Tariq Saeedi Have you ever noticed how you're more likely to strike up a friendship with the person sitting next to you in class or the neighbor across the street than someone halfway across the world? It's not just coincidence—it's this fascinating idea called the ‘Law of Proximity’ from social psychology. Basically, it boils down to the fact that physical closeness … [Read more...]
Turkmenistan Economic Days in Frankfurt: New Opportunities for European Investors
The Turkmenistan Economy Days forum is set to take place very soon in Frankfurt am Main, opening up broad horizons for European businesspeople in terms of investment and partnership opportunities. Participants will be introduced to the key areas of the country’s economic development: At the Cabinet of Ministers’ digital meeting on 17 October, President Serdar … [Read more...]
World Bank: Europe and Central Asia Must Invest in Jobs to Drive Growth
Economic growth in Europe and Central Asia has slowed but the region remains resilient despite ongoing global and regional challenges, according to a World Bank press release issued on October 7, 2025. Regional GDP is expected to grow by 2.4 percent in real terms this year, down from 3.7 percent in 2024. The slowdown is primarily driven by a weaker pace of expansion in … [Read more...]
President of Turkmenistan Participates in joint Turkmen-Italian Business Forum
nCa Report President Serdar Berdimuhamedov of Turkmenistan made an official visit to Italy, and during his trip, a major business forum was held in Rome that brought together business representatives from both countries. The event was seen as an important milestone in strengthening the trade, economic, and investment relationship between Turkmenistan and Italy. Giorgio … [Read more...]
Speaker of Turkmenistan Parliament visits Moscow: Gulmanova and Matviyenko discuss strategic partnership and sign inter-parliamentary agreement
On 21 October 2025, Chairwoman of the Mejlis of Turkmenistan, Dunyagozel Gulmanova, met with Chairperson of the Federation Council of the Federal Assembly, Valentina Matviyenko, as part of an official visit to Moscow. During the meeting, the Speaker of the Federation Council stated that Dunyagozel Gulmanova’s visit to Moscow is of particular importance. "This is your first … [Read more...]
President of Turkmenistan Receives Deputy Prime Minister of Kazakhstan: Focus on Trade, Economic, and Transport Cooperation
On 17 October 2025, President Serdar Berdimuhamedov received Galymzhan Koishybayev, Deputy Prime Minister and Head of the Government Office of the Republic of Kazakhstan. At the beginning of the meeting, Koishybayev conveyed greetings from President Kassym-Jomart Tokayev of Kazakhstan to the President of Turkmenistan and the National Leader of the Turkmen people. In turn, … [Read more...]
Uzbekistan and Belgium: Toward a New Stage of Strategic Partnership with the European Union
Obid Khakimov, Director of the Center for Economic Research and Reforms (Uzbekistan) In October, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, will pay a visit to the Kingdom of Belgium, during which important decisions are expected to be made that will mark a qualitatively new stage in relations between Uzbekistan and the European Union. In particular, … [Read more...]
Turkmen-Russian Intergovernmental Commission Meeting in Ashgabat: Focus on Trade, Transport, and Education
The meeting of the Turkmen-Russian Intergovernmental Commission on Economic Cooperation took place in Ashgabat. The commission was co-chaired by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev, responsible for the trade sector, and Deputy Chairman of the Government of the Russian Federation Marat Khusnullin. “Our cooperation rests on a … [Read more...]
Malaysia Celebrates 68th National Day in Ashgabat, Highlights Strong Ties with Turkmenistan
The Ambassador of Malaysia in Turkmenistan Mohd Suhaimi Ahmad Tajuddin hosted a grand reception in Ashgabat to commemorate Malaysia’s 68th National Day, with a strong emphasis on the deepening relationship between Malaysia and Turkmenistan. The chief guest from the Government of Turkmenistan was Deputy Prime Ministry Batyr Amanov, in charge of oil and gas sector. In his … [Read more...]
The Minister of Foreign and European Affairs of Croatia is on a visit to Ashgabat
Minister of Foreign and European Affairs of Croatia Gordan Grlić-Radman, is on a visit to Turkmenistan on 7-8 October 2025. The purpose of the visit is to strengthen economic relations, with a special focus on cooperation in the energy sector. During the visit, the Minister met with the President of Turkmenistan, Minister of Foreign Affairs and Speaker of the Mejlis. The … [Read more...]
