Economy
‘Rönesans’ aims to further develop its activities in Turkmenistan
13.02.2026The Turkish company ‘Rönesans’ has been operating in Turkmenistan since 2010, implementing a number of major projects in the field of civil construction and industrial infrastructure. This was reported by the news website Turkmenportal. According to the company's department head, Yigit Unsal, during this time, projects have been completed in the Mary and Lebap velayats, as well as in Ashgabat, significant experience has been gained, and strong partnerships have been built with local organisations and suppliers. The company is currently working on four projects: servicing a previously built facility in Lebap, reconstructing a facility implemented by another company, building a shopping and entertainment centre next to the ‘Garagum’ Hotel near the capital's airport, and constructing an additional block as part of the ‘JTG’ project, one of the key projects for ‘Rönesans’ in the region. The company intends to expand its presence in Turkmenistan, is developing new initiatives and strengthening cooperation with local partners. ‘Rönesans’ also took part in an Exhibition of Turkish Export Goods in Ashgabat, which, according to Y. Unsal, helped to strengthen business contacts and develop Turkmen-Turkish economic cooperation.
Scientists in Turkmenistan have introduced an environmentally friendly method of producing solidol
13.02.2026Scientists at the Institute of Chemistry of the Academy of Sciences of Turkmenistan have developed a method for producing solidol from local raw materials, which is in demand in industry and agriculture. This was reported by the IIC of Turkmenistan. The technology is unique in that it uses waste from the oil and gas and food industries, including soapstock, fatty acids, gossypol resins and animal fats. Experiments have shown that high-quality solidol can be produced from purified waste oils, bitumen and mineral additives. The resulting product complies with state standards, and the introduction of the technology will expand the raw material base and reduce production costs through the processing of secondary raw materials. Calcium, lithium and strontium compounds extracted from local deposits, such as Kelata, Akdepe and Balkan, are used to thicken the oils. Base oils are produced at the Turkmenbashi Oil Refinery, and the new method allows local resources to be integrated into the production chain. The technology meets modern environmental requirements, reduces waste disposal costs and strengthens the country's economic independence, demonstrating the effectiveness of cooperation between science and industry.
Turkmen brand ‘Gala’ strengthens its position in the fashion market
12.02.2026The Turkmen textile brand ‘Gala’ is strengthening its position as one of the country's most sought-after manufacturers of modern casual and sportswear. This was reported by the publication ‘Turkmenistan: Golden age’. The brand's stores offer a wide range of products for the whole family. Knitted sports suits for children, teenagers and adults, designed with an active lifestyle in mind, occupy a special place in the line. The models combine comfort, practicality and current fashion trends. The most popular among young people are two-piece suits, including trousers and windbreakers with functional pockets, high collars, with and without hoods. The thoughtful cut ensures freedom of movement, and the soft and durable knitwear makes the products comfortable for everyday wear, walks and sports. The collections also include sweatshirts, hoodies and T-shirts made from high-quality materials. A separate category is made up of T-shirts featuring an image of Vepaly, the Alabay puppy mascot of the 2017 Asian Indoor and Martial Arts Games, symbolising sporting spirit and the desire to win. Among the brand's new products are knitted hats that complement sports outfits. A wide colour palette allows you to choose an accessory for any outfit, and the branded patch with the ‘Gala’ logo emphasises the brand's recognisability. According to company representatives, all products are made from environmentally friendly materials using modern technologies and meet high quality standards.
