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 […]
Central Asian countries seek to boost digital economy cooperation – Central Asia’s GDP is growing faster than the world economy
On 14 September 2023, the Economic Forum of Central Asian Countries on the topic “Digital Economy, E-commerce and Innovations” was held in Dushanbe. The forum was attended by a delegation of Turkmenistan headed by the Minister of Economy and Finance of Turkmenistan Serdar Jorayev. The Turkmen delegation included heads and representatives of a number of […]
Turkmenistan: Rapid development of the industrial and construction complex
Baymyrat Annamammedov, Deputy Chairman of the Cabinet of Ministers of Turkmenistan In the era of the Revival of a new epoch of a powerful state, our Motherland, under the wise leadership of President Serdar Berdimuhamedov, confidently following the course of progress and prosperity, turned into a steadily developing state. The successes of the country achieved […]
Global Times: BRI’s emphasis on environmentally friendly practices has benefited Central Asia countries
An aerial view of China built Turgusun hydropower station in city of Altai, Kazakhstan. Photo: Xinhua For ten years, China and Central Asian countries have been more tightly bonded together through cooperation in the traditional energy section under the Belt and Road Initiative (BRI). However, the rise of Chinese companies specializing in renewable energy and […]
Turkmenistan to present its economic achievements at the exhibition in Ashgabat
“Exhibition of economic achievements of Turkmenistan” will be held in Ashgabat on 20-21 September, the Chamber of Commerce and Industry of Turkmenistan reports. The traditional expo is timed to coincide with the 32nd anniversary of the country’s Independence. The products and services of Turkmenistan’s economy, including innovative technologies, export and import-substituting goods, energy, industry, agriculture, […]
President of Turkmenistan and the Governor of St. Petersburg discuss prospects for cooperation in the economic and humanitarian spheres
Today, on 11 September, President of Turkmenistan Serdar Berdimuhamedov received the Governor of St. Petersburg Alexander Beglov, who is on visit to Ashgabat at the head of an official delegation. During the conversation, the pace of cooperation and promising projects were discussed, the press service of the administration of St. Petersburg reports. “The Government of […]
IMF: How More Effective Monetary Policy Can Tame Inflation in the Caucasus and Central Asia
By Maria Atamanchuk, Klakow Akepanidtaworn, Ezequiel Cabezon, Tigran Poghosyan, and Selim Cakir August 28, 2023 Addressing persistent inflation also requires tackling structural factors that are making monetary policy less effective Inflation has remained stubbornly high, exceeding central banks’ targets in most Caucasus and Central Asia (CCA) countries. Inflation rates are volatile, due to the large […]
Azerbaijan, Uzbekistan set up Supreme Interstate Council – Baku and Tashkent aim to bolster ties in transport, energy
President of Uzbekistan Shavkat Mirziyoyev is on a two-day state visit to Azerbaijan. This is the first foreign visit of the Uzbek leader after his re-election to the presidency. Following the summit talks in Baku on 22 August 2023, President Mirziyoyev and President of Azerbaijan Ilham Aliyev signed an agreement on the establishment of the […]
EBRD Supports 22 Projects in Turkmenistan
The European Bank for Reconstruction and Development (EBRD) currently has 22 active portfolio projects in Turkmenistan, with a total value of €28 million. Industry, agrobusiness and commerce make up 95% or €27 million of the current portfolio, while financial institutions’ share is 5 %. As of 31 July 2023, the EBRD has invested in 87 […]
ADB Supports Turkmenistan’s Development with $632.6 Million in Loans, Grants, and Technical Assistance
To date, ADB has committed 13 public sector loans, grants, and technical assistance totaling $632.6 million to Turkmenistan, says Bank’s updated fact sheet. In 2022, ADB topped up its transaction technical assistance portfolio by $225,000 to help prepare bankable projects in Turkmenistan. ADB advanced significantly with the processing of proposed projects including Improving Nursing Quality […]
Central Asia and impending avalanche of corporate debt maturities in the USA
nCa Analysis There is the impending avalanche of the corporate debt maturities in the USA. It will create a mix of challenges and opportunities for Central Asia. First, let us look at the issue of the corporate debt maturities in the USA. Goldman Sachs predicts that corporate debt maturities will be US$230 billion for the […]
Трапезников: Объемы внешней торговли Туркменистана показали значительный рост
Экономический обозреватель по Туркменистану Валентин Трапезников озвучил данные о росте показателей экспорта страны за первые пять месяцев 2023 года. Летом 2022 года Туркменистан, как и многие другие страны, начал постепенно отменять пандемийные ограничения, в том числе касающиеся торгово-экономических взаимоотношений с другими странами, в связи с этим объемы внешней торговли вновь начали расти и в настоящее […]
Trapeznikov: Turkmenistan’s foreign trade volumes showed significant growth
Economic observer for Turkmenistan Valentin Trapeznikov announced data on the growth of the country’s exports in the first five months of 2023. In the summer of 2022, Turkmenistan, like many other countries, began to gradually lift pandemic restrictions, including those related to trade and economic relations with other countries, in this regard, the volume of […]
Central Asia presents huge opportunities for UK exporters –Trade Commissioner Kenan Poleo
