Home
\
Economy
\
Agency for Protection from Economic Risks to Assess Foreign Subcontractors
Economy
Agency for Protection from Economic Risks to Assess Foreign Subcontractors
Published 28.04.2017
2768

The President of Turkmenistan signed the Decree prescribing the government agencies, enterprises and organizations, as well as those with state participation, to give consent to their contractors, delivering at their order the works and services specified in the investment projects implemented in Turkmenistan by legal entities, their affiliated branches and representations, to hire as subcontractors the foreign legal entities, their affiliated branches and representations, as well as the enterprises with foreign capital, only if they have the positive conclusion of the Agency for Protection from Economic Risks under the Ministry of Economy and Development of Turkmenistan. The document was developed to achieve the economic efficiency of investment projects implemented in the country; make best use of the potential of local construction enterprises; and protect the national economy from potential specific risks. Pursuant to the Decree, the Agency for Protection from Economic Risks under the Ministry of Economy and Development of Turkmenistan must ensure the issuance of conclusions to foreign legal entities, their affiliated branches and representations, as well as to the enterprises with foreign capital, selected as subcontractors to deliver works and services specified in the above-mentioned investment projects.

Last news
23.09
Decree of the President of Turkmenistan on declaring the 28th of September, 2026, a non-working day and on moving the day off that falls on Independence Day of Turkmenistan
23.09
The National strategy for industrial development of Turkmenistan for 2030–2045 has been approved
23.09
The National concept «International law and neutrality of Turkmenistan» was approved
23.09
The State program in the field of State youth policy in Turkmenistan for the period up to 2031 has been approved
23.09
The National action plan on human rights in Turkmenistan for 2026–2030 has been approved
23.09
Decree of the President of Turkmenistan on awarding the title of Turkmenistan "Hormatly il ýaşulusy"
23.09
Decree of the President of Turkmenistan on awarding the Order of Turkmenistan «Zenan kalby»
23.09
The President of Turkmenistan congratulated the leadership of the Kingdom of Saudi Arabia
22.09
Telephone conversation between the President of Turkmenistan and the President of the Republic of Uzbekistan
22.09
Telephone conversation between the President of Turkmenistan and the President of the Russian Federation
top-arrow