Economy
Turkmenistan enters the international pharmaceutical arena in Pakistan
03.10.2025Turkmenistan has been invited to participate in the Pharma API Asia 2025 and Health API Asia 2025 international exhibitions, which will be held on 23–25 October in Karachi (Pakistan). This was reported by the Orient news agency. The exhibitions will bring together leading pharmaceutical and medical companies, showcasing equipment, packaging, ingredients, laboratory solutions, IT products and finished medicines. The organiser is E-commerce Gateway Pakistan Pvt. Ltd. The exhibitions are expected to attract the largest Pakistani and foreign manufacturers. Pharma API Asia aims to develop the pharmaceutical industry and investment, while Health API Asia is Pakistan's largest medical exhibition, held since 2004 with the support of the country's Ministry of Health and UFI. Turkmenistan's participation will help expand exports and strengthen international ties in the field of medicine and pharmaceuticals.
Golestan plans to showcase its products at an exhibition in Turkmenistan
02.10.2025Following the successful exhibition of Turkmen goods in Golestan, Iran, the provincial authorities are planning to organise a reciprocal event in Turkmenistan. This was reported by the online publication Business Turkmenistan. The exhibition, which may take place in Ashgabat or Balkan velayat in the coming months, should strengthen bilateral economic and cultural cooperation, expand trade ties and increase trade volume by up to 30%. The development of border infrastructure and a joint chamber of commerce between Turkmenistan and Iran creates a solid foundation for sustainable economic partnership and regional integration. It should be noted that a large exhibition of Turkmen goods was held in Gorgan from 5 to 7 May 2025.
Turkmenistan made a technological breakthrough at the Goturdepe field
02.10.2025At one of Turkmenistan's largest fields, Goturdepe, the modernisation of oil production has been completed. As part of the project, new gas lift equipment has been installed, which has increased the flow rate of more than 400 wells and stabilised production, according to the news website Asmannews. The modernisation began with the launch of a gas compressor station with a capacity of 12 million cubic metres of gas per day, which ensured an effective transition to the gas lift method. The project was implemented jointly by engineers from ‘Nebitgazçykaryş’ and scientists from the ‘Nebitgazylmytaslama’ Institute, which made it possible to quickly implement scientific developments in production. The successful modernisation strengthens the resource base of Goturdepe, stimulates the development of the oil and gas industry and demonstrates Turkmenistan's commitment to innovation and improving energy security.
Liquefied gas from Turkmenistan is in high demand: deals worth $10 million
01.10.2025On 29 September, during trading on the foreign market, entrepreneurs from Afghanistan, the UAE, Uzbekistan, the USA, Turkey and the UK concluded deals for the supply of liquefied gas from the State Concern ‘Türkmennebit’. This was reported by the press service of the SCRMET. In addition, representatives of the UAE signed contracts with Turkmen entrepreneurs for the purchase of a 5% alcohol solution of iodine and a drink made from licorice root. A total of 14 deals were concluded for a total amount of $10.697 million.
Deals with foreign entrepreneurs are soaring on the Turkmenistan stock exchange
29.09.2025Last week, 18 deals were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the online news resource TerraNews. Businessmen from the United Kingdom and Afghanistan purchased liquefied gas from the State Concerns ‘Türkmengaz’ and ‘Türkmennebit’ for foreign currency. Representatives of companies from the UAE, Azerbaijan and Turkey purchased raw fabric, cotton fibre and purified cotton waste. The total value of export transactions exceeded $30.4 million. On the domestic market, Turkmen entrepreneurs purchased base oil produced by ‘Türkmennebit’ for more than 604,000 manats.
ADB invests $77 million to improve the qualifications of nurses in Turkmenistan
27.09.2025The Asian Development Bank (ADB) has allocated $77 million to a project to improve the quality of training for nurses and midwives in Turkmenistan — $75 million in the form of a loan from the ADB and $2 million in the form of a grant from the Japanese JFPR Fund. This was reported by the IIC of Turkmenistan. The Project, ‘Nursing Quality and Capacity Improvement,’ is the ADB's first initiative in the country's healthcare sector. Its goal is to improve the education of nurses, expand access to quality medical care, and strengthen the role of mid-level medical personnel. The total cost of the project is $98 million, of which $23 million is being provided by the Government of Turkmenistan. As part of the initiative, a new climate-resilient building will be constructed for the Ashgabat School of Nursing, with modern classrooms, laboratories, dormitories, a mothers' lounge, and an educational garden. The project will also update curricula and teaching methods, purchase modern equipment, upgrade teacher qualifications, and establish international cooperation.
