Economy
Turkmenistan and Pakistan step up cooperation in maritime transport and logistics
03.09.2025During the meeting between Turkmenistan's Ambassador A. Movlamov and Pakistan's Federal Minister for Maritime Affairs Muhammad Junaid Anwar, which was held on 1 September 2025, the main focus will be on improving the efficiency of transit and logistics capabilities of the seaports of Turkmenbashi, Karachi and Gwadar. This was reported by IIC. During the negotiation, the significant prospects for bilateral cooperation in the development of railway infrastructure, which is capable of ensuring sustainable transport links between the countries of the region, were highlighted. Particular attention was paid to the importance of multilateral cooperation for more active use of Pakistan's territory as a connecting bridge to strengthen economic ties, diversify supply routes and expand the transit potential of the region. At the end of the meeting, the parties confirmed their intention to continue constructive dialogue on all the topics discussed and noted the importance of accelerating the practical implementation of joint initiatives to ensure sustainable economic growth.
Businessmen from Afghanistan and Uzbekistan have concluded deals with the State Concern ‘Türkmenhimiýa’
03.09.20251 September – On the foreign market, the State Concern ‘Türkmenhimiýa’ signed contracts for the supply of liquefied gas with entrepreneurs from Afghanistan and Uzbekistan. This was reported by the press service of the SCRMET. During the bidding, three deals were signed for a total amount of $1,119,030. The parties did not disclose details about the delivery dates and product volumes.
Turkmen delegation participates in Tatarstan Oil, Gas and Chemistry Forum
03.09.2025On 26 August, the Tatarstan Oil, Gas and Chemistry Forum kicked off at the ‘Kazan Expo’ exhibition centre, with delegations from Turkmenistan and a number of other countries in attendance. The opening ceremony of this large-scale international forum featured speeches by Rustam Minnikhanov, President of Tatarstan, and Mikhail Ivanov, Deputy Minister of Industry and Trade of the Russian Federation. This was reported by IIC. In his speech, Rustam Minnikhanov emphasised that the oil, gas and chemical industry is undergoing a profound transformation that requires technological renewal and the search for new vectors of development. The Head of Tatarstan expressed confidence that open dialogue and the exchange of experience within the framework of the forum will contribute to the strengthening of international cooperation and the creation of new promising projects. Parallel to the forum, the international specialised exhibition ‘Kazan Oil, Gas & Chemistry’ is being held, showcasing the latest equipment and developments in the field of extraction, processing and chemical synthesis. The forum programme includes thematic sessions on digitalisation, import substitution and environmental aspects of the industry, as well as presentations of new technological solutions.
Trade turnover between Turkmenistan and Mangistau Region amounted to $9.2 million
01.09.2025In the first half of 2025, trade turnover between Turkmenistan and the Mangistau region of Kazakhstan reached $9.2 million, which is 19% more than a year earlier. This was reported by the online publication ‘Business Turkmenistan’. According to the akimat, exports from Kazakhstan amounted to $2 million, while imports from Turkmenistan amounted to $7.2 million. There are 20 joint ventures with Turkmen capital operating in the region, engaged in scrap metal, construction and the production of building materials. According to statistics, the total trade turnover between Turkmenistan and Kazakhstan in 2024 amounted to $554 million, with the countries planning to increase this figure to $1 billion.
TIF 2025 offers preferential terms for Turkmen entrepreneurs
01.09.2025The Organising Committee of the Turkmenistan Investment Forum (TIF 2025), which will be held in Ashgabat from 18 to 19 September, has announced special conditions for participation for citizens and companies of the country. This was reported by the Orient news agency. Until 4 September 2025, participants will be eligible for reduced registration fees: 3,000 manats for legal entities and 2,000 manats for individuals and entrepreneurs instead of the standard 5,000. The forum will be an important platform for discussing economic prospects, establishing direct contacts with international investors and seeking new opportunities for business development. The organisers invite representatives of Turkmen businesses to register on the official website of the event and take advantage of the benefits provided. Participants can look forward to communicating with investors and government representatives, participating in strategic sessions on energy, transport, the ‘green’ economy and digital transformation, as well as new partnerships and agreements that could influence the future of companies.
TIF 2025 offers preferential terms for Turkmen entrepreneurs
01.09.2025The Organising Committee of the Turkmenistan Investment Forum (TIF 2025), which will be held in Ashgabat from 18 to 19 September, has announced special conditions for participation for citizens and companies of the country. This was reported by the Orient news agency. Until 4 September 2025, participants will be eligible for reduced registration fees: 3,000 manats for legal entities and 2,000 manats for individuals and entrepreneurs instead of the standard 5,000. The forum will be an important platform for discussing economic prospects, establishing direct contacts with international investors and seeking new opportunities for business development. The organisers invite representatives of Turkmen businesses to register on the official website of the event and take advantage of the benefits provided. Participants can look forward to communicating with investors and government representatives, participating in strategic sessions on energy, transport, the ‘green’ economy and digital transformation, as well as new partnerships and agreements that could influence the future of companies.