Vast Potential of Partnership between Turkmenistan and Malaysia
nCa Report The prospects for cooperation between Turkmenistan and Malaysia look promising, with a solid foundation in energy and growing opportunities in trade, education, tourism, and other sectors. Recent developments, such as the restructuring of the Petronas Production Sharing Agreement (PSA) in the Caspian Sea and a surge in bilateral trade, suggest potential for … [Read more...]
Turkmenistan and Italy to Hold Business Forum in Rome
On 6 October 2025, in Rome, Ambassador of Turkmenistan Toyly Komekov met with Adolfo Urso, Italy’s Minister for Enterprises and “Made in Italy” Products. The two discussed prospects for bilateral cooperation in strategically important sectors such as critical raw materials, the space industry, energy, and investments aimed at developing the business environment in both … [Read more...]
OTS under chairmanship of Kyrgyzstan: New initiatives and directions of integration
Ambassador Kubanychbek Omuraliev, Secretary General of the Organization of Turkic States In recent years, the Organization of Turkic States (OTS) has firmly established itself as one of the most dynamic regional associations in the world. Today, the Member States cooperate in more than 40 areas, ranging from foreign policy, trade, and energy to digital integration, green … [Read more...]
Mini and Micro Investments and Other Instruments for Self-Reliance
Tariq Saeedi In the quest for economic advancement, developing countries often turn to foreign investments that must eventually be repaid, like loans for critical infrastructure and growth initiatives. These inflows can spark progress, but they frequently come with terms that subtly influence national policies, potentially eroding economic autonomy and the freedom to … [Read more...]
UAE-Turkmenistan Business Forum in Sharjah Discussed Energy, Logistics, and Infrastructure
The 2nd UAE-Turkmenistan Business Forum, organized by the UAE Federation of Chambers of Commerce and Industry, was held at the Sharjah Chamber of Commerce and Industry (SCCI). The event, hosted at the SCCI headquarters, focused on developing economic cooperation, attracting investment in priority sectors, and strengthening strategic partnerships between the business communities … [Read more...]
Germany and Turkmenistan: 35th Anniversary of German Unity Serves as an Occasion to Review Bilateral Partnership and Future Plans
On 3 October 2025, Ashgabat hosted a solemn celebration of the Day of German Unity, marking the 35th anniversary of Germany’s reunification. The event was hosted by the Ambassador of Germany to Turkmenistan, Bernd Heinze. The chief guest from the Turkmenistan government was Deputy Prime Minister overseeing the trade sector, Nokerguly Atagulyev. In his speech, Ambassador … [Read more...]
Landlocked in Oil: Geographic Barriers, Pricing Discounts, and the Quest for Fair Play in Global Markets
nCa-AI Collaborative Report Landlocked oil-producing countries encounter significant hurdles when competing with their coastal counterparts, primarily due to elevated transportation expenses and reliance on neighboring nations for export routes. Research suggests these nations often sell their crude at a discount to remain competitive, with the reduction typically … [Read more...]
ADB Cuts Developing Asia Growth Outlook Amid Trade Tensions, But Central Asia Stays Robust
The Asian Development Bank (ADB) is trimming its growth outlook for developing Asia and the Pacific by 0.1 and 0.2 percentage points for this year and next, respectively, amid the emergence of a new global trade environment, shaped by tariffs and updated trade agreements. Economies in the region are projected to grow by 4.8% this year and 4.5% next year, according … [Read more...]
Turkmenistan to Showcase Economic Potential at Major Frankfurt Business Event
From 30 to 31 October 2025, a major business event entitled the Day of Turkmenistan’s Economy will be held in Frankfurt am Main. The primary objective of this event is to foster the development of partnership relations and to deepen trade and economic cooperation between Turkmenistan, the countries of the European Union, and other states around the world. The event is … [Read more...]
EBRD gives positive outlook for Central Asian economies
Anton Usov The European Bank for Reconstruction and Development (EBRD) expects the Central Asian economies of Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan and Uzbekistan to grow by 6.1 per cent on average in 2025, according to its latest Regional Economic Prospects report. This solid growth is supported by strong industrial output, robust domestic … [Read more...]
Presidents of Turkmenistan and Austria discussed bilateral economic partnership
In New York, President of Turkmenistan Serdar Berdimuhamedov met with the Federal President of the Republic of Austria, Alexander Van der Bellen. As noted during the meeting, Austria is one of Turkmenistan’s long-standing and important partners in the European region. Currently, Turkmenistan and Austria successfully cooperate not only bilaterally but also in a multilateral … [Read more...]
