Anton Usov According to the latest edition of European Bank for Reconstruction and Development’s (EBRD) Regional Economic Prospects report, the short-term regional economic outlook for Central Asia remains positive. Regional growth is set to reach 5.1 per cent in 2024 and accelerate to 5.9 per cent in 2025 on stronger commodity revenues, infrastructure investment and […]
High Demand for Kazakh Grain in Central Asia
A recent forum of grain exporters and importers in Tashkent, Central Asia, highlighted the growing demand for Kazakh grain in the region. As reported by Kazinform, Uzbek farmers are currently harvesting 20 million tons of grain this year and are already exploring export opportunities. “We invited entrepreneurs who buy grain and fat-and-oil products from Kazakhstan […]
32 years of Turkmenistan-Korea partnership
By Korea Herald This year Turkmenistan celebrates the 33rd anniversary of its Independence and marks the 32nd anniversary of the establishment of diplomatic relations with the Republic of Korea. Thirty-three years ago, the Constitutional Act on the independence and state structure of Turkmenistan was adopted, according to which Turkmenistan was proclaimed as an independent democratic […]
ADB Raises Economic Growth Forecast for Developing Asia and the Pacific
The Asian Development Bank (ADB) has raised its economic growth forecast for developing Asia and the Pacific this year, amid solid domestic demand and continued strength in exports. ADB has also lowered its forecast for regional inflation. The region is forecast to grow by 5.0% this year, compared with a projection of 4.9% in April, […]
Speech by the President of Turkmenistan Serdar Berdimuhamedov at the meeting of the Halk Maslahaty of Turkmenistan
Dear compatriots! Dear participants of the meeting of the Halk Maslahaty! Today, in the epoch of the Revival of a new era of a powerful state, we celebrate the main holiday of our country with glorious accomplishments and labor achievements – the 33rd anniversary of Turkmenistan’s independence. Dear compatriots, I sincerely congratulate you on the […]
Speech by the National Leader of the Turkmen people, Chairman of the Halk Maslakhaty of Turkmenistan Hero-Arkadag Gurbanguly Berdimuhamedov at the meeting of the Halk Maslakhaty of Turkmenistan
Dear participants of the meeting Halk Maslahat! Dear compatriots! In a few days, we will celebrate the 33rd anniversary of the sacred independence of the sovereign Fatherland at a high level. Independence is the recognition of our native people and beloved Motherland throughout the world. The bright path of all achievements and prosperity. Dear compatriots! […]
Halk Maslahaty Session was held in Turkmenistan
On 24 September 2024, a regular meeting of the Halk Maslahaty [People’s Council] of Turkmenistan was held in Ashgabat under the chairmanship of the National Leader of the Turkmen people, Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov. The meeting was attended by heads of state authorities, members of the Halk Maslahaty of Turkmenistan, deputies of […]
UK Goods Trade with Turkmenistan Rises, but Services Trade slightly declines
The total volume of trade turnover between the UK and Turkmenistan for the period from April 2023 to March 2024 amounted to £53 million, a decrease of 5.4%, or £ 3 million pounds in current prices compared to the same period of previous years. Such data are provided in the Trade and Investment factsheet, issued […]
Kazakhstan and Turkmenistan: Cornerstones of Central Asian Stability
Kazakhstan and Turkmenistan stand as pivotal strategic partners in Central Asia. Their relationship, characterized by constructive neighborly dialogue, peaceful borders, growing economic cooperation, similarity of positions on topical issues of regional and international issues, and mutual understanding between their fraternal peoples, exemplifies the hallmarks of modern bilateral relations. While their formal diplomatic ties were established […]
Uzbekistan: a growing hub for Western and Chinese investments
Bukhara, one of Central Asia’s oldest cities, has long stood as a historical waypoint on the Great Silk Road, where caravans laden with goods moved between East and West. Today, this city is witnessing a new chapter in its storied past—one defined by industrial advancement and economic transformation. Not far from the ancient bazaars of […]
Turkic Investment Fund
