Economy
Turkmenistan prepares for forum marking 32nd anniversary of manat introduction
18.10.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Hojamyrat Geldimyradov reported on preparations for a scientific and practical conference dedicated to the 32nd anniversary of the introduction of the national manat. This was reported by the state news agency TDH. The forum, which will be held on 1 November, will bring together about 250 participants from ministries, departments, banks and educational institutions specialising in finance and economics. Discussions are planned on the socio-economic initiatives of President of Turkmenistan Serdar Berdimuhamedov, reforms in the banking sector, national currency management, as well as issues of monetary policy, digital banking services, electronic payments and international financial cooperation. After hearing the report, the Head of State emphasised the importance of high-quality preparation for the conference and gave the Deputy Prime Minister the relevant instructions.
Turkmenistan in the spotlight of global media at the OGT 2025 anniversary conference
18.10.2025Ashgabat is preparing for the 30th International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’ (OGT 2025), held under the motto ‘Energy. Innovation. Development.’ This was reported by the news agency ‘Turkmenistan: Golden age’. The forum, dedicated to the 30th anniversary of energy cooperation, has received wide international coverage due to partnerships with leading media outlets. Media support allows OGT 2025 to reach a global audience, highlighting Turkmenistan's openness to investment and its contribution to sustainable development. More than 1,400 delegates from 70 countries have confirmed their participation in the event, including representatives of the UN, UNECE, GIZ, IGU and the Global Gas Centre. Industry leaders will speak at the plenary session entitled ‘Shaping the Future of Global Energy in the International Year of Peace and Trust,’ including the CEO of DEWA and Chairman of ENOC Group Saeed Mohammed Al Tayer, Minister of Energy of Uzbekistan Jurabek Mirzamahmudov, President of the International Gas Union (IGU) Andrea Steger, Vice Chairman of S&P Global and Chairman of CERAWeek Daniel Yergin, as well as executives from SOCAR, BOTAŞ, ADNOC XRG and PETRONAS. Special attention will be paid to clean energy and methane emissions reduction. Thematic sessions with experts from the UN and European institutions will be held as part of the forum, as well as a discussion on ‘Energy for Peace and Prosperity’ dedicated to Turkmenistan's contribution to achieving SDG 7. The OGT 2025 business programme includes B2B meetings, an AI platform for finding partners, and an international exhibition of more than 100 companies presenting innovations in energy production, processing, and digitalisation. Over three decades, OGT has evolved from a regional event into a global investment platform that brings together East and West, tradition and technology, confirming Turkmenistan's growing role in the global energy sector.
Three new chemical plants to be built in Turkmenistan
17.10.2025President of Turkmenistan Serdar Berdimuhamedov has announced plans to build three large chemical plants in different regions of the country, according to the news website Turkmenportal. A urea production complex will be built in the Balkan velayat, the second phase of a gas-to-gasoline plant will be built in the Ahal velayat, and a mineral fertiliser plant will be built in the Mary velayat. The Head of State emphasised that the development of the chemical industry is one of the priorities of Turkmenistan's economy: investments are being actively attracted to the industry and modern technologies are being introduced, which contributes to the creation of new production facilities and the manufacture of products from local raw materials.
Students in Turkmenistan develop alternatives to food products
16.10.2025At an international exhibition dedicated to Healthcare and Medical Industry Workers' Day, students from the Oguzhan Engineering and Technology University of Turkmenistan presented their developments in the field of alternative food products, according to the online news resource TerraNews. Amandursun Jumayeva, a student at the Faculty of Biotechnology and Ecology, said that young researchers had created dietetic sweets from camel milk using a sugar substitute, making them suitable for people with diabetes and lactose intolerance. In addition, the project participants developed jelly-like teas from plants, syrup from saffron flowers, natural alcohol-free perfumes, scrubs, scented candles and powdered flavourings. According to Jumayeva, Turkmenistan has all the conditions necessary for the development of biotechnology and scientific innovation. She expressed her gratitude to the country's leadership for supporting young scientists and noted that their developments are intended to contribute to the prosperity of the national economy.
