Economy
Turkmen company ‘Durun abat’ has started exporting natural juices
10.06.2025The ‘Durun abat’ economic society, a member of the Union of Industrialists and Entrepreneurs of Turkmenistan, has begun exporting fruit juices under the ‘Rowaç’ and ‘MFT’ brands to Kazakhstan. This was reported by the online publication ‘Business Turkmenistan’. The enterprise is located in the Buzmeyin district of Ashgabat. ‘Rowaç’ and ‘MFT’ juices are made from carrots, beetroot, apples and other fruits using modern European equipment. ‘Our company employs dozens of young specialists who are skilled in working with high-tech production lines. We strive to ensure the high quality and naturalness of our juices, which meet the requirements of our consumers,’ emphasised Murat Allayazov, head of the economic enterprise. In the future, ‘Durun abat’ plans to expand its product range using local raw materials.
Production of school furniture under the ‘Görkana’ brand has started in Turkmenistan
09.06.2025The private enterprise ‘Görkana ak ýol’, a member of the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET), has begun production of school furniture — desks, chairs and tables — under the ‘Görkana’ trademark, using local raw materials. This was reported by the online publication ‘Business Turkmenistan’. Production is located in the industrial zone of the Ak Bugday district of the Ahal velayat. The company employs young specialists, and the equipment was supplied from Turkey and Germany. The plant has the capacity to produce up to 20,000 chairs and 10,000 desks per month. Raw materials are supplied under contracts with the Turkmenbashi Complex of Oil Refineries. The products are intended for the domestic market, but there are plans to export them to neighbouring countries in the future.
Export deals worth $367 million were signed on the Turkmenistan Stock Exchange
09.06.2025Over the past week, export contracts worth a total of US$367.656 million were signed on the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET). This was reported by the online publication ‘Business Turkmenistan’. Buyers from Afghanistan, the United Arab Emirates and Kyrgyzstan purchased lighting kerosene produced by the State Concern ‘Türkmennebit’ for foreign currency. In addition, textiles produced by state-owned enterprises of the Ministry of Textile Industry of Turkmenistan and private Turkmen companies were sold on the exchange. Domestic participants in the auction — entrepreneurs from Turkmenistan — purchased petroleum bitumen and various types of textiles worth 16.97 million manats. A total of 10 exchange transactions were concluded on the SCRMET in a week.
Agreements signed in Turkmenistan to expand the electronics industry
08.06.2025The digital technology and electronics industry is rapidly developing in Turkmenistan. The economic society ‘Aýdyň Gijeler’ has become a leader in this field, demonstrating its achievements at the XXIV International Exhibition ‘White City Ashgabat.’ This was reported by the online news resource TerraNews. The company has signed several major agreements with international partners, marking a new stage in the development of the country's digital industry. The ‘Aýdyň Gijeler’ stand stood out for its innovations: smart traffic lights, energy-efficient lighting, bank and SIM cards, new tablets and an AI robot capable of analysing data in real time. The company signed investment agreements with Chinese corporations, including ‘Inspur Software and Unilumin Group’, as well as agreements on the assembly of computer equipment and LED products. The projects are scheduled to run until 2030 and include the localisation of production and the introduction of new technologies. As a Gold Partner of the conference, ‘Aýdyň Gijeler’ confirmed its leading role in the digital development of Ashgabat and the implementation of the ‘smart city’ concept, contributing to the sustainable development and technological modernisation of Turkmenistan.
A delegation from Ashgabat participated in the Tbilisi Forum on sustainable development
08.06.2025A delegation from the capital's Hakimlik (City Hall) took part in the Tbilisi Regional Forum ‘The Role of Peace in Sustainable Social-Economic Development,’ held on 5-6 June 2025. The event brought together leading experts, government officials and business representatives to discuss pressing issues of modern development. This was reported by IIC. Over the course of two days, forum participants engaged in intensive dialogue on key areas of sustainable development. Particular attention was paid to issues of green energy, digital transformation of the financial sector and the creation of favourable conditions for entrepreneurship. A significant part of the discussions focused on the prospects for introducing the principles of the circular economy and energy-efficient technologies in urban planning. The forum provided a unique opportunity to establish business contacts between representatives of different countries. The participation of the Ashgabat delegation in this prestigious event contributes to strengthening international cooperation and opens up new prospects for the exchange of best practices in the field of sustainable development.
