Business leaders from Kazakhstan and Kyrgyzstan struck a series of agreements worth $300 million during a major business forum held in Astana on 17 April 2024 The Ministry of Trade and Integration of the Republic of Kazakhstan reported this positive development. These deals encompass a variety of projects, including construction of solar power plants, development […]
Ambassador of Turkmenistan to Pakistan paid a courtesy call on PM Shehbaz Sharif
On Wednesday, 17 April 2024, Ambassador of Turkmenistan to Pakistan Atadjan Movlamov paid a courtesy call on the Prime Minister Muhammad Shehbaz Sharif. Prime Minister Sharif underscored the importance of expanding bilateral cooperation, particularly in trade, energy, and regional connectivity. “There is a need to enhance bilateral cooperation, particularly in the domains of trade, energy […]
Turkmenistan, Uzbekistan Hold Political Consultations in Tashkent
On 16 April 2024, political consultations between the Ministries of Foreign Affairs of Turkmenistan and Uzbekistan took place in Tashkent. The delegations were led by Rashid Meredov, Turkmenistan’s Foreign Minister, and his Uzbek counterpart, Bakhtiyor Saidov, according to a press release issued by the Turkmen Foreign Ministry. The ministers stressed the momentum in Turkmen-Uzbek relations, […]
ADB Forecasts Developing Asia’s Economy to Grow 4.9% in 2024
MANILA, PHILIPPINES (11 April 2024) — Developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its resilient growth amid robust domestic demand, improving semiconductor exports, and recovering tourism. Growth will continue at the same rate next year, according to the Asian Development Outlook […]
Arkadag Berdimuhamedov is on an official visit to Tajikistan – Turkmenistan and Tajikistan outline promising areas of cooperation
On 4-5 April 2024, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov is on a two-day official visit to Tajikistan. On the first day of the visit, Berdimuhamedov met with President Emomali Rahmon, as well as with Chairman of the Majlisi Milli Majlisi Oli (Parliament) of Tajikistan […]
Turkmenistan-Pakistan Transit Trade agreement is at final stage, says Pakistan Minister for Commerce
On 3 April 2024, the Ambassador of Turkmenistan to Pakistan, Atajan Movlamov met with the Federal Minister for Commerce of Pakistan Jam Kamal Khan. The meeting discussed ways for development of trade relations between the two countries. Minister Jam Kamal emphasized Pakistan’s commitment to strengthening bilateral ties with Turkmenistan, particularly in trade, for the mutual […]
Turkmenistan is ready to diversify gas supplies in the ECO space, President Serdar Berdimuhamedov says
Turkmenistan, possessing huge reserves of natural gas, is ready to significantly diversify its supplies, including to consumers and transit countries in the space of the Economic Cooperation Organization, stated President Serdar Berdimuhamedov at a meeting with Secretary General of the Organization for Economic Cooperation (ECO) Khusrav Noziri in Ashgabat, 27 March 2024. During the meeting, […]
Turkmen-Japanese Business Forum Fosters cooperation in Tokyo – Minister of Trade and Foreign Economic Relations of Turkmenistan met with the Minister of Economy, Trade and Industry of Japan
Japanese and Turkmen representatives convened in Tokyo on 27 March 2024 for a business forum focused on fostering partnerships between small and medium-sized enterprises (SMEs) from both countries. The event, held at the Japan External Trade Organization (JETRO), brought together over 30 Turkmen leaders and around 100 Japanese participants. Minister Begench Gochmollayev of Turkmenistan’s Ministry […]
Belarus, Turkmenistan Eye Increased Trade Through Exchange Cooperation
The head of the Foreign Economic Activity Department at the Belarusian Universal Commodity Exchange (BUCE) Alexander Bashlia recently visited Ashgabat to explore promising avenues for cooperation with Turkmen businesses, according to BUCE reports. The BUCE aims to significantly increase trade turnover with Turkmenistan in 2024 by leveraging its exchange platform’s export potential. Lumber, dairy products, […]
EDB Report: Infrastructure in Eurasia: short-term and medium-term trends
The Eurasian Development Bank’s (EDB) latest report titled Infrastructure in Eurasia: Short-Term and Medium-Term Trends highlights ten significant trends in the region’s energy, transportation, logistics, water supply and telecommunications sectors. Through meticulous monitoring, the EDB has identified ten important short- and medium-term investment and institutional trends affecting Eurasia’s infrastructure. These trends hold practical value and […]
Visit of the Turkmen delegation to Belgium
From 17 to 19 March 2024, Deputy Prime Minister and Minister of Foreign Affairs of Turkmenistan Rashid Meredov headed a delegation on a working visit to Belgium. The European Union and Turkmenistan stand for the further development of mutually beneficial partnership On March 18, 2024, as part of the working visit of the Turkmen delegation […]
Annual Trade Between Turkmenistan and Russia exceeds US $ 1.6 bln, says Ambassador Volynkin
Russia has been one of the key trading partners for Turkmenistan over the past five years, with annual trade exceeding $1.6 billion, according to Russian Ambassador Ivan Volynkin. He highlighted a positive trend: imports of Turkmen textiles and food products to Russia have nearly doubled, he said in interview with Azerbaijani news agency Trend. Regular […]
Первый в истории бизнес-диалог Центральная Азия – США «B5+1» завершился принятием рекомендаций по экономической интеграции в ЦА
Форум B5+1, государственно-частный бизнес диалог для Центральной Азии и Соединенных Штатов, состоявшийся на прошлой неделе в Алматы, Казахстан, завершился принятием конкретных рекомендаций по ускорению региональной интеграции и экономического развития Центральной Азии, говорится в заявлении Центра международного частного предпринимательства (CIPE), который провел форум. В дополнение к странам С5+1 (Казахстан, Кыргызстан, Таджикистан, Туркменистан и Узбекистан плюс Соединенные […]
Inaugural B5+1 Forum adopted recommendations for Economic Integration in Central Asia
The B5+1 Forum, a public-private business dialogue platform for Central Asia and the United States, held last week in Almaty, Kazakhstan, announced a series of concrete recommendations to accelerate Central Asia’s regional integration and economic development, according to the statement of the Center for International Private Enterprise (CIPE), who led the forum. In addition […]
Kazinform Interview: Turkmenistan Ambassador on Bilateral Cooperation with Kazakhstan
In recent years, Turkmenistan and the Republic of Kazakhstan have been carrying out active exchanges in the cultural and humanitarian sphere. In 2024, it is planned to organize cross Culture Days of Turkmenistan and the Republic of Kazakhstan. Ambassador Extraordinary and Plenipotentiary of Turkmenistan to the Republic of Kazakhstan Batyr Rejepov spoke about this in […]
Almaty Hosts First B5+1 Forum: U.S. and Central Asia Strengthen Business Ties
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 […]