Economy
Deals worth over US$2.2 million were concluded at the SCRMET
16.06.2025Last week, 48 deals worth over US$2.2 million and 1.1 billion manats were made at the State Commodity and Raw Materials Exchange of Turkmenistan. The main buyers were entrepreneurs from the UAE, Turkey, Afghanistan, and Kyrgyzstan, as well as companies from Turkmenistan. This was reported by IIC. Foreign businessmen purchased petrochemical products, including base oil, petroleum bitumen (produced by the ‘Türkmennebit’ State Concern) and liquefied gas (from the ‘Türkmenhimiýa’ State Concern). In addition, there was significant demand for textiles – terry products, cotton fabrics and yarn, with the total volume of export transactions exceeding $2.28 million. Local companies actively purchased polypropylene, petroleum coke, technical carbon, iodine and potassium chloride. Cotton fibre, denim fabric and licorice root extract were also sold, with the total turnover of domestic transactions amounting to 1.13 billion manat. These results confirm the steady demand for Turkmen petrochemical and textile products on both international and domestic markets.
‘Balkan’ cement plant strengthens Turkmenistan's economy
16.06.2025The ‘Balkan’ cement plant, owned by the Ministry of Industry and Construction of Turkmenistan, is an example of the dynamic development of the country's national economy. This was reported by the news agency ‘Turkmenistan: Golden age’. The plant is located near the city of Balkanabat and covers an area of 50 hectares. Hundreds of specialists work here in several shifts. Three four-storey buildings have been constructed on the factory premises to provide comfortable living and working conditions for employees. Production processes at the factory are fully automated. The coordinated work of all departments, from the garage to the control centres, ensures a stable output of construction materials. Products are regularly delivered to sites throughout the country. Since the beginning of the year, the plant has produced and shipped more than 403,000 tonnes of cement, increasing volumes by 29%. The raw materials used — limestone, clay, sand, gypsum and ore — are extracted within the Balkan velayat, which speeds up production and reduces its cost.
The Ashgabat Forum contributed to increasing the country's production capacity
16.06.2025The international exhibition ‘White City Ashgabat’ became a landmark event demonstrating the technological potential of Turkmenistan. During the forum, important agreements were reached that will determine the country's development vector for the coming years. This was reported by the online publication ‘Turkmenistan: Golden age’. The innovative developments of the ‘Aýdyň gijeler’ enterprise, including the latest solar lanterns and modern electrical engineering solutions, deserve special attention. These achievements were made possible by the consistent policy of technological modernisation pursued under the leadership of President Serdar Berdimuhamedov. The signing of a series of strategic agreements with leading Chinese technology companies was the central element of the forum. These documents open up new prospects for the digitalisation of education, the development of the lighting industry and the organisation of computer equipment production. The partnership in the field of artificial intelligence and server solutions was particularly significant. Experts note that the forum not only strengthened Turkmenistan's international cooperation but also clearly demonstrated the country's readiness to actively participate in global technological processes. The agreements signed create a solid foundation for transforming Turkmenistan into a regional centre for innovation and high technology.
Turkmenistan, Uzbekistan and Iran strengthen transport and logistics partnership
16.06.2025At the 82nd meeting of the CIS Council on Railway Transport, trilateral talks were held between the Heads of the railway administrations of Uzbekistan, Turkmenistan and Iran. The main topic was the development of the international transport corridor ‘Uzbekistan-Turkmenistan-Iran’, which opens up new opportunities for freight transport to Europe. This was reported by the online publication TerraNews. The participants discussed specific measures to increase freight traffic and optimise logistics processes. The talks resulted in the signing of a protocol confirming further cooperation between the parties. Experts noted the growing role of Central Asia in the formation of alternative transport routes between Asia and Europe. Thanks to their favourable geographical location, the countries of the region are becoming an important transit hub in international supply chains, connecting China and other Asian countries with the markets of the European Union.
On Saturday, deals worth over 987 million manats were signed on the SCRMET
16.06.2025On Saturday, 14 June, the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) held a trading session, which resulted in a total volume of transactions amounting to 987 million 278 thousand 565 manats. According to the exchange's press service, participants in the auction showed particular interest in several key commodity items. This was reported by the online publication ‘Business Turkmenistan’. On the domestic market, local entrepreneurs actively purchased road bitumen of the ‘BND 60/90’ brand, technical iodine of the highest category ‘A’, technical carbon of the ‘Y-354’ brand and high-quality fine-grained potassium chloride. These materials are in steady demand among Turkmen industrial enterprises and construction companies. Representatives of Turkish business circles concluded a deal to purchase BND 60/90 petroleum road bitumen worth 440,000 US dollars. A total of 16 deals were concluded during Saturday's trading. At the end of the week, the exchange turnover amounted to 2 million 283 thousand 790 US dollars and 1 billion 139 million 682 thousand 165 manats.
The Cabinet of Ministers of Turkmenistan presented a report on the work of the ‘Türkmenhimiýa’ concern
15.06.2025At a meeting of the Cabinet of Ministers of Turkmenistan held on 13 June, Deputy Prime Minister B. Annamammedov presented a report on the activities of the enterprises of the State Concern ‘Türkmenhimiýa’. This was reported by TDH. According to the report, steps are currently being taken to ensure the stable and uninterrupted operation of chemical production facilities. President of Turkmenistan Serdar Berdimuhamedov emphasised the importance of the efficient operation of mineral fertiliser plants, as well as the importance of timely supply of products to the agricultural sector. The Head of the industry has been instructed to continue modernising the production infrastructure and ensure full utilisation of the enterprises' capacities.