nCa Report The Organization of Turkic States (OTS) established the Turkic Investment Fund during the extraordinary summit of the Organisation of Turkic States on 16 March 2023 in Ankara. The founding countries were Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkey. Baghdad Amreyev, who had completed his tenure as the Secretary General of the OTS, was appointed […]
Interview – Ji Kyu-Taek, Ambassador of Korea in Turkmenistan
Here is the transcript of an interview with the ambassador of Korea in Turkmenistan, Ji Kyu-Taek. nCa – Could you please sum up the results of the visit of President Yoon Suk Yeol of Korea to Turkmenistan in June 2024? JKT – His Excellency Yoon Suk Yeol, President of the Republic of Korea(RoK) and His […]
Iran becomes a trade hub for agricultural exporters from Central Asia
In the medium term, we should expect Iran’s regional role to grow and cargo flows to increase. Today, Central Asian countries consider Iran as a trade hub that will increase exports to Africa and the Middle East. Berik Bulekbayev, an expert consultant to the UNECE, the World Bank, and an honorary railwayman, said this during […]
Investments of Turkmenistan in Afghanistan exceed USD 1.5 Billion
The deputy prime minister and foreign minister of Turkmenistan, Rashid Meredov, conducted recently a briefing for the diplomats and media. Among the subjects he covered was the launch of the work on the infrastructure projects in Afghanistan including the first section of TAPI. According to the reports from a number of the Afghan media outlets, […]
President of Turkmenistan receives head of Islamic Development Bank
President Serdar Berdimuhamedov received the head of the Islamic Development Bank (IsDB) Mohammed Al Jasser on 19 September 2024. The guest confirmed the IsDB’s readiness to strengthen long-term cooperation with Turkmenistan, which is pursuing a constructive policy based on the principles of positive neutrality and implementing progressive socio-economic transformations and large-scale infrastructure projects. As President […]
Trade turnover between Turkmenistan and Bulgaria grew by 600% – Ashgabat and Sofia intend to intensify economic cooperation
Despite the significant growth in trade between Turkmenistan and Bulgaria, there is untapped potential for further economic cooperation. This was the focus of a recent meeting between Turkmenistan’s Ambassador Esen Aydogdiyev and Bulgarian Minister of Economy and Industry Petko Nikolov. According to Bulgaria’s Ministry of Economy and Industry, bilateral trade has surged this year. In […]
Turkmenistan’s Ambassador to Bulgaria Presents Credentials
On 17 September 2024, Ambassador of Turkmenistan Esen Aydogdiyev (residence in Moscow) presented copies of credentials to Deputy Minister of Foreign Affairs of Bulgaria Elena Shekerletova. During the meeting, Deputy Minister Shekerletova emphasized the importance of Bulgaria’s friendly and constructive relations with Turkmenistan, a key partner in Central Asia and the Caspian region. She highlighted […]
President Serdar Berdimuhamedov met with German businessmen – The promising areas of the Turkmen-German partnership outlined
On 17 September 2024, in Astana, President of Turkmenistan Serdar Berdimuhamedov met with representatives of German business circles. During the meeting, the head of state announced several projects in which Turkmenistan is seeking proposals from German partners. Transport In the transportation and communications sectors, Turkmenistan is open to exploring the use of its Caspian Sea […]
Kazakh-German summit talks in Astana – Kazakhstan and Germany are implementing investment projects worth $55 billion
On 16 September 2024, President of Kazakhstan Kassym-Jomart Tokayev and Federal Chancellor of Germany Olaf Scholz had summit talks in Astana. Tokayev called Scholz’s visit historic, as it is the first visit of the head of the German Government to Kazakhstan in the last 14 years. As Tokayev noted, Germany is one of Kazakhstan’s main […]
Embassy of Kyrgyzstan in Turkmenistan conducts briefing for diplomats, media
Ambassador Azizbek Madmarov of Kyrgyzstan conducted a briefing for the diplomats and media in Ashgabat on 16 September 2024. In the first part of the briefing, he quoted a recent speech of President Sadyr Japarov to the nation on the occasion of the Independence Day, and in the later part he spoke about some joint […]
The German Chancellor and the President of Uzbekistan met in Samarkand – a package of documents signed – Germany and Uzbekistan are working on projects worth 9 billion Euros
