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Turkmenistan

27.11.2016

At the recent regular meeting, Turkmenistan's Parliament unanimously adopted the country's new law “On the State Budget for 2017.” According to the Turkmen State News Agency, in 2017, the profitable part of the budget is set at 103 billion 571.6 million manat, while the expenditures will amount 104 billion 871.6 million manat. As a result, the 2017 state budget was established with a deficit of 1.2 percent of the total amount of expenditures, or 1.3 billion manat.

 

22.11.2016

Since the beginning of November 2016, the law enforcement agencies of Turkmenistan has been carrying out a large-scale operation aimed at curbing the activities of speculators who buy and sell foreign currency illegally. As reported by several local media, the “baiting” method is widely used by police officers in the course of the operation. In other words, they change into civilian clothes and pretend to be willing to buy different currencies: dollars, euros, rubles and soums (the currency of Uzbekistan).

 

18.11.2016

Ashgabat has hosted a scientific-practical conference on diets during childhood obesity, diabetes, as well as methods of treatment of these diseases. The event was organized by the Ministry of Health and Medical Industry of the country, which was assisted by the staff of the Country Office of the World Health Organization. In addition, the conference participants also examined a physical activity strategy for the European Region, and a new action plan in the field of food products for the period 2015-2020.

 

15.11.2016

In Turkmenistan, plans are afoot to introduce a system of compulsory state insurance of civil liability in respect of owners of motor vehicles. The corresponding decree was signed by President of Turkmenistan Gurbanguly Berdimuhamedov on November 14, as reported by the local media. The Turkmen leader instructed the Ministry of Finance, the State Insurance Organization and the Ministry of Justice to prepare a proposal on revising and amending the existing national legislation and to subsequently submit it to the government.

 

10.11.2016

Within the recent joint conference in Ashgabat, Turkmenistan and South Korea discussed the issues related to implementation of several new projects in various spheres of economic activity. The local media reported the news on November 8. According to them, the event was held under the motto “Proposals and technological cooperation in various fields of energy, industry and transport.” It was participated by representatives of both public and private companies, as well as other entities of Turkmenistan.

03.11.2016

Turkmenistan and Russia will continue and develop cooperation in the sphere of fuel and energy complex (FEC), which is strategic for both countries. The Turkmen state news agency “Turkmen Dovlet khabarlary” reported the news after President Gurbanguly Berdimuhamedov visited Moscow on November 1.

01.11.2016

Turkmenistan continues construction of the first stage of the Asian international transport corridor at the section between the settlements Atamyrat – Imamnazar (in the Turkmen territory), and to Akina (Afghanistan). According to the Turkmen State News Agency, to date the completion traveling grates have already been laid in this section. The total length of this section of the pipeline “Turkmenistan – Afghanistan – Tajikistan” is 88 kilometers, of which 85 kilometers are in the territory of Turkmenistan.

19.10.2016

On October 15, the Parliament of Turkmenistan adopted a resolution “On appointment of the date of the presidential elections.” In accordance with this document, the next presidential election will take place on February 12, 2017. According to the State Information Agency, the campaign will for the first time be participated by candidates from three parties. In addition to the Democratic Party of Turkmenistan, it will include the Agrarian Party and the Party of Industrialists and Entrepreneurs.

 

16.10.2016

The Islamic Development Bank will provide Turkmenistan with credit facilities in the amount of $700 million, which will be used to finance construction of the Turkmen section of the major gas pipeline “TAPI” (Turkmenistan – Afghanistan – Pakistan – India). As reported by the local media on October 13, the relevant agreement was signed during the autumn session of the World Bank and the International Monetary Fund, which was held in Washington.

12.10.2016

In early November 2016, Turkmenistan and Afghanistan intend to start operation of the railway “Atamyrat – Imamnazar – Akin,” which is to become an integral part of the railway transport corridor “Turkmenistan – Afghanistan – Tajikistan.” According to the Turkmen media, at the same time the customs point “Imamnazar” will put into operation a terminal specialized in reception, storage and shipping of oil products with an annual throughput capacity of 540,000 tons.