Economy
ADB invests $77 million to improve the qualifications of nurses in Turkmenistan
27.09.2025The Asian Development Bank (ADB) has allocated $77 million to a project to improve the quality of training for nurses and midwives in Turkmenistan — $75 million in the form of a loan from the ADB and $2 million in the form of a grant from the Japanese JFPR Fund. This was reported by the IIC of Turkmenistan. The Project, ‘Nursing Quality and Capacity Improvement,’ is the ADB's first initiative in the country's healthcare sector. Its goal is to improve the education of nurses, expand access to quality medical care, and strengthen the role of mid-level medical personnel. The total cost of the project is $98 million, of which $23 million is being provided by the Government of Turkmenistan. As part of the initiative, a new climate-resilient building will be constructed for the Ashgabat School of Nursing, with modern classrooms, laboratories, dormitories, a mothers' lounge, and an educational garden. The project will also update curricula and teaching methods, purchase modern equipment, upgrade teacher qualifications, and establish international cooperation.
Turkmenistan and Uzbekistan sign memoranda on economic cooperation
26.09.2025A business forum was held in Khiva (Uzbekistan) with the participation of representatives of the regions and business circles of Turkmenistan and Uzbekistan. This was reported by the Orient news agency. As a result of the meeting, several export contracts were concluded and Memoranda of Cooperation were signed. The forum discussed prospects for mutually beneficial cooperation in trade, investment, industrial cooperation and tourism. The participants expressed confidence that the launch of the Shavat-Dashoguz border trade zone would be a serious stimulus for the growth of trade turnover and the strengthening of interregional ties. In addition, the delegations familiarised themselves with the investment and export potential of the Khorezm region. Following the forum, the parties agreed to hold a reciprocal business mission from Khorezm to Dashoguz velayat.
EBRD forecast confirms steady GDP growth in Turkmenistan
26.09.2025The European Bank for Reconstruction and Development forecasts Turkmenistan's economy to grow by 6.3% in 2025 and 2026, according to the updated Regional Economic Prospects review, reports the ‘Finmarket’ news agency. These figures are in line with the EBRD's May forecast. In the first half of 2025, the country's GDP increased by 6.3% year-on-year. The main contributors to growth were transport, services, construction and retail trade. Investments in energy, infrastructure, agriculture and manufacturing will support the positive momentum. In 2024, Turkmenistan's economy also grew by 6.3%, repeating the previous year's performance.
A modern tea processing complex has been launched in the Ahal velayat
25.09.2025In the Ak Bugday etrap of the Ahal velayat, the ‘Makul Täjirçilik’ economic association has launched a modern complex for processing and packaging environmentally friendly tea products. This was reported by IIC. The enterprise is equipped with machinery from China, Turkey and Europe, which ensures high-quality processing of raw materials. Fresh large-leaf green and black tea leaves harvested from new plantations are used in production. At the factory, they undergo cleaning, sorting and special processing, preserving their rich taste and aroma. The finished products are sold under the ‘Lezzetli’ and ‘Garagum’ brands in various types of packaging. The new production is focused on the domestic market, but the company's strategic plans include exporting and promoting Turkmen tea abroad.
Turkmenistan prepares to host OGT 2025 conference and exhibition
25.09.2025The 30th International Conference and Exhibition ‘Oil and Gas of Turkmenistan’ (OGT 2025) will be held from 22 to 24 October in Ashgabat and will become an important platform for business cooperation and attracting investment. This was reported by the news website Asmannews. The event will be attended by representatives from China, the United States, the United Kingdom, Germany, Russia, the United Arab Emirates and other countries. This opens up new opportunities for local businesses in the field of partnerships and distribution. For effective networking, a B2B zone integrated with the ‘Business Connect’ AI platform will be created in the exhibition hall. The service generates personalised meeting agendas and simplifies the search for partners by business objectives and technologies. Participants are invited to register via the ‘Turkmen Energy Forum’ (TEF App) mobile application, where the B2B meeting system will be available. More than 500 delegates from 45 countries have already confirmed their participation. OGT 2025 is strengthening its status as a key international forum in the energy sector, with new high-level speakers and the signing of major contracts expected. The deadline for in-person registration is 10 October.
High-quality olive production is operating in Turkmenistan
22.09.2025A new branch of the agro-industrial complex is developing in the Balkan velayat: olive cultivation and processing. Imamberdi Jepbarov, a member of the Union of Industrialists and Entrepreneurs of Turkmenistan, produces products under the ‘Endigan’ brand, according to IIC Turkmenistan. On a 9-hectare plot in the Etrek etrap, 6 hectares have been allocated for olive plantations, where over 10,000 seedlings have been planted, with another 3 hectares occupied by orchards. The harvest takes place from late October to early November, with an expected yield of 15-20 kg of fruit per tree. A specialised enterprise is responsible for processing, and the products are supplied to the domestic market and are available in shops and supermarkets throughout the country. Olive trees are well adapted to the local climate, are drought-resistant and produce fruits rich in vitamins, iron and calcium.