On Sunday, 15 September, the Federal Chancellor of Germany Olaf Scholz started his visit to Central Asia. The first stop was Samarkand in Uzbekistan, where he had summit talks with the President Shavkat Mirziyoyev in narrow and expanded formats. A year ago, a meeting in Germany led to intensified contacts at all levels. Trade turnover […]
Afghanistan: Nearly 700 Million in Trade Conducted With Central Asian Countries
The Ministry of Industry and Commerce said that in the first five months of the current solar year, Afghanistan has conducted trade worth nearly $700 million with Central Asian countries. Akhundzada Abdul Salam Jawad, spokesperson for the ministry, said that around $60 million of exports have been made, and the ministry is working to increase […]
TIF 2024: Kyrgyzstan and Turkmenistan to hold online meetings of relevant departments to strengthen business ties – Two countries’ postal services inked an agreement
Deputy Minister of Economy and Commerce of the Kyrgyz Republic Nazarbek Malaev took part in Turkmenistan Investment Forum TIF 2024, which was held on 10-11 September 2024 in Ashgabat. On the sidelines of this Forum, Malaev met with Director General of the Agency for Transport and Communications under the Cabinet of Ministers of Turkmenistan Mammedkhan […]
Central Asia-Jiangsu Trade Center Opens in Nanjing, Boosting Regional Trade
On September 12, the opening of the Central Asia – Jiangsu Trade Center took place in the Chinese city of Nanjing, Jiangsu Province. The multi-storey Center is a multifunctional platform for Central Asian businesses to enter the Chinese market, according to the Ministry of Trade and Integration of Kazakhstan. The Central Asia-Jiangsu Trade Center will […]
Speech by President Serdar Berdimuhamedov at the Investment Forum of Turkmenistan, the international conference on attracting high technologies and innovations to the national economy and specialized exhibitions (via videoconference)
Dear compatriots! Dear participants of the international forum! I heartily congratulate you on the start of the work of the Investment Forum of Turkmenistan and the international conference on attracting high technologies and innovations to the national economy, as well as specialized inspections that are taking place in white marble Ashgabat on the eve of […]
TIF 2024: Turkmenistan’s foreign trade turnover in the first half of 2024 exceeded US $ 9 billion
Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan Rakhimberdy Jepbarov shared the positive economic indicators of the country at the TIF 2024 Investment Forum in Ashgabat. According to Jepbarov, Turkmenistan’s foreign trade turnover in the first half of 2024 exceeded US $ 9 billion, demonstrating a trade surplus of […]
TIF 2024: The private sector is the key to Turkmenistan’s prosperity
The second session of the Turkmenistan Investment Forum (TIF 2024), held in Ashgabat on September 10, focused on the pivotal role of public-private partnerships (PPPs) in driving economic growth. Nokerguly Atagulyev, Chairman of the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET), outlined the country’s thriving entrepreneurial landscape and highlighted key PPP projects. Here are […]
TIF 2024: Russia’s Underutilized Export Potential to Turkmenistan: A $200 Million Opportunity
According to Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, Russia’s unrealized export potential to Turkmenistan amounts to a significant $200 million. This announcement was made during the plenary session of the Turkmenistan Investment Forum (TIF 2024) in Ashgabat. The trade turnover between Turkmenistan and Russia for the first seven months of […]
TIF 2024: Executive Director of the Eastern Committee of the German Economy Praises Turkmenistan’s Economic Potential
Michael Harms, Executive Director of the Eastern Committee of the German Economy, delivered a keynote address at the Turkmenistan Investment Forum (TIF 2024) on 10 September 2024. In his speech, Harms highlighted the significant potential for German-Turkmen economic cooperation, citing the country’s abundant energy resources, strategic location, and predictable business environment. Deputy Prime Minister for […]
Is the US Dollar heading toward collapse? – Part Two
Tariq Saeedi The BRICS summit will be held in Kazan, Russia, 22-24 October 2024. Three major announcements are expected. One of them is the launch of the BRICS Pay, an alternative system aimed at de-dollarization. Blockchain-based, it could possibly be one of the biggest geopolitical and economic developments of recent years. Moreover, it will operate […]