Central Asia is one of the most dynamic and rewarding regions for British businesses. This region, with its fast-growing and diversifying economies, presents huge opportunities for UK exporters and has a vital role to play in helping Great Britain reach exporting ambition. This was stated by UK Trade Commissioner for Eastern Europe and Central Asia […]
Time is now for Yeni Türkiye – New Türkiye
nCa Report President Erdogan has started his third term in office with his voter base intact. The coalition led by the AK Party is in comfortable majority in the parliament. There is the vast pool of goodwill for Türkiye in the greater Eurasian landmass. The geopolitical conditions are loaded with new opportunities. — The stars […]
Parliament of Turkmenistan ratifies the Agreement with Turkey and Azerbaijan on trade and economic cooperation
During the session on Saturday, 3 June, the Parliament of Turkmenistan adopted the Law “On ratification of the Agreement between the Government of Turkmenistan, the Government of the Republic of Azerbaijan and the Government of the Republic of Turkey on trade and economic cooperation”. The trilateral agreement is aimed at enhancing friendly relations between the […]
EBRD report: Anti-Russian sanctions boost Central Asian economies
The countries of Central Asia and the South Caucasus have made impressive progress in developing trade through the intermediary trade of goods from Western countries to Russia. After the introduction of sanctions, the EU’s trade turnover with Russia’s eastern neighbors increased many times, as did their trade with Russia. Trade turnover within the EAEU increased […]
TASS Report: Russia in Central Asia – work in five directions
2022 marks the 30th anniversary of the establishment of diplomatic relations between Russia and the countries of Central Asia (CA), which were once Soviet republics, but after the collapse of the USSR began their journey as independent states. TASS presents report about how Central Asian economies look today, as well as about the role that […]
ADB upgrades upward forecast for Central Asia and Caucasus
The subregional growth projection for the Caucasus and Central Asia in 2022 is raised from 3.9% in the September Update of Asian Development Outlook (ADO) 2022 to 4.8% for 2022, while the projection for 2023 remains unchanged at 4.2%, ADB said in a recent supplement to the ADO 2022. The upward adjustment for 2022 reflects […]
ESCAP launches online tool to help countries visualize and analyze trade integration
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) today launched the RIVA value chain analyzer, a new online platform to support policymakers, analysts and researchers who want to understand how well integrated countries are in global value chains. Through RIVA, the Regional Integration and Value Chain Analyzer, policy analysts from […]
UN ESCAP REPORT ‘BEYOND THE PANDEMIC’ LAUNCHED
Bangkok – Broadening social protection, investing in a sustained recovery, keeping goods and information flowing, and protecting environmental health will be key to emerging stronger from the COVID-19 pandemic, according to a flagship report released by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) today. The theme study for the […]
2020 could be a pivotal year for Turkmenistan – Part 2
Tariq Saeedi The textile sector was mentioned in the first part of this series because it is poised for an impressive take off next year. However, there are many other areas that are in the queue. For instance, there is the cement production. Turkmenistan has four cement plants with total annual capacity of 4 million […]
Казахстан и Туркменистан расширяют участие министерств иностранных дел во внешней экономике
Казахстан нацелен на усиление роли своего главного дипломатического ведомства во внешнеэкономической деятельности. Так, в соответствии с недавним указом Президента Нурсултана Назарбаева, Министерство по инвестициям и развитию Казахстана было преобразовано в Министерство индустрии и инфраструктурного развития. При этом функции и полномочия бывшего МИР по привлечению инвестиций были переданы министерству иностранных дел. В ведение МИД Казахстана также […]
Kazakhstan stimulates economic growth, integration in Central Asia
The International Monetary Fund has published a new forecast for the growth of the world economy and individual geographic regions. Central Asia on the general background looks more than promising. The optimism of the experts of the Fund regarding the Central Asian region is largely due to a change in the mood of investors and […]
Economic and Social Survey for Asia and the Pacific 2018
Mobilizing finance for sustained, inclusive and sustainable economic growth Dr. Shamshad Akhtar Asia and the Pacific remains the engine of the global economy. It continues to power trade, investment and jobs the world over. Two thirds of the region’s economies grew faster in 2017 than the previous year and the trend is expected to continue […]
Столкнувшись с различными трудностями в экономике, Туркменистан готов к решению задач
Доклад nCa Ашхабад, 9 июня 2016 (nCa) — Продолжительные низкие цены на нефть, неопределённость банковской и финансовых систем, искусственно создаваемые экономические кризисы, авторами которых являются определённые страны, создали значительные трудности для Туркменистана. Туркменистан готов отреагировать на трудности. Наблюдаются обширные инициативы по перестройке экономики, чтобы сократить зависимость от углеводородных доходов и превратить Туркменистан в чистого экспортера […]
Under the ruling thumb of economic charlatans
Ben Tanosborn Whether to pay the price for our “exceptionalism”, or just a malediction, we in the United States seem to be condemned by our own government to live under a constant lie. In 2002, it was Charlatan Bush with his political lie, the existence of weapons of mass destruction in Iraq, which allowed him […]