Economy
Turkmenistan and France are strengthening their partnership in advanced technological sectors
08.05.2025The official visit of the National Leader of the Turkmen People, Chairman of the Khalk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov to France has opened new prospects for Turkmen-French cooperation in advanced technological sectors. This was reported by IIC of Turkmenistan on 8 May. According to the source, a Memorandum of Understanding was signed between the ‘Türkmenaragatnaşyk’ agency and ‘Airbus Defence and Space SAS,’ which will allow Turkmenistan to intensify interaction with the world leader of aerospace industry in the field of space technologies and satellite communications. A framework agreement was also reached between the ‘Türkmenaragatnaşyk’ agency and the French company ‘Thales Alenia Space France’ to modernise Turkmenistan's national communications satellite ‘TürkmenÄlem’. The signing ceremony took place in Paris within the framework of the Turkmen-French Economic Forum, which emphasises the desire of Turkmenistan and France to strengthen mutually beneficial partnerships.
Turkmenistan will present agricultural products at exhibitions in Baku
07.05.2025Turkmen enterprises will take part in the largest agrarian and food exhibitions in Azerbaijan, where they will present their products and establish business contacts. Two significant international exhibitions - the 18th Caspian Agro and the 30th anniversary InterFood Azerbaijan - will be held at the Baku Expo Centre from 13 to 16 May 2025. Turkmenistan has confirmed its participation in these events, which will bring together about 450 companies from more than 30 countries. This is reported by IIC. This is a great opportunity for Turkmen producers to demonstrate the achievements of agriculture and food industry, find new partners and investors, study advanced technologies and experience of foreign colleagues. According to the representative of the organisers Bahruz Hidayatzade, the format of the event increased to four days will allow the participants to make the most effective use of time for business negotiations and establishment of promising contacts.
A number of agreements have been concluded between Turkmenistan and France
07.05.2025A number of significant bilateral documents were signed during the Turkmen-French Economic Forum held in Paris. In particular, the ‘Türkmenaragatnaşyk’ agency reached agreements with ‘Airbus Defence and Space SAS’ on cooperation in the field of telecommunications. This is reported by IIC. The Ministry of Agriculture of Turkmenistan signed an agreement with the French company ‘IGN FI’ on co-operation in the field of land cadastre. In the water sector, a memorandum of understanding was signed by the State Water Committee of Turkmenistan and the company ‘SUEZ International’. Of particular importance is the agreement between the State Concern ‘Türkmengaz’ and ‘SUEZ International’ on partnership in the gas industry. These documents create a solid basis for the development of long-term co-operation between Turkmenistan and France in key sectors of the economy.
The Turkmen company 'Senagat Plastik' has launched the production of new products
07.05.2025In Turkmenistan, entrepreneurs actively introduce modern technologies and develop industrial production. A striking example is Senagat Plastik, which has been operating in Turkmenbashi etrap for eight years. The enterprise specialises in processing of local raw materials and production of high-quality polyethylene and polypropylene products. This is reported by the Internet publication ‘Turkmenistan: Golden age’. The main products of the company are plastic pallets, which are widely used for loading and unloading operations and storage of goods. They are characterised by durability, resistance to chemical influences and practicality. Recently the company has expanded its product range by launching the production of polypropylene water filters using American-made equipment. These filters are already used in desalination plants. The expansion of production has created new jobs, which is in line with the state policy objectives of developing the industrial sector and the digital economy.
Turkmenistan has a system for the transition to a digital economy
06.05.2025In Turkmenistan, the ‘Single Window for Export-Import Transactions’ system, which has become one of the important steps on the way of the country's transition to a digital economy, is successfully fulfilling its functions. This was reported by the ‘Turkmenistan: Golden age’ news agency. According to the source, the system was developed by the State Customs Service of Turkmenistan in partnership with international organisations such as the United Nations Development Programme (UNDP) and the United Nations Conference on Trade and Development (UNCTAD). The platform brings together 24 ministries and sectoral agencies that issue permits for export, import and transit of goods In addition, more than 9,000 users have already registered and are receiving technical support. Since its launch, the system has demonstrated its efficiency by processing about 100,000 applications in 2024 and almost 58,000 in the first quarter of this year. The system has simplified foreign economic activities and strengthened Turkmenistan's position as a transit country.
Ashgabat will host an international conference on green energy technologies
05.05.2025On 5 June 2025, Ashgabat will host a significant event in the field of energy and ecology - International Scientific and Practical Conference "Environmental aspects of implementing innovative technologies in the development of hydrocarbon fields" (TESC 2025). The event, organised by the state concerns ‘Türkmengaz’ and ‘Türkmennebit’, is timed to coincide with the World Environment Day. This is reported by IIC of Turkmenistan. The conference under the motto ‘Reliable, Sustainable, Clean Energy’ will become an important platform for professional dialogue. Its goal is to share best practices, present environmentally friendly technologies and strengthen international cooperation in the field of sustainable development of the energy sector. Representatives of authoritative international organisations including the UN, OSCE, World Bank, EBRD, Asian Development Bank, Gas Exporting Countries Forum, International Energy Agency and IRENA are invited to participate. Government officials, leading scientists, industry experts and environmentalists are expected to attend. Special attention will be paid to developing practical solutions to minimise the environmental footprint of hydrocarbon production. Last year's forum was attended by 250 delegates from 31 countries, which demonstrates the growing relevance of the topic.
