The inaugural B5+1 Forum kicked off on 14 March 2024 in Almaty, bringing together representatives from the public and private sectors of the United States and Central Asia. Over 200 experts and investors from Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, and the U.S. are participating in the forum. The goal is to foster stronger collaboration and […]
A Spanish delegation visits Ashgabat
A Spanish delegation arrived in Ashgabat, which included representatives of 11 Spanish companies such as Ibertest, Nobargi, Typsa, Cesce, Tubacex, Almar Water, Teltronic and others. • Ibertest is a manufacturer of equipment for physical and mechanical testing of materials. • TYPSA – supports public, private and institutional clients by developing projects in the fields of […]
Linkages between creation of National Branding and Concept of Sustainable Development
Kerim Kertiyev, PhD in Economics, National Institute of Finance, Turkmenistan, Chary Nurmuhammedov, Head of Office, UN Resident Coordinator’s Office Nowadays, transition to sustainable development is among important trends fundamentally changing the foundations of the world order. In the modern economy, nations’ welfare is largely formed by the ability of each country to diversify its economy, […]
Trade turnover between Turkmenistan and India increased to US $ 192 million
The volume of bilateral trade between India and Turkmenistan has steadily increased from US $ 60.64 million in 2020-2021 to US $ 192 million in 2022-2023. This was stated by the Ambassador of India to Turkmenistan, Ms. Madhumita Hazarika Bhagat, in an interview with the Turkmenistan newspaper. Among the main goods imported from India are […]
Turkmenistan and Romania outline plans to expand trade and economic ties
On 5 March 2024, Ambassador Annamammet Annaev of Turkmenistan met with Aurelian Gogulescu, President of the Prahova Chamber of Commerce and Industry (CCI) in Romania, Embassy of Turkmenistan to Romania reports. Ambassador Annaev expressed his appreciation for the opportunity to meet and emphasized the strong existing bilateral cooperation between Turkmenistan and Romania across various sectors. […]
Turkmen Commodity and Raw Materials Exchange hosted successful trading session on the sidelines of Afghanistan expo in Ashgabat
On 5 March 2024, on the sidelines of the exhibition of Afghan goods, the mobile stock exchange of the State Commodity Exchange of Turkmenistan was held in Ashgabat. 71 transactions were finalized during the session, generating significant economic activity. The total value of the concluded transactions surpassed US $ 107 million and Turkmen Manat 33 […]
Arkadag Berdimuhamedov visited an exhibition of Afghan goods – met with Afghanistan minister for commerce and industry – Ahmet Calik attended the meeting
On 4 March 2024, the National Leader of the Turkmen people, Chairman of the Khalk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov visited the exhibition of Afghan goods that started in Ashgabat and held a business meeting dedicated to the issues of integrated development of interstate cooperation, TDH reports. Berdimuhamedov began his visit by exploring the stand […]
Turkmenistan hosts single-country exhibition of Afghanistan, joint Turkmen-Afghan business forum – several side events held
nCa Report The 3-day exhibition of the goods and services of Afghanistan started on 4 March 2024 in Ashgabat. The joint Turkmen-Afghan business forum and several side events were also held. This is a landmark mega-event for the business community of Afghanistan. The acting minister for commerce and industry of Afghanistan, Noor Uddin Azizi, is […]
Turkmenistan will build grain elevator at border with Afghanistan, other plans include construction of cargo handling facility, and railway line to Herat
The senior officials from Turkmenistan had a meeting with the Afghan delegation visiting Turkmenistan for the exhibition and the joint Turkmen-Business forum. The meeting took place on 4 March 2024. The sides exchanged notes on the progress on the joint projects and initiatives. The Turkmen side informed that there were plans for a project for […]
Single country exhibition of Afghanistan and joint Turkmen-Afghan business forum starts in Ashgabat
A single-country exhibition of the goods and services of Afghanistan and the joint Turkmen-Afghan business forum started on 4 March 2024 in Ashgabat. There is high level participation from both sides in the event. The Afghan delegation is led by the minister for commerce and industry Noor Uddin Azizi. The Afghan delegation consists of about […]