The total value of transactions on the Turkmenistan SCRMET amounted to approximately 987 million manats
15.06.2025At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) held on 14 June, 16 deals were concluded for a total amount of 987 million 278 thousand 565 manats. This was reported by the press service of the SCRMET of Turkmenistan. As part of domestic trading, Turkmen entrepreneurs purchased a number of industrial goods, including road bitumen grade ‘BND 60/90’, technical iodine grade ‘A’, technical carbon grade ‘Y-354’ and fine-grained potassium chloride. Representatives of Turkish business circles purchased oil road bitumen of the same brand worth 440 thousand US dollars.
Turkmenistan implements gasification programme in Dashoguz velayat
15.06.2025Gas workers from the ‘Saparmyrat Türkmenbaşyetrapgaz’ administration successfully fulfilled their plan for the first five months of the year, ensuring a stable supply of natural gas to residents and organisations in the western part of Dashoguz velayat. This was reported by the news website Asmannews. Active gasification of new houses and social facilities continues both in the centre of the district and in rural areas. Since the beginning of the year, natural gas has become available to many families. Currently, about 22,000 households use natural gas, and over 250 use liquefied gas. With the expansion of the network, the number of liquefied gas consumers is decreasing. Repairs to the main pipelines are also being carried out and a digital metering system is being introduced to enable more efficient use of resources. More than 2,450 km of gas pipelines and 714 distribution units are under management. Internal gas supply systems in homes are being inspected on a regular basis.
The Turkmenbashi Oil Refinery in Turkmenistan is undergoing modernization
14.06.2025Deputy Chairman of the Cabinet of Ministers Batyr Amanov reported on the work of the fuel and energy complex, including the State Concern ‘Türkmennebit’, during a government meeting on 13 June. This was reported by the state news agency TDH. In particular, the automated system of the Turkmenbashi Oil Refinery Complex is being modernised to ensure its stable operation. The Deputy Prime Minister submitted a corresponding proposal to the President. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov noted the importance of increasing oil production and complying with environmental standards. Approving the initiative, the Head of State instructed B. Amanov to take specific measures to ensure the reliable operation of the complex.
The Embassy of Turkmenistan discussed the development of economic ties with Malaysia
14.06.2025On 12 June, a meeting with representatives of the Malaysian Consortium of Medium-Sized Enterprises was held at the Embassy of Turkmenistan in Malaysia. The talks were attended by the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Malaysia, Muhammetniyaz Mashalov, President of the Malaysian Consortium of Medium-Sized Enterprises Martin Ang, as well as heads and representatives of Malaysian companies such as ‘Intelligent PIE Consulting Sdn Bhd’ and ‘Marrybrown’, according to the Ministry of Foreign Affairs of Turkmenistan. Particular attention was paid to strengthening trade and economic cooperation and finding new areas for interaction. Malaysian companies presented information about their activities and products, expressing interest in establishing business ties with Turkmen partners and entering the domestic market of Turkmenistan. The Turkmen ambassador emphasised the high potential for developing mutually beneficial cooperation between the business communities of the two countries. At the end of the meeting, the parties confirmed their desire to further develop their partnership.
Le.Travel presents Turkmen tourism at an international exhibition
14.06.2025As part of the ‘TurkmenTextile Expo – 2025’ international exhibition, held at the Ashgabat Expo Centre, the travel company Le.Travel is presenting itineraries for travel enthusiasts. At the agency's stand, visitors can find a wide selection of tours in Turkmenistan and popular foreign destinations. This was reported by the online publication TerraNews. Visitors to the exhibition are invited to consider various travel options: from cultural and historical routes through the country's ancient cities to pilgrimage trips and excursion programmes. Special emphasis is placed on showcasing the national colour: the stand features traditional household items, decorative and applied arts and souvenirs reflecting the centuries-old culture of the Turkmen people. The company provides comprehensive services, including the organisation of individual and group tours, visa support, airline ticket reservations and assistance at all stages of the trip. The travel agency's participation in ‘TurkmenTextile Expo – 2025’ contributes to the promotion of Turkmen tourism on the international stage.
Winter crops harvesting has begun in the Dashoguz velayat on the fields of the ‘Aksaray’ association
14.06.2025The winter crop harvest in Dashoguz velayat began this year in the ‘Aksaray’ dayhan association in the Gorogly district. The first wheat ears were cut on the field of tenant Nurgeldi Esenov, who grew the crop on 12 hectares. This was reported by the news agency ‘Turkmenistan: Golden age’. Aksaray is not the first to receive this right year after year — the association consistently shows high results, and this season local farmers plan to harvest at least 19 centners of grain per hectare. According to experts, the velayat has produced a high-quality harvest thanks to wheat varieties adapted to the local climate — ‘Juvan’, ‘Sahrayi’, ‘Batko’, ‘Alekseyevich’ and ‘Bezostaya-100’. To ensure a successful harvest in the region, 315 modern John Deere and CLAAS grain harvesters are being used. More than 1,500 vehicles equipped with everything necessary for uninterrupted work will be involved in transporting the harvest.
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