A seminar on circular economy was held in Ashgabat
22.09.2025A two-day seminar on circular economy with a focus on women's entrepreneurship, organised by the OSCE Centre, was held in Ashgabat on 18-19 September. This was reported by the online publication Arzuw.news. Participants included representatives of parliament, relevant ministries, the Union of Industrialists and Entrepreneurs, as well as women businesspeople and university lecturers. During the hybrid event, international experts shared their experiences of implementing the circular economy as a tool for sustainable development. Particular attention was paid to the efficient use of resources, waste reduction and the role of women entrepreneurs in shaping an inclusive and sustainable economy.
Turkmenistan intends to modernise its metallurgical industry
21.09.2025Turkmenistan plans to actively develop its metallurgical sector. This is evidenced by a Memorandum of Understanding signed with the Austrian company ‘Primetals Technologies Austria GmbH’. This was reported by the news website Turkmenportal. The document was signed between the Ministry of Industry and Construction of Turkmenistan and ‘Primetals Technologies Austria GmbH’ as part of the Turkmenistan Investment Forum (TIF 2025), which took place in the ‘Avaza’ National Tourist Zone. ‘Primetals Technologies Austria GmbH’ specialises in the design, development and supply of equipment for metallurgy, and also offers solutions in the field of automation and digitalisation of production processes. The company operates in both the ferrous and non-ferrous metallurgy segments, as well as in the field of metal processing. The signed Memorandum will enable Turkmenistan to gain access to modern technologies and expand the potential of the national metallurgical industry.
There are 78 companies with Turkmen capital operating in Azerbaijan
20.09.2025There are currently 78 companies with Turkmen capital operating in Azerbaijan in the industrial, transport, construction, trade and service sectors. This was announced by Azerbaijan's Deputy Minister of Economy Sahib Nureddin Alekperov at the Turkmenistan Investment Forum (TIF 2025). This was reported by the news website Turkmenportal. The Deputy Minister noted the growth in mutual trade in agricultural and processed products, but stressed that the potential for cooperation is not being fully exploited. According to Alekperov, the opening of Azerbaijan's trade mission in Uzbekistan, which will also cover other Central Asian countries, will create new opportunities for exports, investments and joint projects with Turkmenistan.
The UN expressed support for Turkmenistan's investment potential
20.09.2025The UN took an active part in the Turkmenistan Investment Forum, focusing on issues of inclusive development, strengthening regional ties and promoting sustainable investment. This was reported by the online publication Arzuw.news. UN Resident Coordinator Dmitry Shlapachenko moderated a high-level plenary session where the prospects for Turkmenistan's investment climate were discussed. In addition, Economist at the UN Resident Coordinator's office in Turkmenistan Vladimir Valetka presented an analytical review on energy integration and sustainable transport development to the participants. The organisation confirmed its readiness to continue supporting the reforms being carried out in the country and also announced its intention to participate in upcoming regional discussions.
Turkmenistan adopts Armenian experience in stock market development
20.09.2025From 15 to 19 September 2025, a Turkmen delegation visited the Republic of Armenia to study the experience of developing the securities market. The visit was held as part of a joint project between the United Nations Development Programme and the Ministry of Finance and Economy of Turkmenistan. This was reported by IIC. The delegation included representatives of the country's Ministry of Finance and Economy and the Ashgabat Stock Exchange. The purpose of the trip was to familiarise themselves with the legal and institutional aspects of the functioning of the Armenian stock market. During the visit, the delegation visited the Financial Markets Directorate of the Central Bank of Armenia, the Armenian Stock Exchange, the Central Depository and the Armenian State University of Economics. Particular attention was paid to issues of regulation, securities listing and investor support. The experience gained will be used to improve national legislation and develop the financial market of Turkmenistan in accordance with international standards. This is in line with the objectives of the country's National Socio-Economic Development Programme for 2022-2052.
New partnership agreements signed at Turkmenistan Investment Forum
19.09.2025At the Turkmenistan Investment Forum (TIF 2025), held in the ‘Avaza’ National Tourist Zone, a number of agreements were signed reflecting Turkmenistan's desire to expand international cooperation in key areas. This was reported by the Orient news agency. The Ministry of Finance and Economy of Turkmenistan and the World Bank agreed on a grant under the ‘One Health in Central Asia’ project, aimed at protecting food systems and ecosystems. The Ministry of Industry and Construction of Turkmenistan signed a Memorandum with the Austrian company ‘Primetals Technologies Austria GmbH’, which specialises in metallurgical innovations. The Chamber of Commerce and Industry of Turkmenistan and the West London Chambers of Commerce have signed a Cooperation Agreement that will give Turkmen companies access to international markets. The Ministry of Finance signed a Memorandum with the World Free Zones Organisation (World FZO), which brings together more than 1,200 sites around the world. These agreements demonstrate the multi-vector nature of Turkmenistan's foreign economic policy and its readiness to develop partnerships in healthcare, industry, trade and the development of economic zones.
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