Korean companies have implemented major investment projects in Turkmenistan
31.08.2025Korean companies have implemented a number of large investment projects in Turkmenistan, according to the state news agency TDH. Among the largest projects are a gas chemical complex in Balkan velayat worth more than $3.4 billion, a commercial gas purification plant at the ‘Galkynysh’ field worth $1.48 billion, and a chemical complex in Turkmenabat worth $682 million. On 29 August, a telephone conversation took place between the President of Turkmenistan, Serdar Berdimuhamedov, and the President of the Republic of Korea, Lee Jae-myung. During the telephone conversation, the parties noted the successful cooperation and positive experience of Korean companies, including ‘Hyundai’, ‘Daewoo’ and ‘LG’. The President of South Korea thanked the President of Turkmenistan for creating favourable conditions for their activities.
Turkmenistan's transport sector demonstrates steady growth
31.08.2025Deputy Prime Minister Mammethan Chakiyev presented a report on the activities of subordinate structures for the first eight months of this year at a government meeting on 29 August. This was reported by the state news agency TDH. During this period, the volume of work performed and services provided increased by 113.6%. The plan for freight transportation by road, rail, air, sea and river transport was fulfilled by 101.5%, and for passenger transportation – by 103.6%. According to the results of January-August 2025, the growth rates of services provided were as follows: 105% in the Ministry of Rail Transport, 111.9% in the Ministry of Road Transport, 114.4% in the State Service ‘Türkmenhowaýollary’, 107.3% in the State Service of Sea and River Transport, and 120% in the Ministry of Communications. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the importance of the phased and modern development of the transport and communications complex for the full implementation of the tasks set before it. In this regard, the Head of State instructed the Deputy Prime Minister to take measures to increase the volume of freight and passenger traffic, as well as to create favourable conditions for international transport and transit communications.
Turkmenistan increases oil and gas production and processing
30.08.2025The oil and gas sector in Turkmenistan continues to be the main driver of the economy, demonstrating stable performance in the first eight months of 2025. This was reported by Deputy Prime Minister Batyr Amanov during a government meeting on 29 August, according to the state news agency TDH. The State Concern ‘Türkmennebit’ is steadily fulfilling its oil production plan. The country's oil refineries have increased production of petrol, diesel fuel and lubricants, and there has also been an increase in the production of natural and associated gas, liquefied gas and exports of ‘blue fuel’ to international markets. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the importance of further modernising the industry, instructing energy companies to operate at full capacity and increase the efficiency of geological exploration and drilling operations.
Trade turnover in Turkmenistan for the first eight months amounted to 117.7%
30.08.2025The trade sector and private business in Turkmenistan are showing significant growth. This was announced on 29 August by Deputy Chairman of the Cabinet of Ministers Nokerguly Atagulyev at a meeting of the Cabinet of Ministers on the results of work for the first eight months of 2025, according to the state news agency TDH. The turnover of the Ministry of Trade and Foreign Economic Relations amounted to 117.7%. Particular attention is paid to the textile industry, which is one of the country's leading export sectors. Production in this segment amounted to 104.2%, with cotton yarn production reaching 116.6% and fabrics 122.7%. The State Commodity and Raw Materials Exchange held 194 auctions and registered almost 19,000 contracts, reflecting a high level of business activity. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov instructed to strengthen the supply of the domestic market with sought-after products and to continue working to increase exports, including with the active participation of the private sector.
Turkmenistan's construction and industrial complex exceeded its targets
30.08.2025In January–August 2025, Turkmenistan's construction and industrial sectors showed growth above target. This was announced on 29 August at a government meeting by Deputy Prime Minister Baymyrat Annamammedov, according to the state news agency TDH. The total volume of work completed and products manufactured amounted to 107.1%. Positive dynamics were noted in all key structures, including the Ministry of Construction and Architecture, the Ministry of Energy, the State Agency for Road Construction Management, and the Ashgabat City Administration. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov instructed to ensure that enterprises operate at full design capacity, develop modern production facilities and create new jobs. The Head of State also stressed the need to complete the construction of all facilities planned for this year, including residential buildings, within the established deadlines.
Turkmenistan's GDP grew by 6.3% in January–August this year
30.08.2025Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov presented Turkmenistan's macroeconomic indicators for January–August 2025 during a government meeting on 29 August, noting the stable growth of the national economy. This was reported by the state news agency TDH. Gross domestic product increased by 6.3%, with the transport and communications sector, trade and services showing the strongest growth, while the total volume of output increased by 9.9% compared to last year. Retail trade turnover increased by 13.1%, foreign trade turnover grew by 5.5%, and the average wage at large and medium-sized enterprises rose by 11.9%. The volume of investments amounted to a 10.8% increase. The state budget was fully executed, and social obligations, including salaries, pensions and scholarships, were financed in a timely manner. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov instructed to maintain macroeconomic stability and continue improving the budget and tax systems.
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