Turkmenistan-Pakistan Relations – Beyond Platitudes: Credible Partnership – Strategic Goals
Dr Faryal Leghari, Pakistan’s Ambassador to Turkmenistan As Turkmenistan celebrates its 34th Independence this year, it would also be celebrating its 30th Anniversary of Permanent Neutrality in December. Significantly, it was in Pakistan’s capital Islamabad, that Turkmenistan proposed its policy of Neutrality at the ECO Summit in 1995. It is an opportune time to pause and … [Read more...]
Presidents of Uzbekistan and Turkmenistan Discuss Expansion of Strategic Partnership
On 22 September 2025, a telephone conversation took place between the President of Turkmenistan, Serdar Berdimuhamedov, and the President of Uzbekistan, Shavkat Mirziyoyev. According to the press service of the President of Uzbekistan, at the beginning of the conversation, Shavkat Mirziyoyev warmly congratulated Serdar Berdimuhamedov on his birthday, wishing him good health, … [Read more...]
“Turkmenistan–Pakistan: Reliable Partnership – Strategic Goals” – Ambassador Leghari reflects on the potential of bilateral cooperation
In an era of global challenges and rapid transformation of the international order, bilateral relations between states acquire particular strategic significance. Turkmenistan and Pakistan, united by shared historical roots, geographical proximity, and mutual respect, exemplify a reliable partnership that goes beyond traditional diplomatic engagement. An article by Dr. Faryal … [Read more...]
TIF 2025: Mizuho Bank Strengthens Partnership with Turkmenistan
At the Turkmenistan Investment Forum held on September 18–19 in Awaza, Kenichiro Yamamoto, Head of the Project Finance Department at Mizuho Bank, reaffirmed the Japanese financial giant’s commitment to deepening cooperation with Turkmenistan. In his remarks, Yamamoto highlighted the two countries’ long-standing economic partnership and outlined Mizuho’s role in supporting … [Read more...]
Lavrov Outlines Priorities for Russia’s Economic Cooperation with Central Asia
Russia's aggregate trade turnover with Central Asian countries exceeds $45 billion per year. This was stated by Russian Foreign Minister Sergey Lavrov during a session of the Business Council under the Russian Foreign Ministry, where key areas of interaction with Central Asian states and measures to support Russian companies in foreign markets were discussed. According to … [Read more...]
Armenian-Turkmen Cooperation is Developing in Multiple Directions, says Ambassador of Armenia to Turkmenistan
Armenian-Turkmen cooperation is developing in multiple directions, including energy, trade, culture, and education. This was stated by the Ambassador of Armenia to Turkmenistan, Arsen Avagyan, in his article published in the newspaper ‘Neutral Turkmenistan.’ Here are several key facts highlighted in the article: • In 2025, the tenth meeting of the Intergovernmental … [Read more...]
Speech by President of Turkmenistan Serdar Berdimuhamedov at the People’s Council session on 19 September 2025
Dear compatriots! Dear participants of the meeting of the Halk Maslakhaty! Today, in the era of the Renaissance of a new era of a powerful state, we celebrate our country's main holiday – Turkmenistan Independence Day – with glorious accomplishments and labor achievements. I heartily congratulate you and your people on the 34th anniversary of your sacred independence! … [Read more...]
TIF 2025: Private Sector Share in Turkmenistan’s Economy Rises to 72.8% in 2024
Elvira Kadyrova and Ravilya Kadyrova Awaza, 19 September 2025 – In 2024, the share of the private sector in Turkmenistan’s economy—excluding the fuel and energy complex—reached 72.8%, marking a 1.5 percentage point increase compared to 2023. This was announced by Perkhat Yagshiev, Deputy Minister of Finance and Economy of Turkmenistan, during the Turkmenistan Investment … [Read more...]
TIF 2025: Turkmenistan Strengthens Its Position in the Global Market — Foreign Trade Turnover Exceeds $19.7 Billion in 2024
Avaza, 19 September 2025 — At the sixth session of the Turkmenistan Investment Forum (TIF 2025), held under the theme “Strengthening Institutional Foundations of Trade: Access into New Trade Markets,” Deputy Minister of Finance and Economy of Turkmenistan, Bekmurat Allakbayev, presented key indicators of the country’s foreign economic activity. According to the Ministry of … [Read more...]