Arkadag Berdimuhamedov met with the heads of the Turkish holdings Rönesans and Çalyk
As part of a working visit to Türkiye, the National leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held separate meetings with Chairman of the Board of the company “Rönesans Holding” Erman Ilicak and Chairman of the Board of Governors of the group of companies “Çalyk Holding” Ahmet Calik. […]
Ashgabat to host an exhibition of Afghan goods and a Turkmen-Afghan business forum
An exhibition of Afghan goods and a Turkmen-Afghan business forum will be held in Ashgabat on 3-5 March 2024. The President of Turkmenistan signed a corresponding Decree, ordered the Ministry of Foreign Affairs, the Chamber of Commerce and Industry and the Union of Industrialists and Entrepreneurs to hold the above-mentioned events at a high organizational […]
Transport, Electricity and TAPI under the spotlight of Turkmenistan-Afghanistan talks in Ashgabat – Afghanistan’s Foreign Ministry issued press release on Meredov and Muttaqi meeting
Acting Foreign Minister of Afghanistan Amir Khan Muttaqi leading a delegation met with the Deputy Prime Minister, Minister of Foreign Affairs, Rashid Meredov in Ashgabat on Monday, 26 February 2024. The meeting focused on bilateral relations between Afghanistan and Turkmenistan, upgrading Afghanistan’s diplomatic presence in Ashgabat, and practically starting TAPI project in Afghanistan, according to […]
Turkmenistan’s foreign ministry hosted a meeting with an Afghan delegation led by Muttaqi
On February 26, 2024, in Ashgabat, a meeting was held between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and a delegation that arrived in Turkmenistan led by the acting Minister of Foreign Affairs of Afghanistan Amir Khan Muttaqi, consisting of representatives of various government agencies of Afghanistan, including the Ministry of Mining and […]
Keynote Speech by the National Leader of the Turkmen people, Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov at a meeting of the Presidium of the Halk Maslakhaty of Turkmenistan
(Ashgabat, February 22, 2024) Dear participants of the meeting of the Presidium of the Halk Maslakhaty of Turkmenistan! Dear compatriots! Turkmens are a people who have formed an exemplary path of development and have shown the world outstanding personalities. This year in our country will be marked by celebrations on the occasion of the […]
Meeting of the Presidium of the Halk Maslahaty: Turkmenistan outlines steps for the comprehensive implementation of the Program of socio-economic development and investments in 2024
On 22 February 2024, National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov chaired a meeting of the Presidium of the Halk Maslahaty. The meeting’s agenda was focused on the tasks of implementing the “Program of socio-economic development of Turkmenistan and investments in 2024”. The “Program of socio-economic development […]
Ambassador of Russia Ivan Volynkin hosted a briefing for the Russian media accredited in Turkmenistan
On 16 February 2024, Russian Ambassador to Turkmenistan Ivan Volynkin held a briefing for Russian media journalists accredited in Turkmenistan. Here are the answers of Ambassador Volynkin during the briefing, published on the official website of the Russian Embassy in Turkmenistan: How would you characterize the current level of relations between Russia and Turkmenistan? Are […]
Embassy of Turkmenistan in France Hosts Meetings on Cultural Collaboration
On 14 February 2024, the Ambassador of Turkmenistan to France, Maksat Chariev, met with met with Jean-Marie Laronze, producer of Monde Et Media TV and Edouard Montoute, a French theater and film actor. This meeting builds upon their successful participation in the first “Dawn of Arkadag” International Film Festival held in Arkadag city last October, […]
Tokayev’s first state visit to Qatar – Kazakhstan and Qatar inked 9 agreements and commercial deals worth $ 18 billion
On 13-14 February 2024, President of Kazakhstan Kassym-Jomart Tokayev made his first state visit to Qatar. In Doha, the head of Kazakhstan met with Sheikh Tamim bin Hamad Al Thani, as well as with the Prime Minister – Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman Al Thani. Tokayev also had a series of meetings […]
EBRD Supports 22 Projects in Turkmenistan
The EBRD currently has 22 active portfolio projects in Turkmenistan, with a total value of €24 million, including undisbursed commitments. Industry, agrobusiness and commerce make up 100% of the current portfolio. As of 31 December 2023, the EBRD has invested in 87 projects in Turkmenistan. The cumulative Bank’s investment in Turkmenistan is €324 million. The […]