The SPE section at the forum in Ashgabat attracted keen interest from participants
07.06.2025At the TESC 2025 international conference dedicated to the environmental aspects of hydrocarbon field development, SPE Regional Director for Russia and the Caspian Region Alexey Borisenko presented the activities of the Society of Petroleum Engineers. Speaking to the forum participants, he emphasised the key role of this international organisation in overcoming the modern challenges facing the energy sector. This was reported by the online publication ‘Turkmenistan: Golden age’. With a global network of offices from Moscow to Kuala Lumpur, SPE creates a platform for technological progress and professional growth for specialists. Its main areas of work include the exchange of best practices, the implementation of innovative solutions and the development of human resources in the industry. Particular attention is paid to environmental initiatives, from monitoring greenhouse gas emissions to introducing low-carbon technologies. In Turkmenistan, the SPE community brings together about 100 active members, including both experienced professionals and students from the International Oil and Gas University. This interaction between generations creates a favourable environment for knowledge transfer and the development of new skills. As Alexey Borisenko noted, the upcoming industry events in Ashgabat and Baku will open up additional opportunities to showcase the achievements of Turkmen specialists on the international stage. The TESC 2025 conference confirmed SPE's status as a key integrator of the professional community, contributing not only to technological development but also to the formation of a responsible approach to the development of energy resources.
Turkmenistan and the Philippines discussed partnership in the energy sector
07.06.2025On 5 June 2025, a video conference was held between representatives of the state concerns ‘Turkmengaz’, ‘Turkmennebit’ and ‘Turkmenhimiya’ and the Ministry of Energy of the Republic of the Philippines. This was reported by the IIC of Turkmenistan. According to the source, during the meeting, the Philippine side presented an overview of the current situation in the country's energy sector, outlined plans for its modernisation and emphasised the Philippines' interest in expanding international partnerships. Representatives of Turkmenistan's state concerns briefed their counterparts on Turkmenistan's initiatives to develop natural resources, implement large-scale projects in the fuel and energy and chemical industries, and share their experience of cooperation with foreign partners. The parties discussed possible formats for cooperation and identified areas of mutual interest. At the end of the talks, an agreement was reached to continue the dialogue and begin developing specific proposals for further cooperation.
Turkmenistan has begun harvesting winter wheat
07.06.2025The winter wheat harvest has begun in Turkmenistan. The harvesting campaign has already started in the Ahal, Lebap and Mary velayats. Farmers in the Balkan and Dashoguz regions will begin harvesting on 11 June. This was reported by the IIC. At a meeting of the Cabinet of Ministers on 29 May, President Serdar Berdimuhamedov officially announced the start of the harvest, emphasising its strategic importance for the country's food security. This year, it is planned to harvest 1.4 million tonnes of grain from 690,000 hectares of cultivated land. Modern grain harvesters and mobile repair services are being used for the harvest. Particular attention is being paid to logistics, with 24-hour fuel delivery, crop removal and grain quality control organised. This year, harvesting is taking place in fields sown with high-yielding varieties of locally bred wheat (‘Serdar’, ‘Arkadag’, ‘Pyragy’). A landmark event of the campaign was the signing by the President of a Decree raising the purchase prices for wheat and cotton, which should stimulate the further development of the agro-industrial complex.
The agricultural sector of Turkmenistan is showing high growth rates
05.06.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Tangryguly Atahallyev reported on the dynamic development of the country's agricultural sector during a meeting of the Cabinet of Ministers. This was reported by the state news agency TDH. According to the Deputy Prime Minister, the grain harvest has already begun, and the growth rate of the agro-industrial complex in January-May was 113% compared to the same period last year. Investment in agriculture has also been fulfilled — by 311.8%. T. Atahallyev noted that harvesting has begun in the Ahal, Lebap and Mary velayats. In the Balkan and Dashoguz velayats, preparations are actively underway for the start of harvesting, scheduled for 11 June. The Deputy Prime Minister also highlighted the successes of silk producers: over 2,100 tonnes of silkworm cocoons have been harvested across the country, which indicates that contractual obligations have been fully met. After listening to the report, President of Turkmenistan Serdar Berdimuhamedov congratulated the workers of the industry on the results achieved and stressed the need to further increase yields and effectively use the potential of agricultural production. The Head of State instructed the Deputy Prime Minister to keep the wheat harvest under strict control without losses.
