Economy
ADB intends to continue assisting Turkmenistan in developing its transport infrastructure
16.11.2025From 12 to 14 November, Ashgabat hosted the 18th International Exhibition and Scientific Conference ‘Türkmentel–2025’ and the forum ‘International Transport and Transit Corridors: Interconnection and Development–2025’, reports AsmanNews. On the sidelines of the events, Artur Andrysiak, Director of the Asian Development Bank (ADB) Permanent Mission in Turkmenistan, spoke about the bank's current projects in the country. He noted that the ADB has been cooperating with Turkmenistan for 25 years, supporting the development of infrastructure, transport, energy and healthcare. Currently, the bank is working with the Turkmenistan government to implement projects to modernise railway infrastructure and human capital development programmes. Agreements have recently been signed on new infrastructure projects, including the construction of a secondary medical school in Ashgabat, which, according to A. Andrysiak, will make an important contribution to the country's healthcare system. He also emphasised the strategic importance of Turkmenistan in the North-South and East-West transport corridors, noting the ADB's readiness to continue supporting projects in these areas.
‘Türkmen-Innowasiýa’ presented new payment solutions at ‘Türkmentel-2025’
15.11.2025At the 18th International Exhibition ‘Türkmentel-2025’, the individual enterprise ‘Türkmen-Innowasiýa’ presented a line of new payment and cash register devices. This was reported by AsmanNews. The company, which has been operating since 2008, specialises in software development and the implementation of digital solutions for the banking sector, government agencies and private businesses. ‘Türkmen-Innowasiýa’ actively cooperates with international technology partners, including NBA Technologies International, Verifone, PAX and GRG. Terminals equipped with a biometric facial recognition system attracted particular interest at the exhibition. Such solutions speed up the payment process, increase security and comply with modern international standards. As noted by company representative Mihail Kudryashov, the company has implemented a number of projects that have already made a significant contribution to the development of the country's digital economy. Key initiatives include a national instant payment system for mobile communications, internet, utilities and administrative fines. The company supplies and services equipment throughout Turkmenistan, with offices in all five velayats.
Seydi Oil Refinery boosts production capacity amid neutrality anniversary
15.11.2025Employees of Turkmenistan's oil and gas industry are showing strong results ahead of the country's 30th anniversary of neutrality. This was reported by the state news agency ‘Turkmenistan: Golden age’. The industry is implementing large-scale projects for exploration, industrial development, increasing hydrocarbon production and processing, as well as ensuring energy supplies to consumers. The Seydi Oil Refinery, located in the Lebap velayat, is making a significant contribution to the dynamic development of the sector. The enterprise produces hydrocarbon-based products that are in demand, including on international markets. In the first ten months of 2025, the enterprise processed 448,000 tonnes of oil, which is 19.1 percent more than in the same period last year. Of the total volume of products manufactured, 214,000 tonnes were various grades of petrol supplied to consumers. Its output grew by 10.9 percent, confirming a consistent increase in production efficiency. From January to October of this year, the plant also produced 103,700 tonnes of diesel fuel and more than 20,400 tonnes of road bitumen. The growth rate of production of these types of products compared to the same period last year reached 6.8% and 22.9%, respectively. These results were achieved through comprehensive modernisation of the enterprise, the introduction of modern equipment and the creation of conditions that ensure high labour productivity and comfort for employees.
Winners of the ‘Digital Solution’ competition at ‘Türkmentel–2025’ announced
14.11.2025The award ceremony for the winners of the ‘Digital Solution-2025’ competition was held at the Chamber of Commerce and Industry of Turkmenistan as part of the closing ceremony of the 18th International Exhibition and Scientific Conference ‘Türkmentel-2025’, one of the main industry events in the field of telecommunications and information technology in the country. This was reported by IIC. The participants' works were evaluated according to a number of criteria, including the relevance and innovativeness of the solutions, economic efficiency, ease of use, design quality, and the availability of source code. Both individual developers and teams of up to three people participated in the competition. As a result of the competition, 42 participants were recognised in seven categories: 7 first places, 14 second places and 21 third places were awarded. The winners received plasma TVs and laptops as prizes. The runners-up were awarded laptops, and those who took third place were awarded tablets. All winners were also awarded corresponding diplomas.
