Economy
IRENA ready to expand cooperation with Turkmenistan
27.05.2026The XXV International Multi-profile Exhibition and Conference “White City Ashgabat – 2026” has concluded in Ashgabat. The forum was dedicated to architectural innovation and sustainable development. This was reported by the publication “Turkmenistan: Golden Age”. On the sidelines of the forum, the Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, spoke about prospects for cooperation with Turkmenistan in the field of green energy. According to him, the country’s climatic conditions create strong opportunities for the development of solar energy. He noted that more than 200 sunny days per year make Turkmenistan a promising location for renewable energy projects. The head of IRENA emphasized that the development of renewable energy is linked not only to environmental goals but also to economic benefits. In his view, the renewable energy sector contributes to job creation and the growth of related industries. Francesco La Camera also stated IRENA’s readiness to cooperate with relevant institutions in Turkmenistan. The agency intends to provide expert and technological support for projects aimed at developing a sustainable energy system in the country.
Turkmenistan strengthens preparations for WTO integration
27.05.2026Training of national specialists continues in Turkmenistan as part of the country’s accession process to the World Trade Organization (WTO), according to the Orient news agency. Within the framework of the project “Turkmenistan: Trade Resilience and Integration,” supported by the International Trade Centre (ITC), a two-day online course was held on May 25–26 for staff of the Ministry of Finance and Economy, as well as for faculty members and students of the Academy of State Service under the President of Turkmenistan. The sessions were conducted by Professor Peter Van den Bosch, an expert in international economic law from Xi’an Jiaotong University. Participants studied key WTO mechanisms, including the dispute settlement system, trade policy review, and fundamental principles such as the most-favoured-nation treatment and national treatment. Special attention was given to the stages of WTO accession and practical case studies on modelling changes in trade policy. The program aims to strengthen expert capacity and train personnel for the country’s integration into the global trading system.
The Turkmen company “Ak Bulut” has signed an agreement with the German company “Grenzebach”
27.05.2026The Turkmen company “Ak Bulut” has signed an agreement with the German company “Grenzebach,” which specializes in industrial automation and modern manufacturing technologies. This was reported by the IIC. The cooperation includes the modernization of production lines, the implementation of engineering solutions, and the exchange of experience in the construction sector. It is planned that the use of technologies from the German partner will allow “Ak Bulut” to expand its production capacity and improve product quality, including drywall, dry mixes, metal profiles, and suspended ceilings. Grenzebach, in turn, will introduce automated control systems and European quality standards, as well as participate in the training of specialists. The project aims to enhance the competitiveness of the Turkmen manufacturer in the regional market and strengthen trade and economic ties between Turkmenistan and Germany.
Experts from Turkmenistan and Uzbekistan discussed the determination of customs value of goods
27.05.2026An online training session was held between the customs services of Turkmenistan and Uzbekistan, dedicated to the determination of the customs value of imported goods. It involved representatives of educational institutions, lecturers, and specialists from customs payments units of both countries, according to the news website Turkmenportal. The event was organized within the framework of a memorandum of cooperation in the field of personnel training and a joint training plan for 2026. The session began with congratulations marking the 23rd anniversary of the Customs Institute of Uzbekistan, after which participants discussed national approaches to customs valuation, exchanged practical experience, and considered problematic issues in line with international standards.
A French company plans to purchase urea and petroleum products from Turkmenistan
27.05.2026The French company “Ste SODIPP International” is exploring the possibility of large-scale purchases of Turkmen urea and petroleum products, as well as the development of sustainable logistics routes between Turkmenistan and Europe. This was reported by the company’s President, Lommo Thierry, according to the online publication “Business Turkmenistan”. According to him, the company has received a mandate from a major French fruit and vegetable cooperative interested in supplying fertilizers from Turkmenistan, in particular urea-46 (UREA-46). “Ste SODIPP International” plans to establish a secure supply chain and is seeking partners among oil refining enterprises for the purchase of fuel and fertilizers, as well as logistics companies to organize shipments between Turkmenistan and France. “Ste SODIPP International” operates in the fields of energy, industry, investment banking, and international trade.
Demand for petrochemicals and agricultural products recorded on Turkmenistan’s commodity exchange
26.05.2026Last week, 26 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan, according to TDH. For foreign currency, business representatives from Türkiye, Azerbaijan, and Kyrgyzstan purchased cotton yarn and cotton fiber. The total value of the deals exceeded 3 million 526 thousand US dollars. On the domestic market, Turkmen entrepreneurs bought base oil (State Concern “Türkmennebit”), cottonseed oil, wheat flour, and raw silk. The total amount reached 173 million 734 thousand manats.
“Toyo Engineering” begins modernization of a polymer plant in Turkmenistan
26.05.2026The Japanese engineering company “Toyo Engineering” has begun the modernization of the Kiyanly polymer plant in Turkmenistan. This was announced by the company’s director, Tetsuji Miyazaki, at a conference in Ashgabat, as reported by the news website Turkmenportal. The project is being implemented in two stages: the first includes engineering work, procurement of equipment, and dismantling of outdated facilities, followed by technology commissioning and the launch of the upgraded production. T. Miyazaki noted active dialogue between the company’s management and the authorities of Turkmenistan and emphasized the strategic importance of the country for “Toyo Engineering.” The company, operating since 1961, has implemented more than a thousand projects in 60 countries and specializes in full-cycle support of industrial facilities.
