Exhibition and conference of the Union of Industrialists and Entrepreneurs of Turkmenistan will be organized in the middle of March. The exhibit will demonstrate the experience, achievements and growing potential of small and medium size businesses that are expanding into new segments of the domestic market and reaching the international level.

The Ministry of Energy of Turkmenistan developed the plan to train specialists, within the country and abroad, who will work at the 1574 MW combined cycle power plant that is being constructed at Mary Hydropower Plant, as well as to send them to Europe to study the best practices.

In the light of development of market relations and as measures of economic incentives for the tourism industry of the country, proposals are developed to improve the efficiency of managing the hotel chain in Avaza National Tourist Zone.

Under the Sate Program for the Development of Production of Electronic Equipment, the Ministry of Industry of Turkmenistan establishes organizations focused on forming the local network of special enterprises that will use the most advanced innovative technology.

In order to diversify the economy and implement the State Program of Privatization of Enterprises and Objects of State Property for 2013-2016, the President of Turkmenistan has signed the Resolution “On the Establishment of Open Joint-Stock Company “Turkmenistan Airlines”.

President Gurbanguly Berdymuhamedov, while on a visit to the city of Turkmenabat, has received Director General of Altcom Financial Industrial Group Alexander Tislenko.

Turkmen banks will allot easy term credits to peasant associations, economies, unions, agricultural research institutes, land owners, and tenant farmers, private businessmen - manufacturers of agricultural produces and legal entities not belonging to the state. The corresponding Resolution was signed by the President of Turkmenistan.

At the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 64 transactions were registered this week. For foreign currency businessmen from Russia, the USA, Great Britain, Turkey, Afghanistan and others bought polypropylene, motor gasoline, total oil coke manufactured at Turkmenbashi oil refineries complex.

In the framework of economic reforms initiated in Turkmenistan, the private sector, entrepreneurs and industrialists play an increasingly important role. This is seen in the results of the first two months of 2017.

Dynamic development of the country’s economy continues in 2017. During the past two months, Turkmenistan preserved the GDP growth dynamics, which equaled to 6.2 per cent in January-February. The increase amounted to 7.8 per cent in agriculture; to 16.9 per cent in trade; to 14.2 in transport and communication; and to 10.3 per cent in the services sector.