On 10-13 October 2024, President of Mongolia Khurelsukh Ukhnaa paid a state visit to Turkmenistan. This is the first state visit of the head of Mongolia to Turkmenistan since the establishment of diplomatic relations between the two countries on 23 April 1992, On October 12, high-level talks were held in Ashgabat between President Serdar Berdimuhamedov and President … [Read more...]
Over 80 Companies from Mongolia and Turkmenistan participated in Joint Business Forum in Ashgabat
As part of the state visit of President of Mongolia Ukhnaa Khurelsukh to Turkmenistan, a Mongolian-Turkmen business forum and a meeting of entrepreneurs were held in Ashgabat on 12 October. The forum was opened by Duuren Tumenjargal, Executive Director of the Mongolian Chamber of Commerce and Industry, Mergen Gurdov, Chairman of the Turkmen Chamber of Commerce and Industry, … [Read more...]
Turkmenistan invites CIS countries to participate in infrastructure projects toward South Asia – this is powerful idea with enormous potential
Tariq Saeedi Turkmenistan has invited the CIS countries to take part in the emerging and planned infrastructure projects aimed at connectivity with South Asia and beyond. President Serdar Berdimuhamedov, in his speech at the summit of the heads of state of CIS, floated the idea. The summit was held in Moscow on 8 October 2024. Here is the relevant portion from the speech … [Read more...]
Germany is economic powerhouse of Europe and a natural partner for Central Asia
Tariq Saeedi Germany is the economic powerhouse of Europe. It is the third largest economy in the world. The size of the German economy is simply impressive considering that it has always paid a heavy price for the broader cooperation in Europe. Germany also has an impeccable record of fulfilling its commitments. The roots are in the national psyche where the sense of … [Read more...]
China planning to establish joint science-technology centre with Central Asia
China, in pursuit of taking its partnership with Central Asia, is planning to establish a joint sci-tech (science and technology) centre with Central Asia. The idea was born during a meeting of the CPPCC (Chinese People's Political Consultative Conference) in March this year. The authors of the idea have proposed to establish it in XAR (Xinjiang Yughur Autonomous Region), … [Read more...]
Kazakh-Turkmen Business Council discussed prospects for cooperation
On 8 October, a meeting of the Kazakh-Turkmen Business Council was held in Ashgabat. The meeting brought together representatives of the business circles of both countries. The sides discussed new initiatives and projects in sectors such as energy, transport, logistics and agriculture, the Foreign Trade Chamber of Kazakhstan reports. The Co-chairman of the Kazakhstan’s part … [Read more...]
The President of Turkmenistan took part in the CIS summit
On 8 October 2024, a regular meeting of the Council of CIS Heads of State was held in Moscow under the chairmanship of President Vladimir Putin of Russia. The meeting was attended by President of Azerbaijan Ilham Aliyev, Prime Minister of Armenia Nikol Pashinyan, President of Belarus Alexander Lukashenko, President of Kazakhstan Kassym-Jomart Tokayev, President of the Kyrgyz … [Read more...]
E-Commerce Trends in 2025
nCa Report E-Commerce, the prodigious child of the 21sth century, flourishes at the forefront of innovation and technology. The year 2025 will mark the completion of the first quarter of this century. It will also see the e-commerce thriving beyond imagination. Let us look at some of the trends that may redefine e-commerce in 2025: Savan Krishna, in an article titled … [Read more...]
Today, the President of Turkmenistan will take part in the CIS Summit
On 7 October 2024, President of Turkmenistan Serdar Berdimuhamedov left for a two-day working visit to Russia to participate in the summit of Heads of State of the Commonwealth of Independent States, to be held on 8 October. The heads of state will exchange views on cooperation within the CIS and decide on the chairmanship of the Commonwealth in 2025. The summit will also … [Read more...]
Turkmenistan has high place in Iran’s Foreign Policy – President of Iran may visit Turkmenistan In near future
Cooperation with neighbors and paying special attention to them are one of the priority principles of foreign policy and the Islamic Republic of Iran. Basically, the current policy is based on positive and constructive interactions with neighboring states and is carried out with the aim of strengthening economic, political and cultural ties, as well as creating sustainable … [Read more...]
EBRD forecasts robust economic growth in Central Asia
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 … [Read more...]
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 to the … [Read more...]
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 … [Read more...]
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, according to Asian Development Outlook … [Read more...]
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 33rd anniversary of … [Read more...]
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! The … [Read more...]
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 the Mejlis, heads … [Read more...]
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 by the British Department for Business and Trade on 20 Sep … [Read more...]
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 … [Read more...]
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 Bukhara, a modern facility belonging to … [Read more...]
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 as … [Read more...]
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 Excellency Serdar Berdymuhamedov, President of Turkmenistan had … [Read more...]
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 the fourth international conference Asia Grains & … [Read more...]
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, Meredov said that Turkmenistan … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 trading partners and top … [Read more...]
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 key projects of Kyrgyzstan with the regional countries. At … [Read more...]
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 between the two countries surpassed 1 … [Read more...]
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 the level of exports to Central … [Read more...]
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 Chakiyev, Deputy … [Read more...]
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 be supervised by the … [Read more...]
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 the 33rd … [Read more...]
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 US $ 2.973 billion. This … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 as the global south’s … [Read more...]
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 … [Read more...]
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 of the … [Read more...]
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 the … [Read more...]
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 issues … [Read more...]
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 … [Read more...]
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 Chamber of … [Read more...]
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 consultations, the … [Read more...]
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 Türkiye fully … [Read more...]
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, our farmers completed the sowing … [Read more...]
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 climate and conditions for … [Read more...]