Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 35 transactions were registered.

In order to improve the architectural and town-planning image of the country, strengthening the quality control of constructed facilities, the President of Turkmenistan signed the Resolution, according to which in contracts concluded with local construction enterprises, regardless of the form of ownership of the construction of buildings and structures, their reconstruction based on orders of ministries , branch departments, other state institutions, enterprises, organizations and khyakimliks, regardless of the sources of funding, prescribed to provide compulsory payment of 5 percent of the cost of actually performed work without taking into account VAT on conditions of strict commissioning of the facilities by the Contractor, approval of the certificate of the state acceptance committee and the expiry of the one-year warranty period.

The transport sector of Turkmenistan will increase the volume of passenger transportation during the New Year holidays. The Deputy Prime Minister B. Annameredov, who oversees transport and communications, reported about it at the government meeting.

In order to maintain food abundance in the domestic market of the country, stable provision of the population with fish products, as well as conservation and reproduction of fish resources, appropriate steps are being taken to strengthen the material and technical base of this industry.

President Gurbanguly Berdimuhamedov signed a Resolution prescribing all enterprises, institutions and organizations (with the exception of credit institutions), regardless of the type of ownership, to switch to International Accounting and Financial Reporting Standards as from 1 January 2019.

In his speech to the Elders’ Council in October, President Gurbanguly Berdymuhamedov identified wider use of cutting-edge space technology in various sectors of the national economy as key short-term tasks. By a decision of the head of state, some 1 billion 300 million manats are to be allocated for the domestic space industry development in 2018-2024.

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 21 transactions were registered.

Construction of a large industrial complex with a factory for the production of quartz sand - the main raw material for glass production started in 2015. The project was implemented within the framework of state import substitution and export-oriented programs.

The construction of the railway in Afghanistan for the support the development of Turgundy railway station is carried out according to the schedule.

The capital hosted regular session of Turkmen – American business council, which agenda included the perspectives of further development of bilateral cooperation.