Turkmenistan Investment Forum Opens, Highlighting Strategic Economic Vision
AWAZA, Turkmenistan – September 18, 2025 – The Turkmenistan Investment Forum (TIF 2025) officially opened today in the National tourist zone "Awaza," welcoming over 800 international and local delegates to explore the country's investment landscape. The forum began with a high-level plenary session titled "Investment Attractiveness of Turkmenistan as a Factor of Strategic … [Read more...]
Turkmenistan Attracts Investment and Strengthens Economy: GDP Exceeds $68.7 Billion in 2024
Elvira Kadyrova AWAZA, 18 September 2025 — At the Turkmenistan Investment Forum TIF 2025 in the Awaza National Tourism Zone, Minister of Finance and Economy Mammetguly Astangulov presented key achievements and prospects for the country’s economic development. In his speech, he highlighted successes in implementing an industrial-innovative economic model focused on … [Read more...]
President of Turkmenistan Congratulates Participants of the TIF 2025 Investment Forum in Awaza
President of Turkmenistan Serdar Berdimuhamedov addressed a congratulatory message to the participants of the Turkmenistan Investment Forum (TIF 2025), which opened in the National Tourist Zone “Awaza” on the eve of the 34th anniversary of the country’s independence. In his address, the head of state emphasized that the forum plays a pivotal role in enhancing Turkmenistan’s … [Read more...]
Second Ministerial Dialogue “Central Asia + Japan” on Economy and Energy Held in Tokyo
On 16 September 2025, the Second Ministerial Dialogue on Economy and Energy in the “Central Asia + Japan” format took place in Tokyo, chaired by Japan’s Minister of Economy, Trade and Industry, Yoji Muto. The meeting brought together high-level representatives from Central Asian countries and Japan: - Yoji Muto, Minister of Economy, Trade and Industry of Japan; - … [Read more...]
Turkmenistan Showcases Sustainable Development Achievements at Almaty Forum
From 3 to 5 September 2025, the Ninth Multilateral Forum of North and Central Asia on the Implementation of Sustainable Development Goals (SDGs) and the preparation of Voluntary National Reviews (VNRs) was held in Almaty, Kazakhstan. The event was organized by the Sub-Regional Office of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), as … [Read more...]
Turkmenistan: Labor Market on the Rise, Private Sector Drives Employment
Turkmenistan is demonstrating steady progress in the field of employment, as evidenced by data from the Department of Labor Resources and Employment of the Ministry of Labor and Social Protection. Currently, the working-age population accounts for 98.5% of the country’s total labor resources, with an average annual growth rate of labor resources maintained at 1.0%. These … [Read more...]
EDB and India Exim Bank Analyze Trade and Investment Relations Between India and Central Asia
Mutual trade between India and Central Asian countries has grown from $500 million in 2010 to $1.7 billion, following an upward trajectory. This is highlighted in an analytical report titled “Exploring Trade and Investment Relations between India and Central Asia: Unlocking Economic Benefits.” The report was jointly prepared by the Eurasian Development Bank (EABR) and the … [Read more...]
Baherden Ceramic Products Plant – Flagship of Turkmenistan’s Construction Industry
Eziz Doganlar H.J., a private economic society and a member of the Union of Industrialists and Entrepreneurs of Turkmenistan, will be a Gold Sponsor of the Turkmenistan Investment Forum (TIF 2025), which will take place on September 18–19, 2025, at the Conference Center of the Avaza Sports Complex, Avaza resort area, Caspian Sea coast (Turkmenbashi city). The Forum, organized … [Read more...]
3rd EU-Central Asia Economic Forum to take place in Uzbekistan in November
The third EU-Central Asia Economic Forum will take place in Tashkent, Uzbekistan, on 26 November 2025, according to the website of the European Commission’s Directorate-General for International Partnerships. Building on the two previous iterations of the EU-Central Asia Economic Forum, held in 2021in Bishkek and 2023 in Almaty, and organised in partnership with the … [Read more...]
New Glass Production Facility Launched in Turkmenistan
On 8 September 2025, a new glass production workshop was inaugurated at an industrial complex in the northern part of Ashgabat. President Serdar Berdimuhamedov led the opening ceremony. The new facility has a daily production capacity of 100 tons. The workshop belongs to the ‘Turkmen aýna öñümleri’ [Turkmen glass products] factory and was built by the private company … [Read more...]
