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Last year, Turkmenistan managed to maintain a high enough rate of economic development, despite the ongoing world crisis. As a result, as of 2015, the country's growth of gross domestic product (GDP) amounted to 6.7 percent, as reported by the Turkmen Ministry of Development and Economy. This information was also announced during the expanded meeting of the Turkmen government on January 9. President Gurbanguly Berdymukhamedov delivered a speech, assessing the results of the country's development in 2015.



On January 8, during a government meeting, Turkmen President Gurbanguly Berdimuhamedov dismissed Minister of Social Welfare and Labor Bekmyrat Shamyradov. According to the presidential press service, deputy head of the department Kuvvatgeldy Redzhepov was also released from his position. “The head of state pointed out the shortcomings that have been identified in the work of the Ministry of Social Welfare and Labor. According to the President, head of the ministry Bekmyrat Shamyradov has been reprimanded more than once,” the press release reads.



On January 8, Ashgabat hosted an extended meeting of the government of Turkmenistan under the chairmanship of President Gurbanguly Berdimuhamedov. The agenda of the event included issues related to summarizing the results of activities in the year 2015, and determining the priority short-term tasks for the sectors of the national economy. In addition, the participants also discussed personnel issues and a number of draft documents of national importance.



A new ministry has been established in Turkmenistan – the Ministry of Agriculture and Water Resources. The corresponding decision was adopted for the purpose of in-depth reformation of the national agro-industrial complex and increase of its effectiveness. All the relevant documents were signed during the recent government meeting chaired by President Gurbanguly Berdimuhamedov.



JSC “Turkmen National Oil and Gas Company” (NAPECO) will be established in Turkmenistan as a close joint-stock company. This will be done in accordance with the decree on oil and gas sector reforms signed by President Gurbanguly Berdimuhamedov. According to the text of the document, the decision is aimed at achieving objectives in exploration, production and processing of hydrocarbon resources of Turkmenistan.


In the coming years, Turkmenistan will be able to retain its leading position in the world rankings by the criterion of annual growth rates, as forecast by experts of the World Bank. The recent WB report named “Global Economic Prospects” informs that Turkmenistan's economy presumably grew by 8.5 percent in 2015. As for the period 2016-2017, the economic growth rates are expected to increase even more, reaching a level of 8.9 percent.


The Turkmen capital witnessed this year's first meeting of the State Security Council of the republic chaired by the President Gurbanguly Berdimuhamedov, who is the Supreme Commander of the Turkmen Armed Forces. As reported by local media, the participants summed up the work of law enforcement and military authorities in 2015, and identified the most important challenges in terms of ensuring peace, stability, law and order.


On December 29, the Institute of International Relations under the Ministry of Foreign Affairs hosted a conference on “The role and importance of transit transport corridors – international cooperation for sustainable development.” The event was attended by heads and representatives of Ashgabat-accredited diplomatic missions, various international organizations, the Institute of International Relations, the International University of Sciences and Humanities, the Turkmen State Institute of Transport and Communications, the media.



The capital of Turkmenistan hosted a joint pre-New Year meeting of the Government of the Republic and the National Security Council, chaired by President Gurbanguly Berdimuhamedov. During the event, the head of state summed up the work performed by public authorities during the year. As pointed out in his speech, the global world economy is currently undergoing complex processes, which inevitably influences the economic development of Turkmenistan.



A new facility for production of purified water for agriculture and the population was put into operation in the north of Turkmenistan (Kunya Urgench district, Dashoguz province), as reported by the state news agency of the republic. The daily production capacity of the new plant is 50,000 cubic meters of fresh water. In addition, the main building of the new complex boasts high-production equipment of the famous German company Grundfos. This equipment is engaged in the technological cycle of water filtration and disinfection.