Keynote Speech by President Serdar Berdimuhamedov at an expanded meeting of the Cabinet of Ministers of Turkmenistan, 9 February 2024
Dear members of the Cabinet of Ministers! Dear participants of the meeting! As a result of the selfless work of our people in 2023 – the year of “Happy Youth with Arkadag Serdar” – we have achieved great success and fulfilled our plans. The development and implementation of laws corresponding to the realities of our […]
President of Turkmenistan approves program of socio-economic development of Turkmenistan and investments in 2024 – 6.3% GDP Growth, Increased Jobs, and Private Sector Boom
During an expanded Cabinet of ministers’ meeting on Friday, 9 Feb 2024, the President of Turkmenistan approved the Program of socio-economic development and investments for 2024. The Program outlines the expected macroeconomic indicators this year, production plans for all sectors. In accordance with the document, it is planned to: maintain GDP growth at 6.3%; steadily […]
Turkmenistan’s Economy Shows Steady Growth in 2023: Key Indicators
On 9 February 2024, President of Turkmenistan Serdar Berdimuhamedov chaired an expanded meeting to analyze the key economic achievements of 2023. Deputy Prime Ministers, ministers, and provincial governors presented their reports. Government data revealed a robust 6.3% GDP growth in 2023. In the industrial complex, this indicator increased by 4.3%, in construction – by 2%, […]
Turkmenistan’s Fertilizer Production Booms at Garabogaz Plant
The Garabogaz carbamide-ammonia plant in western Turkmenistan surpassed its target, producing over 1.032 million tons of fertilizer in 2023. As reported by the Turkmenistan newspaper, exports soared, making the plant a significant contributor to the national economy. The volume of work performed amounted to 806 million manats. More than 828 thousand tons of finished products […]
Ambassador Akmaljon Kuchkarov hosted a press briefing – An overview of the current state of multidimensional Turkmen–Uzbek relations presented
On 5 February 2024, the Ambassador of Uzbekistan to Turkmenistan, Akmaljon Kuchkarov, hosted a briefing for Turkmen journalists and representatives of foreign media accredited in Ashgabat. The event was dedicated to the 583rd anniversary of the great Uzbek writer and thinker Alisher Navoi, who made a huge contribution to the development of Turkic literature. In […]
Turkmen business can occupy free market niches in Russia – Russian lawmaker
A member of the Russian parliament sees a significant opportunity for Turkmen businesses to occupy market niches vacated by foreign companies leaving the Russian market. During a meeting with the Turkmen Ambassador to Russia Esen Aydogdiyev, Vladimir Resin, a member of the State Duma Committee on Construction and Housing, emphasized the potential for Turkmen businesses […]
Fitch Affirms Turkmenistan at ‘B+’ with Outlook Positive
Fitch Ratings has affirmed Turkmenistan’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with a Positive Outlook. Here is a summary of the report: KEY RATING DRIVERS Fundamental Rating Strengths and Weaknesses: The rating is supported by Turkmenistan’s extremely strong sovereign balance sheet, with the highest sovereign net foreign assets (SNFA)/GDP and lowest public […]
Turkmenabad Eyes Hosting Next Uzbekistan-Turkmenistan Business Forum
Uzbekistan and Turkmenistan are exploring the possibility of hosting the next interregional business forum in Turkmenabad, according to a recent meeting between Ambassador Akmaljon Kochkarov of Uzbekistan to Turkmenistan and Lebap province governor Shohrat Amangeldiyev, UzReport reports. Discussions focused on strengthening trade and economic ties between the bordering regions of Bukhara (Uzbekistan) and Lebap (Turkmenistan), […]
EBRD posts strong operational results in Central Asia in 2023
Anton Usov The European Bank for Reconstruction and Development (EBRD) invested more than €1.2 billion (US$ 1.3 billion) in projects across Central Asia in 2023 to stimulate the region’s sustainable and inclusive growth, which is expected to continue at a pace of 5.9 per cent in 2024. Last year the Bank financed more than 100 […]
Tajikistan invites Qatari investors to develop promising sectors of the economy
Unlocking the potential of trade and economic relations through investment and industrial development was one of the key topics of the recent state visit of President Emomali Rahmon of Tajikistan to Qatar. On 22 January 2024, Rahmon held summit talks with the Amir of Qatar Sheikh Tamim ibn Hamad Al-Thani, in Doha. During the meeting, […]
