Konstantin Sabiashvili, Ambassador Extraordinary and Plenipotentiary of Georgia to Turkmenistan This year, on May 26, Georgia celebrates the 33rd anniversary of the restoration of state independence. For centuries, the Georgian people have tirelessly fought for independence and the right to determine their own destiny. As you know, Georgian statehood dates back more than three … [Read more...]
Growing partnership between Kazakhstan and Singapore may become a bridge between Southeast Asia and Central Asia
On 23-24 May 2024, President of Kazakhstan Kassym-Jomart Tokayev paid his first state visit to Singapore, a country that is a strategic partner of Kazakhstan in Southeast Asia. This was the first visit in more than 20 years, but not the first visit for Tokayev personally. He previously served as a young diplomat in Singapore during the 1970s. President Tokayev's visit … [Read more...]
President of Turkmenistan met with the Prime Minister of Kazakhstan
President Serdar Berdimuhamedov of Turkmenistan met with Prime Minister Olzhas Bektenov of Kazakhstan on 24 May 2024. Prime Minister Bektenov was in Turkmenistan for the regular meeting of the Council of Heads of Government of the Commonwealth of Independent States (CIS). The discussion encompassed a broad range of topics of the bilateral relationship. The sides highlighted … [Read more...]
UNDP strengthens national trade capacity of Turkmenistan through digitalization in trade
The United Nations Development Programme (UNDP) and the Ministry of Trade and Foreign Economic Relations of Turkmenistan organized a two-day training titled "Developing Trade in a Competitive Environment and the Role of Digitalization as a Tool for Simplifying Trade Formalities”. The training was held as part of the ongoing joint project on “Strengthening the Trade Capacity of … [Read more...]
Trade and economic cooperation, humanitarian and regional ties under the spotlight at the meeting of Turkmenistan President and Russian Prime Minister
On Friday, 24 May 2024, President of Turkmenistan Serdar Berdimuhamedov received Chairman of the Government of the Russian Federation Mikhail Mishustin. During the meeting, the parties discussed prospects for the development of a wide range of cooperation, including in the economic and humanitarian spheres. "The growth of our trade and economic cooperation continues … [Read more...]
Situation of e-commerce in Central Asia
The Daryo.uz news service of Uzbekistan published on 13 March 2024 a report on the ecommerce situation in Central Asia. Here, we are reproducing the report in full: Central Asian countries consider establishing dedicated bank accounts for e-commerce transactions The e-commerce sector in Central Asia reached a value of $8bn in 2022, as per IMARC Group, a global research and … [Read more...]
Azerbaijan and Tajikistan elevate partnership to strategic level
On 23 May 2024, President of Azerbaijan Ilham Aliyev and President of Tajikistan Emomali Rahmon signed a Declaration on Strategic Partnership between the Republic of Azerbaijan and the Republic of Tajikistan in Baku. " Our interaction rests on the determination of our peoples, who have been cooperating for centuries, have been friends, and have created together. Today, our … [Read more...]
UNDP discussed long-term adaptation activities for the economy of Turkmenistan with key stakeholders
On 15 May 2024, in Ashgabat within the framework of the project “Developing a National Adaptation Planning Process in Turkmenistan” implemented by the United Nations Development Programme (UNDP) with the financial support of the Green Climate Fund (GCF) in cooperation with the Ministry of Environmental Protection of Turkmenistan, the roundtable for presentation of the draft … [Read more...]
Central Asian economies to record strong growth despite natural disasters in the region
Anton Usov According to the latest Regional Economic Prospects (REP) report published by the European Bank for Reconstruction and Development (EBRD), Central Asian economies in 2024 are expected to see growth slowing to 5.4 per cent. However, a rebound to 5.9 per cent is expected in 2025. The report notes that intermediated trade with Russia, which had been a significant … [Read more...]
Russia, Central Asia Boost Trade with National Currencies
Central Asian states conduct a significant portion of their foreign trade with Russia, accounting for 33% of the total volume. This statistic was revealed by Mikhail Galuzin, Russia's Deputy Foreign Minister, during the opening ceremony of the Central Asian Conference held by the Valdai International Discussion Club in Bashkiria (TASS reported). "Russia remains a reliable … [Read more...]
More Diversified Trade Can Make Middle East and Central Asia More Resilient
Jihad Azour Dislocations from the pandemic, geoeconomic fragmentation, and Russia’s war in Ukraine have shifted world trade dynamics. While this has created challenges, the redirection of trade has also generated new opportunities, particularly for the Caucasus and Central Asia. Since the war began, the region’s economies have shown continued resilience and trade activity … [Read more...]
E-Commerce in Turkmenistan turning the corner
The ecosystem of e-commerce in Turkmenistan is turning the corner. Consumer confidence, the central element for success in the digital marketplace, is rising fast. Statista estimates that the volume of ecommerce in Turkmenistan will reach about USD 370 million this year. The projected annual growth is 8.06%, which will bring the trade volume of ecommerce to USD 544 million … [Read more...]