Turkmenistan finalizes preparations for launch of the e-TIR system
26.05.2026Turkmenistan is completing the implementation of the international e-TIR system. The issue was discussed during an online coordination meeting involving representatives of the International Road Transport Union (IRU), the Association of International Road Carriers of Turkmenistan (THADA), and the United Nations Economic Commission for Europe (UNECE), according to the news website Turkmenportal. The parties reviewed technical aspects, international experience, and the steps required to launch the system. It was noted that the necessary organizational and technical framework has already been established, while preparations are underway for pilot transport operations in cooperation with the customs authorities of Central Asian countries. e-TIR is a digital version of the international customs transit system developed by the IRU and the World Customs Organization. It enables the electronic processing of transit documents in countries participating in the TIR Convention.
Turkmenistan Showcased Its Products at an International Exhibition in Almaty
24.05.2026The Turkmen company “Garagum” participated in the international exhibition “Kazakhstan International Healthcare Exhibition” (KIHE 2026), held in Almaty from May 20 to 22. The company’s stand featured a wide range of medical and nonwoven products for healthcare, hygiene, and industrial applications, according to the online publication “Business Turkmenistan”. Participation in one of Central Asia’s key industry exhibitions marked another step in the company’s export strategy. Today, Garagum products are supplied to more than 15 countries across Europe and Central Asia, while the company continues to expand its international partnerships and geographic presence. The quality of the products is confirmed by international certifications, including ISO 13485, as well as a license issued by the Ministry of Health of Turkmenistan. Visitors to KIHE 2026 showed particular interest in products under the “Arkadag Medical Cluster” brand, which, according to company representatives, reflects modern approaches to the development of medical and pharmaceutical manufacturing. Participation in the exhibition enabled Garagum to present its innovations to an international audience and strengthen Turkmenistan’s position in the medical products market.
Turkmenistan and Azerbaijan discussed expanding economic cooperation
21.05.2026Within the framework of the World Urban Forum (WUF13) in Baku, a meeting was held between the Chairman of the State Committee for Construction of Arkadag City under the President of Turkmenistan, Deryageldy Orazov, and Azerbaijan’s Minister of Economy, Mikayil Jabbarov. This was reported by the news website Turkmenportal. The sides discussed the current state and prospects of economic cooperation, including investment, transport, logistics, and transit. Special attention was given to possible expansion of cooperation in trade, energy, and other areas. The Azerbaijani side noted the importance of the Turkmen delegation’s visit and confirmed its interest in further developing the partnership. The WUF13 forum is taking place in Baku from May 17 to 22, 2026, under the auspices of UN-Habitat and the Government of Azerbaijan, and is dedicated to sustainable urban development.
“Daewoo E&C” confirms participation in the “White City Ashgabat – 2026” forum
21.05.2026The 25th International Exhibition and Conference “White City Ashgabat – 2026” (WCA 2026), which will take place on May 24–25, 2026, in Ashgabat, is expanding international cooperation. The South Korean company Daewoo Engineering & Construction has joined the event as a gold sponsor, according to the news agency “Turkmenistan: Golden Age”. The forum, held under the motto “Architecture. Innovation. Sustainable Development,” will bring together representatives of government bodies, developers, investors, and engineers to discuss sustainable urban development, industrial modernization, and next-generation infrastructure. Daewoo E&C’s participation further strengthens the international status of WCA 2026 as a platform for strategic dialogue and exchange of engineering solutions in construction, energy, and infrastructure. Founded in 1973, Daewoo E&C is a major EPC company of the Republic of Korea with experience in implementing infrastructure, industrial, and energy projects across various regions of the world, including Asia, the Middle East, Africa, and Europe. In Turkmenistan, the company is involved in a number of major projects, supporting industrial infrastructure modernization and development processes. As part of the forum’s business program, a company representative will speak in a panel session dedicated to industrial development and supply chains in construction. Participants will discuss the development of building materials production, industrial digitalization, the implementation of Industry 4.0 technologies, as well as issues of localization and the resilience of production chains. As of today, more than 650 delegates from 55 countries have confirmed their participation in WCA 2026. The forum continues to strengthen its position as one of the key regional platforms for investment and technological cooperation in the field of construction and infrastructure.
Turkmen company “Tudana” begins exporting strawberries to Dubai
19.05.2026The “Tudana” business society, located in the Ak Bugdaý etrap of the Ahal velayat, has exported fresh strawberries to Dubai (UAE) for the first time. According to a company representative, the enterprise is also considering entering the Russian market, the IIC reports. The strawberries are grown in modern greenhouse complexes covering a total area of 15 hectares. As part of efforts to expand export potential, the company is constructing additional greenhouses on 30 hectares, which are expected to be launched in the coming years. Products under the “Tudana” brand are available in more than 300 retail outlets across Turkmenistan and are already supplied to the markets of Kazakhstan and Uzbekistan, where they enjoy steady demand.
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