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…