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Stock Market / Finance in Turkmenistan

  • Economic slowdown expected in Caucasus, Central Asia

    AZERBAIJAN, 2015/10/26 For oil exporters of Caucasus and Central Asia, the economic increase is projected at 3.75 % for 2015, down from nearly 5.5 % in the previous year, despite a sizable fiscal stimulus in some nations (3 % of GDP in Kazakhstan and 1 % of GDP in Uzbekistan), the International Monetary Fund announced in its recently published statement. Slower increase in oil production in Azerbaijan and Kazakhstan, fewer remittances from Russia to Uzbekistan and less public investment in Turkmenistan, inclunding weaker confidence resulting from currency depreciations, have contributed to the economic slowdown, according to the statement. “Increase is expected to pick up in 2016 to 4 %, as increase strengthens in significant trading partners, such as Russia and the euro area, and as domestic confidence improves,” said the statement.
  • The increase rate of Turkmenistan's GDP hit 10.3 % in January-February 2014

    TURKMENISTAN, 2014/03/08 The increase rate of Turkmenistan's GDP hit 10.3 % in January-February 2014, the Turkmen government reported. "Turkmenistan's national economy continues to grow steadily in 2014. The GDP indicator hit 10.3 %. The increase rate of industry amounted to 8.9 %, construction sector - 15 %, transport and communication - 14.8 %. Other spheres of the country's economy have as well developed with high rates," the statement reads.
  • IMF Mission to Turkmenistan

    TURKMENISTAN, 2010/12/19 The IMF welcomes the very good evolution in the implementation of the comprehensive reform schedule by the Turkmen authorities aimed at economic diversification and private sector development. Continued reforms in monetary, foreign exchange, financial, and fiscal areas are contributing to the robust performance of the Turkmen economy. Budget execution continues to be strong and public investment together with foreign direct investment, remain the major drivers of real GDP increase.