Turkmenistan and Uzbekistan sign memoranda on economic cooperation
26.09.2025A business forum was held in Khiva (Uzbekistan) with the participation of representatives of the regions and business circles of Turkmenistan and Uzbekistan. This was reported by the Orient news agency. As a result of the meeting, several export contracts were concluded and Memoranda of Cooperation were signed. The forum discussed prospects for mutually beneficial cooperation in trade, investment, industrial cooperation and tourism. The participants expressed confidence that the launch of the Shavat-Dashoguz border trade zone would be a serious stimulus for the growth of trade turnover and the strengthening of interregional ties. In addition, the delegations familiarised themselves with the investment and export potential of the Khorezm region. Following the forum, the parties agreed to hold a reciprocal business mission from Khorezm to Dashoguz velayat.
EBRD forecast confirms steady GDP growth in Turkmenistan
26.09.2025The European Bank for Reconstruction and Development forecasts Turkmenistan's economy to grow by 6.3% in 2025 and 2026, according to the updated Regional Economic Prospects review, reports the ‘Finmarket’ news agency. These figures are in line with the EBRD's May forecast. In the first half of 2025, the country's GDP increased by 6.3% year-on-year. The main contributors to growth were transport, services, construction and retail trade. Investments in energy, infrastructure, agriculture and manufacturing will support the positive momentum. In 2024, Turkmenistan's economy also grew by 6.3%, repeating the previous year's performance.
A modern tea processing complex has been launched in the Ahal velayat
25.09.2025In the Ak Bugday etrap of the Ahal velayat, the ‘Makul Täjirçilik’ economic association has launched a modern complex for processing and packaging environmentally friendly tea products. This was reported by IIC. The enterprise is equipped with machinery from China, Turkey and Europe, which ensures high-quality processing of raw materials. Fresh large-leaf green and black tea leaves harvested from new plantations are used in production. At the factory, they undergo cleaning, sorting and special processing, preserving their rich taste and aroma. The finished products are sold under the ‘Lezzetli’ and ‘Garagum’ brands in various types of packaging. The new production is focused on the domestic market, but the company's strategic plans include exporting and promoting Turkmen tea abroad.
Turkmenistan prepares to host OGT 2025 conference and exhibition
25.09.2025The 30th International Conference and Exhibition ‘Oil and Gas of Turkmenistan’ (OGT 2025) will be held from 22 to 24 October in Ashgabat and will become an important platform for business cooperation and attracting investment. This was reported by the news website Asmannews. The event will be attended by representatives from China, the United States, the United Kingdom, Germany, Russia, the United Arab Emirates and other countries. This opens up new opportunities for local businesses in the field of partnerships and distribution. For effective networking, a B2B zone integrated with the ‘Business Connect’ AI platform will be created in the exhibition hall. The service generates personalised meeting agendas and simplifies the search for partners by business objectives and technologies. Participants are invited to register via the ‘Turkmen Energy Forum’ (TEF App) mobile application, where the B2B meeting system will be available. More than 500 delegates from 45 countries have already confirmed their participation. OGT 2025 is strengthening its status as a key international forum in the energy sector, with new high-level speakers and the signing of major contracts expected. The deadline for in-person registration is 10 October.
High-quality olive production is operating in Turkmenistan
22.09.2025A new branch of the agro-industrial complex is developing in the Balkan velayat: olive cultivation and processing. Imamberdi Jepbarov, a member of the Union of Industrialists and Entrepreneurs of Turkmenistan, produces products under the ‘Endigan’ brand, according to IIC Turkmenistan. On a 9-hectare plot in the Etrek etrap, 6 hectares have been allocated for olive plantations, where over 10,000 seedlings have been planted, with another 3 hectares occupied by orchards. The harvest takes place from late October to early November, with an expected yield of 15-20 kg of fruit per tree. A specialised enterprise is responsible for processing, and the products are supplied to the domestic market and are available in shops and supermarkets throughout the country. Olive trees are well adapted to the local climate, are drought-resistant and produce fruits rich in vitamins, iron and calcium.
A seminar on circular economy was held in Ashgabat
22.09.2025A two-day seminar on circular economy with a focus on women's entrepreneurship, organised by the OSCE Centre, was held in Ashgabat on 18-19 September. This was reported by the online publication Arzuw.news. Participants included representatives of parliament, relevant ministries, the Union of Industrialists and Entrepreneurs, as well as women businesspeople and university lecturers. During the hybrid event, international experts shared their experiences of implementing the circular economy as a tool for sustainable development. Particular attention was paid to the efficient use of resources, waste reduction and the role of women entrepreneurs in shaping an inclusive and sustainable economy.
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