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In recent years, the growth rate of Turkmenistan's economy has slowed significantly, as reported by the International Monetary Fund on the results of the official mission that recently visited this Central Asian nation. The report on the results of the visit reads that the economic development of Turkmenistan is slowing down due to the impact of external factors. The internal growth that was not associated with the oil and gas industry was due to the Turkmen authorities' pursuit of diversification and attraction of loans.



Recently dismissed from the post of head of the Odessa regional administration (Ukraine) at his own request, Mikhail Saakashvili stated that there is no freedom of speech and press in Turkmenistan, while being interviewed live by journalists of Radio News. This conclusion follows from his comparison of the current Ukrainian president Petro Poroshenko and the first President of Turkmenistan Saparmurat Niyazov, who ruled the country in 1992-2006 and held the title of Turkmenbashi (translated as: “Father of the Nation”).


The capital of Turkmenistan hosted an expanded session of the government, during which President Gurbanguly Berdimuhamedov and the members of the Cabinet of Ministers summed up the performance of various sectors of the national economy during the 11 months of 2016. They also analyzed the results of the socio-economic development and reviewed other issues related to public life. In addition, there were determined specific targets for the next time period.



By 2020, the level of electricity production in Turkmenistan will amount to 26.38 billion kilowatt-hours. According to the local media, plans are afoot to establish cooperation with the neighboring countries in the region – Kazakhstan, Uzbekistan, Iran, Afghanistan, Turkey and Armenia – in organization of exports of Turkmen electricity. To date, the total installed capacity of the country's power plants reaches 5,432.4 MW. 56.9 percent of this amount accounts for gas turbine power plants.


In the Turkmen village of Okarem, on the Caspian Sea coast, there is underway the construction of a plant that will extract iodine from the free waters of the local oil fields. In addition, in accordance with the project, there will also be built warehouses and a hotel intended for the production staff. Currently, the concrete bases for industrial equipment are being poured at the site allocated for the facility, and warehouses are being built for the production staff. In the near future, the facility will be delivered the equipment purchased in Iran by “Dovletgurlushik.”


The Russian concern “Gazprom” has no plans to resume purchases of natural gas from Turkmenistan in the near future. This statement was made by deputy head of the holding Valery Golubev. Earlier, the media reported about suspension of the arbitration proceedings between “Turkmengaz” and “Gazprom” with a view to finding a mutually acceptable solution regarding the future cooperation for the period up to December 31, 2018.



Ashgabat hosted the sixth International Fair of cotton products and an international conference. These events were organized by the Ministry of Agriculture and Water Resources of the country, the Chamber of Commerce and the State Commodity and Raw Materials Exchange. The Cotton Fair and Conference are traditionally held in Ashgabat after the harvest season, as a summarization of the industry's achievements.


The Turkmen authorities intend to provide a number of benefits to foreign airlines with a view to attracting them to the Turkmen airports. During the recent meeting of the Government, Deputy Prime Minister of Communications and Transport Satlykov Satlykov reported that there had been developed certain proposals aimed at the efficient use of the country's airports. According to them, the foreign airlines that regularly use the local infrastructure will be served by on favorable terms.


On December 7-9, Ashgabat will host the 21th International Exhibition and Conference “Oil and Gas of Turkmenistan.” It will be participated by nearly 100 specialists of oil and gas companies from 40 countries of the world. In addition, the event will be attended by representatives of the relevant government agencies, banks and international organizations, as well as foreign media. The agenda of the forum will include a wide range of issues related to the energy policy of Turkmenistan.



During the recent Ashgabat-based forum, representatives of several international financial and environmental organizations, as well as the United Nations discussed the areas of cooperation in the framework of Turkmenistan's Presidency in the International Fund for Saving the Aral Sea in the next three years.