Over 56% of gross production of Turkmenistan with the exception of fuel-energy complex fell on private sector in 2012. The growth pace of production of industrial products by the enterprises of the Union of Industrialists and Entrepreneurs of Turkmenistan within 11 months of 2013 as compared with analogous period of the last year came to 181%, agriculture – 166%. Building and construction works have been realized by 88% higher. At that, the growth pace of total commodity turnover in UIET is 220%, volume of services rendered to population – 244%.
For maintenance of sustainable and dynamic growth of the country’s economy, the state stimulates the demand for products and services of high quality, using the instruments of financial, insurance and stock-exchange policy, management and use of state ownership, innovative development of economy and decrease of interference in issues of development of business. Relations with entrepreneurship are established on the principles of partnership, honesty and transparence.
For development and support of the entrepreneurial sector, the head of state authorized the banks of Turkmenistan to issue loans to private businessmen for introduction of business projects into sectors of industry, agriculture, transport, communications, services, information technologies, innovations. On the basis of positive resolution of the state committee, the Banks of the country issue long-term and short-term loans on given investment projects and business plan. On the grounds of worked out provision, the long-term loans are issued for investment in fixed assets for a term up to 10 years at 5 percent interest per annum and short-term credits for a term up to a year – for working assets. The loans can be in national and foreign currency.
In 2013, the Union of Industrialists and Entrepreneurs of Turkmenistan celebrated the 5th anniversary since its foundation. One of the main achievements of UIET is the creation in 2012 of the Party of Industrialists and Entrepreneurs of Turkmenistan. The members of the Union of Industrialists and Entrepreneurs of Turkmenistan take an active part in realization of national program on socio-economic development of the country in 2012-2016. The task to construct in this period and put over 200 socio-industrial facilities into exploitation sets before them. It will be also created the industrial zone and base of the Union. In the provinces, it is planned the creation of new trade-industrial, consumer centers, filling shops, enterprises for production of confectionery and bakery products, vegetable oil, fruit juices, tinned food, non-alcoholic beverages, meat and dairy products, farms, enterprises and plants for production of building materials and others.
Today, using the latest technologies, the Turkmen entrepreneurs realize their activity in various trends – construction, trade, public catering, agriculture, industry, in the field of education, tourism, physical culture and sports, advertising and publishing activities. Turkmen private construction companies actively participate in the international tenders on realization of civil and erection works, repair jobs, because, our entrepreneurs have accumulated enough experience in conduction of high-quality construction operations and not worse than foreign analogs.
Investment activity of the entrepreneurial structures on production of building materials for construction sector is aimed at development of production of new efficient, competitive kinds of building materials, articles and structures, which application will provide the decrease of the cost of housing development with increase of the level of its comfort, creation of facilities for production of buildings materials and articles on the basis of new resource and energy-efficient technologies, materials providing the reduction of loss of heat in the construction structures; development of production of modern articles for housing development as well as maximum use of local building materials.
For maintenance of sustainable and dynamic growth of the country’s economy, the state stimulates the demand for products and services of high quality, using the instruments of financial, insurance and stock-exchange policy, management and use of state ownership, innovative development of economy and decrease of interference in issues of development of business. Relations with entrepreneurship are established on the principles of partnership, honesty and transparence.
For development and support of the entrepreneurial sector, the head of state authorized the banks of Turkmenistan to issue loans to private businessmen for introduction of business projects into sectors of industry, agriculture, transport, communications, services, information technologies, innovations. On the basis of positive resolution of the state committee, the Banks of the country issue long-term and short-term loans on given investment projects and business plan. On the grounds of worked out provision, the long-term loans are issued for investment in fixed assets for a term up to 10 years at 5 percent interest per annum and short-term credits for a term up to a year – for working assets. The loans can be in national and foreign currency.
In 2013, the Union of Industrialists and Entrepreneurs of Turkmenistan celebrated the 5th anniversary since its foundation. One of the main achievements of UIET is the creation in 2012 of the Party of Industrialists and Entrepreneurs of Turkmenistan. The members of the Union of Industrialists and Entrepreneurs of Turkmenistan take an active part in realization of national program on socio-economic development of the country in 2012-2016. The task to construct in this period and put over 200 socio-industrial facilities into exploitation sets before them. It will be also created the industrial zone and base of the Union. In the provinces, it is planned the creation of new trade-industrial, consumer centers, filling shops, enterprises for production of confectionery and bakery products, vegetable oil, fruit juices, tinned food, non-alcoholic beverages, meat and dairy products, farms, enterprises and plants for production of building materials and others.
Today, using the latest technologies, the Turkmen entrepreneurs realize their activity in various trends – construction, trade, public catering, agriculture, industry, in the field of education, tourism, physical culture and sports, advertising and publishing activities. Turkmen private construction companies actively participate in the international tenders on realization of civil and erection works, repair jobs, because, our entrepreneurs have accumulated enough experience in conduction of high-quality construction operations and not worse than foreign analogs.
Investment activity of the entrepreneurial structures on production of building materials for construction sector is aimed at development of production of new efficient, competitive kinds of building materials, articles and structures, which application will provide the decrease of the cost of housing development with increase of the level of its comfort, creation of facilities for production of buildings materials and articles on the basis of new resource and energy-efficient technologies, materials providing the reduction of loss of heat in the construction structures; development of production of modern articles for housing development as well as maximum use of local building materials.