Economy
Businessmen from Afghanistan purchased cement on the Turkmenistan Stock Exchange
15.07.2025An international trade deal was signed with Afghan businesspeople at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the online news resource TerraNews. Afghan representatives purchased Portland cement of the brand ‘CEM I 42.5 H’ from Turkmen suppliers. The total amount of the deal was 215 thousand US dollars.
An exhibition of Turkmenistan's economic achievements will be held in Ashgabat
15.07.2025From 18 to 20 September 2025, the Commerce and Industry Chamber's exhibition centre in the capital will host an exhibition dedicated to the 34th anniversary of Turkmenistan's Independence. The exhibition will showcase the achievements of all key sectors of the national economy, which are developing under the leadership of President Serdar Berdimuhamedov. This was reported by the online publication ‘Business Turkmenistan’. Over the course of three days, ministries, departments and member companies of the Union of Industrialists and Entrepreneurs will showcase their successes in energy, industry, oil and gas, chemicals, textiles, construction, transport, agriculture, healthcare, education, tourism and the environment. The organisers emphasise that the exhibition will be an important platform for demonstrating the country's economic potential and strengthening business cooperation between participants. The event reflects the sustainable growth of the national economy and is in line with Turkmenistan's strategic development goals in the era of the revival of a powerful state. The exhibition is expected to be a significant event in the country's business life, contributing to the further prosperity and innovative development of all sectors of the economy.
Last week, 14 deals were concluded on the SCRMET
15.07.2025Last week, 14 deals were concluded on the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the state news agency TDH. Entrepreneurs from Afghanistan and Uzbekistan purchased base oil, liquefied gas and sodium chloride for foreign currency. Representatives from Serbia, the UAE and Afghanistan purchased licorice, dyed fabric, men's shirts and Portland cement. The total amount of foreign currency transactions exceeded $1.47 million. On the domestic market, Turkmen businessmen purchased licorice extract, base oil, aerated concrete, soapstock fatty acids, and cotton. The total amount of transactions amounted to more than 5.8 million manats.
Turkmenistan's economy demonstrates consistent growth
13.07.2025Deputy Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov presented a report on macroeconomic indicators for the first half of 2025 at an expanded meeting of the Cabinet of Ministers of Turkmenistan on 11 July. This was reported by the state news agency TDH. GDP grew by 6.3%, industry by 1%, construction by 5.1%, transport and communications by 10.8%, trade by 9.9%, agriculture by 4.5% and services by 8.6%. Retail trade increased by 12.7% and foreign trade by 2.9%. The average wage in large and medium-sized enterprises rose by 11.4%, and social payments were financed in a timely manner. Capital investment increased by 15.6%. A draft of the new edition of the ‘National Programme for Improving the Social and Living Conditions of the Population until 2028’ was also presented. Minister of Economy and Finance of Turkmenistan Mammetguly Astanagulov reported on the execution of the state budget: revenues amounted to 101.5%, expenditures — 97.6%. Local budget revenues amounted to 102.6%, expenditures — 98.5%. The volume of investments amounted to 17.7% of GDP. Chairman of the State Committee for Statistics Dovletgeldi Amanmuhammedov reported on the growth of industrial production. Gas production reached almost 38.9 billion cubic metres, oil production — 491,500 tonnes. The production of cement, reinforcement, food products and cotton products increased significantly. In agriculture, there was growth in the production of vegetables, fruits, potatoes, meat and milk. The private sector also demonstrated steady growth. Chairman of the Central Bank Toyly Malikov reported an increase in lending. The volume of loans issued by private sector banks increased by 19%, and by 26.9% for farmers. Mortgage lending increased by 20.2%. After hearing the reports, President of Turkmenistan Serdar Berdimuhamedov stressed the importance of continuing reforms, strengthening budget control and improving the effectiveness of investment and financial policy. The Head of State instructed to ensure the stability of the manat, develop the banking system and expand cooperation with international financial institutions. At the end of the meeting, Serdar Berdimuhamedov signed a Resolution ‘On the approval of the new edition of the National programme of the President of Turkmenistan for the transformation of social and living conditions of the population of villages, settlements, etrap cities and etrap centers for the period up to 2028’.