Final day of the forum: Turkmenistan focuses on digital transformation
14.11.2025Today is the final, third day of the major International Exhibitions ‘Türkmentel–2025’ and ‘International Transport and Transit Corridors: Interconnection and Development – 2025’, held jointly at the Chamber of Commerce and Industry of Turkmenistan. This was reported by IIC. The central event of the day was a seminar organised by the International Telecommunication Union on the topic ‘Digital Transformation of Public Administration: From Digital Registers to the Introduction of Artificial Intelligence.’ The discussion of global trends and practices in the field of e-Government confirmed Turkmenistan's focus on modernising public administration and actively implementing advanced digital solutions. The winners of the ‘Digital Solution – 2025’ innovative projects competition will be announced in the final part of the forum. The competition is aimed at stimulating the development of the national IT ecosystem and supporting young professionals, and its key areas cover artificial intelligence, robotics, the concept of a ‘smart’ city, digital medicine and e-Education. The joint holding of two major exhibitions for the first time in this format attracted more than 80 companies from dozens of countries and confirmed the growing status of Turkmenistan as an important regional hub in the fields of digital technologies, telecommunications and transport and logistics solutions.
Young Turkmen developers declared themselves at the 2025 Startup Forum
14.11.2025A panel discussion, which was held as part of the International Startup Forum 2025, became a key platform for discussing the future of IT entrepreneurship in the region. This was reported by the state news agency ‘Turkmenistan: Golden age’. Experts from Turkmenistan and Central Asian countries focused on systemic issues that determine the growth of the technological ecosystem. The discussion centred on improving the legal and regulatory conditions for business, training and retaining personnel, expanding access to investment for early-stage startups, and creating effective tools for state and private venture funds. The participants were particularly interested in the presentation by Perman Annamammedov, co-founder of the KinesteX startup. At the age of 24, he has already implemented a project that has become a notable example of the potential of young IT entrepreneurs in Turkmenistan. The team has developed an innovative fitness app based on fast artificial intelligence. Its goal is to support users who strive for regular training and a healthy lifestyle. The built-in AI assistant works like a personal trainer: it analyses movement technique in real time through a smartphone camera, gives recommendations on how to adjust exercises, provides nutrition advice and helps reduce the risk of injury. The key focus is on motivation and sustainable habits. The project's financial results confirm its success: after the latest round of venture capital investment, KinesteX's valuation reached $8 million — a significant figure for a startup with only three years of history.
Boeing representative emphasised Turkmenistan's progressive approach to aviation development
14.11.2025Turkmenistan remains one of the regional leaders in the introduction of modern aviation technology and demonstrates a strategic approach to the development of civil aviation. This was stated by Boeing Commercial Sales Director Pavel Chichko, speaking at the International Conference ‘International Transport and Transit Corridors: Interconnection and Development – 2025’ (ITTC–2025), according to Turkmenportal. According to him, Turkmenistan is consistently setting high standards for the industry, not only developing a modern aircraft fleet and airport infrastructure, but also expanding the routes of the national carrier. The Boeing representative recalled that the company's cooperation with the national airline of Turkmenistan has been going on for several decades. ‘There is currently a firm order for the delivery of Boeing 737s, which will be an important element in the renewal of the narrow-body aircraft fleet,’ he said, adding that the company is ready to consider expanding its fleet of wide-body aircraft for long-haul flights.
‘Türkmentel-2025’ highlights Turkmenistan's progress in the digital sphere
14.11.2025Secretary-General of the International Telecommunication Union (ITU) Doreen Bogdan-Martin, speaking at the 18th International Exhibition and Scientific Conference ‘Türkmentel–2025’ and the forum ‘International Transport and Transit Corridors: Interconnection and Development – 2025’ in Ashgabat, noted Turkmenistan's contribution to the formation of the foundations of a hyper-connected world. This was reported by TerraNews. She emphasised that the country has made significant progress in the development of digital infrastructure, and that the 5G communication standard has been introduced in the ‘smart’ city of Arkadag, allowing for the integration of digital services and modern technological solutions. Speaking about the global agenda, Bogdan-Martin noted that bridging the digital divide and achieving universal connectivity will require significant effort and will likely take until 2030. The ITU Head also highlighted the importance of ‘Türkmentel–2025’ as an international platform for sharing experiences and strengthening partnerships. ‘The forum creates opportunities to join forces and adopt best practices on the path to common goals,’ she emphasised.
