Economy
Afghan entrepreneurs have signed deals with ‘Türkmengaz’ worth $1.87 million
15.08.2025On 14 August, two deals were signed on the foreign market between Afghan businessmen and the State Concern ‘Türkmengaz’ for the supply of liquefied gas. This was reported by the press service of the SCRMET. The total value of the contracts amounted to 1.87 million US dollars. These deals strengthen Turkmenistan's position in the regional energy market and contribute to the development of trade relations with Afghanistan.
OGT 2025 in Turkmenistan will welcome over 100 foreign delegates
15.08.2025More than 100 foreign delegates, including representatives of government agencies, major energy companies and investors, will take part in the 30th International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’ (OGT 2025), which will be held from 22 to 24 October in Ashgabat. This was reported by the online publication ‘Business Turkmenistan’. All places at OGT Expo have been booked in advance, which underscores the global business community's interest in Turkmenistan's hydrocarbon and clean energy sectors. The programme will open with a plenary session on ‘Shaping the Future of Global Energy in the International Year of Peace and Trust – Innovation, Energy Transition, and Strategic Cooperation’, followed by discussions on infrastructure, the development of the ‘Galkynysh’ field, the TAPI project, the development of petrochemicals, methane emissions reduction, hydrogen energy and innovative financing. The organisers note that OGT 2025 will not only showcase the industry's achievements, but also serve as a platform for strengthening strategic cooperation in Eurasia.
Businessmen of Turkmenistan are invited to the international exhibition ‘Plastics Industry’
15.08.2025Business representatives from Turkmenistan are invited to participate in the 15th International Exhibition ‘Plastics Industry - Plastex Uzbekistan’, which will be held in Tashkent from 23 to 25 September 2025. This was reported by the IIC. The exhibition will be a large-scale platform for presenting modern technologies, equipment and engineering solutions in the field of plastics and polymer materials production. Starting this year, the event will be held in a combined format with the 4P Central Asia exhibition, covering the printing, packaging, plastics and polymer industries. This approach will allow participants to explore current trends, raw materials and components in several related areas at once. Visitors and participants will be able to showcase their latest developments, explore products from local and foreign companies, and establish business contacts with industry representatives from different countries.
Turkmenistan participates in financial security programme
14.08.2025Representatives of Turkmenistan are participating in the 'New Generation 2025' training course for young financial intelligence officers, which is being held in Moscow. This was reported by the news agency Orient. The programme is organised by Federal Financial Monitoring Service, Rossotrudnichestvo and the International Educational and Methodological Center for Financial Monitoring. Over the course of five days, participants will exchange experiences and improve key competencies for the upcoming round of mutual evaluations. The programme includes visits to the Bank of Russia, the Federal Tax Service and VTB, as well as participation in seminars, master classes and round tables. A business game on FATF/EAG assessments, a round table on international information exchange and a case study on the freezing of assets related to terrorism have already taken place. As part of the cultural programme, participants laid flowers at the Eternal Flame in Alexander Garden. The participation of Turkmen specialists in such initiatives strengthens the national financial security system and develops international cooperation.
The EU emphasises Turkmenistan's role in diversifying gas supplies
11.08.2025The European Commission has noted Turkmenistan's potential for diversifying gas supplies to the EU via the Southern Gas Corridor. This was reported by the online publication ‘Business Turkmenistan’. Energy cooperation between the parties is governed by a 2008 memorandum covering energy security, infrastructure, renewable energy sources and energy efficiency; a bilateral working group has been set up for dialogue. Decisions on infrastructure projects are taken by national authorities and companies. Turkmenistan's Ambassador to the Russian Federation, Esen Aydogdyev, previously emphasised that the country's neutral status helps to diversify energy export routes.
Turkmenistan and Uzbekistan intend to increase mutual trade turnover to $2 billion
10.08.2025Turkmenistan and Uzbekistan intend to increase mutual trade turnover to $2 billion. This issue was discussed at the Third UN Conference on Landlocked Developing Countries. This was reported by the online publication ‘Business Turkmenistan’. The parties agreed to sign an agreement soon on the creation of a border trade zone between Shavat (Khorezm region) and Dashoguz (Dashoguz velayat) and to launch it in the near future. In 2024, trade turnover between the two countries reached $1.15 billion, and in the first six months of 2025, it amounted to approximately $500 million.
Turkmenistan and Azerbaijan increase mutual trade volume
10.08.2025Between January and June 2025, trade turnover between Turkmenistan and Azerbaijan amounted to US$140.2 million, equivalent to 0.57% of Azerbaijan's total foreign trade turnover. This was reported by the news website Asmannews. Over the six months, exports of Azerbaijani goods to Turkmenistan reached $30.3 million, while imports from that country amounted to $109.8 million. Supplies of non-oil products from Azerbaijan to Turkmenistan during the reporting period amounted to $29.5 million, which corresponds to 1.68% of the country's total non-oil exports. According to this indicator, Turkmenistan ranked 10th among the key importers of non-oil products from Azerbaijan.
