen Ministry of Agriculture, the Embassy of Turkmenistan, and leading European research and financial institutions. The following speakers […]
Uzbekistan, Korea Forge $9.6 Billion worth package of investment deals, Launch a new model of high-tech and innovative cooperation
Following a summit in Tashkent on June 14, 2024, President Yoon Suk Yeol of Korea and President Shavkat Mirziyoyev of Uzbekistan signed a series of agreements ushering in a “New Era of High-Tech and Innovative Cooperation” between the two nations. These agreements span vital sectors including critical minerals, rail transportation, agriculture, finance, and pharmaceuticals. “A […]