Turkmenistan and South Korea strengthen cooperation in shipbuilding in the Caspian Sea
15.10.2025Turkmenistan continues to modernise its maritime infrastructure on the Caspian Sea with the help of international technologies. This was reported by IIC. On 14 October, Kim Jun-chul, Chargé d'Affaires of the Republic of Korea, visited the Balkan shipbuilding and ship repair plant, where a joint project is being implemented to build two multi-purpose cargo ships with a carrying capacity of 6,100 tonnes with the participation of the South Korean company ‘Koryo Shipbuilding Industry Technology Co., Ltd.’ (KSIT). During the meeting with the company's CEO, Guychmyrat Amanov, the parties discussed the development of cooperation in the shipbuilding sector. The visit confirmed Turkmenistan's desire to use advanced global experience to strengthen its position as a key transit hub in the Caspian region. Kim Jun Chol expressed his gratitude to KSIT specialists for their high professionalism and contribution to the implementation of the project.
342 investment projects involving Russia worth $3.5 billion are being implemented in Turkmenistan
14.10.2025In Turkmenistan, 342 investment projects involving Russian companies worth $3.5 billion are being implemented. This was announced by Deputy Prime Minister Nokerguly Atagulyev at a meeting of the Turkmen-Russian Intergovernmental Commission on Economic Cooperation, according to the news website Turkmenportal. There are 38 enterprises with Russian capital operating in the country, including ‘Gazprom’, ‘KAMAZ’, ‘Vozrozhdenie’ and ‘Tatneft’. Russia is one of Turkmenistan's key trading partners, with bilateral trade reaching $1.5 billion per year. N. Atagulyev noted the steady growth in mutual trade and emphasised the potential for further expansion of supplies. ‘The Russian market is one of our priorities, and we are interested in both importing and exporting our products to the Russian market,’ said the Deputy Prime Minister.
Exhibition in Ashgabat highlighted Turkmenistan's priorities in education development
13.10.2025The Chamber of Commerce and Industry of Turkmenistan hosted an international exhibition entitled ‘Healthcare, Education and Sports in the Renaissance Era of a New Epoch of a Powerful State’. This was reported by the online news resource TerraNews. Participants were particularly interested in the exhibits dedicated to education, which presented projects by ministries, international organisations, diplomatic missions and foreign universities that are partners of Turkmenistan in the field of science and training. The event demonstrated the country's desire to modernise its national education system. Among the priority areas are the digitisation of the educational process, improving the quality of teaching, and the development of language and professional programmes. The exhibition presented the achievements of domestic universities, the results of international partnerships and joint projects for training specialists. According to official media reports, about 80,000 citizens of Turkmenistan are studying in more than 20 countries around the world, including Russia, Turkey, China, Germany, and other states. Intergovernmental agreements allow students to be sent to study priority specialties at foreign universities, particularly in Romania and other European countries. In 2025, the Ministry of Education of Turkmenistan approved an updated list of foreign universities whose diplomas are officially recognised in the country. This creates favourable conditions for the return of graduates and their integration into the national labour market. Turkmen universities are actively developing cooperation with foreign partners, participating in joint research projects and academic exchange programmes. Along with this, digital initiatives are being implemented, including the ‘Electronic School’ project, the digitisation of educational institutions, and the holding of international Olympiads and competitions. The expansion of international educational ties contributes to the introduction of advanced standards, the development of engineering and scientific fields, and the training of qualified specialists capable of competing successfully at the global level. These measures are aimed at improving the quality of education and strengthening Turkmenistan's international cooperation in the field of science and education.
Uzbek companies plan to expand exports of medical equipment to Turkmenistan
13.10.2025At the international exhibition ‘Healthcare, Education and Sports in the Renaissance Era of a New Epoch of a Powerful State,’ entrepreneurs from Uzbekistan presented their developments in the field of pharmaceuticals and medical equipment alongside Turkmen companies. This was reported by TerraNews. ‘This is our first time in Turkmenistan, and we are impressed by the beauty of the country and the hospitality of its people. We would like to thank the leadership of Turkmenistan for organising such an important forum. Our company produces paediatric medicines, minerals and vitamins, as well as gynaecological and urological products. We have more than 40 medicines registered in the Customs Union. We came to study the market, establish contacts with distributors and pharmacy chains, and offer contract manufacturing to our Turkmen colleagues. We are confident that joint projects will be mutually beneficial,’ said Diyorbek Rustambekov, manager of ‘BP Pharma Healthcare’. A large-scale modernisation of the healthcare system is underway in Turkmenistan. Examples of new facilities include the 400-bed International Health and Rehabilitation Centre in Ashgabat, the International Scientific and Clinical Centre for Physiology with 250 beds, a glycyrrhizic acid production facility in Turkmenabat, and the administrative buildings of the Sanitary and Epidemiological Service of Mary velayat and the city of Mary. This exhibition showed that Turkmenistan is actively integrating international experience and cooperation to create a modern, high-tech healthcare system.
