During the session of the Government on May 11, the President of Turkmenistan focused in the involvement of the potential of railway sphere for the development of multimodal transport and communication system. President Gurbanguly Berdimuhamedov highlighted that International Seaport was opened in Caspian Sea recently, which operation undoubtedly would lead to strategic changes of logistic infrastructure of continental communications. Turkmen transit hubs will be important components of this system.

The analysis and research magazine, Finance and Economics, established in 2018 is a new product on the country’s information market. According to the Resolution by President Gurbanguly Berdimuhamedov, the bimonthly publication is issued in Turkmen, Russian and English.

Ground-breaking ceremony for the construction of new modern industrial facility that would be built according to the Programme of the President of Turkmenistan of social and economic development of the country in 2018 – 2024 as well as to the objectives of textile industry for the increment of export production was held in Babadayhan etrap.

16 transactions were registered at the trades of the State Commodity and Raw Material Exchange of Turkmenistan last week.

Macroeconomic indices for four months of the year were presented at the session of the Government dedicated to the outcomes of the development of the country in January – April 2018. For the period under review, the growth of the GDP was 6.2 percent including 4.6 percent in industrial complex, 0.4 percent in construction, 10.4 percent in transport and communication sector, 7.8 percent in trade, 3.2 percent in agriculture and 10.1 percent in service sphere.

During the session of the Cabinet of Ministers, Deputy Chairman D. Amangeldiyev informed on the work for construction of boundary automobile road Turkmenbashy – Garabogaz – Kazakhstan.

8th session of joint Turkmen – German Committee was held in Berlin on April 29 – May 1. During the meeting, the sides exchanged the opinions on further development of trade and economic, cultural and humanitarian relations between two countries, on attraction of investments to the programmes and bog projects in Turkmenistan including in oil, gas and energy industries and transport and transit sphere.

The indicators of 4 months of 2018 for the Ministry of Industry in terms of the volume of products, works and services performed amounted to 126.5 percent, compared to the same period of the last year, the growth rate is 111, 1 percent.

Since the beginning of the year, the volume of trade turnover in the Ministry of Trade and Foreign Economic Relations has increased by 5.1 percent compared to the same period in 2017.

The results of 4 months of 2018 testify to the stable operation of oil and gas enterprises. The plan for oil and gas condensate production was fulfilled by 102.2 percent, processing of hydrocarbon raw materials by 101.6 percent, production of gasoline by 102.1 percent, diesel fuel by 100.2 percent, polypropylene by 102 percent, lubricating oils - 107.6 percent, liquefied gas - 102.7 percent, investment development - 102.8 percent. The construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline is carried out according to the plan.