A new cement plant and a water treatment plant launched in Turkmenistan
On Wednesday, 8 May 2024, President Serdar Berdimuhamedov led the inauguration ceremony of new facilities in the Akhal province, including the second stage of the Baherden cement plant with a capacity of 1 million tons per year and a water treatment plant in the village of Yashlyk with a capacity of 30,000 cubic meters of water per day. Baherden Cement Plant Phase II The … [Read more...]
Turkmenistan and Afghanistan Strengthen Trade Ties with New Deals
During a recent visit to Herat, Afghanistan, a business delegation from Turkmenistan signed a series of contracts with Afghan entrepreneurs. The Ministry of Industry and Commerce of Afghanistan reports that ten contracts and two memoranda of understanding were finalized. These deals focus on the supply of building materials like steel rods, paints, marble, and various food … [Read more...]
Turkmenistan and Kazakhstan may expand trade through building materials and industrial products supplies
On 2 May 2024, Turkmenistan Ambassador Batyr Rejepov met with Kanat Sharlapayev, Kazakhstan's Minister of Industry and Construction. Building upon the success of their strategic partnership, trade volume reached $563 million in 2023, reflecting a significant 22.5% increase compared to the previous year (according to Kazakhstan's Ministry of Industry and … [Read more...]
International Islamic Trade Finance Corporation (ITFC) launches landmark Trade Connect Central Asia+ (TCCA+) Program at the 3rd Tashkent International Investment Forum
The International Islamic Trade Finance Corporation (ITFC), member of Islamic Development Bank Group, is delighted to announce the launch of its newest flagship Trade Connect Central Asia+ (TCCA+) Program at the 3rd Tashkent International Investment Forum. The aim of the Program is to facilitate economic growth and regional economic integration amongst the six Organisation … [Read more...]
ICIEC and Turkmenistan discuss issues of cooperation in the energy sector
Chairman of the Board of the State Bank for Foreign Economic Affairs of Turkmenistan and Governor of the Islamic Development Bank from Turkmenistan Rahimberdi Jepbarov held talks in Riyadh with the Director of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Oussama Kaissi. The meeting took place on the sidelines of 2024 IsDB Group Annual … [Read more...]
Iranian Chamber Sees Untapped Potential in Trade with Turkmenistan
The trade turnover between Iran and Turkmenistan stands at US $ 450 million. However, bilateral trade between the two neighboring countries has significant potential. This was stated by the President of the Iranian Chamber of Commerce, Industry, Mines and Agriculture (ICCIMA) Samad Hassanzadeh in Tehran at a meeting on Saturday (27 April) with the Chairman of the Chamber of … [Read more...]
TEIF 2024: Turkmenistan’s liability to foreign creditors NOT exceed 5% of the country’s GDP – Foreign trade totaled at $ 18.99 billion in 2023
To date, the total Turkmenistan's liability to foreign creditors does not exceed 5% of GDP. This was stated by Chairman of the Board, State Bank for Foreign Economic Affairs of Turkmenistan Rakhimberdy Jepbarov, speaking at the International Forum on Attracting Investments in the Energy Sector of Turkmenistan (TEIF 2024) in Paris. Jepbarov also noted that the … [Read more...]
24,000 companies with Russian capital operate in Central Asian countries
At the Innoprom Central Asia exhibition in Tashkent, Russia's Deputy Prime Minister, minister for industry and trade Denis Manturov emphasized the growing economic ties between Russia and Central Asia. He revealed that over 24,000 companies with Russian capital operate in the region, with combined investments exceeding $38 billion. According to the government … [Read more...]
Advanced technologies, “green” energy, construction of “smart” cities – Turkmenistan and Germany explores the potential for future cooperation
On Wednesday, 24 April 2024, the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov met with Executive Director of the Eastern Committee of the German Economy Michael Harms. Arkadag Berdimuhamedov highlighted Germany's significance as a key partner for Turkmenistan within the European Union. The discussion … [Read more...]
IMF cautiously upbeat on economies of Caucasus and Central Asia
“Resilience in the global economy and easing global inflationary pressures are positive developments for economies in the Middle East and Central Asia. Overall growth is projected to strengthen to 2.8 percent in 2024 (from 2.0 percent in 2023) and 4.2 percent in 2025,” says the opening paragraph of the executive summary of the IMF Report ‘Regional Economic Outlook – Middle East … [Read more...]
Kazakhstan and Kyrgyzstan Boost Trade Ties with $300 Million Deal
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 of a … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 (ADO) April 2024, … [Read more...]
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 Rustami Emomali. Before the … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 to Brussels, a number of meetings … [Read more...]
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 discussions at high … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 an … [Read more...]
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 improve the … [Read more...]
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 … [Read more...]
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 … [Read more...]
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 pharmaceuticals, electronic and … [Read more...]
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 … [Read more...]
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 million. A diverse … [Read more...]
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 of an … [Read more...]
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 leading the Afghan delegation. … [Read more...]
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 the construction of a … [Read more...]
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 300 members and includes … [Read more...]
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. During the meeting with Ilicak, … [Read more...]
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 level at the … [Read more...]
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 … [Read more...]