Turkmen Delegation had a series of meetings in Helsinki
On 5 September 2024, a round table with the participation of leading Finnish companies “Finnish Water Forum”, “Watermaster”, “Wärtsilä”, “Agronic Oy”, “Reorbit”, Finnish Meteorological Institute and others was held in Helsinki in the premises of the EastCham Finland. At the event, the Turkmen delegation was headed by Deputy Minister of Foreign Affairs of Turkmenistan Myahri […]
Ambassadors from Central Asia and the Gulf Arab countries met in Brussels
In Brussels, the capital of the European Union, the first meeting of ambassadors from the Gulf Cooperation Council (GCC) countries, Central Asia, and Mongolia took place. The event served as an important platform for discussing interregional cooperation and strengthening economic and political ties between these regions. One of the key agenda points was the discussion […]
TIF 2024: attractive trajectories of economic prosperity
Preparations for one of the main events in the economic life of the country – the Turkmenistan Investment Forum (TIF 2024) are in full swing in Ashgabat, which will be attended by representatives and officials of major international organizations, financial and banking institutions, energy companies, as well as various specialized structures of various countries of […]
New U.S. Ambassador to Turkmenistan identifies key areas of work
The newly appointed U.S. Ambassador to Turkmenistan, Ms. Elizabeth Rood, held her first press briefing today at the new complex of the U.S. Embassy in Ashgabat. During the meeting with journalists, she outlined the main priorities of her activities. Ambassador Rood highlighted four key areas of work: combating climate change, developing the economic sector, security […]
A Promising Future for Turkmenistan-Germany Cooperation
Stable and growing economic cooperation forms a cornerstone of the successful relationship between Germany and Turkmenistan. Today, clear trends in bilateral economic activity are fostering optimism about future prospects. Ambassador of Germany to Turkmenistan, Bernd Heinze, highlighted this in an interview with the Turkmenistan newspaper. Germany and Central Asia Germany has established a leading position […]
The Ministry of Foreign Affairs of Turkmenistan hosted a meeting with the UAE Ambassador
UAE Ambassador to Turkmenistan Ahmed Al Hameli met with Deputy Minister of Foreign Affairs of Turkmenistan Ahmed Gurbanov. During the meeting, ways to expand cooperation between the two countries in various fields were discussed, according to the UAE Embassy in Turkmenistan. Earlier, Ambassador Ahmed Al-Hameli held a number of meetings with the Chairman of the […]
Turkmen-Swedish cooperation discussed in Stockholm
On 3 September 2024, Turkmen-Swedish political consultations were held in Stockholm. The Turkmen side was headed by Deputy Minister of Foreign Affairs of Turkmenistan Myahri Byashimova, the Swedish side was led by Tobias Thyberg, Head of the Department for Eastern Europe and Central Asia of the Ministry of Foreign Affairs of Sweden. During the inter-MFA […]
Anadolu Agency interviews Turkish ambassador in Ashgabat
The Anadolu Agency, the state-run news service of Türkiye, has interviewed Ambassador Ahmet Demirok, the envoy of Türkiye in Ashgabat. Commenting on the state of relations between Türkiye and Turkmenistan, the ambassador said that Türkiye was the first to recognize the independence of Turkmenistan and the first to open embassy in Türkiye. Demirok said that […]
Kazakhstan will replace subsidies for agriculture sector with easy credits, other measures
At the start of the 33rd session of the parliament of Kazakhstan, President Tokayev has asked for some bold measures to uplift the agriculture sector. Here is the relevant portion of his address to the lawmakers : An extremely important task is to attract investment to the agro-industrial complex. Despite the consequences of the floods, […]
Improvement in investment climate and ease of doing business on agenda for parliament of Kazakhstan
President Tokayev of Kazakhstan, at the start of the 33rd session of the parliament, gave the detailed guidelines to the lawmakers for the current legislative work. Here is the relevant portion from his speech related to the investment climate and conditions for doing business : It is important to constantly work on improving the investment […]