In 2025, Turkmenistan accelerated the development of international transport corridors
12.02.2026The year 2025, declared by the UN General Assembly as the International Year of Peace and Trust, has become a stage of large-scale modernisation of the transport and communication system for Turkmenistan. Infrastructure projects being implemented in the country are aimed at transforming the state into one of the leading transit hubs in Eurasia, according to the state news agency TDH. The national transport strategy is based on the idea of reviving the Great Silk Road, which is now being filled with modern content. Under the leadership of Turkmenistan's President Serdar Berdimuhamedov, programmes to develop rail, road, air, sea and digital communications are being consistently implemented in the country. Turkmenistan participates in key international transport initiatives, including the Ashgabat Agreement, the Lapis Lazuli Corridor, the TRACECA project and the ‘Kazakhstan-Turkmenistan-Iran’ railway. These routes form a ‘North-South’ and ‘East-West’ link, strengthening the region's integration into global logistics. In December 2025, at the initiative of Turkmenistan, the UN General Assembly adopted a Resolution proclaiming the Decade of Sustainable Transport (2026–2035), which was an international recognition of the country's role in shaping the global transport agenda. Institutional reforms gave a significant boost to the development of the industry. In 2025, specialised ministries and government agencies were established in the country for rail, road, sea, air transport and communications, which made it possible to improve management efficiency and introduce modern standards. Civil aviation is actively developing: Balkanabat International Airport has been put into operation, a flight safety programme has been approved, and international cooperation is expanding. The airline ‘Turkmenistan’ has become a member of TIACA, and the country's aviation school has received ICAO international certification. Maritime infrastructure is being strengthened through the modernisation of ports, the Balkan shipyard and the expansion of Caspian routes. In the field of motorways, new highways are being built, including the ‘Turkmenbashi-Garabogaz’ section and a bridge across the Garabogazkol Bay connecting Turkmenistan with Kazakhstan. Rail transport is being equipped with modern rolling stock, which is expanding the geography of transit traffic. At the same time, digital infrastructure is being developed: fibre-optic networks are being expanded, e-government is being introduced, and cybersecurity is being strengthened. The city of Arkadag has become a special symbol of the digital future, with the introduction of 4G+ and 5G technologies, as well as elements of a ‘smart’ and ‘green’ city. Thus, Turkmenistan is not only reviving the idea of the Great Silk Road, but also forming a modern transport and communication corridor, strengthening its position as a reliable international partner and an important logistics centre in Eurasia.
Turkish businesses have implemented 1,098 projects in Turkmenistan
12.02.2026Turkish companies have implemented 1,098 projects worth $56 billion in Turkmenistan. This was announced by Turkish Minister of Trade Omer Bolat after a meeting with Turkish businessmen in Ashgabat, according to the online publication ‘Business Turkmenistan’. The meeting, organised with the support of Turkish Ambassador Ahmet Demirok, highlighted the steady growth of cooperation and new contracts for Turkish companies. During its time in the Turkmen market, Turkish businesses have participated in major infrastructure projects: power plants and power lines, roads, residential complexes, shopping centres, universities and schools, public buildings, hotels, industrial facilities, museums, parks and medical facilities. The minister also visited the country to participate in an exhibition of Turkish export goods in Ashgabat.
Turkmenistan and Turkey discussed expanding trade and investment cooperation
11.02.2026On 10 February, in Ashgabat, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev held a meeting with Turkish Minister of Trade Omer Bolat. The negotiations took place within the framework of the Exhibition of Export Goods of the Republic of Turkey, which will last until 12 February. This was reported by IIC. The main topic of discussion was new opportunities for business and the development of direct contacts between entrepreneurs of the two countries. The parties agreed to hold joint investment forums, specialised exhibitions and bilateral business meetings to stimulate business activity. During the meeting, the parties confirmed their readiness to strengthen strategic partnership in key sectors of the economy: trade, energy, transport, construction, investment and tourism. Particular attention was paid to the dynamics of trade relations. At the end of 2025, the volume of bilateral trade amounted to $2.2 billion, and in the near future, the parties plan to increase it to $5 billion. Omer Bolat stressed that Turkey intends to comprehensively develop cooperation, relying on the historical ties and high export potential of the two countries.
A four-party meeting on the development of the Middle Corridor was held in Ashgabat
11.02.2026On 10 February, a four-party meeting of the Heads of the railway departments of Turkmenistan, Azerbaijan, Uzbekistan and Georgia was held in Ashgabat. Turkmenistan was represented by Minister of Rail Transport M. Akmammedov, Azerbaijan by Chairman of ‘Azerbaijan Railways’ CJSC Rovshan Rustamov, Uzbekistan by Zufar Narzullayev, and Georgia by Lasha Abashidze, according to Turkmenportal. During the meeting, they discussed the development of the Middle Corridor, one of the key transit routes in the region, opportunities for expanding cooperation and increasing the competitiveness of transport. Particular attention was paid to the digitalisation of operations to speed up freight transport. Following the negotiations, a Protocol was signed covering digitalisation, the development of freight transport and diagnostics for the Middle Corridor.