Boosting Turkmen-Japanese Ties: Business Forum Planned in 2024
During a visit to Japan, a Turkmen delegation led by Foreign Minister Rashid Meredov held meetings with key figures in the Japanese business community – Chairman and CEO Norihoko Ishiguro of the Japan Foreign Trade Organization (JETRO) and Chairman and Executive Director Atsuo Kuroda of the Nippon Export and Investment Insurance Agency (NEXI). These discussions […]
40% of investments in the economy of Kazakhstan come from the European Union
About 40% of the attracted investments in the economy of Kazakhstan come from the countries of the European Union. This was stated by Prime Minister of Kazakhstan Alikhan Smailov at a meeting with Vice-President of the European Commission Margaritis Schinas, held in Astana on 15 January. During the meeting, the sides discussed issues of increasing […]
Russia Eyes Deeper Investment Ties with Turkmenistan
Russia is interested in developing cooperation with Turkmenistan and is ready to implement joint projects, supply various products, and expand areas of investment cooperation. This was stated by Dmitry Volvach, Deputy Minister of Economic Development of Russia, during the 9th meeting of the High-level Group on Trade and Investment Support within the framework of the […]
Trade between Turkmenistan and Uzbekistan exceeds $970 million
According to the Agency of Statistics under the President of Uzbekistan, trade between Turkmenistan and Uzbekistan amounted to $970.1 million in January-November 2023. Of this, exports of Uzbek products to Turkmenistan amounted to $106.5 million, while imports from Turkmenistan were $809.6 million. As the figures show, trade and economic relations between Turkmenistan and Uzbekistan are […]
EDB: mutual direct investments among Central Asian countries grow at 9.2% per year on average over the past seven years
The volume of foreign direct investment (FDI) in Central Asia is estimated at US$ 1.1 billion by the end of the H1 2023, marking a 1.8-fold increase from 2016. This is stated in the report of the Eurasian Development Bank “EDB Monitoring of Mutual Investments 2023”. EDB analysts note that by mid-2023, the volume of FDI […]
Turkmenistan’s trade turnover with the CIS countries exceeded $2.6 billion (Updated)
Turkmenistan’s foreign trade turnover with the states of the Commonwealth of Independent States in January-October 2023 exceeded US $2.6 billion or 16.5% of the country’s total foreign trade turnover. This was stated by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Khojamyrat Geldimyradov, speaking at a meeting of the Council of Heads of Government […]
Asian Development Bank slightly raises its 2023 forecast for economies of Caucasus and Central Asia
The Asian Development Bank (ADB) has slightly raised its economic forecast for economies in Caucasus and Central Asia 2023. The upward revision reflects an improved outlook for Kazakhstan and Tajikistan for 2023. The growth forecasts for the Caucasus and Central Asia are revised up to 4.8% for 2023 from September’s 4.6% projection and down to […]
Five Steps to Economic Resilience in the Caucasus and Central Asia
By Eugene Zhukov, Lyaziza Sabyrova, Roman Mogilevskii The ability of the economies of the Caucasus and Central Asia to effectively respond to external shocks critically depends on their cooperation in diversifying trade and transport routes. The right policies and development of the Middle Corridor is a key to success. In the last several years, the […]
Parliament of Turkmenistan comments on the distribution of financial resources in the State Budget for 2024
Recently, the Parliament of Turkmenistan endorsed the Law on the State Budget for 2024. The newspaper “Turkmenistan” published the comments of the deputies of the Mejlis, which reveal some details on the fund distribution in the local budgets of the provinces, the city of Ashgabat and the city of Arkadag. Here are the key indicators […]
Turkmen-German Business Forum in Berlin: Fostering Strategic Partnerships
On 20 November 2023, the Turkmen-German Business Forum, organized by the German Economy Eastern Committee, convened in Berlin The event brought together over 200 representatives from the private and public sectors of both countries. This high-level gathering served as a platform to explore mutually beneficial opportunities and strengthen economic ties between Turkmenistan and Germany. The […]
Trade Between Turkmenistan and Uzbekistan Thrives, Reaching Nearly $940 Million