Turkmenistan leads the Asian Development Bank's border crossing efficiency ranking
10.08.2025The Asian Development Bank has published the results of the Cross-Border Trade and Transport Facilitation Index (CBTTFI), in which Turkmenistan's border crossing points demonstrated impeccable performance. According to the report, Turkmen border crossing points received the maximum score of 100% in the key category of ‘transport regulation’. This was reported by the online publication AsmanNews. The study covered six border crossing points in five countries in the region. Other participants included the Azerbaijani crossing point ‘Qırmızı Körpü’, which showed 71% overall efficiency, the Uzbek crossing point ‘Yallama’, which ranked with a total score of 77%, and the Pakistani ‘Torham’, which stood out for its best results in coordinating customs procedures (88%) and supporting transit operations (82%). ADB experts emphasise that Turkmenistan's performance in these areas strengthens its strategic position in the development of regional trade routes and transport and logistics cooperation. The data obtained is particularly important for optimising international freight transport and further integration of transport systems in Central Asia. The bank's report testifies to Turkmenistan's significant progress in establishing an effective border control and customs administration system, which contributes to improving the business environment and investment attractiveness of the country.
Deals worth $3.7 million were concluded at the SCRMET
04.08.2025At the recent auction of the State Commodity and Raw Materials Exchange of Turkmenistan, 11 deals were concluded with a total turnover of more than 3.7 million US dollars. The main buyers were entrepreneurs from Uzbekistan and Afghanistan, who purchased aerated concrete blocks and liquefied gas produced by the State Concern ‘Türkmenhimiýa’. This was reported by the online publication ‘Turkmenistan: Golden age’. In addition, businessmen from Kyrgyzstan and other countries purchased cotton yarn, cotton lint and denim products. On the domestic market, domestic companies concluded deals for polypropylene, cotton yarn and terry products worth 6.3 million manats. These deals show that there is still a lot of demand for Turkmen products both internationally and domestically. Trading at the SCRMET keeps playing a big role in helping Turkmenistan build up its economic ties with other countries.
Small businesses and innovation open up new prospects for landlocked countries
04.08.2025During international discussions, experts and parliamentarians from landlocked countries emphasised the need to expand integration and connections at all levels, from transport infrastructure to digital technologies and financial support for small and medium-sized businesses. This was reported by the IIC. Particular attention was paid to the fact that connectivity must go beyond simple connections to ports and harbours. It is important to build effective communications between industry and markets, entrepreneurs and sources of finance, and to provide enterprises with modern technologies. A key factor for success is the alignment of financial legislative initiatives with national plans and the mobilisation of resources to support small and medium-sized businesses and job creation. It was also noted that international and regional partnerships are an important element in the implementation of the programme. UN organisations such as UNIDO and the International Trade Centre provide technical assistance in the areas of industrialisation and climate policy. Financial institutions and local unions in Africa and other regions provide access to financial instruments, while civil society and the private sector promote inclusiveness and sustainable development.
Turkmenistan will receive direct ferry service to Makhachkala
03.08.2025The Makhachkala Sea Trade Port (Russia) will launch regular ferry services to Turkmenistan, Iran and Kazakhstan by 2030, opening up new prospects for Turkmen exports and transit. This project is particularly important for Turkmenistan, which is actively developing its transport infrastructure and strengthening its position in regional logistics. This was reported by the online publication ‘Business Turkmenistan’. Preparations include the modernisation of port facilities – the creation of a new container terminal and an increase in cargo turnover by 2 million tonnes per year. For Turkmenistan, the new routes will become an additional channel of trade with Russia and the countries of the Caspian region, which will strengthen its role in the ‘North-South’ and ‘East-West’ international transport corridors. This project is in line with the general trend of developing international transport corridors involving Turkmenistan, which is actively developing its logistics infrastructure to strengthen its transit potential.
Turkmenistan develops transport corridors at six-party meeting in Beijing
02.08.2025An important meeting of representatives of the railway administrations of Turkmenistan, China, Kazakhstan, Uzbekistan, Iran and Turkey took place in Beijing. The central topic of the negotiations was the development of two new transport corridors passing through the territory of Turkmenistan and connecting China with Europe. This was reported by IIC. The Turkmen delegation actively participated in the discussion of the prospects for railway communication in the directions China-Kazakhstan-Turkmenistan-Iran-Turkey and China-Kazakhstan-Uzbekistan-Turkmenistan-Iran- Turkey. These routes, previously agreed upon in Tehran, will significantly optimise freight transport between Asia and Europe. Particular attention was paid to improving the efficiency of logistics and increasing Turkmenistan's transit potential. The implementation of new projects will contribute to the further integration of the country into the global transport system and strengthen its position as a key link between East and West.
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