President of Turkmenistan held extended session of the Cabinet of Minsiters where outcomes of social and economic development of the country for the last year have been discussed as well as personnel issues have been reviewed.  Members of the State Security Council, Leaders of the Mejlis, ministries and departments, administrations of cities, velayats and etraps, universities, mass media and other have been invited to the session.  Having announced the agenda, the Head of the State gave fl...

Total volume growth of trade turnover for the period under review by the Ministry of Trade and Foreign Economic Relations was 10.1 percent.  The State Commodity and Raw Material Exchange held 249 trade session and made 26,374 contracts for this period. Total volume of income increased by 23.4 percent.  Service growth rate by the Trade and Industrial Chamber was 48.7 percent, profit growth rate – 54.2 percent and growth of total income was 107.3 percent. 24 exhibitions and 26 conferences we...

The ministries and departments of industrial and communication complexes fulfilled the plan of production and services by 108.7 percent with the growth rate of 117.7 percent by the outcomes of 2018. Vice-premier M. Chakiyev has informed the Head of the State about the outcomes of development of these branches in the last year at extended session of the Government on February 1.  Production growth rate of cotton yarn of the Ministry of Textile Industry was on 115.9 percent level, cotton fabric...

The President of Turkmenistan approved the Programme of social and economic development of the country in 2019 – 2025 at the extended session of the Government on February 1. It was mentioned in this regard, that the model of the development of national economy in next seven years proposed by the Government includes number of strategic directions.  First, structural reformation of industrial sectors and service sphere is planned. Paying special attention to support of high technology producti...

By the outcomes of 2018, the growth rate of the GDP was 6.2 percent. Production export volumes to foreign countries exceeded 11,200,000,000 US dollars.  Amounts of salary wages, pensions and state allowances have been increased. 1,704 facilities to total amount of 10 billion US dollars have been built and put into operation.  The production growth rates are 5 percent higher by the outcomes of the last year comparing with 2017.  The volume of drawn investments from all sources of financi...

Meetings on the key directions of activity in near future were held in Türkmendeňizderýaýollary» and «Türkmensenagat» agencies of the Ministry of Industry and Communication.  At recent session with the members of the Cabinet of Ministers, President Gurbanguly Berdimuhamedov outlined number of current objectives, which are to provide stable development of the country, to keep and improve stable growth of national economy and to consolidate the efficiency of work, Important decisions aimed at t...

Fruitful cooperation under the development of banking sphere and private sector in Turkmenistan, which have received the development due to the initiatives of President Gurbanguly Berdimuhamedov, was noted at the meeting with the delegation of the European Bank for Reconstruction and Development chaired by the EBRD Managing Director for Central Asia Bruno Balvanera in the Foreign Ministry. Discussing the prospects of joint work of Turkmenistan and the European Bank for Construction and Develo...