TIF 2024: Investing in the future
On 10-11 September, Ashgabat will become a center of attraction for investors and experts worldwide. Turkmenistan is opening the doors to the grand TIF 2024 Investment Forum, where the most pressing issues of the country’s and the region’s economic development will be discussed. The Forum is organized by the Ministry of Finance and Economy of […]
Armenia’s business mission to Almaty: Strengthening economic ties and new transport routes via Turkmenistan and Iran
Almaty recently hosted an important event for business cooperation between Kazakhstan and Armenia — 50 Armenian entrepreneurs visited Kazakhstan with a business mission. The event, organized by the Diplomatic Club “Astana” in collaboration with the embassies of both countries, was aimed at strengthening constructive dialogue between the countries, creating additional opportunities for building business ties, […]
Turkmenistan, Afghanistan sign four documents related to TAPI, TAP, Railways
The Afghan delegation led by the Acting Minister of Mines and Petroleum Products of Afghanistan Hidayatullah Badri, had a meeting on 30 August 2024 in Ashgabat. The Turkmen side was represented by several deputy prime ministers, ministers, and other senior officials. The expanded talks led to the signing of four documents: – Memorandum of Understanding […]
Kyrgyzstan creating environment to nurture E-Commerce
Kyrgyzstan, a country striving to break out of its economic limitations, is continuously working to support e-commerce. The idea is to create the enabling environment to support all the stakeholders in the e-commerce mix. BC Card Kyrgyzstan, a joint Kyrgyz-Korean joint venture has recently started working in Kyrgyzstan. The partners are the South Korean companies […]
Ongoing rehabilitation of Karakalpakstan is a success story from Uzbekistan, mitigating Aral Sea disaster impact
Karakalpakstan is an autonomous region of Uzbekistan, bordering with Turkmenistan. It was a thriving region in the 1970s, when irrigation from the Amu Darya was being expanded. However, the evaporation of the Aral Sea has made Karakalpakstan one of Uzbekistan’s poorest regions. Karakalpakstan has an area of 166,590 km2 (64,320 sq mi), and has a […]
Greenifying Central Asia: From fossil fuel to renewable energy giants?
Mokhinur Sultanova Central Asia, a region rich in natural resources, has long relied on its vast reserves of fossil fuels to drive economic growth and development. However, the energy landscape is rapidly evolving, with new challenges emerging due to climate change, economic shifts, and the global transition towards renewable energy sources. With its rich history […]
International Trade Center Opened at Uzbek-Afghan border – Expected annual trade turnover is USD 1.2 billion
The International Trade Centre was opened on 29 August 2024 at Termez, the border town between Uzbekistan and Afghanistan. It is located on the Uzbek territory. The sprawling complex covers an area of 36 hectares. The project cost was USD 70 million. The centre will play an important role in the development of trade and […]
New ADB Strategy to Propel Turkmenistan Towards a More Sustainable, Climate-Resilient, and Competitive Economy
The Asian Development Bank (ADB) today launched a new country partnership strategy for Turkmenistan designed to help the Central Asian nation develop a competitive, diversified, and knowledge-based economy driven by an innovative private sector. Under the new strategy, covering 2024-2028, ADB’s assistance will focus on three strategic priorities — supporting the green transition to a […]
Turkmenistan-Tatarstan Cooperation Growing Exponentially
nCa Report The cooperation between Turkmenistan and Tatarstan, the largest component republic of the Russian Federation is expanding exponentially. This was evident at the recently-held ninth meeting of the Joint Turkmen-Tatarstan Working Group on Trade, Economic, Scientific, Technical and Cultural Cooperation. Here are the outcomes: [There is some duplication because of material from various sources] […]
China sets 2050 target for world-class aviation hubs
China plans to establish a group of world-class aviation enterprises and hubs by 2050, according to a new guideline released by the Civil Aviation Administration of China and the National Development and Reform Commission. The guideline outlines a three-phase strategy for developing international aviation hubs with milestones set for 2025, 2035 and 2050. By 2025, […]