Turkmenistan's Ambassador to Belgium spoke at a meeting of the Brussels Energy Club
12.07.2025The authoritative Brussels Energy Club hosted a speech by Sapar Palvanov, Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Belgium, dedicated to the country's energy strategy. During the expert round table, the diplomat presented Ashgabat's approach to diversifying natural gas export routes and prospects for cooperation with the European Union in detail. This was reported by the IIC. Particular emphasis was placed on the development of gas processing capacities within Turkmenistan, strengthening partnerships with key transit countries (Turkey, Azerbaijan) and prospects for cooperation with Hungary and other EU countries. The Brussels Energy Club, which brings together leading industry experts, representatives of European institutions and the media, has become an important platform for presenting Turkmen initiatives. Ambassador Palvanov's speech demonstrated Turkmenistan's commitment to multi-vector energy cooperation and its readiness to implement joint projects. In his speech, the diplomat noted that Turkmenistan is open to constructive dialogue on the creation of a sustainable energy security system. S. Palvanov also emphasised the strategic importance of the gas sector for the country's economy and its international relations.
Foreign entrepreneurs have concluded important trade deals with Turkmenistan
11.07.2025On 10 July, entrepreneurs from Afghanistan signed a contract with the State Concern ‘Türkmenhimiýa’ for the purchase of sodium chloride on the foreign market. This was reported by the press service of the State Commodity and Raw Materials Exchange of Turkmenistan. On the same day, entrepreneurs from Uzbekistan signed an agreement with the State Concern ‘Türkmengaz’ for the purchase of liquefied gas. On the domestic market of Turkmenistan, local businessmen signed a contract with the Ministry of Industry and Construction for the purchase of aerated concrete blocks. As a result of the tender, three deals were concluded for a total amount of $86,013 and 59,034 manat.
The training centre of the ‘Türkmengaz’ State Concern is successfully operating in the Mary velayat
11.07.2025A programme to improve the qualifications of specialists in the oil and gas sector is being successfully implemented in the Mary velayat. As part of the modernisation of vocational education and on the instructions of the President of Turkmenistan, Serdar Berdimuhamedov, a training department of the State Concern ‘Türkmengaz’ has been opened at the Mary Oil and Gas Technical College. This was reported by the news website Asmannews. Since its opening, 630 employees of the ‘Türkmengaz’ concern and the geological exploration divisions of ‘Türkmengeologiýa’ have already undergone training. The courses cover modern drilling and gas processing technologies and practical work with the latest equipment. Classes are held in classrooms equipped with digital systems and interactive technologies. The teachers are specialists with extensive production experience. Recently, practical training in modern welding methods was conducted at the ‘Galkynysh’ field. There are plans to expand practical courses to other facilities in the region in the near future. This initiative confirms that the development of professional skills is an important condition for the consistent growth of the industry and the economy.
Turkmenistan's farmers have delivered more than 1.4 million tonnes of grain to the state
11.07.2025The wheat harvest has been completed in Turkmenistan, with farmers delivering more than 1.4 million tonnes of grain to the state. This result was made possible by the modernisation of agriculture, the development of agricultural technologies and state support measures, according to the state news agency TDH. The agricultural sector remains one of the key areas of the country's economy. Infrastructure is being actively upgraded, with processing plants and elevators being built and investments being made in equipment and fertilisers. Breeding is also developing, with new wheat varieties adapted to local conditions being developed. Particular attention is being paid to supporting farmers: grain purchase prices have increased and the private sector is gaining access to land from the state fund. This stimulates production growth and strengthens food security. Quality control of agricultural work is carried out at all stages, from seed selection to harvest. The use of modern technology, mobile repair teams and support for machine operators have ensured the smooth and efficient running of the campaign. The successful harvest is the result of comprehensive work to develop Turkmenistan's agro-industrial complex.
