Steadily following the course of fundamental reforms, Turkmenistan has entered new stage of its history in 2017, which was formulated by the President of the country Gurbanguly Berdimuhamedov as a period of steadfast development and further successful implementation of large-scale reforms.

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 29 transactions were registered.

The GDP growth rate in the industrial sector made up 5.5 percent, in the construction sector – 1.3 percent, in the transport and communications complex – 11.1 percent, in the trade sphere – 9.4 percent, in the agricultural sphere – 5 percent and in the sphere of services – 9 percent.

The spheres of transport and communications completed the year of 2017 with the positive growth indicators. Reporting during the enlarged meeting of the cabinet of ministers of Turkmenistan, Vice Premier B. Annameredov noted that the services for cargo and passenger transportation were provided to the amount of 4.892 billion manat, the plan was fulfilled 103 percent, and the growth rate made up 105 percent.

In 2017, the revenues of the State budget of Turkmenistan made up 101.8 percent and the expenditures of the State budget - 96.4 percent. The wage, pension, state benefit payments and scholarship, had been financed in a proper and timely manner.

At the expanded meeting of the Government, held on January 26, the results of the national contest for the title of the best etrap of Turkmenistan were announced. When summarizing the results of the contest, a special commission headed by the National Center of Trade Unions took into account such indicators as the successful implementation of the national rural program, the fulfillment of contractual obligations to collect grain and cotton, and the commissioning of social and cultural facilities.

According to the instruction of President Gurbanguly Berdimuhamedov, the delegation of Turkmenistan made working trip the capital of Great Britain for expansion of bilateral cooperation, search for new forms of collaboration with traditional partners and making of business contacts with the companies trying to enter perspective Turkmen market.

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 18 transactions were registered.

International Exhibition of Industrial Productions, Equipment and Modern Technologies will be held at the exhibition centre of Trade and Industrial Chamber of January 31 – February 2. At present moment, the applications for participation were submitted by the representatives of foreign companies as well as enterprises and establishments of the ministries and departments of our country and the members of the Union of Industrialists and Entrepreneurs.

Saudi Arabia puts considerable amount of investment in the construction of the TAPI gas pipeline. Financial resources for TAPI have been allocated by the Saudi Development Fund due to the agreements reached during the official visit of the President of Turkmenistan to the Kingdom of Saudi Arabia in May 2016, according to Babayev M., the vice premier in charge of the fuel and energy complex.