Trade turnover between Turkey and Turkmenistan reached $2.2 billion
11.02.2026The 12th Exhibition of Turkish Export Goods has opened in Ashgabat. Turkish Minister of Trade Omer Bolat and Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev took part in the ceremony, according to Turkmenportal. Omer Bolat said that trade turnover between Turkey and Turkmenistan reached $2.2 billion in 2025. The target is $5 billion. According to him, despite global economic difficulties, bilateral trade continues to grow. The minister noted that the task of increasing trade volume was set by Turkish President Recep Tayyip Erdogan and President of Turkmenistan Serdar Berdimuhamedov, and work in this direction is continuing. The Turkish side is represented at the exhibition by 87 stands of companies and exporters' associations. The total exhibition area is 1,396 square metres.
IFT 2026: Ashgabat opens its doors to international business
10.02.2026In spring 2026, Ashgabat will host the International Forum on Investment in the Private Sector ‘Investments in the Future of Turkmenistan’ (IFT 2026), which will take place on 18 March. This was reported by the online publication ‘Business Turkmenistan’. The event will be held in the building of the Chamber of Commerce and Industry of Turkmenistan and is being organised jointly with the Union of Industrialists and Entrepreneurs with the support of ‘TMT Consulting Group’. Registration for participants is already open, allowing businesses to prepare presentations in advance and invite foreign partners. The forum reflects the state strategy for developing the private sector and attracting investment. IFT 2026 will bring together capital, expertise and business initiatives, covering industry, agribusiness, livestock, logistics, innovation and private investment projects. Continuing the traditions of IFT 2025, the forum expects active participation from the international community: last year, more than 500 delegates from 25 countries and hundreds of companies gathered, 21 agreements were signed and 187 business meetings were held.
Turkmenistan expands international fibre optic network
10.02.2026Turkmenistan is implementing a programme to modernise its telecommunications infrastructure, which will see the number of international fibre-optic lines increase from eight to eleven by 2028. This was reported by the Orient news agency. The country's Ministry of Communications plans to build a cross-border line to Afghanistan, which will expand transit capabilities and provide access to South Asian markets. At the same time, Azerbaijan and Turkmenistan are jointly laying an underwater fibre-optic cable along the bottom of the Caspian Sea and developing land-based trunk lines in western directions. The implementation of these initiatives is expected to significantly increase the capacity of the national network and strengthen Turkmenistan's role as a transit telecommunications hub between the regions of Eurasia.
The 12th Exhibition of Turkish Goods has commenced in Ashgabat
10.02.2026The 12th Exhibition of Turkish Export Goods has opened in Ashgabat, with around 100 companies and business associations taking part. This was reported by the news website Turkmenportal. The grand opening of the event was conducted by the Minister of Trade of the Republic of Turkey, Omer Bolat, who arrived in the capital of Turkmenistan with an official delegation. The exhibition will run from 10 to 12 February. The event provides Turkish manufacturers and exporters with an opportunity to present their products on the Turkmen market, as well as to establish new business contacts. The exhibition features products from a wide range of industries. The organisers invite Turkmen companies to visit the exhibition to familiarise themselves with the range of Turkish brands and consider the prospects for mutually beneficial cooperation. During his visit, Minister O. Bolat will hold a series of negotiations with representatives of Turkmen government agencies and business circles aimed at strengthening bilateral trade and economic ties.
New environmental research programme approved in Turkmenistan
10.02.2026The National Institute of Deserts, Flora and Fauna of the Ministry of Environmental Protection of Turkmenistan has approved a programme of scientific and practical research for the period 2026–2030. This was reported by the IIC of Turkmenistan. The programme covers ecology, forestry and rational nature management. The focus is on the impact of climate change on ecosystems, monitoring of flora in the ‘Altyn Asyr’ lake area and assessment of the condition of pastures important for livestock breeding. A separate block of work is devoted to protecting infrastructure from sand drifts, including the development of methods for stabilising sand along roads and pipelines, primarily in the Balkan velayat. At the same time, the institute will continue its research on biodiversity conservation, pest control and the cultivation of rare plant species to strengthen the country's forest ecosystems.
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