Grain harvest season begins in Turkmenistan
05.06.2025On 4 June, the grain harvest season officially began in Turkmenistan. As part of large-scale agricultural activities, farmers have started harvesting crops, according to the news agency TDH. The start of the harvesting campaign was announced following a meeting of the Cabinet of Ministers on 29 May, where President of Turkmenistan Serdar Berdimuhamedov gave the go-ahead and wished the farmers success and a bountiful harvest. The first to start mowing were grain growers in the Ahal, Mary and Lebap velayats. On 11 June, the harvest will also begin in the Balkan and Dashoguz velayats. According to the agricultural plan for 2025, 1.4 million tonnes of grain are to be harvested from 690,000 hectares. The largest volumes are planned in the Ahal (400,000 tonnes), Mary (345,000 tonnes) and Lebap (310,000 tonnes) velayats. All fields have been sown with high-yielding varieties of winter wheat. The campaign is proceeding with full technical readiness. Modern combines and motor vehicles are being used for harvesting, and machine operators are provided with everything they need, from fuel to spare parts. Repair teams are working on site, and specialists from the ‘Türkmenstandartlary’ service are conducting operational quality control of the grain received.
Turkmenistan's GDP grew by 6.3% in January-May 2025
05.06.2025The gross domestic product (GDP) of Turkmenistan grew by 6.3 per cent in January–May 2025. This was announced by Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov during a regular meeting of the Cabinet of Ministers, according to the state news agency TDH. The Deputy Prime Minister reported on macroeconomic indicators, noting steady growth in a number of sectors. Growth was recorded in industry (0.8%), construction (4.7%), transport and communications (10.8%), trade (9.9%), agriculture (4%) and services (8.6%). The total volume of production increased by 9.7% compared to the same period last year. H. Geldimyradov also noted a 12.5% increase in retail trade turnover and a 5.4% increase in foreign trade turnover. The revenue side of the state budget was executed at 101.2%, while the expenditure side was executed at 97.6%. The average wage at large and medium-sized enterprises increased by 11.4%. Pensions, benefits and scholarships were financed in a timely manner. The volume of investments increased by 16.3%. After listening to the report, President of Turkmenistan Serdar Berdimuhamedov noted the need to ensure sustainable economic growth and maintain the set GDP growth rates until the end of the year. The Head of State instructed to keep the implementation of state programmes under control and focused attention on the main task of the government – improving the living standards of the population. Particular importance is attached to the implementation of the Programme of Socio-Economic Development of Turkmenistan for 2022–2028.
The transition to ‘green’ energy was discussed in Ashgabat ahead of the TESC 2025 conference
04.06.2025Ahead of the TESC 2025 international conference in Ashgabat, a round table was held on Turkmenistan's transition to green energy. The event, organised with the support of the UN, brought together representatives of international organisations, government agencies and the expert community. This was reported by the online publication ‘Turkmenistan: Golden Age’. The round table was moderated by Dmitry Shlapachenko, UN Resident Coordinator in Turkmenistan. Participants discussed policy-making in the field of sustainable energy and the development of the country's national potential. The head of UNICEF in Turkmenistan, Jalpa Ratna, shared the organisation's vision for ‘green’ energy, while UNDP representative Tomica Paovic spoke about the development of relevant competencies. Turkmenistan's Foreign Affairs Ministry adviser Magtymguly Akmuradov presented national approaches to climate policy. Muhammetberdi Bashiyev (‘Turkmengas’) reported on the results of work to reduce methane emissions. During a lively discussion, practical proposals were developed for the development of international cooperation in the field of environmentally friendly energy.
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