The economic partnership between Turkmenistan and Uzbekistan continues to flourish, as bilateral trade turnover soared to $939.1 million in January-October 2023, according to the Statistics Agency under the President of Uzbekistan. This remarkable growth underscores the deepening ties between the two nations. Uzbekistan’s exports to Turkmenistan during this period reached $143.7 million, while imports from […]
Iran to Send Trade Representative to Turkmenistan
The Trade Promotion Organization of Iran (TPOI) will dispatch a trade representative to Turkmenistan within the next four months to foster stronger bilateral trade and economic ties, according to TPOI head Mahdi Zeighami. In an interview with IRNA, Zeighami emphasized the ongoing development of a comprehensive cooperation document between Turkmenistan and Iran, highlighting the potential […]
Tajikistan and Iran to boost ties with new agreements on transport, technology, and visa-free travel
On 8 November 2023, President of Tajikistan Emomali Rahmon and President of Iran Ibrahim Raisi held summit talks in Dushanbe. On the sidelines of negotiations, a package of 18 agreements on cooperation in a variety of fields, including transport, science and culture, sports, and information technology. Tajikistan expressed interest in implementing major joint projects with […]
17th Iran-Turkmenistan Joint Economic Commission to be held in Ashgabat Next Month
The 17th meeting of the Iran-Turkmenistan Joint Economic Commission will be held in Ashgabat on 17-18 November 2023, Tasnim reports. Iran’s Minister of Roads and Urban Development Mehrdad Bazrpash, and Deputy Chairman of The Cabinet of Ministers of Turkmenistan and Minister of Foreign Affairs Rashid Meredov held a telephone conversation on Tuesday (10 Oct) to […]
President of Turkmenistan met the Economy Minister of Azerbaijan – Jabbarov had a series of negotiations at the government of Turkmenistan
On Wednesday, 4 October, President Serdar Berdimuhamedov received Minister of Economy of Azerbaijan Mikail Jabbarov. President Serdar Berdimuhamedov noted that cooperation between Turkmenistan and Azerbaijan is developing very dynamically due to the significant potential of the two countries and their readiness for a long-term fruitful partnership. “Our countries successfully cooperate within the framework of regional […]
Turkmenistan Prioritizes Agricultural Development
Turkmenistan attaches great importance to accelerating the industrialization of the national economy through the further dynamic development of the agricultural sector, the active introduction of digital technologies in agriculture, the development of innovative industry, and the close relationship between production and science. Deputy Prime Minister Tangryguly Atakhalliev, responsible for agriculture, in an article published in […]
Economies of Central Asia demonstrate strong growth in the first half of 2023, EBRD says
Central Asian economies posted strong growth in the past year, driven by government spending, China’s reopening and its demand for Central Asian commodities, intermediated trade with, and exports to, Russia, as well as remittances and relocation of companies and individuals from Russia, according to the European Bank for Reconstruction and Development’s (EBRD) latest Regional Economic […]
Turkmenistan and Eurochambres consider prospects for establishing cooperation
On 20 September 2023, Sapar Palvanov, Ambassador of Turkmenistan to the Kingdom of Belgium, met with Vladimir Dlouhi, President of Eurochambres, and CEO Ben Butters to discuss prospects for cooperation. Ambassador Palvanov highlighted the numerous business opportunities in Turkmenistan and the potential for cooperation between Eurochambres and the Chamber of Commerce and Industry of Turkmenistan. […]
ADB Projects Solid Growth but Rising Risks for Asia and Pacific
Economic growth in Asia and the Pacific is expected to remain solid, although risks to the outlook are rising, according to a report by the Asian Development Bank (ADB). The region’s developing economies are forecast to grow 4.7% this year, a slight downward revision from a previous projection of 4.8%, according to Asian Development Outlook […]
Trade complex: new successes, innovative technologies and modern services
Batyr Atdayev, Deputy Chairman of the Cabinet of Ministers of Turkmenistan The trade complex, which occupies one of the main positions in the domestic and foreign economic policy of Turkmenistan, has become one of the rapidly developing areas of the national economy. Today, President Serdar Berdimuhamedov worthily continues the initiatives of the Hero-Arkadag on the […]