“Great Stone” Industrial Park in Minsk Could Become a Platform for Turkmen-Belarusian Cooperation
The possibilities for expanding trade and economic cooperation between Turkmenistan and Belarus were discussed during a meeting between Turkmenistan’s Ambassador Nazarguly Shagulyev and the management of the “Great Stone” Industrial Park, located near Minsk. During the visit, the parties explored the potential of using the park’s platform to attract investments and … [Read more...]
The President of Turkmenistan and the head of JBIC discussed the expansion of partnership
On 5 September 2025, President of Turkmenistan Serdar Berdimuhamedov held a meeting with Kazuhiko Amakawa, Deputy President of the Japan Bank for International Cooperation (JBIC). During the talks, the parties discussed prospects for further deepening economic cooperation between Turkmenistan and Japan. Kazuhiko Amakawa highly appreciated Turkmenistan's achievements in … [Read more...]
Central Asia and Gulf Countries Strengthen Trade Partnership: Turnover Surges Fourfold to $3.3 Billion
In a significant milestone for regional economic cooperation, trade between Central Asia and the Gulf Cooperation Council (GCC) countries has seen remarkable growth, reaching $3.3 billion in 2024, according to the Eurasian Development Bank (EDB). This represents a 4.2-fold increase compared to 2020, underscoring the deepening economic ties between the two regions. The GCC … [Read more...]
Turkmenistan’s Private Sector implemented $28 Billion in Projects, created 425,000 Jobs
Turkmenistan's private companies have implemented more than 5,000 projects valued at over $28 billion, creating around 425,000 jobs. This was announced by the National Leader of the Turkmen people and Chairman of the Halk Maslahaty Gurbanguly Berdimuhamedov during the opening of the International University of Industrialists and Entrepreneurs in Ashgabat on 1 … [Read more...]
Turkmenistan–China: towards strengthening friendship and cooperation
Serdar Berdimuhamedov, President of Turkmenistan. People's Daily Newspaper Dear Chinese friends! I am deeply grateful to the leadership of the People's Daily for their initiative to publish this article ahead of the Turkmenistan delegation’s visit to the People’s Republic of China. I welcomed this opportunity with enthusiasm, as it allows me to address the vast readership … [Read more...]
South Korean companies implemented multi-billion dollar gas chemical projects in Turkmenistan
On 29 August 2025, President of Turkmenistan Serdar Berdimuhamedov and President of the Republic of Korea Lee Jae Myung had a telephone conversation, TDH reports. President Lee Jae Myung stressed the great importance attached in the Republic of Korea to building up multifaceted cooperation with Turkmenistan. He noted the significant contribution of the National Leader of the … [Read more...]
TIF 2025 Welcomes Turkmen Delegates with an exclusive offer
Ashgabat, 29 August 2025 – The Turkmenistan Investment Forum 2025 (TIF 2025), a key platform for investment attraction and business development, announces a special offer for Turkmen participants. Only until September 4, 2025, legal entities and Turkmen entrepreneurs can register at reduced prices, saving up to 3000 TMT! Special registration conditions - Legal entities: … [Read more...]
Kazakhstan and Turkmenistan Strengthen Interregional Ties
A delegation from Turkmenistan's Balkan province, led by the governor Khojamyrat Ashirmyradov, paid a visit to Kazakhstan's Mangystau region. During the visit, a meeting was held on 28 August with the Akim (governor) of the region, Nurdaulet Kilybay. According to the press service of the Akim of the Mangystau region, the parties discussed the Strategic Partnership … [Read more...]
Turkmenistan and Russia Foreign Ministers-Level Talks in Moscow to Strengthen Strategic Partnership
Russia and Turkmenistan emphasized the alignment of their positions on the international stage and expressed a mutual commitment to intensifying joint projects in the fields of transport, infrastructure, and energy. On August 28, 2025, a meeting took place in Moscow between Turkmenistan’s Foreign Minister Rashid Meredov and Russian Foreign Minister Sergey Lavrov, according … [Read more...]
Roadmap to Boost Trade: How Bishkek and Astana Strengthen Economic Ties
On 22 August 2025, during the official visit of President of the Republic of Kazakhstan Kassym-Jomart Tokayev to the Kyrgyz Republic and summit talks with President Sadyr Japarov, a series of bilateral documents were signed aimed at further strengthening cooperation between the two countries across various domains, from economy and trade to culture and security. This recent … [Read more...]