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Turkmenistan

08.02.2016

On February 5, Frankfurt hosted the Day of Turkmen Economy in Germany. A delegation consisting of representatives of a number of leading Turkmen ministries and departments attended the event. On the German side, the forum was participated by members of the government and heads of public organizations orientated towards business development, as well as leading experts from more than 90 companies specializing in various sectors of the economy.

 

28.01.2016

On January 27-28, Foreign Minister of the Russian Federation Sergei Lavrov will pay an official visit to Turkmenistan to hold a series of meetings with the Turkmen officials. According to political observers, the aim of this visit is to clarify the situation in the country, in particular the extent to which Turkmenistan is ready to respond to the deteriorating political and economic situation in the region. In addition, today the country has to confront the serious Afghan threat to its security. And as noted by many experts, this year, the threat will grow even stronger.

28.01.2016

On January 25, during a government meeting, President of Turkmenistan Gurbanguly Berdimuhamedov instructed the competent authorities to keep the issues related to implementation of the republic's monetary policy under strict control. According to the press service of the Cabinet of Ministers, the meeting heard reports on activities of the financial and economic system and improvement of the macroeconomic indicators of the Turkmen economy.

27.01.2016

Turkmenistan has limited the use of the international payment money transfer system Western Union by the Turkmen population. Now it can be used only by those citizens whose children study in foreign universities. A number of local information publications reported the news, adding that the actual limitation in the country is $1,000 per month and $300 per transaction. All transfers are made only in the national currency (the manat – TMT), at the state exchange rate of TMT3.5 to the US dollar.

 

26.01.2016

Turkmenistan has strengthened medical control on its borders in order to prevent the A/H1N1 influenza from ingression into the country. Appropriate safety measures have been introduced at the international airports of Ashgabat and Turkmenbashi, as well as in the international port of Turkmenbashi on the Caspian Sea. According to local media, the decision was taken at the government meeting that discussed issues related to prevention of an influenza epidemic.

 

26.01.2016

On January 24, sales of cigarettes in the state stores of Ashgabat were resumed after the 10-day break. According to an employee of one of the shops, tobacco products were delivered to retail outlets at the night of January 23-24. Before that, cigarettes were sold in commercial stores, at an overvalued price. However, according to some local media, the sales prices in commercial stores have decreased almost twofold.

 

Many people purchase tobacco products as a reserve, so a number of stores have run out of them.

 

26.01.2016

The Congress Center of the national tourist zone “Avaza” hosted a visiting session of the government of Turkmenistan, chaired by President Gurbanguly Berdimuhamedov. The meeting participants addressed topical issues related to public life and discussed a number of draft documents. The Deputy Prime Ministers of Turkmenistan reported on the work carried out in terms of improving operation of the financial and economic system of the state, and the planned increase in macroeconomic indicators.

 

26.01.2016

Turkmenistan is a consistent supporter of stability, peace and accord among the countries of the Caspian Sea basin. The republic actively supports the continuation of a constructive dialogue with the neighboring coastal countries, orientating towards mutual respect of national interests and enhancement of joint effort to implement joint projects on protection and preservation of the ecological system of the Caspian Sea.

24.01.2016

Turkmenistan is building an enterprise for production of potash fertilizers from raw materials obtained from the Garlyk potash deposit (Koytendag district of Lebap Province). According to geological studies, the deposit has total reserves of raw potassium salts exceeding 2 billion tons. As reported by local media, the region witnesses formation of a new giant industrial center, which will become the foundation of a new branch of the Turkmen economy – the mining industry.

 

24.01.2016

Turkmenistan has put into operation a specialized facility for production of caviar and sturgeon breeding. According to local media, the new enterprise was established in the administrative center of Turkmenbashi district (Balkan province), and today it's one of the largest in the region. Its founders are private enterprises Gush Toplumy, Rowan, Myradov, and the economic entity Halyf.