Turkmenistan: Ashgabat and Seoul discuss perspectives of trade and economic co-operation

President of Turkmenistan Gurbaguly Berdimuhammedow met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea Jong Tae-In, the Turkmen government said in a message. An exchange of views took place on the prospects for cooperation in the trade and economic sphere, energy and transport sectors, and in the field of advanced technologies. “An…

Turkmenistan: Coca-Cola on verge of leaving

Turkmenistan Coca-Cola Bottlers Ltd., engaged in the production and distribution of soft drinks, is on the verge of closure and has already stopped production. The company has faced difficulties with currency conversion, problems with the import of ingredients needed for the production of beverages and pressure from local business companies. Only remains of beverages produced…

Turkmenistan: Afghanistan highlights importance of infrastructure projects

Turkmen President Gurbanguly Berdimuhamedov has met with Chief Adviser on Infrastructure and Technology to the Afghan president Mohammad Humayon Qayoumi, the Turkmen government said in message on November 17. According to the message, Qayoumi stressed the great importance of the large-scale projects, which were being implemented, for the regional countries. Among those projects is the…

Turkmenistan: ADB OKs first strategy to back diversification of energy markets

The Asian Development Bank’s (ADB) Board of Directors has endorsed a 5-year Country Partnership Strategy for Turkmenistan to support regional cooperation and economic diversification during 2017-2021. The Bank announced that the document was ADB’s first full Country Partnership Strategy (CPS) with Turkmenistan since the country joined ADB in 2000. Turkmenistan has made important progress in…

Turkmenistan: cooperation with IDB mulled

Turkmenistan’s Ministry of Foreign Affairs held talks with Hisham Taleb Maarouf, acting director of the Islamic Development Bank’s (IDB) regional office for Central Asia, said the ministry in a message. During the meeting, the parties expressed commitment to further consolidate efforts, according to the ministry. Expressing hope for fruitful cooperation on the reconstruction of neighboring…

Turkmenistan: new port to open huge opportunities for optimizing transport flows

President of Turkmenistan Gurbanguly Berdimuhamedov inspected the construction of a new international sea port in Turkmenbashi on the Caspian shore. The project is being implemented by Turkey’s Gap Insaat. The project is an important part of Turkmenistan’s complex industrialization, said Berdimuhamedov, adding that its implementation would create more than 2,500 jobs. It was noted that…

Turkmenistan: production of mineral fertilizers up

Providing Turkmenistan with efficient mineral fertilizers is of great importance for increasing the yield of cultivated crops to ensure the country’s abundance in food and development of fodder supply for livestock and poultry farming. In particular, the commissioning of a carbamide plant under construction in Garabogaz city (Balkan district, Turkmenistan) is scheduled for June 2018,…

Turkmenistan becoming transport and logistics hub of international importance

Turkmenistan is turning into a country of major transport and logistics hubs of interregional and intercontinental importance located along the Silk Road, the country’s President Gurbanguly Berdimuhamedov said in an appeal to employees of the state customs service in connection with their professional holiday. Turkmenistan’s positions in the global economic space are being strengthened, he…

Turkmenistan and Ukraine discussing infrastructure projects

President of Turkmenistan Gurbanguly Berdimuhamedov met with Ukrainian businessmen, Chairman of the Board at Interbudmontazh Construction Association Vladimir Petruk and Director General of Altcom Financial Industrial Group Alexander Tislenko, the Turkmen government said in a message. President Berdimuhamedov noted that Turkmenistan aimed at mutually beneficial cooperation with foreign partners, including with the business circles of…

Turkmenistan: planting campaign of winter grains complete

In Turkmenistan, agrarians have already completed the planting campaign of winter grains throughout the areas of 760 thousand ha, the Ministry of Agriculture reported. According to the President of Turkmenistan, Gurbanguly Berdimuhamedow, high-quality and well-organized planting campaign is the guarantee of a rich harvest. Turkmen grain producers provide the country’s food independence, and increase the…

Turkmenistan: Ashgabat and Bucharest mull transport and energy issues

The next round of consultations between the foreign ministries of Turkmenistan and Romania has recently taken place in Bucharest, the Turkmen Foreign Ministry said in a message. At the meeting, the sides noted the development of relations in the political and diplomatic, trade-economic and cultural-humanitarian spheres. “Particular attention was paid to energy and transport issues,”…

Turkmenistan developing regional railway infrastructure

Turkmen President Gurbanguly Berdimuhamedov congratulated Turkmen railway workers on putting a locomotive depot into operation in Bereket city, Balkan region. A locomotive depot has been built along the Kazakhstan-Turkmenistan-Iran railway commissioned in December 2014. Railway transport is one of the most important segments of the Turkmen national economy. Big international projects have been implemented, railway…

Turkmenistan: cooperation with Singapore to be intensified

President of Singapore Halima Jakob expressed her desire to expand cooperation with Turkmenistan in a letter to the President of Turkmenistan Gurbanguly Berdimuhamedov. Noting that friendly relations were established between two countries, Halima Jakob “expressed confidence that mutually beneficial Turkmen-Singapore cooperation will be activated along the entire spectrum of directions.” Earlier it was reported that…

Turkmenistan: diversification of gas supplies to world markets to be mulled in Ashgabat

The 22th international conference and exhibition Oil and Gas Turkmenistan 2017 (OGT) will be held in Ashgabat on November 2-4, the Turkmen government said in a message. “Special attention will be paid to the diversification of supplies of Turkmen natural gas to world markets. In particular, the progress of construction and prospects of the Turkmenistan-Afghanistan-Pakistan-India…