Turkmenistan is directing its economy towards the production of demanded goods

Turkmenistan is directing its economy towards the production of demanded goods
14 31.10.2025

Deputy Minister of Finance and Economy of Turkmenistan Babaniyaz Yalakov stated during the Days of Turkmenistan's Economy in Germany that the goal of structural reforms in the country's economy is to create competitive products that are in demand on domestic and foreign markets, with an emphasis on manufacturing industries with high added value based on local raw materials, according to the news website Turkmenportal.

According to him, one of the key areas of investment policy remains attracting foreign direct investment for the introduction of modern technologies and equipment, the development of innovation, human capital and ensuring environmental and economic security.

B. Yalakov emphasised Turkmenistan's desire to create a favourable business environment and stimulate entrepreneurial activity. Among the priorities for international cooperation, he named transport and logistics corridors, energy cooperation, the digital economy, e-Government, agriculture and water resource management.

The Days of Turkmenistan's Economy are being held on 30–31 October in Frankfurt am Main, organised by the Chamber of Commerce and Industry of Turkmenistan and TMT Consulting Group.