Smart construction and clean energy: Turkmenistan prepares for CIET 2025
11.10.2025The CIET 2025 International Conference and Exhibition, dedicated to the development of Turkmenistan's construction, industrial, chemical and energy sectors, will be held in the ‘Avaza’ National Tourist Zone from 3 to 4 November. This was reported by the news agency ‘Turkmenistan: Golden age’. The forum is timed to coincide with Construction and Industry Workers' Day and will highlight the country's achievements in infrastructure, industrialisation and energy. CIET 2025 will strengthen Turkmenistan's position as a regional centre for innovation and investment. The organisers are the Ministry of Industry and Construction of Turkmenistan in conjunction with the Turkmen Energy Forum. For the first time, international companies will participate in the forum, including ‘DAMAC Properties’ (Dubai), ‘Çalık Holding’ (Turkey), ‘Interbudmontazh Group’ (Ukraine), ‘Bitdeer Technologies’ (USA), ‘Wirtgen Group’ (Germany) and ‘POSCO International’ (South Korea), as well as experts in the chemical industry and renewable energy. The CIET 2025 programme covers topics such as smart and sustainable construction, climate-resistant materials, energy and chemical industry development, investment mechanisms and ‘green’ financing. The forum will showcase Turkmenistan's key infrastructure projects, including the bridge across the Garabogaz Bay, new roads, a urea plant and a water treatment facility. CIET 2025 will serve as an international platform for discussing innovation, technology and sustainable development, attracting investors and strengthening the country's strategic course towards industrial modernisation and urban development.
Turkmenistan is ready to implement energy and transport projects with OTS
09.10.2025Ashgabat is making significant efforts to promote large-scale initiatives in the fields of energy, transport and logistics, which are of strategic importance both for the region and for the international community, according to the online news resource TerraNews. This was stated by the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, speaking at the 12th Summit of the Council of Heads of State of the Organization of Turkic States (OTS). According to the Hero Arkadag, Turkmenistan attaches particular importance to the development of comprehensive cooperation with the countries of the OTS, seeking to strengthen and fill with concrete content mutually beneficial relations based on equality, mutual respect and strategic partnership. Gurbanguly Berdimuhamedov stressed that to achieve these goals, the country is actively promoting major projects in key sectors – energy, transport, logistics and communications, as well as in other areas of strategic importance at the regional and global levels.
Expansion of economic ties with Croatia discussed in Ashgabat
09.10.2025A Turkmen-Croatian Business Forum was held in Ashgabat with the participation of Croatian Minister of Foreign and European Affairs Gordan Grlić Radman and a business delegation from leading Croatian companies. This was reported by the Orient news agency. The event, organised by the Chamber of Commerce and Industry of Turkmenistan, aimed to expand strategic economic cooperation between the countries. The delegation included companies from the IT, high-tech, industrial and engineering sectors, including ‘404’, ‘Decode’, ‘Insako’ and ‘Neuchemie’. In addition, bilateral meetings were held during the forum, underscoring Turkmenistan's importance as a partner and “bridge” between Europe and Asia. The fourth meeting of the Intergovernmental Commission on Economic Cooperation, chaired by Croatian State Secretary Goran Romek, was also held with the participation of representatives of key ministries and the Chamber of Commerce and Industry.
Turkmenistan Stock Exchange launches ‘“My Account” for customers
06.10.2025As part of the implementation of the ‘Concept for the Development of the Digital Economy in Turkmenistan for 2019-2025’ and the ‘State Programme for the Development of the Digital Economy in Turkmenistan for 2021–2025’ the State Commodity and Raw Materials Exchange of Turkmenistan has introduced a new digital customer system called ‘My Account’, according to the press service of the SCRMET of Turkmenistan. The system is aimed at increasing the transparency, accessibility and efficiency of the services provided. The system allows users to register, manage their accounts, update contact details, configure notification channels and security settings, and quickly track the status of contracts, settlements and financial transactions. In connection with the launch of the ‘My Account’ system, the exchange plans to hold a training seminar at which specialists will explain in detail how to use the system and answer participants’ questions.
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