Turkmenistan presents textile industry potential at forum in Dushanbe
11.07.2025On 8 July, Dushanbe hosted an International Textile Forum, which was actively attended by a Turkmen delegation. The event, which brought together representatives of government agencies and the business community from Central Asia and other regions, became an important platform for demonstrating achievements and discussing prospects for cooperation in the textile sector. This was reported by the IIC. The Turkmen side gave presentations on the production of high-quality cotton products, the introduction of modern technologies and the development of a complete production cycle. Particular attention was paid to expanding export opportunities and finding new partners for joint projects. During the forum, Turkmen representatives held a series of talks with Tajik companies, during which they discussed options for technological cooperation and the implementation of mutually beneficial initiatives. An additional element of the programme was a visit to textile enterprises in Dushanbe, including the ‘Guliston’ factory, where the delegation got acquainted with local production processes and outlined possible areas of cooperation. Participation in the forum allowed Turkmenistan not only to demonstrate its industrial achievements, but also to strengthen business ties with partners in the region.
Turkmen customs officials exchanged experiences at a regional seminar in Chisinau
10.07.2025A regional event was recently held in Chisinau as part of the ‘Ready4Trade Central Asia’ project, organised by the International Trade Centre with the support of the European Union. The State Customs Service of Turkmenistan and the Customs Service of the Republic of Moldova, which hosted the event, took an active part in the event. This was reported by the online publication ‘Turkmenistan: Golden age’. The ‘Peer Learning Initiative’ format allowed representatives of customs authorities and the business sector of Turkmenistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Moldova and Turkey to exchange knowledge and best practices. The main focus was on improving interaction with participants in foreign economic activity, introducing authorised economic operator (AEO) programmes, and modernising customs procedures to increase the efficiency of international trade. A session on Moldova's experience in implementing the AEO programme was of particular interest. Participants learned about successful cases of Moldovan companies that have already obtained the relevant certificates and discussed the role of the Chamber of Commerce and Industry in developing this initiative. The seminar contributed to strengthening regional cooperation and finding new solutions for creating favourable conditions in the field of customs regulation.
Turkmenistan strengthens cooperation with the EU in energy and transport
10.07.2025Turkmenistan has expressed its readiness to actively participate in joint projects with the EU. This was announced after a meeting between the European Commission's Director-General for International Partnerships (DG INTPA) Peteris Ustubs and the ambassadors of Central Asian countries in Belgium, according to the IIC of Turkmenistan. Sapar Palvanov, Turkmenistan's Ambassador Extraordinary and Plenipotentiary to Belgium, emphasised his country's desire to develop cooperation with the EU in the fields of transport, trade and energy. The participants discussed the results of the first ‘Central Asia – EU’ summit, as well as preparations for the Investment and Economic Forums scheduled for November this year. They also discussed expanding cooperation with the EIB and the EBRD. Turkmenistan and the EIB confirmed their intention to intensify the preparation of investment projects and memoranda of cooperation.
Turkmenistan strengthens cooperation in tourism at the OTS platform
10.07.2025On 8-9 July 2025, Ankara is hosting a meeting of heads of tourism agencies of the member states of the Organisation of Turkic States (OTS), which is attended by a delegation from the Ministry of Culture of Turkmenistan. This was reported by the online publication ‘Turkmenistan: Golden age’. During the event, the Turkmen side emphasised that under the leadership of President Serdar Berdimuhamedov, the country is consistently developing international cooperation in the field of tourism, guided by the principles of neutrality. Particular attention is being paid to the implementation of comprehensive measures to develop the tourism industry, including improving infrastructure, enhancing the quality of services and promoting the country's tourism potential on the international arena. Turkmenistan's participation in the OTS meeting demonstrates the country's commitment to developing mutually beneficial cooperation in the tourism sector and opens up new opportunities for exchanging experience with brotherly Turkic states.
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