Turkmen goods will be presented at an exhibition in Iran
05.05.2025From 5 to 7 May 2025, the Iranian city of Gurgen will be the venue for a large-scale exhibition of Turkmen goods. The event will be attended by 12 state organisations of Turkmenistan and 50 member companies of the Union of Industrialists and Entrepreneurs of Turkmenistan. This is reported by the IIC of Turkmenistan. The exposition will introduce guests to a wide range of export-oriented products of various sectors of the Turkmen economy. Special emphasis will be placed on goods produced by private enterprises of Turkmenistan. The organisers note that the exhibition is designed to strengthen trade and economic cooperation between Turkmenistan and Iran, as well as to promote national products in the markets of the region. The event will become an important platform for establishing new business contacts and searching for potential partners. The exhibition in Gurgen continues the tradition of regular business forums between the two countries, demonstrating the dynamic development of bilateral economic relations.
Meetings on the development of the financial account were held in Ashgabat
02.05.2025From 28 April to 1 May 2025, a series of working meetings organized by the United Nations Development Programme (UNDP) together with the State Statistics Committee of Turkmenistan took place in Ashgabat. The events were held within the framework of a joint project aimed at strengthening the statistical and institutional capacity of the country, the IRC reports. The main focus was on the development of a financial account in accordance with the international standards of the System of National Accounts 2008 (SNA 2008). The discussions were attended by international consultant Peprone Margaryants, representatives of Turkmenstat, the Central Bank, the Ministry of Finance and Economy, and other specialized agencies. The working meetings were part of the project “Assistance in the development of the financial account for the implementation of SNA 2008”, which is implemented by UNDP in cooperation with national partners. The aim of the initiative is to contribute to the improvement of the state statistical system and to enhance the quality of monitoring of economic and financial processes.
Innovative hydrophobic coating for construction developed in Turkmenistan
02.05.2025The International Scientific and Technological Park of the Academy of Sciences of Turkmenistan has completed the development of a fundamentally new hydrophobic composite coating for building structures. The technology created under the guidance of candidate of technical sciences Meretmuhammet Khudaiberdiyev has already received patent protection. This is reported by the Internet edition “Turkmenistan: Golden Age”. The innovation is based on a unique composite material combining porous synthetic matrix with sulfur polymer concrete. This provides a number of significant advantages over traditional solutions. The coating demonstrates high adhesion to various surfaces and increased mechanical strength, allowing to effectively solve the problems of external and internal waterproofing of structures. The performance characteristics of the development deserve special attention. The material shows resistance to aggressive media, which significantly expands the scope of its application. Time indicators of strength gain are reduced several times - instead of the standard 28 days the material reaches working characteristics in just a few days. An important aspect of the technology is its economic and environmental efficiency. The use of sulphur from natural gas processing creates additional opportunities for utilization of this by-product. Simplified installation and no need to combine with traditional concrete reduce labor costs during construction.
Turkmenistan and Kyrgyzstan sign Protocol of the Commission Meeting on Cooperation in the Field of Transport
02.05.2025The first meeting of the Turkmen-Kyrgyz Commission on Transport, Transit and Logistics, held from April 28 to 30, 2025, was completed in Bishkek. Following the negotiations, the parties signed a Protocol that enshrines the agreements on the development of transit transportation and multimodal routes. This is reported by the Ministry of Foreign Affairs of Turkmenistan. Special attention was paid to cooperation in road, rail and water transport, including the effective use of opportunities of the International Sea Port of Turkmenbashi. Agreements were also reached to harmonize approaches in tariff policy. The next meeting of the Commission is scheduled to be held in 2026 on the territory of Turkmenistan, which emphasizes the long-term nature of bilateral cooperation.
Turkmenistan is actively caring for silkworm cocoons
01.05.2025In the new season, silkworm breeders of Turkmenistan plan to hand over more than 2 000 tons of valuable cocoons to the state. The Balkan province traditionally makes a significant contribution to the total volume of production, setting a goal to collect more than 25 tons of products. This is reported by the online news outlet "Turkmenistan: Golden Age". Silk farming remains one of the most important sectors of the national economy, the products of which are in steady demand in the domestic and world markets. The development of the industry is ensured thanks to the state support, including implementation of comprehensive programs for modernization of agriculture and creation of optimal conditions for the work of specialists. In Balkan velayat specialized nurseries where thousands of silkworm bushes - the main fodder base - are grown are successfully working. At the beginning of the season more than 680 boxes with greens were distributed to silkworm breeders of the region. Compliance with technological requirements to temperature regime, humidity and lighting allows producers to confidently fulfill production plans.
Read also
Advertising
Read us in Zen
