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Economy

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25.08.2021

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Belarusian felt boots made of Turkmen wool

The only felting-felt factory in Belarus has survived in the town of Smilovichi. The main product that has been produced there for a hundred years now is felt boots made of sheep wool, including those brought from Turkmenistan.

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24.08.2021

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Private business development priorities

The textile industry is one of the leading sectors of the economy of Turkmenistan. Thanks to the comprehensive support of the state, it has become the most dynamically developing industry.

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23.08.2021

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Production of the oil and gas complex and textiles – at the top of exchange auctions

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 46 transactions were registered. 

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23.08.2021

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The success of the potato growers of the northern region

Planting of autumn potatoes has been completed in the north of the country. This year, in the Dashoguz velayat, the bulk of the area for the second crop in the year is located in the etrap named after Gurbansoltan-edzhe, which is the largest producer of the "earthen apple" in the region. Large volumes of autumn potatoes will also be grown in the Niyazov etrap and the Gubadag etrap. Due to the high level of work organization, the availability of a sufficient amount of high-quality seed and specialized equipment, an important agrotechnical event was successfully carried out in a short time. Potato growers expect to collect at least 140 centners of tubers from each hectare before the onset of cold weather.

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20.08.2021

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«Fitch Ratings» assigned credit ratings to Turkmenistan

The international rating agency «Fitch Ratings» assigned the following ratings to Turkmenistan: short-term rating on the level «B» and the long-term rating on the level «B+ stable» which proves the stable development of the national economy of Turkmenistan.

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20.08.2021

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The new power plant is preparing to start up

On the territory of the Lebap state power plant, construction work, installation of power plants, switchgears and commissioning work at a new gas turbine power plant, which is prepared for launch by the Japanese company Sumitomo Corporation, have been completed.

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19.08.2021

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Private farms expand export supplies

This year, agricultural producers of Turkmenistan have grown a rich harvest of melons, fruits and vegetables and legumes. The private sector played a major role in the development and strengthening of the agro-industrial complex (AIC). According to the Union of Entrepreneurs of Turkmenistan (UIET), the lion's share of food products is grown by private farms and business structures. Turkmen entrepreneurs are working to increase food production by developing new irrigated lands, organizing additional crops on these lands, planting fruit trees and grapes, and expanding the area of greenhouses. This makes it possible to saturate the domestic market and increase export supplies.

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18.08.2021

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Prospects for the global LNG market and its production in Turkmenistan

The specialists of the Lebap velayat liquefied gas production department are approaching the celebration of the 30th anniversary of the state Independence of Turkmenistan with high production rates. For seven months of this year, the growth rate for the production of liquefied gas, compared to the same period in 2020, amounted to 106.8%. About 44 thousand tons of commercial products were produced. The site of oil and gas information of Turkmenistan reports.

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18.08.2021

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Production of all components

The production of all the necessary components for the construction of a multi-apartment large-panel residential building of 148-U series has been launched at the Dashoguz concrete product plant of the Ministry of Industry and Construction Production of Turkmenistan.

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17.08.2021

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The service centre for power engineering specialists under construction

Experts of contract organisation - «Çalık Enerji» company have started installation of equipment in the centre for repair and service of power equipment which is created by the order of Türkmenenergo State Corporation. In total for three years - to the middle of 2022 - «Çalık Enerji» company should finish creation of the modern largest hi-tech base in Central Asia for Turkmenenergoabatlayish enterprise where for the first time in local conditions service, first of all, for repair of powerful gas turbines by which power stations are equipped will be organised. Simultaneously with its building there the training of qualified personnel also continues.

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