Ashgabat presents its digital transformation strategy on the international stage
14.11.2025Turkmenistan considers digitalisation to be one of the key drivers of national development and is consistently implementing major projects to modernise the telecommunications sector. This was stated by Minister of Communications Hajymyrat Hudaygulyev, speaking at the International Startup Forum organised as part of the ‘Türkmentel–2025’ conference. This was reported by Turkmenportal. According to the minister, digital transformation is enshrined as a key area of state policy. Hajymyrat Hudaygulyev outlined the main priorities of the digital agenda: Infrastructure: modernisation of the telecommunications network, participation in international projects to create digital transit corridors, expansion of the use of the ‘TürkmenÄlem52E’ satellite to improve Internet access in remote regions. Digital services: introduction of modern digital platforms in education, healthcare and public administration. Human capital and inclusion: training of specialists in the field of ICT and AI through educational programmes and internships abroad, development of digital inclusion and reduction of the digital and gender gap. The minister paid special attention to international cooperation. He emphasised that the partnership between the Ministry of Communications of Turkmenistan and UNDP has become a striking example of effective joint work. The Minister of Communications reported that, together with UNDP, a project to introduce a system of interdepartmental interaction had been completed, which significantly increases the transparency and efficiency of data exchange between government agencies.
NOKIA strengthens technological partnership with Turkmenistan in the energy sector
14.11.2025At an international forum in Ashgabat, a representative of NOKIA presented technological solutions for the energy sector in Turkmenistan and discussed prospects for expanding cooperation with Turkmen partners. This was reported by TerraNews. The expert noted the high level of organisation of the forum and emphasised that NOKIA has been cooperating with the state-owned company ‘Altyn asyr’ for more than 20 years. During this time, a significant part of the national telecommunications infrastructure has been built using the company's equipment. One of the key areas of current cooperation is the development of a fifth-generation (5G) network throughout the country. As the NOKIA representative noted, the introduction of 5G technologies will contribute to the digital transformation of various industries, including the fuel and energy complex (FEC). For enterprises located in remote areas, it is especially important to ensure stable communication and digital monitoring. In this regard, NOKIA offered the Turkmen side cooperation in the implementation of projects on video surveillance of infrastructure facilities, as well as in the field of technical support for logistics and navigation solutions for the energy sector. NOKIA confirmed its readiness for further fruitful cooperation with Turkmen partners.
‘Yutong’ presented transport solutions at the ‘Türkmentel–2025’ and ‘ITTC–2025’ forums
14.11.2025Two major international forums are being held in Ashgabat: ‘Türkmentel–2025’ and ‘ITTC–2025’. Among the participants is ‘Zhengzhou Yutong Group Co., Ltd.,’ one of the world's leading manufacturers of buses, electric buses and trolleybuses. ‘Yutong’ products are supplied to more than 120 countries, according to the state news agency ‘Turkmenistan: Golden age’. ‘Yutong’ buses have been operating in Turkmenistan since 2012. During this time, cooperation has covered a wide range of models: from city and intercity to tourist buses, including options with environmentally friendly technologies. In 2016, school buses were delivered to the country under a grant programme and distributed across all velayats to ensure the safe transport of children. A year later, in 2017, a large batch of ‘Yutong’ vehicles was used during the 5th Asian Indoor and Martial Arts Games. Since 2023, electric buses of this brand have been operating in the ‘smart’ city of Arkadag, symbolising Turkmenistan's commitment to environmentally friendly and innovative transport solutions. And in 2025, 700 modern ‘Yutong’ city buses were put into service on Ashgabat routes. As noted by the company, ‘Yutong’ pays special attention to improving the comfort and safety of passenger transport. The models supplied to Turkmenistan meet and even exceed Euro 5 standards, which is particularly important in terms of environmental sustainability.
Turkmenistan and the RCC strengthen cooperation in the field of digital technologies
13.11.2025As part of the 18th International Exhibition and Scientific Conference ‘Türkmentel-2025’ and the International Conference ‘International Transport and Transit Corridors’ (ITTC), a working meeting was held between the Minister of Communications of Turkmenistan, Hajymyrat Hudaygulyev, and the Director General of the Executive Committee of the Regional Commonwealth in the Field of Communications (RCC), Alexey Borodin. This was reported by IIC. During the negotiations, the current state and prospects for further cooperation between Turkmenistan and the RCC were discussed. The parties paid particular attention to issues related to the development of the telecommunications industry, digital transformation and the introduction of advanced information and communication technologies. The meeting confirmed the mutual interest in strengthening partnership and coordinating actions aimed at developing modern ICT infrastructure in the region.
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