Economy in Turkmenistan

  • Central Asian countries, EU eye economic development

    AZERBAIJAN, 2016/10/06 Foreign ministers of the five Central Asian nations and the EU discussed the national and prospects of cooperation with a focus on various aspects of economic development, the press service of the Uzbek Foreign Ministry reported. The ministerial conference “Central Asia-European Union” was held Oct. 4 in Brussels. Foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan took part in the conference.
  • ADB supporting diversification of Turkmen economy

    TURKMENISTAN, 2016/09/23 President of the Asian Development Bank (ADB) Takehiko Nakao met with Turkmenistan’s President Gurbanguly Berdimuhamedov to discuss the country’s development priorities and reiterate support for the government’s efforts to diversify the economy, said the ADB in a message. Nakao’s initial visit to Turkmenistan as well includes meetings with Deputy Chairmen of the Cabinet of Ministers in charge of foreign affairs, economy and finance, hydrocarbon sector, electricity and construction sectors, and the Chairman of the Board of the Central Bank of Turkmenistan and ADB Governor.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Turkmenistan’s economy remains stable to regional market turbulence

    TURKMENISTAN, 2015/04/07 The International Monetary Fund said Turkmenistan’s economy remained resilient to regional market turbulence over the last year, supported by strong hydrocarbon exports and public investment. “Real GDP growth reached 10.3 percent and CPI inflation was contained to an average six percent in 2014 in spite of tariff hikes for utilities and transportation,” the IMF said in a message on April 4. The Fund added that the authorities in Turkmenistan have taken pro-active measures to increase resilience in a difficult external environment.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Turkmen President Gurbanguly Berdimuhamedov

    AZERBAIJAN, 2013/03/23 Turkmen President Gurbanguly Berdimuhamedov has received Deputy Prime Minister of Azerbaijan Elchin Efendiyev, Turkmen TV reported on Thursday. Efendiyev arrived in Ashgabat at the chief of a delegation to participate in the celebration of the international Novruz holiday, celebrated on March 21 in the Turkmen capital at the regional level.
  • Kurdistan's economic growth driven by more than oil

    TURKMENISTAN, 2013/01/29 Kurdistan’s impressive economic increase, estimated at 12 % during 2012, has been driven largely by the country’s oil industry. However, the government’s Regional Development Strategy is betting on additional increase in other sectors, notably housing construction, agriculture and tourism, to maintain the pace of economic development.
  • Turkmenistan, Russia to discuss economic cooperation 2012-08-03

    TURKMENISTAN, 2012/08/03 Turkmenistan, Russia to discuss economic cooperation ;Turkmenistan and Russia and Russia ranks third in Russia via the Central Asia - Centre gas pipeline ;  (CAC) through Kazakhstan. Gazprom (Turkmenistan for 25 years in 2003.
  • Turkmen president to discuss cooperation issues in Switzerland 2012-07-27

    TURKMENISTAN, 2012/07/27
  • Ashgabat, Dushanbe to discuss trade and economic cooperation 2012-07-27

    TURKMENISTAN, 2012/07/27